Retail

New York City -- Speaking at the Goldman Sachs 18th Annual Global Retailing Conference in New York City, Myron Ullman III, chairman and CEO of J.C. Penney Co., expressed confidence that the chain is well positioned for the holiday selling season. However, he noted that uncertain economic conditions have caused the chain to pull back on its expectations.

Ullman noted that customers are still purchasing promotionally priced items along with full-priced goods.

 

PHOENIX — PetSmart has the announced the launch of a new collection from Martha Stewart Pets. The collection features innovative, cat-friendly feeding bowls and mats, a well-designed bed and a range of fun, stimulating toys made exclusively for PetSmart stores and PetSmart.com, the company reported.

Redwood City, Calif. -- Jacksonville, Fla.-based Regency Centers said it has leased retail space to Pier 1 Imports at Sequoia Station, located in Redwood, Calif., bringing the shopping center to 100% leased.

Pier 1 leased 11,898 sq. Ft. and is slated to open in February 2012.

The 102,848-sq.-ft. shopping center is anchored by Safeway alongside national retailers such as Old Navy, CVS/pharmacy, Barnes & Noble Booksellers and Johnny Rockets.
 

DEERFIELD, Ill. — Walgreens reported that total sales for August were $6.1 billion, an increase of 7.8% from $5.66 billion for the same month in 2010. Total front-end sales increased 6.8% in August, while comparable store front-end sales increased 4.8%. Customer traffic in comparable stores increased 2.5% and basket size increased 2.3%.

Walgreens said Hurricane Irene had no significant net effect on total sales.

New York City -- Centro Properties Group US announced that three Big Lots have joined its portfolio, encompassing 92,006 sq. ft. and bringing Big Lots’ total store count with Centro to 49 locations.

A 30,000-sq.-ft. Big Lots opened at Arapahoe Crossings, in Aurora, Colo.; a 28,000-sq.-ft. store opened at Lagniappe Village, in New Iberia, La.; and a 34,006-sq.-ft. lease has been executed with Big Lots at Panama City Square, located in Panama City, Fla.
 

So far so good. The third quarter at Target is off to a solid start as Target reported a 4.1% same-store sales increase that was squarely in the middle of the company’s guidance range, which called for an increase in the low to mid single digits.

New York City -- In the wake of the power outages caused by Hurricane Irene and other powerful summer storms, Price Chopper is reviewing its back–up plan and considering buying bigger generators, according to The Business Review.

To read the article, go to bizjournals.com/albany/morning_call/2011/09/more-bigger-generators-may-be-in.html
 

NEW YORK — Lord & Taylor unveiled a new concept called Lord & Taylor Home on Friday, at Fashion Center shopping center in Paramus, N.J.  A second location, in Shrewsbury, N.J., is expected to open in several weeks. Lord & Taylor is owned by NRDC Equity Partners, which also owns Canada’s Hudson Bay Co.