Retail Execution

Circuit City is reportedly getting closer to a relaunch.   The new owner of the defunct consumer electronics chain is currently working with brokers from CBRE to open a 6,000-sq.-ft. to 9,000-sq.-ft. prototype store in Dallas, reported consumer electronics industry publication Twice.     The relaunched business will also include a dedicated e-commerce site, as well as a presence on digital marketplaces such as Amazon.    

Brookstone has retained New York-based RCS Real Estate Advisors to operate as the retailer’s outsourced real estate department.    Brookstone operates 218 stores across the United States and Puerto Rico in shopping malls, airports and other locations.   

The nation’s highest-profile electric car-marker is taking an unusual route to get its product out in front of potential customers.

The Marketplace Mall located in the Henrietta area of Rochester, New York, will convert to an outlet center.     The mall will undergo capital improvements, remerchandising of the retail mix, and will be rebranded as Marketplace Outlets. This is a first-of-its-kind full conversion of an enclosed regional mall to an outlet center.   

The 95-year old co-founder of the North Carolina-based supermarket chain that became Food Lion has died at the age of 95.
 
Ralph Ketner and two others in 1957 founded Food Town, which changed its name to Food Lion in 1982.  

American Apparel is providing store managers with new insight into traffic and conversion so they can better perform staffing.

The specialty apparel chain is deploying StoreForce across all of its 202 stores in 19 countries. The solution allows managers to schedule store associates based on traffic patterns. It also delivers real-time performance metrics such as conversion rates. This allows managers to react to real-time opportunities to drive sales.

Empire Outlets is New York City’s first and only outlet center so it was only fitting that a contract related to the major project was consummated at the retail real estate industry’s biggest show.
 

Tiffany & Co. missed Wall Street expectations for profit and revenue in a lackluster start to fiscal 2016, but still plans to open 11 new stores worldwide.

The retailer reported net earnings of $87 million during the first quarter, down 17% from $105 million the same period a year earlier. Lower gross profit and higher selling, general and administrative (SG&A) expenses drove the reduction in profit.