Sales & Marketing

Seattle -- Nordstrom announced that it plans to relocate its Nordstrom Rack at Promenade at Howard Hughes Center in Los Angeles to Westfield Culver City in Culver City, Calif.

Centerville, Ga. -- Jones Lang LaSalle announced that Gemini Real Estate Advisors has awarded the firm the leasing and management of Houston County Galleria, a 483,893-sq.-ft. regional shopping center located in Centerville, Ga., and anchored by Belk, J.C. Penney and Sears.

Jana Reeves will continue on as the center’s general manager, said Jones Lang LaSalle.
 

DEERFIELD, Ill. — Walgreens has formally set up a new company, jointly owned with Alliance Boots, as part of their strategic partnership’s synergy program.

The new company, called Walgreens Boots Alliance Development, will be based in Bern, Switzerland.

No other details were released.

Washington -- The National Retail Federation and more than a dozen of the nation’s most prominent retailers today asked a judge to reject a proposed class-action settlement of a federal antitrust lawsuit, saying it would not bring credit card swipe fees charged by Visa and MasterCard under control and does not give retailers who oppose it an adequate mechanism to opt out.

Alameda, Calif. -- Jamestown L.P., which owns Alameda (Calif.) South Shore Center, said that Go! Calendars/Go! Games has signed a four-month lease for a 2,356-sq. ft. space, beginning Oct. 1.

The company operates a year-round online store, but opens approximately 1,000 storefronts in malls during the holiday season.

The 594,000-sq.-ft., open-air Alameda South Shore Center offers a pop-up leasing strategy to accommodate temporary tenants, including Go! Calendars/Go! Games and, most recently, Pedal Beach, a beach rental and supply store.

BURLINGTON, N.J. — Burlington Coat Factory Warehouse reported that net sales for the third quarter ended Oct. 27 were $967.8 million compared with $898.7 million for the comparative period ended Oct. 29, 2011, a 7.7% increase. Comparative-store sales increased 2.1% for the quarter.

New York -- The TJX Cos. turned in the strongest performance among the discounters in October, reporting a 7% comp sales increase on Thursday.

According to TJX CEO Carol Meyrowitz, the above-plan performance has prompted the retailer to raise its outlook for the third quarter and full year. “We believe the momentum we are seeing in all of our businesses … bode well for the holiday selling season,” she said.

TJX sales for the period advanced 11% to $2.1 billion.

City of Industry, Calif. -- On the heels of its Wednesday report that the company gained just 0.2% in October same-store sales, Hot Topic Inc. also announced plans to test a new store that will specialize in dark, edgy lingerie.

Called Blackheart, the concept will target the company’s core teen customer and will debut with five stores in southern California and Texas malls as well as online offerings beginning in mid-November.