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Sales & Marketing

  • Tommy Bahama to make Manhattan debut

    New York -- Tommy Bahama will open its first New York City location in October.

    Dubbed the Tommy Bahama “Manhattan Island,” the 8,500-sq.-ft. store will also include a bar and restaurant. It will be located in an Art Deco building on Fifth Avenue at 45th Street.

  • Increases in traffic, ticket drive up Cost Plus comps

    OAKLAND, Calif. — Increased cutomer traffic and average ticket, helped drive comps at Cost Plus up 7.6% for the fourth quarter of 2011 on top of a 7.7% increase from the fourth quarter of last year. The company reported that net sales for the quarter were $364.3 million, a 6.7% increase compared with $341.6 million for the fourth quarter of last year. 

  • Saks’ Off 5th reopening in new center

    New York -- Saks Fifth Avenue Off 5th announced that it plans to reopen its Nashville, Tenn., store on March 29.

    Located next to the Grand Ole Opry House, the approximate 27,500-sq.-ft. store will be located in the Opry Mills Shopping Center. Operated by Simon Malls, upon completion, the center will be the largest shopping outlet in Tennessee, with over 200 stores, multiple restaurants and an in-house movie theater.

    The reopening marks Saks Fifth Avenue Off 5th’s return to Opry Mills after it was closed by floods in May 2010.

  • Lululemon Q4 profit up 34.2%; same-store sales jump 26%

    New York --  Lululemon Athletica Inc.’s income rose 34.2% to $73.5 million for the three months ended Jan. 29, from $54.8 million in the year ago period.

    Revenue in the fourth quarter was up 51.4% to $371.5 million, from $245.4 million. Same-store sales increased 26%.

    For the year, sales rose 40.6% to $1 billion. Profits were up 51.1% to $184.1 million.
     

  • Mid-City Market breaks ground in New Orleans

    New Orleans -- Covington, La.-based Stirling Properties announced that urban shopping center development Mid-City Market has broken ground in New Orleans, along the North Carrollton Avenue commercial corridor.
     
    Opening in early 2013, Mid-City Market will complement the proposed Lafitte Greenway pedestrian and bicycle pathway that will border the shopping center.  

  • Saks reopens Off 5th store in Nashville

    NEW YORK — Closed by floods in May 2010, the Saks Fifth Avenue Off 5th at Opry Mills in Nashville, Tenn., will reopen on March 29.

    Located next to the Grand Ole Opry House, the approximate 27,500-sq.-ft. store will be located in the Opry Mills Shopping Center. Operated by Simon Malls, upon completion, the center will be the largest shopping outlet in Tennessee, with over 200 stores, multiple restaurants and an in-house movie theater.

  • Rising gas prices and the great traffic debate

    Surging gas prices this spring could jeopardize Walmart’s tenuous same-store sales recovery as consumers have less disposable income and opt to shop at outlets closer to home. At least that was how the situation played out in the recent past when gas prices surged above $4. Are things different now?

  • First enclosed mall to open in six years officially debuts in Utah

    Bloomfield Hills, Mich. -- Taubman Centers on Thursday announced the opening of City Creek Center in Salt Lake City, Utah. Thousands of visitors attended the grand opening of the only regional shopping center to open in the United States this year. 

    According to the International Council of Shopping Centers, City Creek Center is the first enclosed regional shopping center to open in the United States in six years.

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