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Sales & Marketing

  • Elevation Burger opens at Moorestown Mall

    Moorestown, N.J. -- Philadelphia-based Pennsylvania Real Estate Investment Trust (PREIT) said that Elevation Burger has opened a 2,245-sq.-ft. restaurant at Moorestown Mall, located in Moorestown, N.J.

    The casual eatery is located next to Bistro Express, with both a mall entrance and an outside entrance, and is a market first for the concept.

    Another new concept to South Jersey also recently opened at Moorestown Mall -- Bubby’s Brisket. The 1,017-sq.-ft. restaurant is located in Moorestown Mall’s Food Court.

  • PetSmart’s Q4 earnings up 20%

    Phoenix -- PetSmart's fourth-quarter net income rose 20%, helped by more customer transactions and a strong holiday season.

    The chain's net income rose to $90.3 million from $75 million in the same period last year. Revenue rose 8% to $1.52 billion. Same-store sales were up 6.3 %.

    For the year, net income increased 21% to $239.9 million. Revenue rose 6% to $5.04 billion.

  • High rent, wrong use?

    By Jason S. Baker

  • Publix comps up in Q4 and FY

    LAKELAND, Fla. -- Publix Tuesday reported fourth-quarter sales of $6.4 billion, a 4.4% increase from last year’s $6.1 billion. Comparable-store sales for the fourth quarter of 2010 increased 3.2%.

    Net earnings for the fourth quarter of 2010 were $342.1 million, compared with $284.2 million in 2009, an increase of 20.4%. Earnings per share for the fourth quarter increased to 44 cents for 2010, up from 36 cents per share in 2009.

  • Report Details Retail and Restaurant Expansion Plans

    Retailer demand for new locations is up across the board, according to ChainLinks Retail Advisors’ just-released National Retailer and Restaurant Expansion Guide. The report details the current expansion plans for hundreds of the largest U.S. retail and restaurant chains.

    “As 2010 came to a close, growth plans were up 30% from the levels we recorded last year,” said ChainLinks’ research director, Garrick Brown,/ Right now, expansion plans are up 40% over last year’s levels.”

  • Ralphs announces charitable campaign to benefit children's hospitals

    LOS ANGELES — A Kroger banner based in Los Angeles has kicked off a charitable campaign to benefit children's hospitals based in Southern California.

    Ralphs on Monday said it is raising funds through its nonprofit, The Ralphs Fund, by asking customers and associates to donate their spare change in collection canisters located at Ralphs checkout stands.

    Southern California children's hospitals that will benefit from the charitable fundraising drive include:

    Children's Hospital of Orange County;

    Children's Hospital of Los Angeles;

  • Woolbright names accounting exec

    Boca Raton, Fla. -- Woolbright Development announced that it has appointed Geoff Higginbotham as director of accounting.

    Higginbotham is responsible for the monthly, quarterly and annual financial reporting for the company’s wholly owned assets and partnerships. He was previously corporate controller for Turnberry Associates in Aventura, Fla.

  • Apparel industry joins forces to promote sustainability

    VENTURA, Calif. -- The apparel industry has come together to form a coalition dedicated to reducing the environmental and social impacts of apparel and footwear products sold around the world. According to a press release, the group, to be known as the Sustainable Apparel Coalition will consist of leading apparel and footwear brands, retailers, manufacturers, non-governmental organizations (NGOs), academic experts and the U.S. Environmental Protection Agency.  

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