Skip to main content

Sales & Marketing

  • Westfield Old Orchard to launch world-first dining and green specialty food shopping venue

    Skokie, Ill. -- The Westfield Group announced that its Westfield Old Orchard shopping center in Skokie, Ill., will change dramatically with the addition of a culinary-focused dining and green food shopping venue slated to open in summer 2011.

    The new venue replaces the former food court, which closed on Sept. 1 to make way for the new development.

  • Qdoba to open two new restaurants in Pennsylvania

    Philadelphia -- Michael Salove Co., an X Team partner based in Center City Philadelphia, announced that it has completed two lease transactions in the Greater Philadelphia market with Qdoba Mexican Grill.

    Qdoba will open a 2,600-sq.-ft. unit in Providence Town Center in Collegeville, Pa. and will open a 2,300-sq.-ft. unit in Wynnewood Square in Wynnewood, Pa.

  • Golf Galaxy opens at Burlington Square

    Burlington, Mass. -- Centro Properties Group announced that Golf Galaxy has opened a 15,200-sq.-ft. store at Burlington Square, located in Burlington, Mass.

    New York City-based Centro Properties Group is the owner of Burlington Square.

  • Survey: Increased focus on real estate for retailers in 2011

    Chicago -- Jones Lang LaSalle, in a survey released Thursday, found that protecting and building the brand and driving responsible growth are the chief priorities of major retailers for 2011.

    The survey, conducted by Jones Lang LaSalle at its recent Retail Executive Forum event, also revealed that the retail industry is placing increasing importance on the value of real estate as a key component of its business and brand strategies for next year.

  • Lululemon athletica sales and profits soar in Q3

    Vancouver, British Columbia -- Yoga apparel retailer and manufacturer Lululemon athletica reported Thursday that net income for the quarter ended Oct. 31 rose to $25.7 million, compared with $14.1 million in the year-ago period.

    Net revenue surged 56% to $175.8 million, from $112.9 million. Same-store sales increased 29%.

    The company operates 134 stores in North America and Australia.

  • Neiman Marcus Q1 profit triples

    Dallas -- Neiman Marcus Group reported Thursday that profit for the quarter ended Oct. 30 tripled to $25.7 million, compared with $8.5 million in the year-ago period. The retailer cited more full-price selling, higher customer traffic and lower costs for the strong performance.

    The operator of its namesake and Bergdorf Goodman stores saw sales rise 6.7% to $927 million. Same-store sales increased 6.4% following a 14% plunge a year ago.

  • Duckwall-Alco loss widens in Q3

    Abilene, Kan. -- Duckwall-Alco Stores reported Friday that its loss for the quarter ended Oct. 31 widened from $1.4 million to $2 million.

    The small-town retailer also reported that revenue dropped 0.6% to $110.5 million. Same-store sales decreased 2.3%, which was an improvement over the second-quarter same-store sales drop of 7.2%.

  • Children’s Place taps Rhys Commercial for Connecticut expansion

    Stamford, Conn. -- Rhys Commercial announced that The Children’s Place has retained it to handle the retailer’s expansion across Connecticut.

    According to RHYS, which is actively seeking out locations in densely populated and well-trafficked markets throughout the state, The Children’s Place generally requires between 4,000 and 4,500 sq. ft. of space. The retailer is looking to open new stores in potential infill markets.

X
This ad will auto-close in 10 seconds