Supply Chain & Merchandising

Wilkes-Barre, Pa. -- Metro Commercial announced that it has inked a new lease for Banana Republic Outlet at Arena Hub Plaza, located in Wilkes-Barre, Pa.

The new, 7,380-sq.-ft. store is slated to open in fall 2011. Other tenants in the 524,000-sq.-ft. power center include Lowe’s, Best Buy and PetSmart.

Miami Beach, Fla. -- Terranova Corp. announced it has been awarded new leasing assignments for two south Florida strip centers.
       
Piper’s Glen Shopping Center in Boynton Beach and Shoppes of Ives Dairy in Miami Gardens have been added to the Terranova leasing portfolio, effective immediately.

PITTSBURGH — Giant Eagle is celebrating its locally and regionally grown produce with a new multimedia video.

The retailer said that it is taking several steps to educate consumers on which fruits and vegetables at their peak season throughout the year and is further relaying this message through its multimedia video, which can be viewed on Giant Eagle's website.

Rockville, Md. — Mike Jackson was named to the board of directors of iControl Systems USA where he will also serve in the capacity of senior advisor to iControl president and CEO Tal Zlotnitsky. Jackson is a 30-year veteran of Supervalu veteran who retired from the company in late 2009 as president and COO.

New York City -- Winick Realty Group said that An Pure Spa, an upscale nail and day spa, has leased its first New York City location at 207 Ninth Avenue.
       
The 1,965-sq.-ft. ground-floor space is accompanied by a 1,965-sq.-ft. basement.

Boston -- Clothing and accessories retailer Metro Park has filed for bankruptcy and is closing all 69 stores nationwide.

The store closings and liquidations begin on May 6. Gordon Bros. Group and Hilco Merchant Resources are running the going-out-of business sales for the retailer.

Based in Los Angeles, Metro Park was founded in 2000. Specializing in upscale trendy fashions, Metro Park has been feeling the heat of increased competition from such fast-fashion retailers as H&M.
 

MEMPHIS, Tenn. — Fred's on Thursday tallied $141.8 million in sales, representing an increase of 3% for the four weeks ended April 30, the retailer reported Thursday.

Comparable-store sales for the month rose 1.8%, versus an increase of 0.6% in the same period last year. Likewise,  Fred's total sales for the first three months of fiscal 2011 increased 3% to $484.4 million.

MINNEAPOLIS -- Supervalu announced that it will source 100% of its top 20 wild-caught seafood products from sustainable fisheries or those on a clear pathway to sustainability by 2015. Specifically, these products will be certified from Marine Stewardship Council (MSC) fisheries, in full assessment, or involved in a Fishery Improvement Project with World Wildlife Fund (WWF) by 2015, the company reported.