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Supply Chain & Merchandising

  • 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.

  • Uniqlo may open 200 stores in the U.S. by 2020

    Yamaguchi City, Japan -- Fast Retailing Co. said Friday it aims to open at least 200 Uniqlo stores in the U.S. by 2020.

    Asia’s largest clothing chain said it seeks to raise sales sixfold in a decade.

    “The United States is one of the most important markets for us,” Shin Odake, CEO of Uniqlo’s U.S. unit, said in an interview with Bloomberg Television. “We want to become the number one retailer in the world.”

  • 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.

  • Marshalls opens at Springdale Mall

    Mobile, Ala. -- Centro Properties Group announced that Marshalls has opened a 26,000-sq.-ft. store at Springdale Mall, located in Mobile, Ala.

    New York City-based Centro Properties Group is the owner of Springdale Mall.

  • European Wax Center to open at Indian Springs Center

    The Woodlands, Texas -- Jacksonville, Fla.-based Regency Centers said it has leased retail space in The Woodlands, Texas, at Indian Springs Center to European Wax Center.

    Specializing in facial and body waxing, European Wax Center has leased 2,528 sq. ft., bringing the center to 99% leased. The tenant is slated to open for business in February 2011.

    The 136,624-sq.-ft. shopping center is anchored by H.E.B. alongside national retailers such as Subway, Edible Arrangements, Massage Envy and Supercuts.

  • Report: A&P to be considering bankruptcy

    Montvale, N.J. -- A report Friday said that Great Atlantic & Pacific Tea Co. may file for bankruptcy in the coming days to restructure debt.

    Citing unnamed sources, Bloomberg reported that a filing to reorganize under court protection may come as soon as this weekend. A&P hired law firm Kirkland & Ellis LLP to represent it in negotiations with creditors and in any Chapter 11 proceeding, according to the report.

  • Borders disappoints in Q3

    Ann Arbor, Mich. -- Borders Group posted sales of  $470.9 million for its third quarter ended Oct. 30, a decrease of 17.6% from the same period a year ago. Same-store sales declined by 12.6%.

    The company posted a loss from continuing operations in the third quarter of $74.4 million, versus a loss $37.7 million a year ago.

  • 7-Eleven continues aggressive growth with purchase of 183 ExxonMobile sites

    Dallas -- 7-Eleven has agreed to acquire ExxonMobil's retail interests in 183 Florida sites. The transaction, expected to close early in 2011, is subject to standard closing conditions and regulatory approvals. Terms of the deal were not disclosed.

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