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Rue21 Q4 income up, will open 110 stores in 2011
Pittsburgh -- Teen retailer rue21 said that its fourth quarter net income increased 41% to $10.9 million from $7.7 million in the year-ago period. Net sales for the quarter increased 22.3% to $190.1 million, from $155.4 million. Same-store sales rose 1.5%.
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Regency opens three new developments in Colorado and North Carolina
Jacksonville, Fla. -- Regency Centers announced that it has opened three new grocery-anchored shopping centers totaling 263,000 sq. ft. over a 30-day period.
The centers -- Market at Colonnade in Raleigh, N.C., Harris Crossing in Wake Forest, N.C. and NorthGate Village in Greeley, Colo. – represent a combined investment of $41 million.
Market at Colonnade is a 57,503-sq.-ft. neighborhood center anchored by Whole Foods Market and includes 17,503 sq .ft. of additional retail space. Whole Foods Market opened March 16.