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Heritage Plaza, Irvine, Calif.
The country’s largest Japanese supermarket chain will debut at Heritage Plaza, in Irvine, Calif.
According to shopping center owner Regency Center, based in Jacksonville, Fla., it has leased 13,853 sq. ft. at Heritage Plaza to Mitsuwa Marketplace. The Asian grocer, which has eight other U.S. locations, including six in California, is slated to open in fourth quarter 2011, in a former Ace Hardware space.
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No double dip here, Target’s comps solid
MINNEAPOLIS - The 4.5% increase in same-store sales Target reported for June was at the high end of the company’s expectations and came on top of a prior year increase of 1.7%. The gain was driven primarily by an increase in average transaction size while growth in the overall volume of transactions appeared to moderate somewhat.
Target chairman, president and CEO Gregg Steinhafel said he was very pleased with the company’s performance at the upper end of a guidance range that called for a low-to-mid single-digit improvement.