News

Lake Nona moves into next phase of development
In Orlando, Florida, one of America’s fastest-growing communities is getting ready to take the next step. Lake Nona – an 8,000-acre, 11-square-mile master-planned community that has already completed more than $3 billion in construction encompassing 7.1 million sq. ft. of world-class residential and commercial facilities over the last 8 years – is moving forward with the next phase of what will ultimately be a 3.8 million-sq.-ft. central commercial district: Lake Nona Town Center.
Specialty retailer has tasty offerings in store
Fabulous Freddy’s, an eight-unit retail chain headquartered in Las Vegas, provides customers with a little bit of everything. “We’re a full-service car wash, express lube operation, gas station and convenience store,” said Jeff Warwick, VP and CFO of Fabulous Freddy’s, during an interview with Chain Store Age. “We’re always exploring opportunities to lease store space to franchises or operate in-store franchises ourselves.”

Another online retailer tries offline space

Minted, the online marketplace for crowdsourced stationery, art and home decor from independent artists, has opened its first brick-and-mortar store. The store, a pop-up in San Francisco’s Union Square shopping district, is called Minted Local. Open through October 2016, it will highlight the work of regional California artists, including original art and one-of-a-kind decorative items for the first time in Minted’s history.
Tech Bytes: Three Supply Chain Lessons from Momentum 2016

The recent Momentum 2016 conference held by Manhattan Associates in Orlando, Florida, was a great opportunity to catch up on the latest developments in supply chain solutions and strategies. Here are three especially important retail supply chain trends uncovered and explained at the event: Supply chain is key to omnichannel
Grandview Yard retail expands

Columbus, Ohio-based Nationwide Realty Investors’ $650 million Grandview Yard development has consistently been in the news over the past several years, as prominent components of the mixed-use project continue to fall into place and new buildings come online.
Mixed bag for Hibbett Sports

Hibbett Sports beat the Street on profit in the first quarter, but missed on sales. The retailer on Friday reported better-than-expected first-quarter earnings of $27.9 million, compared with $27.4 million in the year-ago period. Revenue for the quarter ended April 30 totaled $282.1 million, up from $269.8 million last year. Comparable store sales increased 1.1%.
Solid Q1 for men’s apparel retailer

Big and tall men continued to spend in the first quarter, bucking slow apparel sales throughout the rest of the industry. Destination XL Group Inc. posted revenue of $107.9 million in the quarter, up 3.3% from $104.4 million in the year-ago period. Total same-store sales rose 2%.
Innovative retail concept combines offline and online at the mall

Off-price retailer Century 21 will make its West Coast debut in a most unusual way — taking over a high-tech, high-touch “smart” store for six weeks.
Foot Locker profits hit new heights in Q1; sales miss

Foot Locker Inc. saw net income reaching unprecedented levels during the first quarter of fiscal 2016, although sales growth missed Wall Street expectations. Net income rose 4% to $191 million, from $184 million. Higher pretax income offset a slight increase in income tax expense, resulting in the profit boost. Sales also climbed 4% to $1.99 billion, from $1.92 billion. Same-store sales rose 2.9%.
Three Supply Chain Lessons from Momentum 2016

The recent Momentum 2016 conference held by Manhattan Associates in Orlando, Florida, was a great opportunity to catch up on the latest developments in supply chain solutions and strategies. Here are three especially important retail supply chain trends uncovered and explained at the event: Supply chain is key to omnichannel