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REAL ESTATE

  • Topshop eyes 10 more U.S. locations

    New York -- Britain’s Topshop is planning on increasing its U.S. presence. The fashion chain plans to open 10 additional stores in the United Stores over the next two years, according to the New York Daily News.
       
    There are currently four U.S. Topshop stores, with the most recent being a flagship at The Grove in Los Angeles. The 25,000-sq.-ft. store carries the retailer's full range, including its Topman brand for men.

     

  • Corner Bakery targets Boston for expansion

    Dallas -- Corner Bakery Café said Wednesday it plans to open 18 restaurants in the Boston area, joining under-development markets in neighboring Connecticut, Rhode Island, New York, New Jersey and Pennsylvania.

    The bakery-café concept is targeting its growth through franchising deals with restaurant pros capable of opening multiple units. Corner Bakery has set a goal of doubling its current U.S. footprint of 147 locations by the end of 2015.

     

  • Red Mango to develop stores in Central America

    Dallas -- Red Mango said Wednesday it has secured an area development agreement to expand the yogurt chain to Central America.

    El Salvador-based Nutrisal will open its first store in San Salvador next month at Plaza Santa Elena. Total unit development plans were not announced.

     

  • Ikea’s Miami-Dade store on track for summer 2014 opening

    Conshohocken, Pa. -- Ikea said Wednesday that contractors have been hired and a building permit is pending for its future Miami-Dade store in Sweetwater, Fla., putting the home furnishings retailer on track for a groundbreaking in 60 days and a summer 2014 opening date.

  • Sport Clips to make Canadian debut; plans 200 stores in 10 years

    Georgetown, Texas -- Sport Clips Haircuts announced Wednesday that it will open its first store in Canada on March 1.

    The Burlington, Ontario, franchised location is the first of three planned for the city by master franchisor Sport Clips Canada.
     
    In addition to Burlington, Sport Clips Canada currently has 26 stores under contract to open throughout Ontario and British Columbia. Sport Clips Canada said it plans to open 50 stores within the next three years, 100 stores in five years and 200 stores in 10 years.

     

  • PGA Tour Superstore to open in Irvine, Calif.

    Roswell, Ga. -- PGA Tour Superstore will open its second store on the West Coast, a 50,000-sq.ft, location in Irvine, Calif., later this year.

    "We are excited to be expanding into Southern California, which encompasses one of the nation's most renowned golf areas in the country," said PGA Tour Superstore president and CEO Dick Sullivan.

    With the addition of this store, the number of PGA Tour Superstores will increase nationwide to 17.

  • Ralph Lauren's Denim & Supply format to make U.S. debut in New York City

    New York -- Ralph Lauren Corp. will debut its Denim & Supply retail banner in the United States, opening a store in New York City this spring, according to WWD.com. It will be the first freestanding U.S. location for the brand, which features affordable price points.  

  • Saks to close Stamford, Conn., store

    New York -- Saks Inc. announced Friday that it plans to close its Saks Fifth Avenue store located in Stamford Town Center in Stamford, Conn., in early 2014.

    The shuttering is part of the department store chain’s continued right-sizing strategy. “We routinely evaluate the productivity, profitability, and potential of each of our store locations,” said Steve Sadove, CEO. “This planned closing is consistent with our strategy of utilizing our resources in our most productive Saks Fifth Avenue stores.”

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