REAL ESTATE

Flying Tiger Copenhagen is expanding its footprint in the United States.   Known for its quirky, fun and ever-changing assortment of Danish-designed goods, the discounter is set to open on New York City's Upper West Side on Aug. 13. The 2,000-sq.-ft. store will be the brand's fourth location in the New York area.    

Macy’s Inc. announced that it will close 100 full-line namesake stores as part of a wider effort to improve its business and succeed in an omnichannel environment. The move comes after six straight quarters of declining same-store sales.      The department store giant said it plans to concentrate its resources on the best-performing locations, and to invest in those stores by adding new vendor shops, increasing the size and quality of staff and new technology.  

It’s official: The long-awaited Westfield World Trade Center in downtown Manhattan is finally ready to open its doors.   Likely to become of the city’s most visited retail destinations, the shopping center will celebrate its grand opening on Aug. 16. With 365,000 sq. ft. of retail space, it will feature more than 100 global and local fashion, beauty, lifestyle and technology brands.  

PizzaRev, the build-your-own pizza shop that has a franchising partnership with Buffalo Wild Wings, made its first foray into New England this week with the opening of a store in CambridgeSide Galleria in Boston.   Since joining forces with Buffalo Wild Wings in 2013, the fast-casual concept has expanded to more than 200 franchise locations. Its coverage had touched nearly all regions of the U.S. except for New England.  

Surmesur, a custom menswear retailer, has dropped anchor in the United States.    Surmesur, which blends traditional tailoring methods with technological innovation, recently opened its seventh store to date, and first in the United States, in Pittsburgh. It’s the first of several new stores the company plans to open in the coming months, including one in Chicago and other major centers both in the U.S. and in Canada.  

Three current franchisee groups will introduce a total of 17 new Dunkin’ Donuts shops to the Atlanta area following deals signed with Dunkin’ Brands. Four of the units will be co-branded with Baskin-Robbins.  

Just three months after its proposed acquisition by Staples ran into regulatory roadblocks, Office Depot unveiled its plans for the future as a standalone retailer.   In its second quarter financial filing, the chain announced it would close an additional 300 stores during the next three years, a move that is anticipated to help cut annual costs by some $250 million by the end of 2018. Office Depot is also planning to cut costs by reducing procurement and general and administrative costs.    

When the new L.L. Bean store opened at Lynnhaven Mall this summer, it did so to lines wrapped around the building as shoppers waited to see the state of Virginia’s third store for the outdoor retailer.   The 17,138-sq.-ft. store in Virginia Beach joins outposts in Richmond and Tysons Corner; it was designed by Cuhaci & Peterson in a former Lord & Taylor space which was renovated by KBE Building Corp.