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REAL ESTATE

  • DSW is edging closer to 500-store mark

    DSW Inc. says strong sales in the fourth quarter show that its growth strategy is working, and the retailer says it plans to open at least 34 new stores this year.

    For the fourth quarter ended Jan. 30, the company reported a profit of $11.8 million, or 14 cents a share, down from $30.8 million, or 34 cents a share, a year earlier. Revenue rose 5% to $672 million. Same-store sales increased 0.7%.

  • Saks Off 5th comes to Canada

    Less than a month after Hudson’s Bay Company brought Saks Fifth Avenue to Canadian shoppers, the company this month is opening the first of 25 planned Saks Off 5th stores.

    Three new Saks Off 5th stores are scheduled to open on March 17 in Vaughan Mills, Halton Hills and Niagara-on-the-Lake, Ontario. The openings will allow Canadians to experience the ultimate "thrill of the hunt" shopping that Saks Off 5th is renowned for, with access to the some of the best brands and fantastic finds, in a fun to shop store format,” according to the company.

  • Tech retailer pursues ‘broken’ opportunity with more stores

    American’s dependence on their devices – and their tendency to break – has given rise to a new breed of retailer that promises to get its customer back in the digital game fast.

    Carmel, Indiana-based uBreakiFix is on the move again in its home state with another new location in the Indianapolis market, its fourth in the area. UBreakiFix currently operates more than 170 stores after opening 63 locations last year. The fast-growing company expects to have 275 stores across North American by next year.

  • Nordstrom dazzles Hawaiians with new store

    Nordstrom has extended its special relationship with Hawaiians by opening a gem of a store in the Ala Moana Center in Honolulu.

    The three-level, 186,000 square-foot store features new interior and exterior design concepts, a full-service restaurant and bar, cocktail lounge, new departments and an enhanced beauty shopping experience. Nordstrom has operated in Hawaii for 50 years and the new store is a replacement for a store the retailer opened at the other end of the mall just eight years ago.

  • Ross continues expansion

    Ross Dress for Less has added three new locations to its growing portfolio.

    The retailer opened two 25,000-sq.-ft. stores in Wisconsin on March 5, including one in Milwaukee, at the Point Loomis Shopping Center. The second store is in Oshkosh, at the Market Fair Shopping Center.

    In addition, Ross opened a 30,000-sq.-ft. store in Fountain Valley, California, at the Costco Center. Including the new location, Ross now operates 276 stores in California, its largest state.

  • Men’s Wearhouse parent company to close 250 stores

    The company formerly known as Men’s Wearhouse plans to significantly reduce its physical presence this year by closing 250 stores, including more than 20% of the Jos. A. Bank stores acquired in 2014.

    The major reduction is selling space by the company which changed its name to Tailored Brands earlier this year was announced in conjunction with the release of weak fourth quarter results that were in line with previously released results, which showed Jos. A. Bank stores had 32% decline in same-store sales.

  • Publix expands in North Carolina

    Publix Super Markets is entering the eastern portion of the North Carolina market.

    Publix will be coming to Greenville Square, a 150,000-sq-ft center, formerly anchored by K Mart, which will be completely renovated with a new façade, parking lot, lighting package and landscaping. The 49,000-sq-ft Publix will open in 2017 along with several new national, regional, and local tenants.

    Brodyco is the developer for the partnership of David Brody, Hyman Brody, and Robert Beller, who purchased Greenville Square in 2005.

  • Checkers & Rally to use pre-screening tool for real estate location decisions

    Checkers Drive-In Restaurants is employing a high-tech solution to help it expand throughout the United States.

    The fast-casual chain has partnered with Buxton to identify growth opportunities for Checkers & Rally's restaurants. The company, which operates and franchises both Checkers and Rally's restaurants, currently has more than 800 locations nationwide.

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