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REAL ESTATE

  • Now Trending: Reflecting on Macy’s store closures

    When Macy’s announced in early September that it planned to close between 35 and 40 underperforming stores, the move certainly made headlines. Unfortunately for Macy’s, it also made sense. Because, as most analysts and industry observers can attest, it only reaffirmed a storyline that has been developing for many years now: department stores are in trouble.

  • SPECS Profile: Randy Pannell, VP Construction, Saks Fifth Avenue

    Twenty-three year SPECS attendee Randy Pannell, VP of construction for Saks Fifth Avenue, shares his thoughts on SPECS, Chain Store Age’s annual store planning/construction and facilities conference, which will be held March 13-15, 2016, in Dallas. For more on the event, click here.

    Why do you attend SPECS each year?
    To be honest, in the early years, SPECS was really just a trade show to me. But I soon realized that it was more than that. It really worked!

  • French retailer ready for U.S. pillow fight

    There’s an artsy home linens player in town, and comes complete with a French accent.

    French home décor and lifestyle brand Madura, best known for its artful and colorful decorative pillows, has opened a flagship in New York City’s Flatiron neighborhood. It’s the opening salvo in the family-run company’s expansion efforts in the United States.

  • Ross Dress for Less expands in Florida

    Ross Dress for Less will open a new store in West Pembroke Pines, Florida, on Oct. 10.

    The 26,000-sq.-ft. store is located in Westfork Plaza.

    With this new location, Ross will operate 153 stores in Florida. The opening is part of the retailer’s 2015 expansion program, totaling approximately 70 new locations during the year.

  • Ross Dress for Less opens new Virginia store Oct. 10

    Ross Dress for Less will open a new store in Dulles Landing, Virginia on Oct. 10.

    The 25,000-sq.-ft. store is located in the Dulles Landing Shopping Center, adjacent to the Washington-Dulles International Airport.

    The opening is part of the retailer’s 2015 expansion program, totaling approximately 70 new locations during the year.

  • Global retailer slowing down U.S. expansion

    Did Japanese retailer Uniqlo miscalculate its appeal to American shoppers?

    The company, a division of Fast Retailing, is moving into the slow lane with regards to its U.S. expansion. Uniqlo now plans to open only five U.S. locations in its current fiscal year, which began on September 1, 2015, after opening 17 in its most recently completed year.

    Uniqlo, which has more than 1,600 stores worldwide, operates 43 stores across the United States.

  • GGP launches first-ever marketplace in San Francisco

    San Francisco -- General Growth Properties announced the launch of the first-ever marketplace at Stonestown Galleria’s in San Francisco. The marketplace is a partnership with SFMade, a California 501(c)(3) non-profit corporation that promotes goods and services manufactured, designed and produced in the Bay Area.

  • A fresh new look for A&P

    The Stop & Shop division of Ahold hopes to excite food shoppers in the New York area by bringing its brand of retail to 25 tired stores it acquired from A&P.

    Stop & Shop completed its acquisition of the A&P stores on Oct. 8 and said it plans to convert the locations in groups of five with the entire process completed by Friday, Nov. 13. Store being converted will close for roughly seven days to allow crews to complete the process.

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