REAL ESTATE

Nordstrom Rack planned for La Jolia, California
Seattle -- Nordstrom plans to further expand its San Diego County presence with the addition of a Nordstrom Rack at The Shops at La Jolla Village in La Jolla, California.

The approximately 32,000-sq.-ft. store is scheduled to open in fall 2016. The property is owned by Alecta Real Estate USA, LLC. When it opens, it will be the fifth Nordstrom Rack in the San Diego area and about one mile west of Nordstrom at University Towne Centre.
Disney opens its largest store in the world, in Shanghai
Shanghai -- Disney Store has opened its first store — and largest store to date — in Shanghai, China. With 9,257 sq. ft. of shopping space, the flagship also features an outdoor plaza.

The store has numerous design features unique to Shanghai, which include:

• A Disney Magic Kingdom Castle, measuring 19 ft. high at the heart of the store, featuring an hourly musical and projection show;

H&M opens largest store to date, 63,000-sq.-ft. space in Manhattan’s Herald Square

New York -- Swedish fast-fashion giant Hennes & Maurtiz AB (H&M) on Wednesday unwrapped its largest store in the world, in New York City’s Herald Square. The 63,000-sq.- store, which is located across from Macy’s, has a custom illuminated store front that wraps around 33rd Street, 34th Street and 6th Avenue. It is the retailer’s 13th store in New York City.
Kohl’s confirms test of off-price store in Cherry Hill, New Jersey

Menomonee Falls, Wis. -- Kohl’s Corp. confirmed reports that it will soon begin testing a highly discounted format, called "Off Aisle by Kohl’s,” with a store set to open in early June in Cherry Hill, New Jersey.
American Eagle expands globally; will open 40 stores in 2015

Pittsburgh - American Eagle Outfitters Inc. continues its global expansion with new license agreements in South Korea with SK Networks Co. Ltd.; in Singapore with Trendz 360 Pte. Ltd.; and in Greece with Notos Com Holdings S.A. Stores will begin opening in mid-2015, and American Eagle currently expects to open approximately 40 licensed stores in fiscal 2015
Kohl’s prepares to go ‘off aisle’ with new format

Menomonee Falls, Wis. - Kohl’s Corp. is preparing to open a store in southern New Jersey called "Off Aisle by Kohl's," a name that suggests the company may be following the lead of other retailers opening off-price formats.
Report: Restoration Hardware to open largest U.S. store in Las Vegas

Corte Madera, Calif. - RH (Restoration Hardware Holdings Inc.) is reportedly planning to open a more than 70,000-sq.-ft. RH Gallery format store at the Tivoli Village upscale shopping center in Las Vegas. According to the Las Vegas Review Journal, the store would be the largest Restoration Hardware location in the U.S.
Walt Disney World resort to offer a variety of shopping, dining options

Lake Buena Vista, Fla. – Coming soon in Technicolor Walt Disney World resort will offer a slew of new shopping and dining options. Retailers including Zara, Tommy Bahama, Lilly Pulitzer, Uniqlo and Pandora are the latest to sign on as Downtown Disney continues its expansion into Disney Springs at Walt Disney World Resort.
Wal-Mart to open Neighborhood Market in Virginia center

Bentonville, Ark. – Wal-Mart Stores Inc. has signed a 42,000-sq.-ft. lease to open a Neighborhood Market at Nor-Dan Shopping Center in Danville, Virginia. The store is planned to open in 2016 and will employ approximately 95 people.

Nor-Dan Shopping Center is a 161,428-sq.-ft. community center anchored by Big Lots and It's Fashion Metro, operated by Phillips Edison & Co.
RH names real estate chief

Corte Madera, Calif. - David Stanchak has joined RH (Restoration Hardware Holdings Inc.) as chief real estate and development officer, effective immediately. In this newly created position, Stanchak will be leading the transformation of RH’s current legacy galleries into next generation Design Galleries, with responsibility for the company's real estate and store development efforts.

Stanchak will report to RH’s chairman and CEO Gary Friedman, and serve as a member of the company’s executive leadership team.