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REAL ESTATE

  • Is Primark the Next Big Thing?

    Over the past 15 years or so, fast-fashion has evolved from a trend to a phenomenon to an industry standard, one that has largely redefined the U.S. apparel retailing landscape.

    From home-grown Forever 21 to Swedish import H&M, the market is awash in stores offering cheap, on-trend clothes at low prices. Most recently another import entered the mix, Primark, which opened its first U.S. store in September, in Boston, the first of eight announced locations.

  • Tommy Bahama says Aloha to Waikiki with elaborate flagship

    Tommy Bahama has brought its combination retail and dining format to Honolulu's beachfront neighborhood of Waikiki.

  • Phillips Edison acquires six grocery-anchored shopping centers

    Cincinnati -- Phillips Edison Grocery Center REIT II, Inc. expanded its portfolio in California, Wisconsin and Florida, with the acquisition of six grocery-anchored shopping centers. They include:

    Moreno Marketplace in Moreno Valley, California

  • Big new Victoria’s Secret flagship in the works

    Another larger-than-life retail showcase is coming to the Big Apple.

    Victoria’s Secret plans to open a 64,000-sq.-ft. store on the corner of Fifth Avenue and 51st Street. The space was formerly occupied by Forever 21, which moved out after just seven months of operation.

    “It’s a very big deal from a brand standpoint,” Stuart Burgdoefer, CFO, L Brands, parent of Victoria’s Secret, said at the company’s annual investor conference.

  • Santa sets up interactive shop at 10 Macerich malls

    Holiday shoppers are in for an interactive treat when they visit Macerich malls this holiday season.

    HGTV’s interactive “Santa HQ” returns Nov. 5 through Christmas Eve, Dec. 24, to spread holiday cheer to guests of all ages with a 21st century take on the traditional Santa Claus experience.

  • Saks Fifth Avenue’s holiday windows to provide lighting extravaganza

    Saks Fifth Avenue’s holiday windows are an annual tradition in Manhattan, and the retailer keeps upping the ante.

    Saks will unveil its windows on Nov. 23, and the display promise to light up the night. The retailer will transform its windows with a “Winter Place” theme, complete with a state-of-the-art light show featuring three-dimensional elements on the front facade of the iconic store, including towering light icicles, crystal palace spires, and snowy magnolia arches.

  • Find out which stores Target is closing next year

    Target is taking steps to right-size its portfolio by closing 13 money-losing stores on Jan. 30, according to a report from the Minneapolis St. Paul Business Journal. The decision to close a Target store is not made lightly,” spokesperson Kristy Welker told the publication. “We typically decide to close a store after careful consideration of the long-term financial performance of a particular location.

  • Godiva opens in New York’s largest department store

    Godiva Chocolatier has opened an in-store boutique in Macy’s Herald Square flagship in Manhattan.

    Shoppers can create their own bespoke assortment of chocolates in the shop, which is accented with the brand’s signature gold throughout. The boutique features the largest chocolate case in North America. It’s also the first to include a large communal table, complimented by café seating.

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