Content about Company Location

July 30, 2014

The Kroger Co. Cincinnati/Dayton Division associates working at Kroger stores in metro and surrounding areas have ratified a new labor agreement with UFCW Local 75.

Cincinnati - The Kroger Co. Cincinnati/Dayton Division associates working at Kroger stores in metro and surrounding areas have ratified a new labor agreement with UFCW Local 75. It merges the formerly separate Cincinnati and Dayton contracts.

The contract covers 12,766 associates working in 76 stores in Cincinnati, and 4,945 associates working in 32 stores in Dayton.

July 28, 2014

Zappos has reportedly been testing a new mobile personal shopping assistant called “AskZappos” since June 2014.

Las Vegas – Zappos has reportedly been testing a new mobile personal shopping assistant called “AskZappos” since June 2014. According to CNet, AskZappos lets mobile shoppers send images and then locates the desired products as well as other recommended items on the Zappos site.

July 16, 2014

IBM and Apple have entered into a comprehensive partnership to spread advanced mobile and data analysis technology in the corporate world.

New York -- IBM and Apple have entered into a comprehensive partnership to spread advanced mobile and data analysis technology in the corporate world. The deal brings together two historic competitors.

July 16, 2014

Empire State Realty Trust, Inc. (ESRT), a New York-based real estate investment trust, has completed the acquisition of the ground and operating leases at 112 West 34th Street and the ground lease at 1400 Broadway for a total of approximately $734 million in cash, common stock and operating partnership units.

New York - Empire State Realty Trust, Inc. (ESRT), a New York-based real estate investment trust, has completed the acquisition of the ground and operating leases at 112 West 34th Street and the ground lease at 1400 Broadway for a total of approximately $734 million in cash, common stock and operating partnership units. 112 West 34th Street is a 26-story, 650,769-rentable-sq.-ft.office tower, with 92,455-sq.-ft. of retail space located in the 34th Street/Penn Station submarket.

July 14, 2014

CVS Caremark said Monday that it has agreed to buy the assets of Miami-based Navarro Discount Pharmacy, the largest Hispanic-owned drugstore chain in the U.S.

Woonsocket, R.I. — CVS Caremark said Monday that it has agreed to buy the assets of Miami-based Navarro Discount Pharmacy, the largest Hispanic-owned drug store chain in the U.S. The transaction includes Navarro's 33 retail drugstore locations and Navarro Health Services, a specialty pharmacy serving patients with complex or chronic diseases.

July 11, 2014

Winick Realty Group announced three new retail leases at 400 Broome Street, fronting Kenmare, Cleveland and Broome Streets in Manhattan’s Nolita neighborhood.

New York -- Winick Realty Group announced three new retail leases at 400 Broome Street, fronting Kenmare, Cleveland and Broome Streets in Manhattan’s Nolita neighborhood.

Aaron S. Fishbein and Darrell Rubens of Winick Realty Group represented landlord Coral Broome Street LLC as they repositioned and upgraded these ground-floor retail opportunities.

July 9, 2014

Lands’ End has brought on San Francisco-based Secret Sauce Partners to help improve the retailer’s online shopping experience.

Dodgeville, Wis. -- Lands’ End has brought on San Francisco-based Secret Sauce Partners to help improve the retailer’s online shopping experience.

Lands’ End has deployed Secret Sauce’s Fit Predictor service, which proactively finds a customer's best fit in seconds using existing data, without the need for physical measurements.  

July 7, 2014

PetSmart investor Longview Asset Management LLC, Chicago, has joined activist investor Jana Partners in calling for the retail chain to consider a sale.

New York – PetSmart investor Longview Asset Management LLC, Chicago, has joined activist investor Jana Partners in calling for the retail chain to consider a sale. Meanwhile, PetSmart said it was reviewing ways to return more cash to shareholders.

July 2, 2014

Hornig Capital Partners, a privately held New York City-based investment company, has combined in a joint venture with Hutensky Capital Partners of Hartford, Conn. to acquire the Golden Gate Shopping Center in Mayfield Heights, Ohio, in the greater Cleveland region.

NEW YORK — Hornig Capital Partners, a privately held New York City-based investment company, has combined in a joint venture with Hutensky Capital Partners of Hartford, Conn. to acquire the Golden Gate Shopping Center in Mayfield Heights, Ohio, in the greater Cleveland region. The joint venture purchased the property from Forest City Enterprises for $47,050,000, together with B&D Holdings, making it one of the largest single asset retail deals in the region during the past 24 months.

July 2, 2014

A storefront retail space in downtown Patchogue, New York, has secured leases totaling 7,400 sq. ft., according to North Plainfield, N.J.-based Levin Management.

Patchogue, N.Y. -- A storefront retail space in downtown Patchogue, New York, has secured leases totaling 7,400 sq. ft., according to North Plainfield, N.J.-based Levin Management.

The 23,000-sq.-ft. space at 35-71 South Ocean Ave. will feature sushi restaurant 360 Taiko Sushi & Lounge (4,900 sq. ft.) and apparel retailer Jeans Fashion (2,500 sq. ft.).

July 2, 2014

The Marcus Corp. announced that Sendik’s Food Market will open a 32,000-sq.-ft. grocery store at The Corners of Brookfield, an open-air town center development in the Town of Brookfield, Wisconsin.

Milwaukee -- The Marcus Corp. announced that Sendik’s Food Market will open a 32,000-sq.-ft. grocery store at The Corners of Brookfield, an open-air town center development in the Town of Brookfield, Wisconsin.

The Balistreri-owned and operated grocer will be located on the Bluemound Road side of the 19-acre site at the intersection of I-94, Barker Road and Bluemound Road at the main entrance to the shopping center.

July 1, 2014

Vestis Retail Group, made up of the East Coast-based Bob's Stores and Eastern Mountain Sports, has signed an agreement to acquire Los Angeles-based Sport Chalet.

Meriden, Conn. -- Vestis Retail Group, made up of the East Coast-based Bob's Stores and Eastern Mountain Sports, has signed an agreement to acquire Los Angeles-based Sport Chalet.

June 30, 2014

Players from 32 countries have poured into Brazil for a month-long contest of extraordinary soccer skill, known as the Copa do Mundo, the 2014 FIFA World Cup.

Players from 32 countries have poured into Brazil for a month-long contest of extraordinary soccer skill, known as the Copa do Mundo, the 2014 FIFA World Cup. Cheering them is expected to be a total of some 3.7 million fans and tourists, adding an astonishing $3.3 billion USD ($6.7 billion Brazilian Real) to this nation’s economy. According to Brazil’s Ministry of Tourism, the average foreign visitor will attend four Copa do Mundo matches and spend approximately $2,488 during their stay.

June 27, 2014

Rite Aid’s store in Beverly Hills, California, has completed a major remodel that reflects the latest evolution of the drugstore retailer’s “wellness store” format.

Rite Aid’s store in Beverly Hills, California, has completed a major remodel that reflects the latest evolution of the drugstore retailer’s “wellness store” format.  

June 25, 2014

Venetian Nail Spa has opened its 34th nationwide location at Kendall Village Center in Kendall, Florida.

Kendall, Fla. — Venetian Nail Spa has opened its 34th nationwide location at Kendall Village Center in Kendall, Florida. The 2,950-sq. ft. location between Lane Bryant and Famous Footwear brings the center’s occupancy rate to 99%.

Berkowitz Development Group represented the landlord, Kendall Village Associates, and completed the lease for the new tenant.

June 25, 2014

With buzz phrases like “omnichannel” and “customer disruption” dominating the retail conversation, landlords and tenants attending RECon 2014 in Las Vegas last May made it their mission to ensure that brick-and-mortar remains relevant. ­

June 24, 2014

Personalization, localization, interaction, “limited edition” retail and store experience. These are the top priorities — to varying degrees — for retailers as they look to bridge the divide between online and offline retail in the physical space. Here’s a look at how it plays out in three new stores:

June 24, 2014

Every few years, a new term enters the retail IT industry lexicon and takes firm root, even though nobody can provide an actual, definitive meaning. The latest phrase to capture the imagination of retail technology practitioners without a standard, widely accepted definition is “omnichannel commerce.” While it is generally understood that omnichannel commerce is the practice of serving customers across all available physical and digital channels, the details are still vague.

June 24, 2014

Data breaches are on the rise: Mounting an attack on retail systems has become increasingly attractive to attackers because malware can be delivered at very low cost, according to Mark Bower, VP product management and solutions, Voltage Security, a Cupertino, California, provider of data-centric encryption and tokenization.

“So it becomes very attractive to attackers to try and steal credit card and personal data they can monetize very quickly,” he added.

June 24, 2014

Customer experience: Poorly maintained stores cost sales and dilute the brand and customer experience. Not giving facilities the funding required to keep stores clean and in good condition will impact the bottom line in that customers will shop elsewhere. Today, more than ever, shoppers have high expectations regarding the look and feel of a store, and they also have many more options from which to choose. Dirty restrooms, stained flooring, burned-out lights, poor air conditioning and the like are proven customer turn-offs.

June 24, 2014

Understand the assets covered by your leases: Taken together, leases are more than just one of a chain’s largest costs — they are the largest fixed expense, and they are fixed for the long term. As a rule, individual leases average seven to 10 years.

“Understanding that is critical,” said Michael P. Glimcher, chairman and CEO, Glimcher Realty Trust, Columbus, Ohio. “For a cost so large, you should have a strong knowledge about the assets covered by your leases.”

June 18, 2014

Indoor retail mapping platform Aisle411 will provide indoor mapping services to Indianapolis-based Marsh Supermarkets.

St. Louis -- Indoor retail mapping platform Aisle411 will provide indoor mapping services to Indianapolis-based Marsh Supermarkets. The retailer seeks to improve the shopping experience for its customers by leveraging the navigation platform via its new Marsh App.

June 17, 2014

@WalmartLabs, the Silicon Valley-based tech R&D and innovation arm of Wal-Mart Stores, has acquired Stylr, a mobile fashion app that helps shoppers finds clothes in nearby stores.

San Bruno, Calif. -- @WalmartLabs, the Silicon Valley-based tech R&D and innovation arm of Wal-Mart Stores, has acquired Stylr, a mobile fashion app that helps shoppers finds clothes in nearby stores. Terms of the deal were not disclosed.

Stylr is @WalmartLabs' 13th acquisition in the past three years.

Stylr will be shut down and removed from the iTunes App Store by the end of the month. Wal-Mart's own mobile app won't run Stylr, but the newly acquired technology will be used to develop future mobile innovations.

June 13, 2014

link Fitness has leased a 15,000-sq.-ft. location at the 80,000-sq.-ft. Clifton Plaza shopping center in Clifton, N.J.

Clifton, N.J. — Blink Fitness has leased a 15,000-sq.-ft. location at the 80,000-sq.-ft. Clifton Plaza shopping center in Clifton, N.J., according to Levin Management (www.levinmgt.com), the property’s managing and leasing agent.

Co-anchored by a 24,000-sq.-ft. Big Lots and a 14,000-sq.-ft. Dollar Tree, Clifton Plaza’s tenant roster includes GameStop, Radio Shack, Angel Tip Nails & Spa, Bruno’s Pizza, Sally Beauty Supply and Valley National Bank.

June 12, 2014

In mid- May, over 30,000 professionals from the shopping center industry gathered in Las Vegas for the ICSC’s annual RECon event.

By Jules Polonetsky, executive director, Future of Privacy Forum

In mid- May, over 30,000 professionals from the shopping center industry gathered in Las Vegas for the ICSC’s annual RECon event.

In addition to discussing leasing and the state of the retail market, for the first the first time a new topic was on the agenda – consumer privacy.