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April 25, 2013

Douglas Development acquired mixed-use building

Douglas Development announced that it has purchased a new mixed-use property in Chinatown DC.

Washington, D.C. -- Douglas Development announced that it has purchased a new mixed-use property in Chinatown DC. The 10,000-sq.-ft. building includes three levels of office space and 4,000 sq. ft. of street-level retail.

Douglas Development acquired the property from Washington, D.C.-based law firm Wingfield & Ginsburg, which has since leased back all of the office space from Douglas Development.

April 1, 2013

Shoe Carnival Q4 profit slips; on track to open 30 stores in 2013

Shoe Carnival reported that net earnings for the quarter ended Jan. 28 slipped to $3.2 million, compared with $3.3 million in the year-ago period.

Evansville, Ind. -- Shoe Carnival reported Monday that net earnings for the quarter ended Jan. 28 slipped to $3.2 million, compared with $3.3 million in the year-ago period.

Revenue rose 13.1% to $205.7 million from $181.9 million, and same-store sales edged up 0.5%.

For the full year, profit rose to $29.3 million from $26.4 million, sales increased 12.1% to $855 million, and same-store sales advanced 4.5%.

February 5, 2013

No Rest for Bridget to open its first East Coast store

No Rest for Bridget, based in Irvine, Calif., will make its East Coast debut in mid-March, opening a 1,300-sq.-ft. location on Boston’s Newbury Street.

Boston -- No Rest for Bridget, based in Irvine, Calif., will make its East Coast debut in mid-March, opening a 1,300-sq.-ft. location on Boston’s Newbury Street.

The fast-fashion retailer specializes in affordable women’s clothing and accessories to 20- to 39-year-olds.

The store’s build-out is being handled by A&O Danner Companies, Plymouth, Mass., which is working with D2 Construction of Costa Mesa, Calif.

December 3, 2012

Shoe Carnival to open at Shops at South Elgin

Oakbrook Terrace, Ill.-based Mid-America Asset Management Inc. announced that Shoe Carnival recently leased 10,072 sq. ft. at Shops at South Elgin in Chicago’s west suburbs.

South Elgin, Ill. -- Oakbrook Terrace, Ill.-based Mid-America Asset Management Inc. announced that Shoe Carnival recently leased 10,072 sq. ft. at Shops at South Elgin in Chicago’s west suburbs.

The retailer plans to open in spring 2013 in the 164,502-sq.-ft. shopping center. Shoe Carnival is taking space formerly occupied by Famous Footwear and joins Kohl’s, T.J. Maxx, Pier 1 Imports, Petco and the newly expanded Fruitful Yield Health Foods.

October 23, 2012

Bettie Page opens in Boston

Tatyana Designs opened its 10th Bettie Page store, on Newbury Street in Boston.

Las Vegas -- Tatyana Designs opened its 10th Bettie Page store, on Newbury Street in Boston.

“We are confident that our new Boston location will track the success of our other nine company-owned outlets all located in prime 'street' or up-scale mall locations. We are looking at additional East Coast locations as we aggressively pursue our growth strategy," said Tatyana Designs co-CEO Jan Glaser.

October 18, 2012

Shoe Carnival CEO to step down

Shoe Carnival announced that Mark L. Lemond is retiring for health reasons from his positions as president, CEO and director effective Oct. 27.

Evansville, Ind. -- Shoe Carnival announced that Mark L. Lemond is retiring for health reasons from his positions as president, CEO and director effective Oct. 27.

October 1, 2012

Frye Co. to unveil Boston flagship

Boot and leather goods manufacturer Frye Co. will open its second U.S. retail location – on Newbury St. in a historic building in Boston’s Back Bay.

Boston -- Boot and leather goods manufacturer Frye Co. will open its second U.S. retail location – on Newbury St. in a historic building in Boston’s Back Bay. It joins Frye’s only retail store in the Soho area of New York City.

The 11,000-sq.-ft., three-level flagship store is slated to open spring 2013. It will reflect a fresh vision of Frye’s heritage and commitment to craft, and house specially designed areas showcasing the brand’s product.

June 19, 2012

Harbor Freight Tools makes urban Chicago debut at Bricktown Square

Harbor Freight Tools recently signed a lease for 20,000 sq. ft. of space at Bricktown Square in Chicago, according to Mid-America Asset Management, which represents the center.

Chicago -- Harbor Freight Tools recently signed a lease for 20,000 sq. ft. of space at Bricktown Square in Chicago, according to Mid-America Asset Management, which represents the center.

The tool retailer held the grand opening of its first urban Chicago store on June 13.

The 277,489-sq.-ft Bricktown Square is anchored by Babies ‘R’ Us, Sports Authority and XSport Fitness, with area tenants including Target, Loews, Jewel/Osco and Office Depot.

March 12, 2012

Research: Boomers and Gen Y divided on retail sensory experiences

New research released by Brodeur Partners uncovered that Baby Boomers and Generation Y’ers think differently about the shopping experience.

Boston -- New research released by Brodeur Partners uncovered that Baby Boomers and Generation Y’ers think differently about the shopping experience.

According to The Brodeur Partners’ Retail Relevance Study, Boomers see the ideal shopping experience as getting a good deal on a decent product. For Gen Y, it’s more about a stimulating, sensual, “sharable” experience.

February 28, 2012

DDR and Shoe Carnival team to open four stores in 2012

Shopping center owner DDR Corp. said Tuesday that four new Shoe Carnival stores will open at DDR shopping centers in 2012.

Beachwood, Ohio -- Shopping center owner DDR Corp. said Tuesday that four new Shoe Carnival stores will open at DDR shopping centers in 2012.

The new stores are a result of DDR's focus to consolidate small shop space by reconfiguring and re-leasing space to national retailers, improving tenant mix and the quality of cash flow. At three of the shopping centers, multiple small shop units have been combined to accommodate the new Shoe Carnival stores. The fourth center is located in Puerto Rico.

October 21, 2011

Tiffany to make Eastern European debut in Prague

Tiffany & Co. announced plans to open a store in Prague, marking the luxury retailer’s first location in Eastern Europe.

New York City -- Tiffany & Co. announced plans to open a store in Prague, marking the luxury retailer’s first location in Eastern Europe. The 2,600-sq.-ft. store is scheduled to open in the summer of 2012.

“The opening of our first store in Eastern Europe marks a significant strategic move for Tiffany, as we further develop and grow our business throughout Europe,” said Melvyn Kirtley, group VP Europe.

August 30, 2011

Shoe Carnival to open at Bardin Place Center

Centro Properties Group US announced that Shoe Carnival will open a 10,210-sq.-ft. store at Bardin Place Center, located in Arlington, Texas.

Arlington, Texas -- Centro Properties Group US announced that Shoe Carnival will open a 10,210-sq.-ft. store at Bardin Place Center, located in Arlington, Texas.

Bardin Place Center is owned by Centro Properties, based in New York City.

August 25, 2011

Shoe Carnival profit drops in Q2, on track to open 13 net new stores

Shoe Carnival reported Thursday that net income for the quarter ended July 30 dropped to $2.7 million from $4.1 million in the year-ago period.

Evansville, Ind. -- Shoe Carnival reported Thursday that net income for the quarter ended July 30 dropped to $2.7 million from $4.1 million in the year-ago period. Sales edged up 0.8% to $166.7 million, and same-store sales dipped 1.1%.

The shoe retailer said it expects to open 17 new stores and close four stores in fiscal 2011.

April 29, 2011

Baby Boom…or Bust?

In case you missed it because you were too busy putting away the noisemakers or watching college football, the first day of 2011 was not just another New Year’s Day. It was a significant generational milestone: The first members of the Baby Boom generation turned 65.

March 17, 2011

Fitch opens office in Beijing

Global design consultancy Fitch today announced the opening of its first office in China.

New York City -- Global design consultancy Fitch today announced the opening of its first office in China. The new office will service Fitch’s existing clients such as Nokia and Dell, as well as new clients in the buoyant Chinese market.

Ian Bellhouse, managing director for SE Asia & Greater China, Fitch, will lead the new operations.

January 28, 2011

Home Depot shutters its last Beijing outpost

New York City -- The Home Depot has closed its last store in Beijing, highlighting the difficulties that some western companies face when trying to transplant foreign business models into China.

Home Depot, which has closed five stores on the mainland in the past two years, is struggling to find the right business format for one of the world’s most difficult home-improvement markets, local analysts said.

September 30, 2009

Urban Magnetism

For every reason not to locate in an urban/downtown project, there are at least...

August 12, 2008

China Retail Sales Up 23.3% in July

China's retail sales rose by 23.3% in July from a year ago to 862.9 billion...

April 30, 2008

Back to the Future

It seems ironic that the most powerful trend in retail development since suburban malls...

April 23, 2008

Borders Opens Second Stand-Alone Paperchase Store

Borders Group announced it will open a stand-alone Paperchase shop on May 2 in Glendale,...