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April 23, 2013
RadioShack’s Q1 loss widens; updating image and stores
RadioShack Corp. on Tuesday reported a bigger-than-expected first quarter loss on weak sales of wireless phone contracts.

Fort Worth, Texas -- RadioShack Corp. on Tuesday reported a bigger-than-expected first quarter loss on weak sales of wireless phone contracts. The company also reported that it is updating its brand and will begin remodeling select locations with a new look and feel over the next few weeks.

Joseph C. Magnacca, a former Walgreens executive who became CEO of RadioShack in February, remarked on the initial priorities and initiatives underway. Last week, he named a new chief marketing officer and a new SVP store concepts.

April 16, 2013
T.J. Maxx, HomeGoods to open at Shops at La Palmera

Fort Worth, Texas-based Trademark Property Co. announced that TJX Cos. concepts T.J. Maxx and HomeGoods will open this fall at The Shops at La Palmera, a 200,000-sq.-ft. outdoor shopping center in Corpus Christi, Texas.

Corpus Christi, Texas -- Fort Worth, Texas-based Trademark Property Co. announced that TJX Cos. concepts T.J. Maxx and HomeGoods will open this fall at The Shops at La Palmera, a 200,000-sq.-ft. outdoor shopping center in Corpus Christi, Texas.

Construction has already begun on the 44,750-sq.-ft. space accommodating the two new stores, which will be located adjacent to one another, each with a separate store entrance. The Shops at La Palmera store marks T.J. Maxx’s first in Corpus Christi. HomeGoods is new to market also.

March 7, 2013
Sleep Experts to open new Fort Worth store

Cypress Equities said that Sleep Experts has signed a lease to occupy the remaining portion of the company’s development that currently houses Freebirds World Burrito at the northeast corner of West Seventh Street and Foch Street in Fort Worth, Texas.

Dallas -- Cypress Equities said Wednesday that Sleep Experts has signed a lease to occupy the remaining portion of the company’s development that currently houses Freebirds World Burrito at the northeast corner of West Seventh Street and Foch Street in Fort Worth, Texas.

The 3,035-sq.-ft. store is expected to open in May and marks the third in Fort Worth.

 

December 13, 2012
Pier 1 Q3 profit rises 3%

Pier 1 Imports reported that net income for the third quarter rose 3% to $23.7 million, compared with $23 million in the year-ago period.

Fort Worth, Texas -- Pier 1 Imports reported Thursday that net income for the third quarter rose 3% to $23.7 million, compared with $23 million in the year-ago period. Results matched Wall Street expectations.

Revenue rose 11% to $424.5 million from $382.7 million, beating analysts’ expectations of $422.2 million in revenue. Same-store sales increased 7.9%.

August 23, 2012
CD Ski & Sports to open Climate store at West 7th

Fort Worth, Texas -- Dallas-based Cypress Equities said that CD Ski & Sports will open its fifth Climate store, locating it at the West 7th mixed-use project in Fort Worth, Texas.

The new 4,221-sq.-ft. store is slated to open in late September.

June 25, 2012
Sports Authority to open in former Mervyn’s space

Fort Worth, Texas-based Trademark Property Co. said that Sports Authority will open a new store at Santa Fe Place mall in Santa Fe, N.M.

Santa Fe, N.M. -- Fort Worth, Texas-based Trademark Property Co. said that Sports Authority will open a new store at Santa Fe Place mall in Santa Fe, N.M.

The 40,000-sq.-ft. store will open in a vacated Mervyn’s anchor space at the center. Construction is slated to launch in October with opening planned for spring 2013. It will be the second Sports Authority in New Mexico; the other store is located in Albuquerque.

June 7, 2012
RadioShack announces JV to open small-format stores in China

A report by Reuters said that RadioShack will take a 49% stake in a joint venture with Cybermart to open small-format, RadioShack-branded stores in greater China.

Fort Worth, Texas -- A Thursday report by Reuters said that RadioShack will take a 49% stake in a joint venture with Cybermart to open small-format, RadioShack-branded stores in greater China.

Cybermart, an affiliate of Hon Hai Precision Industry Co., and RadioShack will open their first location in Shanghai in July. Additional locations are planned for mainland China, as well as Taiwan, Hong Kong and Macau.

May 31, 2012
Pier 1 Q1 same-store sales up 7.2%

Pier 1 reported that same-store sales rose 7.2% in the first quarter, helped by strong holiday assortments.

FORT WORTH, Texas -- Pier 1 reported that same-store sales rose 7.2% in the first quarter, helped by strong holiday assortments. First-quarter revenue was up 8% to $361 million, beating Wall Street's estimate of $360.7 million.

President and CEO Alex Smith said Thursday that the shoppers have been buying the retailer's Easter, spring, Mother's Day and Memorial Day products.

May 18, 2012
Regal Cinemas to open at Trails Town Center

Fort Worth, Texas-based Buxton said that Regal Entertainment Group will open a new Regal Cinemas at The Trails Town Center, located in Benbrook, Texas.

Benbrook, Texas -- Fort Worth, Texas-based Buxton said Friday that Regal Entertainment Group will open a new Regal Cinemas at The Trails Town Center, located in Benbrook, Texas.

The new 14-screen theater will include the Regal Premium Experience: RPX large format screen, and is the first anchor tenant announced at the Buxton-developed 1.5 million-sq.-ft. Trails Town Center.
 

May 14, 2012
Buxton to launch SCOUT 3.0 at ICSC RECon

Customer analytics firm Buxton announced it will officially launch the latest version of its real estate and analytics platform at the International Council of Shopping Centers RECon show in Las Vegas later this month.

Fort Worth, Texas -- Customer analytics firm Buxton announced it will officially launch the latest version of its real estate and analytics platform at the International Council of Shopping Centers RECon show in Las Vegas later this month.

SCOUT 3.0 is a cloud-based, data visualization and analytics tool used by executives in the retail industry to execute real estate and marketing strategies. The platform includes dashboard capabilities for C-level executives to see performance across their entire organization via mobile/tablet technology.

April 5, 2012
Pier 1 Q4 profit jumps; three-year growth plan includes store upgrades and tech investments

Pier 1 Imports Inc. said that its fiscal fourth-quarter profit more than doubled on increased store traffic and a one-time tax benefit that boosted its bottom line.

Fort Worth, Texas -- Pier 1 Imports Inc. on Thursday said that its fiscal fourth-quarter profit more than doubled on increased store traffic and a one-time tax benefit that boosted its bottom line. The chain also announced a new three-year growth plan that includes store updates and investments in technology.

March 22, 2012
RadioShack forges agreement to expand into southeast Asia with 1,000 stores

RadioShack Corp. said it has made an agreement with Malaysian retail group Berjaya Retail Berhad that will expand RadioShack's global footprint across 10 Southeast Asian countries.

Fort Worth, Texas -- RadioShack Corp. said Thursday it has made an agreement with Malaysian retail group Berjaya Retail Berhad that will expand RadioShack's global footprint across 10 Southeast Asian countries.

Under the long-term agreement, Berjaya Retail (Cayman) Limited as franchise developer is expected to open at least 1,000 franchise locations across the Association of Southeast Asia Nations within the first 10 years. Its subsidiary in Malaysia, Berjaya RS Sdn. Bhd., expects to open its first RadioShack locations later this year in Kuala Lumpur.

March 2, 2012
Pier 1 Q4 revenue tops expectations

Pier 1 Imports Inc. said that its total revenue for the fourth quarter, ended Feb. 25, increased a better-than-expected 11.8% to $477 million.

Fort Worth, Texas -- Pier 1 Imports Inc. said that its total revenue for the fourth quarter, ended Feb. 25, increased a better-than-expected 11.8% to $477 million. Same-store sales rose 10.3%.

The chain said total revenue for the fiscal year ended Feb. 25 climbed 9.8% to $1.53 billion.

The home décor retailer is upbeat about its first-quarter prospects.

February 23, 2012
Central Market to open at Preston Oaks center

Fort Worth, Texas-based Trademark Property Co. announced the opening of Central Market’s first small prototype store at its Preston Oaks center.

Dallas -- Fort Worth, Texas-based Trademark Property Co. announced the opening of Central Market’s first small prototype store at its Preston Oaks center. Located in the Preston Hollow neighborhood in Dallas, the 30,000 sq.-ft. store is the ninth location -- the fifth in Dallas-Fort Worth -- for the specialty grocer.

The agreement with H-E-B Central Market was originally announced by Trademark in May 2011 following strong interest from several potential tenants looking to move into the former Borders bookstore location.

February 22, 2012
Sizing up Brand Value

How much is a brand worth? If the brand in question happens to be Walmart, the answer is an eye-popping $139 billion, according to Interbrand Design Forum’s ranking of the top 50 U.S. retail brands by brand value. The study calculates the financial net worth of retail brands based on three metrics: the brand’s financial performance, the role the brand plays in driving consumer selection, and the ability of the brand to secure the delivery of expected future earnings.

February 17, 2012
Chick-fil-A goes for green with LEED Gold, energy and water retrofits

Chick-fil-A received LEED (Leadership in Energy and Environmental Design) Gold certification for its restaurant at Montgomery Plaza, Fort Worth, Texas.

Fort Worth, Texas -- Chick-fil-A received LEED (Leadership in Energy and Environmental Design) Gold certification for its restaurant at Montgomery Plaza, Fort Worth, Texas. It is the first LEED Gold-certified restaurant in Fort Worth. The chain has committed to build four more LEED designed restaurants in 2012, and will incorporate energy conservation measures and recycled materials into all new restaurant construction activities.

December 15, 2011
Pier 1 Q3 profit up, beats Street

Pier 1 Imports Inc.'s third-quarter profit climbed 10% to $23 million from $21 million a year earlier, better than analysts expected.

Fort Worth, Texas -- Pier 1 Imports Inc.'s third-quarter profit climbed 10% to $23 million from $21 million a year earlier, better than analysts expected. 

Revenue increased 8% to $382.7 million from $353.8 million, boosted by a higher average ticket and more traffic.  Same-store sales were up 7%. 

The retailer also said Thursday that its sales so far in December are strong and that it expected the momentum to continue until Christmas. 

November 30, 2011
RadioShack on hunt for creative agency

RadioShack Corp. has initiated a formal review of its creative agency of record for the U.S. general market.

Fort Worth, Texas -- RadioShack Corp. has initiated a formal review of its creative agency of record for the U.S. general market. RadioShack reported total advertising expenses of approximately $206 million for the fiscal year ended Dec. 31, 2010.

To help navigate the review process, RadioShack has retained the services of Select Resources International (SRI), an agency-review consulting firm based in Santa Monica, Calif.

October 26, 2011
RadioShack Q3 profit falls, misses Street

RadioShack Corp. reported Tuesday that profit for the quarter ended Sept. 30 plummeted to $300,000, compared with earnings of $46 million in the year-ago period.

Fort Worth, Texas -- RadioShack Corp. reported Tuesday that profit for the quarter ended Sept. 30 plummeted to $300,000, compared with earnings of $46 million in the year-ago period. The retailer cited the transition from T-Mobile offerings to Verizon Wireless as a major reason for the performance decline, although that was offset somewhat by new mobile service and sales centers in Target stores. The company launched Verizon Wireless in more than 4,400 stores on Sept. 15, as well as ramped up its Target Mobile centers rollout in the same period.

October 14, 2011
Pier 1 plans $100 million buyback

Pier 1 Imports plans to buy back up to $100 million of its common stock.

Fort Worth, Texas -- Pier 1 Imports plans to buy back up to $100 million of its common stock.

The chain said it had about 109.6 million outstanding shares as of Friday.
 

October 6, 2011
Pier 1 Imports, Alliance Data sign long-term private-label credit card deal

Pier 1 Imports said it has, through a subsidiary, signed a new, long-term private-label credit card agreement with Alliance Data.

Fort Worth, Texas -- Pier 1 Imports said Thursday it has, through a subsidiary, signed a new, long-term private-label credit card agreement with Alliance Data.

Under terms of the new agreement, Alliance Data, through its bank subsidiary, will provide end-to-end private-label credit card services from account acquisition to multichannel marketing and customer service for Pier 1 Imports.

August 17, 2011
Charming Charlie opens at Trinity Commons

Centro Properties Group US announced that Charming Charlie has opened a new store in Fort Worth, Texas.

Fort Worth, Texas -- Centro Properties Group US announced that Charming Charlie has opened a new store in Fort Worth, Texas.

The new 8,878-sq.-ft. store recently opened at Trinity Commons, which is owned by Centro Properties, based in New York City.

 

August 16, 2011
RadioShack names new CFO

RadioShack Corp. said Monday it has appointed Dorvin D. Lively as executive VP, CFO and chief administrative officer, effective immediately.

Fort Worth, Texas -- RadioShack Corp. said Monday it has appointed Dorvin D. Lively as executive VP, CFO and chief administrative officer, effective immediately.

Lively joins RadioShack from Ace Hardware Corp., where he was most recently executive VP and CFO.
 

June 16, 2011
Pier 1 Imports profit nearly doubles in Q1

Pier 1 Imports reported Thursday that its fiscal first-quarter profit nearly doubled, rising to $14.1 million, compared with $7.7 million in the prior year period.

Fort Worth, Texas -- Pier 1 Imports reported Thursday that its fiscal first-quarter profit nearly doubled, rising to $14.1 million, compared with $7.7 million in the prior year period.

Revenue increased 9% to $334.6 million from $306.3 million. Same-store sales rose 10.2%.

June 2, 2011
Pier 1 Q1 sales up, raises earnings forecast

Pier 1 Imports said Thursday its same-store sales rose 10.2% in the first quarter, helped by better traffic, more purchases being made and a higher average receipt.

Fort Worth, Texas -- Pier 1 Imports said Thursday its same-store sales rose 10.2% in the first quarter, helped by better traffic, more purchases being made and a higher average receipt. The retailer also gave a first-quarter earnings forecast above Wall Street's expectations.

Total revenue for the period ended May 28 climbed 10% to $335 million from $306 million.