MIAMI GARDENS - Marcus & Millichap Real Estate Investment Services announced the sale of Gardens of Miami Center, a 52,670sf shopping neighborhood in Miami Gardens. The property commanded a sales price of $4,350,000.
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U.S. retailers are poised to report their weakest monthly sales gains in six months as unseasonably warm weather and fewer shopping events hurt demand for fall merchandise in a slowly recovering U.S. economy.
Best Buy, which opened its first store in Britain in May, is planning to launch an online site in the U.K.
) CVS Caremark Corp. reported Wednesday that net income for the quarter ended Sept. 30 fell a sharp 20% to $809 million, compared with net income of $1.02 billion in the year-ago period. The retailer attributed the profit contraction to canceled contracts within its pharmacy benefit unit. Revenue dropped 3.1% to $23.88 billion, compared with $24.6 billion in the prior year. Front store same-store sales increased 1.4% in the period. In the past year, CVS has reported billions in lost contract revenue for its Caremark unit, which provides prescription drug purchasing, customer service and other pharmacy services. During the
American Eagle Outfitters and Macy’s announced Wednesday they will participate in Facebook Deals, which provides customers with special offers when they check in to Facebook Places using their smartphones. When customers check in to Facebook Places from a Macy’s store, they will get a pop-up yellow icon that will include an offer for 20% off most apparel, accessories, jewelry and select home items, or 10% off electrics/electronics, furniture and mattresses. At American Eagle Outfitters (or the retailer’s other two brands, aerie and 77kids), customers will receive 20% off their entire purchase, simply by showing their phone to the
Coraopolis, Pa.-based Dick’s Sporting Goods Inc. has outlined a national expansion campaign that includes new stores in Oregon, Washington and Maryland. According to the Portland Business Journal, the sporting goods retailer plans to expand to 11 stores in Oregon—it currently operates eight stores in the state. In addition, Dick’s plans to open 14 new stores in Maryland, according to the Baltimore Business Journal. Eventually, Dick's hopes to more than double its network of sporting goods stores nationally, from 425 to 900, as unveiled in a document filed Oct. 22, with the Securities and Exchange Commission. Of the planned stores,
) Big 5 Sporting Goods Corp. reported Tuesday that net income for the quarter ended Oct. 3 decreased to $6.8 million, compared with net income of $8 million in the year-ago period. Revenue edged up to $231.8 million, compared with $231.6 million a year earlier. Same-store sales increased 2%. The sporting goods retailer opened three new stores during the quarter, bringing its total store count to 391 stores.
RadioShack Corp. reported net income of $46 million, or 37 cents per diluted share, on revenue of $1.05 billion for the period ending Sept. 30. That compares to profits of $37.4 million, or 30 cents per diluted share, on sales of $990 million. There are more than 20 RadioShack (NYSE: RSH) locations in Hawaii, according to PBN research. You're almost there... To access the full benefits of bizWatch and receive a weekly email with aggregated news on all the companies you are following, please provide your email address below.
) Sports and lifestyle retailer City Sports said Tuesday that it will open a Washington, D.C. flagship retail store in the Georgetown area in December. The new location will be City Sports’ fourth District-area location and 18th store in the Northeast. "Our new store will reflect the unique character of the neighborhood and deliver the legendary City Sports experience customers have come to expect from us," said Jeffrey Connor, president and CEO, City Sports. The 10,434-sq.-ft. store will span two floors, and will include such architectural features as exposed brick, concrete and metal, as well as will incorporate areas
) The U.S. Department of Labor's Occupational Safety and Health Administration (OSHA) on Wednesday sent a letter to 14 CEOs of major retail companies urging them to take precautions to prevent worker injuries during Black Friday and the holiday season's other major sales events. The letter was accompanied by a fact sheet outlining injury-reducing tips. "Crowd-related injuries during special retail sales and promotional events have increased during recent years," said Assistant Secretary for OSHA Dr. David Michaels. "Many of these incidents can be prevented by adopting a crowd management plan, and this fact sheet provides retail employers with guidelines