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Nordstrom to Open Philanthropic Concept Store
October 29, 2010

Seattle-based Nordstrom Inc. plans to debut a brand new concept store in New York's SoHo neighborhood, according to The Huffington Post. The retailer will occupy the ground and second levels of a glass-and-aluminum, 11,000-sq.-ft. building, which will be located at 350 W. Broadway, between Grand and Broome streets. According to Pamela Lopez, a Nordstrom spokeswoman, it will be a "unique, philanthropic-based store concept," and "all profits will go to nonprofit organizations." At this time, it is unclear exactly what merchandise will be sold and whether it will be exclusive to the SoHo space. The store, whose name is currently

Ann Taylor to Accelerate Outlet Expansion in 2011
October 29, 2010

New York-based AnnTaylor Stores Corp. has announced plans to expand its factory outlet offerings in 2011, with the opening of approximately 35 LOFT outlet stores and five Ann Taylor Factory Stores. "As we have previously noted, we had identified our highly productive factory outlet channel as an area for future growth, particularly for our LOFT brand," said Kay Krill, president and CEO for Ann Taylor. "This extraordinary opportunity to open premium store locations significantly and efficiently accelerates our planned expansion and represents meaningful growth for our very successful LOFT outlet business." The women's fashion retailer is leasing store locations

Bankrupt Blockbuster Will Continue to Operate
October 29, 2010

Movie rental company Blockbuster Inc. won court approval for $125 million in financing to keep operating while in bankruptcy, and to pay claims made by film studios.

Avon Shares Hit After Profit, Sales Fall Short
October 28, 2010

NEW YORK -- Avon Products Inc. shares fell 10% in early trading after the world's largest direct seller of beauty products reported worse-than-expected third-quarter profit and sales. The New York-based company also forecast full-year operating margin to be flat. Copyright ยฉ 2010 MarketWatch, Inc.

Terranova signs Aaron's Rental to Parkhill Plaza
October 28, 2010

MIAMI BEACH - Terranova Corporation announced the signing of Aaron's Rental Furniture to Parkhill Plaza, 9509 West Flagler St. in Miami. Aaronโ€™s will join anchors Winn Dixie, Wendyโ€™s, and Dollar Tree in a long-term, 6,194sf deal brokered by Terranova Commercial Associate Juan Franco. Aaronโ€™s will relocate from Flagler Park Plaza on 82nd and Flagler street. Leasing activity at the Parkhill has increased significantly, with nearly 10,000sf of space leased in the last three months raising the centerโ€™s occupancy up to 92%. Bookmark/Search this post with:

REI announces three new store openings
October 28, 2010

REI (Recreational Equipment, Inc.) said Tuesday it will open stores in Yonkers, N.Y., Carle Place, N.Y., and Paramus, N.J., in spring 2011.