The retail industry is still assessing the impact of two major deals that occurred within 24 hours of each other.
Dick's Sporting Goods will open a store in Union, N.J., on May 2.
Westwood Financial Corp., one of the nation’s largest owner-operators of shopping centers, has purchased Wesleyan Station, an 86,631-sq-.ft, retail center in Macon, Ga., for $8.9 million from a private seller.
Hudson + Broad, a New York City-based visual merchandising firm, is suing J.C. Penney Co. for $40 million.
Westwood Financial Corp. has sold Pacific Plaza Shopping Center located at in Ontario, Calif., for $7.4 million.
Safeway Inc. reported that net income for the first quarter rose to $81.6 million, from $25.1 million in the year-earlier period.
The Gymboree Corp. reported that it narrowed its loss in the quarter ended Jan. 28 to $24.9 million, compared with a loss of $47.3 million a year earlier.
Sears Holdings has expanded the availability of its in-store professional apparel shop to 91 Sears and Kmart stores nationwide.
Casey’s General Stores said it will break ground on its first site in Tennessee in June, marking the thirteenth state in the c-store chain’s area of operations.
Target Corp. said it has initiated remodels to expand the fresh food offerings at 90 stores across the nation, with the work expected to be completed on June 24, 2012.