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REAL ESTATE

  • German grocery giant to make a big U.S. debut ahead of schedule

    Lidl is coming out of the starting gate in the United States earlier than expected — and it isn’t going to waste any time ramping up its store base.   The discount grocer will open its first U.S. stores this summer, with plans to open up to 100 locations across the East Coast within a year, the Associated Press reported. The chain initially had said it planned to enter the U.S. market no later than 2018.    

  • Fast-fashion giant’s Weekday brand to make London debut

    H&M is expanding one of its lesser-known banners with two high-profile locations.   The retailer plans to open a Weekday store on Regent Street in London, and also one in Paris, according to numerous British reports. Both locations are expected to open this summer.    The brand, known for its denim offerings and minimalist basics, currently operates some 27 stores in Europe, but this will be its first in the United Kingdom and France.  

  • Whole Foods Market scales back growth strategy

    Whole Foods Market is feeling the impact of increased competition by mainstream supermarkets.   The retailer is slowing down its rate of opening new stores, reported the Austin Business Journal, and no longer has a goal of 1,200-plus stores.    

  • Fashion Outlets of Chicago eyes expansion

    Macerich is pursuing an option to acquire land in Rosemont, Illinois, to allow it to expand its Fashion Outlets of Chicago mall there, according to the local Daily Herald.   Rosemont authorities told the news site that Macerich could draft an option agreement within the next 60 days that would give it right of first refusal on a village-owned lot east of the shopping center that currently houses The Rosemont Theatre.  

  • Investors reach $40 million settlement in Sears real estate deal

    Sears Holding Corp.’s chairman and CEO Eddie Lampert and the company's board settled a lawsuit alleging that the chief executive benefited from a spin-off deal.   The lawsuit was brought on behalf of Sears and against Lampert, other Sears directors and Seritage Growth Properties, the real estate investment trust established to acquire 235 of the struggling chain’s best stores, reported Reuters.  

  • Luxury department store retailer in Fort Worth opening

    Neiman Marcus will unveil its relocated store in Fort Worth, Texas, at The Shops at Clearfork, on Feb. 10.    The nearly 95,000-sq.-ft. store is the anchor tenant — and first to open — at the new upscale open-air center, which is being developed by Simon Property Group.    The new Neiman Marcus blends a modern, luxurious design with state-of-the art technology and an array of special services.  

  • This old store: Keys for transforming historic spaces

    For a retailer, the allure of a historic building is obvious. A renovated historic space conveys a unique degree of character and a memorable and defining sense of place. It can help a brand or business stand out in a crowded and competitive retail marketplace and deliver that all-important experiential element.  

  • Study: This retailer will gain from Macy’s, Kmart store closings

    Off-price giant TJX Cos. stands to gain traffic from the planned shutterings of select Macy’s and Kmart stores this year.    A study by Foursquare indicates that T.J. Maxx will gain traffic from Kmart store closings, while Marshalls will benefit from Macy’s closings, reported Boston Business Journal. Both banners are owned by TJX Cos.  

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