September 29, 2014

A federal judge has reportedly rejected an Aug. 29 settlement of a lawsuit over the pay received by co-CEO Michael Jeffries.

September 26, 2014

The concept of a shopping center as a place where people simply show up to make a few purchases and leave is becoming passé. Increasingly, developers are building mixed-use centers that include residential, office and entertainment components, which turn them more into a consumer home base and less of a functional destination. Add in amenities like town squares, public parks, community gardens and amphitheaters, and the “shopping center” becomes more of an all-around “center” of activity.

Walk this way

September 25, 2014

Hhgregg has redeveloped a store in Columbus, Ohio, with a new store format.

September 16, 2014

Washington Prime Group announced Tuesday it will acquire shopping center REIT Glimcher Realty Trust in a deal worth $4.3 billion.

September 3, 2014

Chute Gerdeman, a global design consultancy, announced an expanded executive team, including the appointment of Brian Shafley as CEO.

September 3, 2014

Abercrombie & Fitch has reportedly settled a shareholder lawsuit filed in the U.S. District Court of Columbus, Ohio, regarding its pay of CEO Michael Jeffries, who has received more than $140 million in compensation since 2007.

August 27, 2014

As supermarket tenants are challenged to meet the needs of an increasingly diversified and sophisticated consumer base, and given the significant trend toward consolidation, landlords are tasked with delivering top-notch grocery-anchored centers — with a diminishing number of anchors from which to choose.

August 20, 2014

L Brands on Wednesday reported that its second-quarter profit rose to $188.4 million, from $178.9 million last year.

August 13, 2014

Glimcher Realty Trust announced that Scott Barrett has been appointed to the role of VP development – anchor leasing.

July 22, 2014

Michael Weiss, who started with Express when it was an eight-store operation, will retire as CEO of the 600 plus-store specialty apparel company when its fiscal year ends on January 30, 2015.

July 11, 2014

Simon Property Group and Columbus Realty have teamed to inject a high-residential component to Simon’s fashionable Phipps Plaza shopping destination in the tony Buckhead area of Atlanta.

July 9, 2014

Glimcher Realty Trust has appointed Kenneth Marshall to the role of VP, Development.

June 25, 2014

With buzz phrases like “omnichannel” and “customer disruption” dominating the retail conversation, landlords and tenants attending RECon 2014 in Las Vegas last May made it their mission to ensure that brick-and-mortar remains relevant. ­

June 24, 2014

▲ Understand the assets covered by your leases: Taken together, leases are more than just one of a chain’s largest costs — they are the largest fixed expense, and they are fixed for the long term. As a rule, individual leases average seven to 10 years.

“Understanding that is critical,” said Michael P. Glimcher, chairman and CEO, Glimcher Realty Trust, Columbus, Ohio. “For a cost so large, you should have a strong knowledge about the assets covered by your leases.”

June 13, 2014

Express Inc. confirmed that it has received a letter from Sycamore Partners, which has a 9.9% stake in the retailer, indicating that the private equity firm is interested in acquiring the company.

May 15, 2014

Chute Gerdeman has announced four team member promotions, including the appointment of Mary Lynn Waite, formerly senior designer, brand communications, to creative director.

May 1, 2014

State Street Capital Realty, an independent brokerage of Casto, has announced its recent listing for the retail portion of The View on Fifth in the Grandview area of Columbus, Ohio.

May 1, 2014

Verizon Wireless has set itself an ambitious goal: to transform the in-store experience across its entire fleet of 1,700 company-owned stores.

In November, the company unveiled its “destination store” format, in Mall of America, Bloomington, Minn. More than about selling phones and other devices, the 9,000-sq.-ft. store is designed to help customers experience a more robust mobile life.

April 15, 2014

In a move to establish a base in Canada, DSW Inc. has entered into an agreement to buy an approximate 44% stake in Canadian footwear retailer Town Shoes.

April 8, 2014

Adidas Originals Collective (in Footaction) Design/architecture: Big Red Rooster, Columbus, Ohio Construction: Footaction, New York City Lighting: Artemide/Voltage, Cincinnati Fixtures/wallcoverings: G3K Displays, New York City; MDC Wall, New York City; Visual Magnetics, Mendon, Mass. Flooring: Questmark Flooring, Allentown, Pa.; Bolon/Mats, Stoughton, Mass.

AT&T, Atlanta Design/architect: Callison, Seattle General contractor: US Communcations, Alpharetta, Ga.

March 4, 2014

As a category of shopping center, open-air centers have been evolving ever since the days they were called lifestyle centers. New categories of tenants have evolved, along with new ways of creating compelling tenant mixes and environments. We asked three open-air owners to tell us about current and possible future directions that evolution may take. 

The companies are San Diego-based American Assets Trust; Irvine Co. Retail Properties in Irvine, Calif.; and Columbus, Ohio-based Glimcher Realty Trust. Here’s what they had to say.

February 24, 2014

Liverpool, Mexico’s largest department-store chain, received top honors in Chain Store Age’s 32nd annual Retail Store of the Year design competition.

February 6, 2014

L Brands reported a 9% increase in same-store sales for January.

January 16, 2014

REI has signed a lease for a 23,000-sq.-ft. space in Sun Center in northwest Columbus, Ohio, according to Casto, Sun Center’s owner.