REAL ESTATE

Aaron’s opens five stores in five states

BY Katherine Boccaccio

Atlanta — Aaron’s said Tuesday it is opening five of its lease-to-own stores in the Midwest, south and on the East Coast.

From mid October to early November, Aaron’s stores have opened in Delaware, Ohio; Ionia, Mich.; Franklin, Ky.; Indianola, Miss., and Towson, Md.

In September, the company opened its 2,000th store – located in the Bronx, N.Y.

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REAL ESTATE

REI announces new store location

BY Staff Writer

Seattle — REI (Recreational Equipment, Inc.) will open a store in Silverdale, Wash., in the fall of 2013.

The 24,500 sq.-ft. store will include a seasonal rental department that will allow customers to test new outdoor activities, and a bike shop that will provide expert assembly and repair services. The store’s community space will host outdoor-related classes, presentations and events.

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REAL ESTATE

Tiffany to open Paris flagship

BY Marianne Wilson

New York — Tiffany & Co. announced that it plans to open a flagship in Paris.

The approximately 10,000-sq.-ft. multi-level store will be located at 62 Avenue des Champs Elysées and is expected to open in 2014.

“While we have been successful in operating three smaller stores in Paris, establishing this store on the Champs Elysées will be the ultimate symbol of Tiffany as a truly global luxury brand,” said Frederic Cumenal, executive VP, Tiffany & Co. “This is a preeminent location that firmly places Tiffany & Co. on an international stage, in the heart of a city where people from all over the world come to visit and shop.”

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