REAL ESTATE

Ace Hardware on track to open 170 stores in 2012

BY Marianne Wilson

Oak Brook, Ill. — Ace Hardware Corp. has reported substantial growth and expansion in priority markets across the country.

“Our aggressive, long-term growth strategy features a total package of resources and support to ensure a successful future for our retailers,” said Mike Berschauer, director, retail development for Ace Hardware. “After a prosperous second quarter focused on store activations and conversions, Ace is on-track to achieve its goal of opening 170 new domestic stores in 2012.”

Ace retailers opened 30 stores in the first quarter and 36 stores in the second quarter for a total of 66 new activations year to date, an 8% increase compared to 2011. By region, Ace experienced 31 openings in the Midwest, Northeast and Atlantic Coast; 17 openings in the Southeast and 18 openings in the West.

Store conversions also increased. To date in 2012, 31 retail locations have converted to Ace Hardware from competitive formats – in comparison to 16 conversions in the first two quarters of 2011.

A number of these openings and conversions are attributed to the launch of the Ace Hardware “Express” format. Designed specifically for stores with 5,000 square feet or less, the Express format is for both current Ace retailers and other business owners seeking to integrate the Ace brand into their existing offerings. To date, there are Express format Ace Hardware locations in seven states across the U.S. – including California, Kansas, Massachusetts, New York, North Dakota, Tennessee and Texas.

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REAL ESTATE

Natural Grocers to open seven stores by spring 2013

BY Katherine Boccaccio

Denver — Natural Grocers by Vitamin Cottage said Wednesday it plans to open seven new stores by March 2013, bringing the total count to 64 in 12 states.

In addition, the company said it has relocated and expanded one of its flagship Denver stores.

The seven new stores will be opened during the next six months in Sedona, Ariz.; Steamboat Springs, Colo.; Helena and Missoula, Mont.; Omaha, Neb.; and Denton and Lubbock, Texas.

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REAL ESTATE

Ann Taylor sets date for international debut with store in Toronto

BY Marianne Wilson

New York — Ann Taylor on Oct. 5 will open its first store outside of the United States, in the Toronto Eaton Centre. The company will open a second store in Canada, located in Toronto’s Yorkdale Shopping Centre, in November.

The Canadian stores will feature Ann Taylor’s updated store design, which is inspired by a stylish modern contemporary home. The residential influence is brought to life through white washed maple hardwood floors, luxurious crystal chandeliers, modern tufted furniture and sleek feminine fixtures inspired by the ultimate closet.

Wardrobing niches allow for strong fashion stories as well as a broad assortment of product. Special attention was also given to the design of the styling rooms, which feature unique floral wall coverings, luxe ottomans, plush carpeting, and a new proprietary lighting system with flattering back lit mirrors.

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S.Anderson says:
Mar-25-2013 12:51 pm

I wish you shared some pictures with it, I would have loved to see these design elements put together. I was also hoping to find popular flooring choices, I could use some directions here.

S.Anderson says:
Mar-25-2013 12:51 pm

I wish you shared some pictures with it, I would have loved to see these design elements put together. I was also hoping to find popular flooring choices, I could use some directions here.

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