REAL ESTATE

American Eagle debuts in three international markets

BY Katherine Boccaccio

Pittsburgh — American Eagle Outfitters announced Wednesday that it has opened stores in three new international markets — Morocco, Jordan and Egypt.

The company said it also opened its third store in Saudi Arabia, and has plans for a second store in Lebanon in early 2012. The retailer currently operates in Egypt, Jordan, Kuwait, Lebanon, Morocco, Saudi Arabia, and the UAE through its franchise partner, M.H. Alshaya.

American Eagle Outfitters opened in Jordan on Nov. 30 in Taj Mall. Morocco’s store opened in Casablanca at Morocco Mall on December 1. The Egypt store is located in Cairo’s City Stars Mall, and opened on Dec. 10.

The partnership with Alshaya, signed in May 2009, was AEO’s first foray into brick-and-mortar stores outside of North America. Since then, AEO has opened stores in Russia, China and Hong Kong, and signed franchise agreements for stores in Japan and Israel as well, working with various franchise partners.

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REAL ESTATE

General Growth approves spinoff of Rouse properties

BY Staff Writer

Chicago –General Growth Properties said its board approved the spinoff of its Rouse Properties Inc. subsidiary, to consist of 30 regional shopping centers in 19 states.

The separation will be completed through a pro rata taxable dividend on Jan. 12, to stockholders of record as of the close of U.S. exchanges on Dec. 30, Chicago-based General Growth said today in a statement.

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Year-end Review: New York’s Best Store Revamps

BY Marianne Wilson

New York City — It’s true: Everything old is new again. New York City’s retail maven, Faith Hope Consolo, chairman, The Retail Group, Prudential Douglas Elliman Real Estate, New York, has put together a list of her favorite store makeovers of the past year. As Consolo notes, even the most iconic stores must constantly present a new, fresh face to keep shoppers coming. Here are her faves:

  • Apple’s simplified cube (767 Fifth Ave.);
  • LaCoste’s grand redo (Fifth at 49th);
  • Mauboussin’s brightening of a still fabulous new store (714 Madison Ave.;
  • Mulberry’s work (605 Madison Ave.);
  • The completely re-freshed Fresh (872 Broadway);
  • The experimental Limelight Marketplace’s change from a mall to a department store feel (656 Sixth Ave.);
  • Bloomingdale’s. Several years in the making and still ongoing, it will create a completely new store (1000 Third Ave.); and
  • Barneys at 660 Madison Avenue. With a new Men’s Co-Op, new main floor and dining options, it’s a complete and stunning redo (660 Madison Ave.).

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