REAL ESTATE

American Girl to open store in Scottsdale, Arizona

BY Marianne Wilson

Middleton, Wis. — American Girl, a division of Mattel, announced plans to open its newest store at Scottsdale Quarter, an open-air lifestyle center owned by Glimcher Realty Trust and located in Scottsdale, Arizona.

The 12,000-sq.-ft. store is slated to open in late summer of 2015 and will be located within a new 180,000-sq.-ft. expansion of the property.

“For 16 years, American Girl retail stores have created unforgettable memories for millions of girls and their families, and we’re thrilled to now bring the American Girl experience to even more fans in the Phoenix/Scottsdale area,” said Wade Opland, American Girl’s VP of retail.

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REAL ESTATE

Exclusive Videos: CSA TV interviews at RECon 2014

BY CSA STAFF

Senior editor Katherine Boccaccio and editor-in-chief Marianne Wilson sat down with retail real estate leaders and analysts in Las Vegas at RECon 2014. See what each industry expert had to say about the retail landscape, trends in the industry, and projects to keep an eye on.

Watch videos.

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REAL ESTATE

Five Below to enter Houston with eight stores

BY Marianne Wilson

Houston — Extreme-value teen retailer Five Below will make its Houston debut on June 6, opening eight stores in and around the city.

The company currently has 15 stores in the Dallas and Austin markets. Last year, the Philadelphia-based retailer opened 60 new stores, and has plans to open approximately 60 stores this year. With the Houston openings, there will be 338 Five Below stores in 20 states throughout the country.

"We all know that you have to go big in Texas, and that’s what we’re doing by opening eight new stores in one day in Houston," said Thomas Vellios, CEO and co-founder of Five Below. “We’ve had tremendous success in our other Texas stores, and we expect Houston to get hooked on Five Below, as well."

Founded in 2002, Five Below has expanded rapidly over the past few years. In March, the company entered Nashville with three new stores and followed it up with two additional stores in Tennessee.

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