REAL ESTATE

Ashley Furniture opening at Schaumburg Promenade

BY CSA STAFF

Oak Brook, Ill. Inland Real Estate Corp. announced Wednesday the opening of Ashley Furniture in the Schaumburg Promenade, located adjacent to the Woodfield Mall in Schaumburg, Ill.

The new 32,000-sq.-ft. store opens Friday with a ribbon-cutting ceremony. Ashley Furniture is replacing a vacated Linens ’N Things.

Inland also recently signed an 11,958-sq.-ft. lease with Casual Male Retail Group for the company’s new superstore concept, Destination XL.

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REAL ESTATE

Red Mango to open in airports

BY CSA STAFF

Dallas The 60-unit Red Mango signed a deal with The Grove to offer its frozen yogurt and other products at several airports beginning in April.

The agreement will introduce Red Mango to Dallas/Fort Worth International Airport, Chicago’s O’Hare International Airport, Newark Liberty International Airport and New York City’s LaGuardia International Airport.

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REAL ESTATE

Gap to open in Australia

BY CSA STAFF

San Francisco Continuing with its international expansion, Gap announced a franchise agreement to bring its namesake brand to Australia.

The franchise business is a key part of Gap’s global business strategy. With the planned entry into Australia, Gap now has franchise agreements in place for a total of 24 countries on four continents.

Gap has signed a franchise agreement with Brand Republic Pty Ltd, a subsidiary of Busby Holdings Australia Pty Ltd, for exclusive rights to operate Gap brand stores in Australia.

“With Australia, we’re extending our international presence to a whole new continent,” said Stefan Laban, VP strategic alliances for Gap. “The country has a strong retail sector and an underserved market of consumers who appreciate the casual, American style that Gap represents.”

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