The Avenue Properties Welcome New Tenants
Atlanta, Cousins Properties announced that more retailers are joining The Avenue portfolio in Georgia at several locations: Avenue East Cobb, The Avenue Peachtree City, The Avenue Webb Gin and The Avenue West Cobb.
The Avenue Webb Gin, Georgia’s most recent Avenue project, will welcome Aeropostale and collegiate retailer Tailgaters Alley, as well as LongHorn Steakhouse, Bonefish Grill and Ted’s Montana Grill. DSW, Kirkland’s Home, Jake’s House and Just Kids Dentistry are a few of the retailers coming soon to the property, which is located in Gwinnett County.
Located in Marietta, The Avenue West Cobb has announced that Designer Antiques, a family-owned furniture store, and wine shop WineStyles are also joining the project. The Avenue East Cobb also welcomes New York & Company, Halloween Express and Clix. Clix will offer studio photography, digital scrap booking and portrait parties.
The Avenue Peachtree City is also welcoming some new offerings this fall with the addition of Chase Home Mortgage and Bia’s Artisan Pizza and Italian Kitchen.
Walgreen’s 4Q Drops
CHICAGO One of the nation’s biggest drug store chain operators announced that its fourth-quarter profit dropped nearly 4%, according to Monday’s reports.
Walgreens explained that because of lower reimbursements for popular generic drugs and increased store and staff costs, their net income tumbled.
According to the company’s earnings report, total expenses increased by more than 11% to $12.8 billion, which chairman Jeffrey Rein said was out of line with reimbursements the company received. Prescription sales accounted for nearly two-thirds of the company’s business.
“Managing both expenses and lower reimbursements on some generic drugs is my top priority,” he said in a company release. “We’re going to fix this, and at the same time continue our aggressive growth plan.”
While company’s revenues rose more than 10% to $13.4 billion from $12.2 billion, its net income slipped to $396.5 million, compared to $412.3 million earnings at the same time last year.
For the year, the company said that its earnings increased by to $2.04 billion ($2.03 per share), compared with $1.75 billion ($1.72 per share).
Jonathan Adler creates giftware line for B&N
NEW YORK Barnes & Noble is teaming up with ceramist Jonathan Adler for a new collection this fall.
According to reports, the line will launch in 400 stores on Oct. 20, and will include items such as an umbrella, mug and a vase made exclusively for Barnes & Noble. The collection will range in price from $5.95 and $29.95.