REAL ESTATE

Beating Clicks?

BY Katherine Boccaccio

If you can’t beat them …. Four major mall owners – Westfield, Simon, GGP and Macerich – have pitched in $4.5 million to help fund a delivery start-up business that promises same-day purchases delivery to mall shoppers.

According to a recent article in the Silicon Valley Business Journal, Palo Alto-based Deliv will use the funding garnered from the mall owners and others to improve its software and expand into additional shopping centers.

Deliv works like this: once mall shoppers buy items in mall stores, they can have the purchases delivered that same day via Deliv so that they can keep shopping. The company is currently active in nine malls in California and Illinois – with more to come.

Because same-day delivery is a retail battle currently being won by the likes of Amazon and eBay, it will be interesting to watch the service play out in a mall environment.


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REAL ESTATE

Stein Mart to open 10 new stores

BY Marianne Wilson

Jacksonville, Fla. — Stein Mart plans to open 10 new stores this year as part of the company’s largest store expansion since 2007.

The expansions begin with new locations in the Miami, Washington, D.C., and Las Vegas areas set to open this spring. This year’s new store openings will bring the company’s total nationwide store count to more than 270.

The announcement of this expansion follows the company’s fiscal 2013 same-store sales growth of 3.7%.

“We understand that increasing our number of stores is an important part of our sales growth strategy, so this is significant news for us,” said Jay Stein, CEO of Stein Mart. “We are fortunate to have a talented management team that identifies key locations in targeted growth areas, so we are always prepared to act when a prime location becomes available."

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Starbucks continues Evolution Fresh expansion

BY Dan Berthiaume

Seattle – Starbucks is expanding its Evolution Fresh cold-pressed juice to more than 360 corporate stores in the Chicago and greater Midwest areas. This brings the total number of Starbucks locations and grocery stores offering Evolution Fresh products to more than 9,000 across the U.S.

In addition to Chicago, other areas receiving Midwest distribution include most of Illinois, Milwaukee, Minneapolis, St. Louis, Detroit, Indianapolis, Cincinnati, and Cleveland. Following the expansion of Evolution Fresh juices in Chicago and greater Midwest Starbucks stores, the brand plans to continue nationwide distribution of Evolution Fresh through U.S. company-operated Starbucks stores throughout 2014.

“We’ve been looking forward to introducing Evolution Fresh juices in Chicago area Starbucks stores and anticipate enthusiastic customer support,” said Chris Bruzzo, senior VP and general manager for Evolution Fresh. “With the opening of our new state-of-the art juicery this past October, we have been able to quadruple the production of Evolution Fresh cold-pressed juices, allowing for greater distribution and accessibility to on-the-go nutrition for our customers.”

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