REAL ESTATE

Blue Moon Apparel to open at Auburn Village

BY CSA STAFF

Auburn, Calif. — Jacksonville, Fla.-based Regency Centers said it has leased retail space in Auburn, Calif., at Auburn Village to Blue Moon Apparel.

Opening its third women’s apparel location, Blue Moon Apparel has leased 1,400 sq. ft. of space and will open in June.

The 134,000-sq.-ft. shopping center is anchored by Bel Air grocery store alongside national retailers such as CVS/pharmacy, Dollar Tree and Subway.

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FINANCE

Deloitte Consumer Spending Index slides in April

BY CSA STAFF

New York City — Falling real wages and rising jobless claims in April contributed to largest single month drop in the Deloitte Consumer Spending Index since November 2007. The Index, which tracks consumer cash flow as an indicator of future consumer spending, fell to 3.16% from an upwardly revised gain of 3.78% a month ago.

Deloitte said that the index, which is comprised of four components — including tax burden, initial unemployment claims, real wages and real home prices — saw a drop due to "a sharp deterioration in real wages coupled with a rise in jobless claims."

According to Carl Steidtmann, Deloitte’s chief economist and author of the monthly Index, “rising food and energy prices have started to undermine consumers’ purchasing power, which may continue to lose ground to inflation in the months ahead, particularly if unemployment claims head higher.”

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OPERATIONS

Dillard’s to pay $50,000 in age discrimination case

BY CSA STAFF

New York City — Dillard’s will pay $50,000 and provide additional, unspecified relief to settle an age discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the Triangle Business Journal reported.

The EEOC’s complaint alleges that Dillard’s fired 61-year-old Virginia Keene from her job as an area sales manager with the company’s Cary, N.C., store and replaced her with a 24-year-old employee with only four months of experience in the same position. Keene had more than four years of experience in the position and, at the time of her termination, was ranked second in sales among six area sales managers at the Cary store, according to the EEOC complaint.

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