REAL ESTATE

Cabela’s announces plans for store in Calgary

BY Marianne Wilson

Sidney, Neb. — Cabela’s Incorporated announced today plans to open a store in Calgary, Alberta. Construction is scheduled to begin later this year, with a fall 2015 opening.

The 70,000-sq.-ft. store will be located adjacent the Deerfoot Mall, which is currently under plan review as an open air shopping center redevelopment project.

It will be Cabela’s third location in Alberta, joining two locations in Edmonton, which opened in 2011 and May of this year.

“Alberta has been great to Cabela’s,” said Tommy Millner, Cabela’s CEO. “Our two Edmonton locations have received tremendous support. It is time to expand to Calgary and better serve the loyal Cabela’s customers in southern Alberta.”

The store will be built in Cabela’s next-generation layout, designed to surround customers in an outdoor-like experience with museum-quality wildlife displays and a large mountain replica.

Currently, Cabela’s operates 58 stores across North America, including five in Canada – Winnipeg; Saskatoon and Regina, Saskatchewan; and two Edmonton locations. The company has announced plans to open an additional 20 stores over the next two years, including locations in Barrie, Ontario, July 10; Nanaimo, British Columbia, this fall; and Moncton, New Brunswick, in 2015.

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REAL ESTATE

Report: Carrefour to shutter Indian stores

BY Dan Berthiaume

Mumbai, India – In a move that may have implications for Wal-Mart, French retailer Carrefour S.A. will reportedly shutter its five Indian wholesale stores by the end of September 2014. According to Reuters, Carrefour is in advanced talks to sell its Indian assets to an unspecified buyer.

Wal-Mart pulled out of an Indian retail partnership in late 2013, but still plans to operate cash & carry wholesale stores there and also recently launched an e-commerce operation there. India has technically been open direct foreign investment in domestic retail supermarkets since 2012, but rules vary by state and there are strict local sourcing regulations.

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REAL ESTATE

MarketPlace Development to overhaul LaGuardia stores

BY Dan Berthiaume

New York – Retail developer MarketPlace Development announced that the food and stores at LaGuardia Airport’s Terminal B will receive a major overhaul in 2014. With a new terminal slated to start construction in 2015, the redevelopment will provide upgrades for the existing aging terminal, including new shops and restaurants, enhanced amenities and infrastructure upgrades for HVAC and escalators in the food courts.

New specialty stores will include America!, Desigual, Eddie Bauer, LaCoste, L’Occitane, Lick, Ruby Blue and Tumi. InMotion Entertainment and Duty Free Americas are also scheduled to remodel and will debut fresh looks. New and improved food options include Bowery Bay Cafe, Einstein Bros. Bagels, Piccolo Mercato, Six Block Bakery, Sorrentine, and Villa Italian Kitchen. Au Bon Pain will perform a full remodel on all of their units and add a handmade sandwich bar to their 24-hour operation in food court near Gates D.

Construction has begun and will continue to take place throughout the summer and fall period. All construction is scheduled to be completed by the end of the year.

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