REAL ESTATE

Canada’s Birks to debut new format

BY Staff Writer

Montreal — Canadian jewelery retailer Birks will introduce a new retail concept in the summer of 2013, with new stores opening in DIX30 Complex, Brossard, Quebec, and in the new Mapleview Mall in Burlington, Ontario.

The new format, developed in collaboration with Sid Lee Architecture, will feature round 1,500 sq. ft. of retail space and be dedicated to jewelry from the Birks Collection.

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REAL ESTATE

Meijer to open two Indiana supercenters

BY Dan Berthiaume

Grand Rapids, Mich. — Meijer will open two 190,000-sq.-ft. supercenters in the northern Indiana towns of Portage and Warsaw on June 13. Meijer operates more than 200 stores in the Midwest and will have 32 stores in Indiana. Meijer expects the stores to create more than 500 new jobs.

The new locations are built to Leadership in Energy and Environmental Design (LEED) standards and are the latest in a $200 million investment this year that includes the construction of six new Meijer supercenters, remodel projects for five additional stores in Michigan and Illinois, and upgrades to two distribution complexes.

"Our team has worked very hard to get these supercenters ready and we’re excited to bring the Meijer experience to our new neighbors in Portage and Warsaw and the surrounding communities," said Hank Meijer, co-chairman of Meijer.

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Krispy Kreme refranchises Dallas

BY Staff Writer

Winston-Salem, N.C. – Krispy Kreme Doughnut Corporation has entered into a letter of intent with an affiliate of Sun Holdings, LLC for the sale of three company-owned shops in Dallas, and for Sun Holdings’ further development of the Dallas market. The sale of the stores is subject to conditions, including the execution of a definitive asset purchase agreement and a development agreement pursuant to which Sun Holdings would undertake the further development of new Krispy Kreme shops in Dallas.

“Execution of the letter of intent with Sun Holdings represents another step forward in our plans to accelerate the pace of domestic franchise expansion,” said Cindy Bay, senior VP of US stores for Krispy Kreme. “We look forward to announcing the execution of definitive agreements for the Dallas market.”

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