REAL ESTATE

Charming Charlie premieres at La Palmera lifestyle court

BY CSA STAFF

Corpus Christi, Texas Trademark Properties announced that accessories retailer Charming Charlie, based in Houston, opened Tuesday at the new outdoor lifestyle court of La Palmera mall.

Charming Charlie is one of 11 new tenants announced in August 2009.

Subway and MTV Nails both opened in February. VANS will open March 12, and Grimaldi’s Coal Brick-Oven Pizzeria will debut in the Lifestyle Court in April, with P.F. Chang’s China Bistro set to open in that same area in June.

Since acquiring the 1,017,704-million-sq.-ft. mall in July 2008, Trademark has signed 14 new deals with an additional 20 stores relocating or remodeling in 2010, including Buckle, Regis, Zales and Claire’s, which have all opened in new locations. AT&T remains in a temporary location while they remodel their original store slated to open March 12, the same day Sunglass Hut is scheduled to open their new kiosk. Glamour Shots will also be moving to a new location.

 

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A perfect storm for shoplifters

BY CSA STAFF

Retailers are fortunate the majority of customers are honest and choose to pay for the items they need and want. However, even the most well intentioned shoppers can succumb to the allure of theft when their moral compass is exposed to the polarizing forces of a recessionary economy and a retail environment where the perceived risk of apprehension is low due to thinly staffed stores. As a result, retail theft characterized as amateur or opportunistic is on the rise, according to 78% of retailers responding to a survey conducted by the Retail Industry Leaders Association (RILA). While amateur and opportunistic thieves are more active, all types of theft have increased, with 74% of retailers reporting seeing an increase of stolen items found in online marketplaces, and 65% reporting increased theft by organized groups.

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A rebound awaits in key categories

BY CSA STAFF

Target is the beneficiary of a perceived quality gap relative to Walmart, and that typically helps it in head-to-head comparisons where such categories as apparel and home are concerned. Unfortunately, consumer decision-making is seldom so linear, and Target has a slew of other retailers against whom it must compete, and recent sales results suggest it has work to do. Target has reported weak (flat or declining) results for its apparel and home categories and did so again in February. However, such companies as TJX, Ross and Kohl’s, which appeal to the same value-oriented shoppers as Target, produced solid gains. TJX said its February same-store sales increased 10%, Ross produced an 11% increase and Kohl’s was up 3.7%. Also producing gains were such competitors as Nordstrom, Macy’s and JCPenney, which serve customers squarely in the crosshairs of Target’s “expect more, pay less” value proposition. Macy’s reported a better-than-expected increase of 3.7%, and Nordstrom topped analysts’ views with a 10.3% increase. JCPenney’s same-store sales rose 1.2%, which was also better than expected.

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