FINANCE

China fines Wal-Mart, Carrefour for overpricing

BY CSA STAFF

Beijing — China said Wednesday it is fining Wal-Mart and Carrefour stores up to $75,900 for overpricing, expressing concerns about price inflation ahead of the impending Lunar New Year holiday.

A statement posted Wednesday on the National Development and Reform Commission website listed about a dozen stores across the country that engaged in overpricing, noting high charges on items ranging from underwear to dumpling powder.

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REAL ESTATE

Englewood Construction announces new retail projects

BY CSA STAFF

Chicago — Lemont, Ill.-based Englewood Construction said Wednesday it has embarked on five new projects — four in the Midwest and one in Washington, D.C.

In the Chicago area, Englewood has been tapped for three new retail projects, including the interior build-out for a new Trader Joe’s coming to the city’s Lincoln Park neighborhood. Trader Joe’s will occupy 14,801 sq. ft. of first-floor retail space, topped by a two-story parking deck. The new store is slated to open in April.

Englewood Construction also has begun work on a 6,920-sq.-ft. Advance Auto Parts located in Glen Ellyn, Ill. When it opens in February, the Glen Ellyn store will be the brand’s eleventh Chicagoland location.

Destination Maternity has tapped Englewood Construction for two new stores, under two different brand names. The first store is a 3,760-sq.-ft. Destination Maternity at Orland Park Place Mall that will carry the firm’s brands Destination Maternity, Pea in a Pod and Motherhood Maternity. The inline space store will also include a “kiddie corral,” juice bar and relaxation section.

The second store will be located outside of St. Louis in Fairview Heights, Ill., and will have the name Motherhood Maternity, selling that line of brand clothing only. The 2,000-sq.-ft. space is in the Lincoln Place Shopping Center, about 15 miles east of downtown St. Louis.

Englewood Construction has also started the interior build-out for a 20,000-sq.-ft. American Girl boutique store, located at the Tyson’s Corner mall in McLean, Va. This will be the first store in the Washington, D.C., area for the boutique doll retailer. The project includes retrofitting a wing of the mall, built in the late 1960s, to accommodate American Girl. The boutique store will include special features such as a doll salon, full-service bistro and separate snack counter. The American Girl store is on track for completion by June.

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News

Davaco rolls out menu updates for restaurants

BY CSA STAFF

Dallas — Davaco said Tuesday it is preparing to roll out high-volume retrofits of interior and exterior restaurant menu boards in response to the FDA’s new nutrition/menu labeling program.

The Patient Protection and Affordable Care Act of 2010 requires restaurants and similar retail food establishments with 20 or more locations to list calorie content information for standard menu items on restaurant menus and menu boards.

“While the FDA is still finalizing implementation provisions, many restaurants are proactively integrating nutrition information on their menu boards and throughout their restaurants,” said Rick Davis, CEO, Davaco. “Our nationwide structure allows our team to make changes in locations across the country quickly and our restaurant expertise gives us the ability to execute changes consistently, accurately and with minimal disruption to the restaurant and its customers.”

The company’s ClearThread technology is designed to allow restaurants to oversee the progress of their menu board implementation, by offering 24-hour access to project information via a secure online website. Davaco’s field team provides regular updates, survey results, before/after photography, schedules and contacts, for each restaurant location.

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