REAL ESTATE

Claire’s expands global footprint with stores in Philippines, Costa Rica and Colombia

BY Marianne Wilson

Chicago — Claire’s Stores announced its recent entry into three new countries — Philippines, Costa Rica and Colombia — as well as new license agreements for Brazil, Scandinavia and the Balkans.

Jim Fielding, CEO, stated: "We continue to identify expansion opportunities worldwide. Our franchise partners have opened stores in three new countries in 2013 and we expect to enter an additional three countries during the rest of the year. We are pleased with our progress to date and encouraged by the opportunities."

Claire’s franchisee recently opened its first five stores in the Manila metropolitan area of the Philippines and plans to continue developing stores throughout the country.

Within the Central and South America region, Claire’s celebrated the opening of franchise stores in San Jose, Costa Rica and in Bucaramanga, Colombia, marking the company’s initial entry into these two Latin American countries.

In addition to these market entries, Claire’s has entered into license agreements for Brazil, Scandinavia, and three countries in the Balkans.

The company will be launching stores in the Balkans, specifically in Belgrade, Serbia this year with future planned store development in Croatia and Slovenia. These initial store openings in Brazil, Sweden, and Serbia are expected to take place during the fourth quarter of fiscal year 2013.

Claire’s operates 3,094 stores in North America, Europe, and China. The company also franchised 414 stores in 25 countries primarily located in the Middle East, Central and Southeast Asia and Central and South America.

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REAL ESTATE

Five Below to open 11 stores in Dallas

BY Marianne Wilson

Philadelphia — Five Below will expand its presence in Texas by opening 11 stores in the Dallas-Fort Worth area on Sept. 12, 2013. The teen retailer’s entry into Dallas follows four successful store openings in Austin, completed in August of this year.

“The Dallas-Fort Worth area, like Austin, has a healthy economy and is home to the family-centric communities and value-minded consumers that Five Below serves best,” said Tom Vellios, CEO and co-founder of Five Below, Philadelphia, whose goods are all priced at $5 and below. “In addition to providing a fresh assortment of tech, fashion, beauty, crafts, and seasonal must-haves for teens and pre-teens, our Dallas-Fort Worth stores will be stocked with Dallas Cowboys and University of Texas team products, Texas-themed t-shirts, Texas-themed party goods, and more, all priced between $1 and $5.”

Five Below’s expansion into the Dallas-Fort Worth marks the retailer’s strongest market debut to date, besting the 2010 Chicagoland record of 10 store openings in a single day. The chain is on target to open 60 stores throughout various locations in 2013, and more than 100 stores over time in Texas.

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Target sets opening dates for 23 more Canadian stores

BY Dan Berthiaume

Minneapolis — Target Corporation will open 23 new stores in Canada this fall, including its first stores in Quebec and Nova Scotia, along with additional Ontario locations in Ottawa and surrounding area. Fourteen stores will open on Sept. 17, and nine on Oct. 18.

The majority of the 23 locations will feature a licensed Starbucks, as well as an in-store pharmacy. As recently announced, the majority of stores in Quebec will offer Brunet pharmacies, which are scheduled to open starting in summer 2014. Sixteen of the stores will open in Quebec, while five will open in Ontario, and three will open in Nova Scotia. Target currently has 68 stores open across Canada with plans to open a total of 124 locations by the end of 2013.

"We look forward to opening our first stores in Quebec and Nova Scotia as we carry out an unprecedented retail expansion covering all ten provinces across Canada this year," said Tony Fisher, president, Target Canada. "Quebec, Nova Scotia and Ontario offer a variety of culturally diverse markets and we look forward to serving our new guests and engaging with these great communities."

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