REAL ESTATE

Daffy’s starts expansion push

BY CSA STAFF

New York City — Off-price retailer Daffy’s is launching an expansion push, including opening a store in Manhattan’s Times Square in the former home of the New York Times, Crain’s New York Business reported.

The 28,000-sq.-ft. Times Square store, to be located on West 44th Street between Seventh and Eighth avenues, is slated to open fall 2011. The store will have a ground-floor entrance, but the bulk of the space will be on the basement level.

This will be Daffy’s 19th location in and around New York City. A Bronx store, at Bay Plaza, is slated to open spring 2011 and the company has announced plans to add a total of 14 New York-area stores before 2015. A national expansion is also underway, according to Crain’s.

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REAL ESTATE

Timberland to expand in China

BY CSA STAFF

Stratham, N.H. — A Tuesday report by the Wall Street Journal said that outdoor gear retailer Timberland will expand its presence in mainland China from 110 stores currently to double that number.

According to the company’s president and CEO, Jeffrey Swartz, who was interviewed by WSJ, the retailer sees the potential to more than double its doors in the next three years.

Swartz said one way his company can connect with Chinese consumers is by highlighting its environmental credentials.

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Waldin Jewelers opens at Francis Scott Key Mall

BY CSA STAFF

Frederick, Md. — Philadelphia-based Pennsylvania Real Estate Investment Trust (PREIT) said that Waldin Jewelers has opened at Francis Scott Key Mall, in Frederick, Md.

The 1,103-sq.-ft. retailer is located in the Center Court of the mall.

Francis Scott Key Mall is owned and managed by PREIT.

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