REAL ESTATE

Deckers opens brand showcase store

BY Dan Berthiaume

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Goleta, Calif. — Deckers Outdoor Corporation is opening its inaugural brand showcase store at the company’s new headquarters in Goleta, Calif. The flagship store delivers an elevated environment for Deckers brands to display their core heritage footwear, as well as seasonally significant offerings, while serving as an innovation lab to continually test new technologies and merchandising approaches, aimed at further improving the omni-channel customer experience.

Customers have the option to pick up their purchased product in-store or ship overnight, free of charge. On track to be certified as LEED Silver for the store’s sustainable design elements, the 8,000-plus-sq.-ft.location incorporates a blend of unique, varied materials, including walnut, hot rolled steel, exposed concrete, and gloss white laminate. The interior and exterior material reflects the diverse range of footwear and related products that Deckers offers. Approximately 30 full-time, part-time and seasonal employees are expected to be employed as a result of the store opening.

"Our new store will serve as the showcase for all of Deckers’ brands and our expression of next generation retail,” said Dave Powers, president of omni-channel for Deckers. “With the launch of this ‘innovation lab,’ we’re better able to listen to customers’ feedback, make product and service adjustments more efficiently, and heighten the overall customer experience. Shop in store using iPads, customize your product, order online, ship direct to your home free of charge or pick up in store.”

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REAL ESTATE

Report: Northbrook, Ill., considers retail development

BY Dan Berthiaume

Northbrook, Ill. – Trustees of Northbrook, Ill. reportedly are considering a 43,000-sq.-ft. retail development. According to the Chicago Tribune, the development sits on a four-acre parcel near the border with Glenview, Ill., which is owned by Svigos Asset Management.

The development would reportedly include a grocery store, two drive-through fast-food or coffee retailers and about 200 parking spots. One building would be almost twice as large as the other and the developers’ preliminary list of potential occupants includes Fresh Thyme Farmer’s Market, PetSmart, Starbucks and McDonald’s.

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FINANCE

Sprouts proposes stockholder sale of up to 15 million shares

BY Dan Berthiaume

Phoenix — Sprouts Farmers Market Inc. has filed a Registration Statement on Form S-1 with the Securities and Exchange Commission in connection with the proposed sale in an underwritten offering of up to 15 million shares of its common stock by affiliates of Apollo Global Management LLC and certain other stockholders of the company. Sprouts is not selling any shares and will not receive any proceeds of this offering.

The offering will be made through an underwriting group led by Goldman, Sachs & Co., Credit Suisse, BofA Merrill Lynch, Apollo Global Securities, Barclays, Deutsche Bank Securities, UBS Investment Bank, Guggenheim Securities and Wolfe Research Securities. Goldman, Sachs & Co., Credit Suisse and BofA Merrill Lynch are acting as joint book-running managers of the offering and the representatives of the underwriters.

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