REAL ESTATE

Dillard’s to Up Fashion Quotient

BY CSA STAFF

Little Rock, Ark. As part of its turnaround strategy, Dillard’s plans to offer more fashionable merchandise in hopes of positioning itself above Macy’s and Belk, and below Nordstrom and Bloomingdale’s, according to WWD.com.

The company is “trying to evolve from moderate to better prices and update from traditional, basic product to more enticing fashion assortments,” said William T. Dillard III, VP of accessories, intimate apparel and shoes at Dillard’s.

 Dillard’s new stores are also smaller, measuring about 170,000 sq. ft. They are located in open-air lifestyle centers, compared with the retailer’s previous 200,000-sq.-ft. prototype, located in traditional malls.

Dillard’s will open nine new stores this year, all in open-air lifestyle centers in smaller markets.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Are you hiring seasonal employees this year?

View Results

Loading ... Loading ...
REAL ESTATE

Safeway to Test New Format

BY CSA STAFF

Pleasanton, Calif. Safeway CEO Steve Burd confirmed on Thursday that it plans to test a new, smaller store format this year. The move comes as another smaller grocery-store concept, Tesco’s new Fresh & Easy Neighborhood Market, expands in Safeway’s home state of California.

Safeway is expected to open the first stores somewhere in Northern California, near its corporate home.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Are you hiring seasonal employees this year?

View Results

Loading ... Loading ...
REAL ESTATE

Report: Fresh & Easy Not Meeting Sales Goals

BY CSA STAFF

New York An industry consultant said that Fresh & Easy Neighborhood Market stores have not yet come close to achieving the sales levels Tesco officials were originally hoping for, according to supermarketnews.com.

Speaking on Wednesday with investors in the United States and United Kingdom in a conference call sponsored by New York-based Citigroup, Jim Prevor said the 52 Fresh & Easy stores that have opened since November are averaging weekly sales volumes of $50,000 to $60,000, or about $5 per square foot—below the goal of $200,000 a week and $14-$22 in sales per square foot the company had projected.

Prevor said the volume estimates are based on discussions with competitors, vendors, industry observers and Fresh & Easy store managers.

In other news, Fresh & Easy Neighborhood on Thursday opened the doors to its 50th store in Palm Desert, California.

Last month, the company announced an expansion into Northern California, with 18 stores in the Bay Area slated to begin opening in 2009.

Fresh & Easy will open an additional three stores by the end of the week—one in North Las Vegas and two in Henderson, Nev. An announcement of store locations in the Sacramento region will occur by the end of the month.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Are you hiring seasonal employees this year?

View Results

Loading ... Loading ...