REAL ESTATE

DSW opens new Massachusetts store

BY Staff Writer

Columbus, Ohio – Footwear/accessories retailer DSW Inc. opened a new store in Braintree, Mass., on May 18. The new store is located at 250 Granite Street.

DSW currently operates 377 stores in 42 states, the District of Columbia and Puerto Rico.

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REAL ESTATE

Family Dollar recognizes Trade Area Systems

BY Staff Writer

Matthews, N.C. – Family Dollar presented its annual Strategic IT Partner of the Year award to Trade Area Systems at its IT Strategic Partner last month. In September 2012, Family Dollar implemented the Trade Area Systems TAS Unity solution to give real estate managers mobile access to a database of real estate photos, comments and other relevant data.

“In retail real estate, having visibility to the latest data and information is critical for our management teams,” said Brian Strickland, divisional VP of portfolio management at Family Dollar. “Through the implementation of TAS Unity, we have been able to improve visibility for the real estate management team and enhance collaboration between internal teams.”

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REAL ESTATE

Macy’s to close St. Louis store

BY Staff Writer

Cincinnatti — Macy’s plans to close a store located in downtown St. Louis at the Railway Exchange Building on Olive Street, with a final clearance sale beginning Sunday, June 2 that is expected to last about 10 weeks. Macy’s plans to continue operating its other eight stores in the Greater St. Louis area.

As a result of closing the 189,000-sq.-ft.-location, Macy’s will lay off some or all of its 94 employees but will offer displaced associates other positions wherever possible. About 100 employees who work in corporate positions in offices in the Railway Exchange Building will be relocated to other facilities.

“We have worked hard to reinvigorate our downtown business, including remodeling, downsizing and re-focusing the store in 2011,” said Macy’s chief store officer Peter Sachse. “But unfortunately, the level of customer activity we see no longer justifies keeping the store open.”

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