DSW to test smaller format
New York — DSW plans to test a smaller-store format that will run about 10,000 sq. ft., down from its average 22,000-sq.-ft. model.
DSW did not disclose where the tests would be. But CEO Mike McDonald told securities analysts that, if successful, the small-format stores “will create a new growth vehicle for DSW, which could significantly expand our store count potential,” Columbus Biz Insider reported.
DSW is on track to open 30 stores in 2013.
10,000 sq. feet doesn't appears to be a small store area even if others have been 22,000. And as the name and fame is already at the peak, the response could be well imagined.
Francesca’s is fastest-growing apparel chain
New York — Analysts project that Francesca’s, a junior apparel and accessories retailer, will have the retail industry’s fastest rates of growth during the next three years, Bloomberg reported.
Francesca’s plans to expand to 900 stores, or double its current store count, in the next seven years. The chain is projected by analysts to grow sales by 80% during the next three years, faster than any other apparel retailer, according to the report.
I have to give them credit. Francesca's has the look and feel of a locally owned Boutique. No one believes they are a big company with over 400 stores. Good job!
Best Buy renews at Aventura Commons
Aventura, Fla. — Best Buy has signed a long-term lease renewal for 45,729 sq. ft. at Aventura Commons in Aventura, Fla., according to the Berkowitz Development Group, the landlord.
Other national tenants in the 267,000-sq.-ft. center include Target, Whole Foods, PetSmart and Ulta.
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