Englewood Construction completes five retail projects
Chicago — Englewood Construction, announced it has completed construction on five retail projects in the Chicago and Washington, D.C., regions.
In the Chicago area, the firm finished construction of a 21,654-sq.-ft. Hhgregg store in Joliet, a 33,115–sq.–ft. Sears outlet in Naperville and a Mrs. Fields/TCBY Yogurt at Westfield Old Orchard shopping center in Skokie.
Newly completed Washington, D.C.-area projects include a 20,000-sq.-ft. American Girl boutique store, located at the Tyson’s Corner Center shopping center in McLean, Va., and a Calvin Klein Underwear store in downtown Washington D.C.
Survey: National brands gaining ground
New York City — While the majority of global consumers still perceive store brands to be the same as or better than national brands, a one year trend analysis indicates that their positive perceptions toward store brands may be starting to decline slightly. This is the latest finding from a study conducted by Ipsos Marketing, Consumer Goods.
“Our data indicates that store brands still pose a strong challenge to national brands, but perhaps consumers are becoming a little bit more discerning about the benefits delivered by national brands,” said Gill Aitchison, president, Ipsos Marketing, Global Shopper & Retail Research. “We see that store brands, which initially distinguished themselves as being a low-cost alternative and evolved to offering what many consumers perceive as products comparable to national brands, are showing signs of vulnerability.”
Consumers from around the world were asked to compare store brands to national brands on a host of attributes. On key dimensions, including providing good value for the money, meeting their needs, offering convenience, being good for their families, and offering products their family requests, over 80% of global consumers indicated that store brands are the same as or better than national brands.
However, compared to the same study conducted a year prior, store brand ratings declined somewhat, most notably in the areas of being environmentally-friendly, high-quality, trustworthy, unique and innovative. Taste, efficacy of household products and packaging appeal slipped as well.
Regency leases 8,600 sq. ft. to four new tenants in Houston market
Houston — Jacksonville, Fla.-based Regency Centers said it has leased 8,600 sq. ft. of retail space in Houston to four new tenants.
In The Woodlands, Zoës Kitchen leased 3,018 sq. ft. at Sterling Ridge Village Center, bringing the center to 100% occupancy. The restaurant is slated to open in December. Optometry office Woodland’s Eye Center leased 2,019 sq. ft. for an October opening at Indian Springs Center, bringing the center to full occupancy.
Orange Leaf Frozen Yogurt is scheduled to open in 1,875 sq. ft. at the 96% leased Sweetwater Plaza in October, and Orange Lunch Box will open a 1,700-sq.-ft. restaurant at Woodway Collection in December.
Sterling Ridge Center, a 128,643-sq.-ft. shopping center anchored by Kroger alongside national retailers such as CVS/pharmacy, Quiznos, Sport Clips and The UPS Store, is located at 6700 Woodlands Parkway in The Woodlands. H-E-B anchored Indian Springs Center is a 136,624-sq.-ft. neighborhood center located at Kuykendahl Road and Woodlands Parkway. Sweetwater Plaza is a 134,000-sq.-ft. Kroger center located at 4755 Sweetwater Blvd. in Sugar Land. Woodway Collection, which is currently undergoing a redevelopment, is located at 1407 South Voss Road with national retailers such as Randalls, Pearle Vision and Carrabba’s Italian Grill.