Esprit Takes Top Honors in Design Competition
New York City, Esprit’s flagship location in Manhattan was named 2004 Retail Store of the Year in Chain Store Age’s 23rd annual retail design competition. WalkerGroup, New York City, designed the 10,000-sq.-ft. store, which represents the apparel brand’s return to the U.S. market.
In addition to Store of the Year, there were 26 first-place awards, 13 honorable-mention awards and two special awards. A panel of retailers, designers and architects judged the competition.
The winning projects are profiled in the February issue of Chain Store Age. Additional photos are available on www.chainstoreage.com (click on the Industry Data tab).
A Bigger Best Buy
Minneapolis, Best Buy Co. plans to open 73 new stores in its fiscal year beginning Feb. 27, plus two Future Shop stores in Canada. By February 2006, the chain plans to have 688 Best Buy and Magnolia stores in the United States and 144 Best Buy and Future Shops in Canada.
The Finish Line Completes Acquisition
Indianapolis, The Finish Line closed the deal to acquire The Hang Up Shoppes, which does business under the name of Man Alive, for $12 million in cash, plus a potential earnout of up to $6 million in cash.