REAL ESTATE

Express makes Canada debut, plans 56 stores in five years

BY Katherine Boccaccio

New York City — Express said Thursday that it has opened its first Canadian location, a 10,000-sq.-ft. store at Fairview Mall in Toronto.

The retailer said it plans to open a total six stores in Canada by the end of 2011, and an additional 50 stores across the country over the next five years.

In November, Express will have three locations opening in Calgary at Southcentre, Chinook Centre and Market Mall as well as an additional store in Toronto at Square One.

"Canada is the perfect country for Express’ first foray into wholly-owned international bricks and mortar locations thanks to its cosmopolitan cities filled with young, fashionable men and women," said Michael Weiss, president and CEO of Express.

The product assortment in Canada will mirror that of U.S. stores, according to the company. Store design will feature a white color palette with black accents, white lacquer fixtures and an open ceiling plan.

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REAL ESTATE

Macy’s going smaller in Pittsburgh

BY Marianne Wilson

New York City — Macy’s is reducing the size of its store in downtown Pittsburgh from nine floors of retail space to six (plus a mezzanine).

The company has been moving some departments to lower floors since early this year. The store will remain open during the renovations.

"The store is being reconfigured for better flow among departments, making shopping easier and more convenient," the company said in a statement.

After the consolidation, Macy’s Pittsburgh’s flagship will have about 525,000 sq. ft. of space, making it about twice the size of the typical suburban store.

All 363 Macy’s employees will remain at the store, the company said.

Macy’s put the 13-story building that houses the store up for sale more than a year ago, with the intent of leasing back retail and office space (it is home to the chain’s regional and district offices). To date, however, it has not found a buyer.

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Hibbett to open nine stores in October

BY Staff Writer

Birmingham, Ala. — Hibbett Sports announced plans to open nine stores in October.

The locations are in Pine Bluff, Ark.; Louisville, Ky.; Ada and Grove, Okla.; Aiken, S.C.; Giddings and Nacogdoches, Texas; Grundy, Va.; and Hartford, Wis.

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