Fashion Outlets of Chicago announces tenant lineup
New York — Fashion Outlets of Chicago, a new mall due to open in August near O’Hare International Airport, on Tuesday announced its tenant list.
The two-level, 530,000-sq.-ft. center will be anchored by a Bloomingdale’s outlet, Last Call by Neiman Marcus, Saks Fifth Avenue Off 5th and Forever 21.
The 100-retailer lineup also includes Banana Republic, Barneys New York, J.Crew, Michael Kors, Nike, and Tory Burch. See the full list here.
The mall will also have nearly 20 dining options.
“The era of the shopper and the community being estranged from one another and the mall as a remote appendage doesn’t work any longer,” said Arthur Weiner, chairman of AWE Talisman, Fashion Outlets’ Coral Gables, Fla.-based co-developer. “We’re integrating fashion, food, art and shopping.”
Report: Publix not interested in acquiring Harris Teeter
New York — Despite rumors to the contrary, Publix is not interested in acquiring Harris Teeter, according to The Ledger.
Publix is in the midst of its first expansion into North Carolina, with plans to open two stores in the Charlotte area in 2014.
Officials with Harris Teeter recently confirmed that the 208-store chain will consider offers from potential buyers.
A February report from Reuters said large grocery chains, such as Publix and Kroger, would likely consider purchasing Harris Teeter, but Publix spokesman Maria Brous brushed off that idea, the Ledger reported.
Harris Teeter No. 34 in the
Harris Teeter No. 34 in the 2012 "Top 75 Retailers & Wholesalers" based on 2011 fiscal year sales of $4.3 billion. was founded by two entrepreneurs, William Thomas Harris and Willis L. Teeter.As of December 2012 Harris Teeter has 211 stores. - Scott Sohr
Sally Beauty Holdings in $700 million share repurchase program
Denton, Texas — Sally Beauty Holdings announced that its board has approved a new share repurchase program authorizing the company to repurchase up to $700 million of its common stock. The announcement is the first repurchase authorized by the company in 2013, but the third in the last 12 months.
In August 2012, Sally Beauty announced the approval of a share repurchase program to repurchase up to $300 million of its common stock and, in May 2012, the company repurchased approximately $200 million of its common stock. As of March 5, the company has repurchased $266.4 million of its common stock under its $300 million repurchase program announced in August 2012.
“Our strong cash flow allows us to continue the repurchases of our stock while continuing to invest in growth opportunities and other long-term initiatives,” said Gary Winterhalter, chairman, president and CEO. “We believe our recent stock repurchases have returned value to our shareholders and this new share repurchase program underscores our continued commitment to building shareholder value.”