REAL ESTATE

Five Below to open 50 stores and enter Chicago market in 2011

BY CSA STAFF

Philadelphia — Five Below will open 50 stores in 2011, including its first-ever locations in the Chicago market.

The extreme-value teen retailer said it has signed 12 store leases in the Chicago area. The new stores, scheduled to open in spring, are the first of up to 20 locations that Five Below plans to open in the Chicago market this year. Over the next three to five years, the chain anticipates expanding its foothold in Chicagoland to as many as 60 locations.

"Chicago is the gateway to the Midwest as Five Below continues its expansion," says Tom Vellios, CEO and co-founder of Five Below. "As one of the largest markets in the nation, it holds huge potential for us.”

With the addition of the Chicago stores, Five Below will operate in 15 states from New Hampshire to North Carolina along the East Coast and now in the Midwest.

In October 2010, Five Below, which offers a wide range of merchandise for teens and pre-teens priced at $5 or lower, received an investment from global private equity firm Advent International to help advance the retailer’s growth strategy.

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P.Lopez says:
Apr-10-2013 01:31 pm

Chatrandom
With the addition of the Chicago stores, Five Below will operate in 15 states from New Hampshire to North Carolina along the East Coast and now in the Midwest. Chatrandom

P.Lopez says:
Apr-10-2013 01:31 pm

With the addition of the Chicago stores, Five Below will operate in 15 states from New Hampshire to North Carolina along the East Coast and now in the Midwest. Chatrandom

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Need an app? There’s a Mac Store for that

BY CSA STAFF

CUPERTINO, California – Apple Thursday introduced its Mac App Store, which it claims boasts more than 1,000 free and paid apps. According to the company, the Mac App Store brings the App Store experience to the Mac, enabling users to buy apps using their iTunes account, download and install them in just one step.

“With more than 1,000 apps, the Mac App Store is off to a great start,” said Steve Jobs, Apple’s CEO. “We think users are going to love this innovative new way to discover and buy their favorite apps.”

According to Apple, more than one million apps were downloaded since the Mac Store launched.

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REAL ESTATE

Hawthorn Hills Square launches redevelopment

BY CSA STAFF

Vernon Hills, Ill. — Beachwood, Ohio-based Chase Properties announced that Hawthorn Hills Square in Vernon Hills, Ill., is being redeveloped to coincide with the opening of Dick’s Sporting Goods (December 2010) and PetSmart and Five Below that are expected to open in the spring. Additionally, Noodles will be opening a new freestanding restaurant at the center in the fall.

Situated across from Hawthorn Center Mall, the 200,000-sq.-ft. center will undergo a total façade renovation along with a major re-tenanting program. Tenants at the center include David’s Bridal, Factory Card Outlet, Men’s Wearhouse, Panera Bread and more.

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