REAL ESTATE

Five Guys to open mall location in Queens

BY Staff Writer

Flushing, N.Y. — Five Guys Burgers and Fries said Monday is has opened a new location at Sky View Center, located in Flushing, N.Y.

The upscale fast-food chain has opened a 2,000-sq.-ft. location on level B of the 800,000-sq.-ft. regional mall, and is one of 200 new franchises opening in 2011 for the chain.

Onex Real Estate Partners is the owner/developer of Sky View Parc, which also welcomed Famous Footwear to the center in August. Other recently opened retailers include specialty Asian grocery store Sky Foods, Old Navy, Bed Bath & Beyond, Best Buy, BJ’s Wholesale Club, Bob’s Discount Furniture, Marshalls, Payless ShoeSource and Target (including a Starbucks and Pizza Hut Express) and restaurants Applebee’s Neighborhood Grill & Bar, Chuck E. Cheese’s.

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OPERATIONS

Survey: Bargain hunting part of shopper experience

BY Staff Writer

Chicago — A survey released Monday by Mintel Inspire found that bargain-hunting has become a desirable pastime among shoppers.

According to the latest data, Mintel found that nearly two-thirds (64%) of U.S. moms said they’re spending more time looking for sales, discounts and coupons, compared with last year, while 28% of U.K. consumers were classified by Mintel as "bargain hunters" due to their dedication to comparing prices and reading online reviews.

"It’s no longer enough to save money, shoppers want to have fun with the savings experience as well," Mintel Inspire managing editor Alexandra Smith said. "Consumers have come to expect reduced prices since the economic downturn, but retailers need to take that discounting a step further with promotions that engage and entertain."

Smith also said that while consumers presently are more open to try new products or venues, it’s the promotions that can entice them to purchase an item or visit a certain store.

"Allowing customers to choose the number and type of deals they receive, coupled with location-based offers will help reduce the potential for savings burnout," Smith noted.

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STORE SPACES

Duane Reade partners with Smith Electric Vehicles in EV pilot

BY Allison Cerra

New York City — Duane Reade said Monday it has added Smith Electric Vehicles’ Newton zero-emission, all-electric commercial trucks to its delivery fleet.

With the addition of these medium-duty trucks, Duane Reade is the first retail pharmacy in the United States to choose fleet electrification through a pilot program with Smith Electric Vehicles, a global supplier of zero-emission, all-electric commercial vehicles.

This pilot program is part of a continued energy initiative at Duane Reade, whereby all new and renovated stores feature 95% to 98% low-heat LED lighting, translating to approximately 40% less power consumption each year, the pharmacy chain said.

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