REAL ESTATE

Fresh & Easy to close 12 stores

BY Marianne Wilson

New York City — Fresh & Easy Neighborhood Market, the U.S. division of Tesco, plans to close 12 underperforming stores, according to the Orange County Register. The company, however, left open the door to re-opening the stores at a later date.

"At this time, there is simply not enough growth in sales and customers at these stores to keep them open. We will close these stores over the coming weeks and we will re-open them when economic and business conditions warrant," said Fresh & Easy spokesman Brendan Wonnacott in the report.

Fresh & Easy is still planning to grow in areas where it makes sense, according to Wonnacott. The chain plans to open at least 24 more supermarkets on the West Coast, including four in Orange County.

Of the 12 Fresh & Easy stores to be shuttered, nine are in Southern California.

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REAL ESTATE

DSW to accelerate 2012 store openings to 35-40

BY Katherine Boccaccio

Columbus, Ohio — DSW Inc. said Tuesday it will open between 35 and 40 stores in 2012, up from an initial plan of 15 to 20 new stores this year.

The footwear and accessories retailer also raised its annual earnings guidance.

“The expansion of our footprint into new and existing markets is a key growth initiative for us,” said Mike MacDonald, president and CEO, DSW Inc.

The majority of the new stores are slated to open in the second half of 2012, according to the company.

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Nordstrom Rack to open in Tysons Corner, Va.

BY Staff Writer

Seattle — Nordstrom plans to open a Nordstrom Rack in Tysons Corner, Va. The approximately 42,000-sq.-ft., two-level store is scheduled to open during fall 2012.

Nordstrom Rack will open in the former Filene’s Basement space and join tenants Morton’s Steakhouse, Bertucci’s restaurant and Bank of America in a 215,000-sq.-ft. mixed-use project. The project is owned by Rocks Tysons Two LLC and managed by Allen & Rocks, Inc. with KLNB Retail handling leasing.

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P.Lopez says:
Apr-10-2013 01:29 pm

The project is owned by Rocks Tysons Two LLC and managed by Allen & Rocks, Inc. with KLNB Retail handling leasing. chatrandom

P.Lopez says:
Apr-10-2013 01:29 pm

The project is owned by Rocks Tysons Two LLC and managed by Allen & Rocks, Inc. with KLNB Retail handling leasing. chatrandom

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