REAL ESTATE

Gap opening outlet store in Italy

BY CSA STAFF

San Francisco — Gap will enter the Italian outlet center market, opening a namesale store at the Vicolungo Outlet Center near Milan, on June 2.

“Opening only six months after the successful launch of our first flagships in Italy, this new store represents the fastest execution of our international strategy to date; adding our Outlet channel where we have been in-market for a period of time,” said Stephen Sunnucks, president, International, Gap. “With such a strong initial response from our customers, we will continue to expand our presence in Italy with our first stores in Rome and two additional Gap stores in outlet centers later this year.”

Gap currently operates more than 370 stores through its Outlet channel. Over the last four years, Gap’s international outlet store base has increased over 500% across the United Kingdom, Canada and Japan. Gap plans to grow this channel further with about 25 additional international stores in 2011 and through new market entries, such as China in 2012.

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REAL ESTATE

Mom’s Organic Market opens in Baltimore area

BY CSA STAFF

New York City — Mom’s Organic Market has opened its seventh store, in Timonium, Md. Along with featuring 100%-certified organic produce, and organic and natural grocery products, the new Mom’s was built with the environment in mind.

"We believe that we are the most environmentally-responsible grocery chain in the country," said Scott Nash, who founded Mom’s in 1987 with a $100 investment, in a report in The Gourmet Retailer.

Like all other Mom’s units, the Timonium store is powered by 100% wind power. Skylights and LEDs illuminate the aisles, and energy-efficient, closed-door coolers help reduce the need for heating and cooling.

Outside, two electric car charging stations are available for public use for free.

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Target reveals initial locations in Canada

BY CSA STAFF

Minneapolis — Target Corp. on Thursday unveiled the first wave of the Zellers sites it will be taking over in Canada, representing 105 locations in all 10 Canadian provinces. The vast majority of the sites will become Target stores after securing the necessary construction approval for extensive renovation. The stores will open beginning in 2013.

The majority (45) of the locations are in Ontario, with 19 in Quebec. The other Canadian locations include 15 in British Columbia, 13 in Alberta, five Manitoba, two each in Saskatchewan, Nova Scotia and Newfoundland and Labrador, and one each in New Brunswick and Prince Edward Island.

Each selected site is subleased to Zellers and will continue to operate as a Zellers store for some time. Six to nine months prior to opening as Target stores, the majority of stores will be closed for significant remodeling. On average, about $10 million will be invested in remodeling each location

“We look forward to completing our selection process during the next several months, moving us one step closer to delivering the Target brand shopping experience to our Canadian guests." said Tony Fisher, president, Target Canada.

Target also announced that it Canadian headquarters will be located in Mississauga, Ontario. The company will occupy about 180,000 sq. ft. in a building that was built to LEED (Leadership in Energy & Environmental Design) Gold standards and is owned by Healthcare of Ontario Pension Plan. After some remodeling, the majority of Target’s Canadian corporate team will begin occupying the space in early 2012.

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