Golf Galaxy Prepares for IPO
Minneapolis, Golf equipment and apparel retailer Golf Galaxy plans an initial public offering of 3.3 million shares for between $11 and $13 per share. The company is selling 3 million shares while shareholders plan to sell 333,000, according to an amended offering document filed with the U.S. Securities and Exchange Commission. The company is seeking a listing on Nasdaq under the symbol “GGXY.”
The Mills Corp. Opens Pittsburgh Mills
Arlington, Va., Mills Corp. opened Pittsburgh Mills in Frazer Township, Pa., 16 miles northeast of Pittsburgh. This will be the first property owned by the Mills Corp. to have both an enclosed regional mall and an adjacent open-air center.
Galleria at Pittsburgh Mills, the enclosed mall, is 1.1 million sq. ft. and houses more than 175 retailers. It is the first Mills property to house full-price department stores such as J.C. Penney and Kaufmann’s. Galleria also will include retail stores new to the Pittsburgh area, including Forever 21 and Johnny Rockets.
The Hits Keep Coming: Myinks.com Moves Fastest
New York City, The site www.myinks.com jumped 15,934 positions to the rank of the 2,048th most visited retail Web site for the week ending on July 9. The increase in market share for the on-line inkjet superstore of 740% made it the fastest moving retail Web site of the week, according to Hitwise.com, the on-line intelligence firm. 101inks ranked third among fast movers, with an increase in market share of 478%.
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