REAL ESTATE

Hodgdon-Miank completes Phase I renovation of Pierside Pavilion

BY CSA STAFF

Huntington Beach, Calif. — Colton, Calif.-based Hodgdon-Miank Construction announced that it has completed the first phase of a major renovation of the Pierside Pavilion, a four-level mixed-use complex located in downtown Huntington Beach, Calif.

The $2 million renovation converted a former Mann 6 Theatre into 33,049 sq. ft. of multi-use Class A office and restaurant space. Phase II will include an office upgrade and the addition of a live entertainment venue.

As part of the first phase, Hodgdon-Miank performed extensive interior and exterior modifications to the mixed-use center, and renovated a two-level, 118,790-sq.-ft. subterranean parking structure. To accommodate the re-use, the building required considerable structural upgrades on all four levels, including additional brace frames, column strengthening, enlarged footings and removal of a majority of the original theater floors to meet the new design load. Approximately 6,200 sq. ft. of mezzanine was added for additional office space.

Hodgdon-Miank Construction worked closely with Eco Barnes Design Group, Ficcadenti & Waggoner structural engineers and the City of Huntington Beach.

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FINANCE

Duckwall-Alco loss widens in Q3

BY CSA STAFF

Abilene, Kan. — Duckwall-Alco Stores reported Friday that its loss for the quarter ended Oct. 31 widened from $1.4 million to $2 million.

The small-town retailer also reported that revenue dropped 0.6% to $110.5 million. Same-store sales decreased 2.3%, which was an improvement over the second-quarter same-store sales drop of 7.2%.

The company has been in the throes of a turnaround plan that includes the shuttering of the Duckwall-branded stores; a remerchandising and reset of all 214 Alco stores to expand key trip-driving departments, such as food, paper and cleaning products; updated graphic signage; improved value proposition in the consumables businesses; and new space management tools designed to improve shelf productivity.

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FINANCE

Genesco reports payment card criminal intrusion

BY CSA STAFF

Nashville, Tenn. — Genesco reported on Friday a criminal intrusion into the portion of its computer network that processes payment card transactions for its U.S. Journeys stores, Journeys Kidz, Shi by Journeys and Johnston & Murphy stores, and for some of its Underground Station stores.

The retailer announced that it took immediate steps to secure the affected part of its network and said it believes the intrusion has been contained.

"Since we learned of the intrusion, we have worked diligently with outside experts to protect our customers’ information and we are confident that they are safe shopping with their credit and debit cards at our stores,” said Robert J. Dennis, Genesco chairman, president and CEO.

While the extent of the intrusion is not yet known, the company is investigating with the help of an outside expert to determine how much customer information was compromised. According to Genesco, it is possible that the credit or debit card number, expiration date and card verification code of some payment cards used at stores in the affected chains may have been acquired without authorization during the intrusion.

The company did say, however, that it does not believe that personal information, such as names, addresses or Social Security numbers, was compromised. It also said that it does not believe that its e-commerce or catalog businesses, Lids Sports businesses or Canadian stores were affected by the intrusion.

Genesco said it is cooperating with law enforcement to identify the hackers.

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