FINANCE

Hot Topic same-store sales up 0.4% in June

BY Staff Writer

City of Industry, Calif. — Hot Topic reported Wednesday that its June same-store sales year rose 0.4%. Analysts, on average, had expected same-store sales to fall 2.4%, according to Thomson Reuters.

Total sales for the five weeks ended July 2 fell 1.8% to $58 million.

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REAL ESTATE

Westwood Financial sells center in Lone Tree, Colo.

BY Staff Writer

Lone Tree, Col. — Westwood Financial Corp. has sold the 34,749-sq.-ft. Heritage Hills Shopping Center in Lone Tree, Colo., as part of its efforts to strengthen its strategic investment in new Southeastern U.S. markets. The retail property, located at 9227-9231 Lincoln Ave., was in Westwood Financial’s portfolio for 11 years and sold to Carlisle Properties for $11.4 million.

“We see an opportunity to expand our scope in the Southeast utilizing the capital gained from this transaction,” said Joe Dyksra, executive VP Westwood Financial Corp. “While our immediate plans will be to own the anchor space, Westwood Financial will also be re-deploying funds gained from this particular transaction into the Southeast market.”

The 18-unit Heritage Hills Shopping Center was built in 1999 and currently is 96% leased.

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HOT CONCEPTS

Duane Reade, Manhattan

BY CSA STAFF

With its array of in-store services, expanded food offerings and unexpected amenities, the new Duane Reade flagship in downtown Manhattan, pushes the envelope of drugstore retailing — and it does so with a style and ambience that sets it apart from the competition.

The 22, 000 sq. ft. store is located in the Trump Building at 40 Wall Street, once the tallest building in the world, in a cavernous space that was formerly home to a bank. With its vaulted ceilings and marble columns, the refashioned interior combines the building’s historic architecture with decidedly contemporary elements, starting with a high-tech holographic “virtual” greeter that welcomes customers. In a nod to its location, there is also a NYSE ticker. The interior was designed by CBX, New York.

Click here for the complete story.

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L.Jandayan says:
Mar-07-2013 11:06 am

Arts as a business is such an
Arts as a business is such an expensive one on the part of the consumers. Drugstores are also a in demand business due to the fact that a lot of people in this new generation has already a lot of serious problems at an earlier age. - J. Kale Flagg

L.Jandayan says:
Mar-07-2013 11:06 am

Arts as a business is such an expensive one on the part of the consumers. Drugstores are also a in demand business due to the fact that a lot of people in this new generation has already a lot of serious problems at an earlier age. - J. Kale Flagg

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Consumer confidence is high. Is that reflected in your stores’ revenues?

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