REAL ESTATE

Juicy Couture to expand U.S. stores, global brand

BY Dan Berthiaume

New York – A series of new concept Juicy Couture stores will be opened in the U.S. and Canada beginning in 2015. The new stores will be in key, high traffic locations such as New York City, Los Angeles and Vancouver, and will replace existing Juicy Couture stores in the U.S.

The brand will continue to expand upon its nearly 200 retail locations in key international markets, working with partners in Asia, Europe (FF Group) and the Middle East (MAF) and another 127 stores and shop-in-shops are expected to open during the next five years in major cities across the globe.

The Juicy Couture Black Label Collection, now available worldwide, is being expanded by new owner Authentic Brands Group LLC (ABG) with new offerings in intimates, kidswear and footwear, with a focus on opening girl’s and intimates free-standing shops internationally. The global Juicy Couture Black Label Collection also will be enhanced through partnerships with Elizabeth Arden (fragrance), Steve Madden (footwear), Movado (watches), Safilo (eyewear), Contour (tech accessories) and Swimwear Anywhere (swimwear).

In addition, ABG is re-launching JuicyCouture.com, the global e-commerce and brand site.

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REAL ESTATE

Maurices plans 15 new stores

BY Dan Berthiaume

Duluth, Minn. – Specialty young women’s apparel store Maurices plans to open 15 new stores, including seven grand openings and eight reopenings, through the middle of July. The new stores include:

Grand Openings:
June 27: Lufkin, Texas at Lufkin Mall and Greensburg, Indiana, at Greensburg Crossing.
July 4: Aurora, Colorado, at The Gardens on Havana.
July 5: Hoffman Estates, Illinois, at Poplar Creek Crossing.
July 18: Deridder, Louisiana at Park Terrace; Lafayette, Louisiana, at Acadiana Mall; Saskatoon, Canada at Mall at Lawson Heights.

Reopenings:
June 27: Brownwood, Texas, at Commerce Square; South Burlington, Vermont, at University Mall; Yankton, South Dakota, at The Shoppes at Yankton.
June 28: Glenwood Springs, Colorado, at Glenwood Meadows.
July 4: Cheyenne, Wyoming, at Frontier Mall and Johnson Creek, Wisconsin at Johnson Creek Premium Outlet.
July 11: Litchfield, Illinois, at Litchfield Plaza.
July 18: Lapeer, Michigan, at K Mart Center.

Maurices currently operates more than 900 stores and hopes to reach a count of 1,300 stores across the U.S. and Canada.

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REAL ESTATE

Simon promotes Andrew Juster to CFO

BY Michael Fickes

Indianapolis — Simon Property Group has announced that Andrew Juster, a 25-year Simon veteran, will move up to the post of CFO in early 2015, succeeding retiring CFO Stephen E. Sterrett. Juster has served as Simon’s treasurer since 2000, managing the company’s capital market activities, implementing its corporate financing strategy, maintaining banking and lending relationships, leading the treasury function and managing Simon’s relationships with rating agencies.

Brian McDade, senior VP, capital markets, who has been with Simon for 10 years, will become Simon’s treasurer.

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