REAL ESTATE

Kohl’s opens 21 stores in 15 states

BY CSA STAFF

Menomonee Falls, Wis. Kohl’s Corp. is celebrating the opening of 21 stores, creating almost 3,000 jobs in 15 states.

Kohl’s new stores, which opened Wednesday, are located in Alabama; California; Florida; Illinois; Kansas; Kentucky; Louisiana; Maryland; Minnesota; Missouri; Nevada; New Mexico; New York; Ohio; and Pennsylvania. With the new locations, the company now operates 1,089 stores in 49 states.

Aside from the new stores, Kohl’s said it is remodeling a total of 85 existing locations in 2010.

The retailer also announced that it has opened a customer service and operations center in San Antonio, that will serve its credit-card and online customers. The facility has hired about 200 workers and plans to add more than 1,000 jobs over the next three years.

Kohl’s has two other customer service and operations centers in Corsicana, Texas, and Menomonee Falls, Wis.

On Tuesday, Kohl’s rival J.C. Penney Co. said it would open three new stores next year as part of a long-term plan to boost sales and reach more middle-income shoppers.

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REAL ESTATE

Borders to open 25 holiday pop-up stores

BY CSA STAFF

Ann Arbor, Mich. Borders Group announced it will open 25 seasonal Borders Express stores nationwide to serve customers during the holiday season. The stores are expected to officially open Oct. 25 and will operate through Jan. 31.

Averaging about 2,500 sq. ft., each store will carry top titles and big new releases, Halloween and holiday-themed items, a selection of kids books, plush and toys as well as an assortment of e-Readers and related accessories.

“The majority of these stores are located in malls where we had a presence at one time,” said Mike Edwards, CEO of Borders. “Where it didn’t make business sense for us to operate stores on a permanent basis in these areas, we can open a seasonal store and serve the holiday shopping needs of our customers.”

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REAL ESTATE

Simon Property Group and Eye expand media agreement to 60 additional malls

BY CSA STAFF

Indianapolis Simon Property Group, and media specialist Eye announced a new alliance that gives Eye advertising rights, commencing January 1, 2011, to an additional 60 Simon malls in 18 states across the United States.

New properties being added to the mix include retail landmarks such as Roosevelt Field in New York; Lenox Square in Atlanta; Copley Place in Boston; and the Houston Galleria.

The new agreement builds on Eye and Simon’s existing business relationship and positions Eye as the number one retail media operator in terms of presence across North America. Eye already holds advertising rights in 103 Simon properties.

“We are excited about broadening our relationship with Eye,” said Mikael Thygesen, Simon’s chief marketing officer. “Eye is singularly committed to mall media in the United States and has demonstrated a desire to aggressively grow the category. We’re looking forward to working with them in the years to come to do just that.”

Eye’s offering of freestanding advertising directory units are strategically placed in high-traffic locations throughout the mall environment — including at entrances, near escalators, and in food courts — ensuring advertisers’ messages reach the diverse cross-section of Americans who visit the mall frequently.

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