REAL ESTATE

LaVida Massage Wellness Center opens in Cumming, Ga.

BY Michael Fickes

Cumming, Ga. — LaVida Massage Wellness Center will open its seventh location in the greater Atlanta area in October. The new 3,200-sq.-ft. center will be located with in Castleberry Southard Shopping Center in Cumming.

The new center will have 11 regular massage therapy rooms including one dedicated to couples’ massage.

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REAL ESTATE

Lord & Taylor opens in Boca Raton, Fla.

BY Staff Writer

New York — Lord & Taylor, a division of Hudson’s Bay Company, has opened a store at Mizner Park, an open-air, mixed-use center in downtown Boca Raton, Fla. The two-level, 80,000-sq.-ft. store store marks the retailer’s return to the Sunshine State.

The new store features the company’s latest store design, which emulates a classic style but with a new, updated twist. A sense of glamour permeates the space, seen in such details as chandeliers imported from Italy and 300 mannequins that showcase strong fashion statements.

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Safeway to dispose of Dominick’s stores and exit Chicago market

BY Marianne Wilson

Pleasanton, Calif. — Safeway Inc. announced it plans to get rid of its 72 Dominick’s stores in the Chicago area, exiting the market in early 2014.

Safeway’s decision comes after Dominick’s had a net loss of $8.4 million for the third quarter, ended Sept. 7, compared with a loss of $6.2 million in the year-ago period, and a net loss of $21.5 million for the year to date, compared with $16.8 million for the year- ago period.

"The decision to sell Canada Safeway and to exit the Chicago market is consistent with Safeway’s priority of maximizing shareholder value," said Robert Edwards, president and CEO. "These actions will allow us to focus on improving and strengthening our core grocery business. We are continuing to review all of our businesses to optimize our allocation of resources, improve sales and grow operating profits."

Leaving Chicago is the latest strategic move for Safeway. In June 2013, the company announced that it entered into an agreement to sell its Canadian operations through a sale of substantially all of the net assets of CSL to Sobeys Inc., a Canadian food retailer and wholly-owned subsidiary of Empire Company Limited.

Safeway bought Dominick’s in 1998 for about $1.2 billion plus debt.

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