ECOMMERCE

Lids, Bleacher Report team on new e-commerce site, retail presence

BY Katherine Boccaccio

Indianapolis — Specialty retailer and team dealer Lids Sports Group said Wednesday it has teamed with Internet sports media destination Bleacher Report to launch a Bleacher Report Store site in connection with BleacherReport.com.

Through the agreement, Lids will develop, host, maintain and be responsible for the retail operations of the Bleacher Report Store. A specific “Shop” link will appear on the Bleacher Report website, as well as the mobile app, to drive fan followers to the new online Bleacher Report Store.

“Just as Bleacher Report is trying to revolutionize the way sports fans get their information, Lids Sports Group’s efforts are focused on revolutionizing the way those individuals get team merchandise, to truly set ourselves apart from others as the premier retail destination for sports fans,” said Ken Kocher, Lids Sports Group president.

Specific terms of this agreement have not been disclosed.

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News

Ikea plugs in to solar in NJ

BY CSA STAFF

PARAMUS, N.J. — Ikea has officially plugged in the solar energy system installed at its location in Paramus, N.J.

Ikea contracted with REC Solar for the development, design and installation of the customized solar power system. The 132,000-sq.-ft. PV array consists of a 1,063-kW system, built with 4,620 panels. It will produce approximately 1,359,100 kWh of clean electricity annually, the equivalent of reducing 1,033 tons of carbon dioxide, eliminating the emissions of 184 cars or powering 117 homes yearly.

Ikea owns and operates each of its solar PV energy systems atop its buildings – as opposed to a solar lease or power purchase agreement. The Paramus installation is the 17th completed solar energy project for the chain in the United States, with 20 more locations underway. The Swedish home furnishings retailer’s eventual U.S. solar presence will near 85% and generate 30.8 MW.

The 375,000-sq.-ft. Paramus store opened in July 2003.

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REAL ESTATE

Simon launches construction on Shisui Premium Outlets

BY Staff Writer

Indianapolis — Simon Property Group said Wednesday that, in partnership with Mitsubishi Estate Co., it began construction of Shisui Premium Outlets (Shisui Town, Inba District, Chiba Prefecture), the ninth Premium Outlet Center in Japan.

Phase I, comprising 234,000 sq. ft. of GLA, is scheduled to open in spring 2013 with approximately 100 stores, including international brands, Japanese brands and restaurants. Simon owns a 40% interest in the project.

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