REAL ESTATE

Lids to open two new stores in Times Square

BY CSA STAFF

Nashville, Tenn. Hat retailer Lids, a division of Genesco, said Tuesday it has signed two leases in Manhattan’s Times Square, which will bring the total number of Times Square locations to four.

This spring, Lids will open a 1,000-sq.-ft. Seventh Avenue shop at 2 Times Square, between West 47th and West 48th Streets, in the same building where the retailer already has an outpost that opens onto Broadway. In the summer, Lids said it plans to open a 1,340-sq.-ft. spot at 1501 Broadway, between West 43rd and West 44th streets.

The retailer, which already five stores in Manhattan, including two in Herald Square and one at South Street Seaport, is planning further growth into other high-trafficked areas, including Union Square, Grand Central and Penn Station.

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REAL ESTATE

Dunkin’ Donuts opened 171 new U.S. stores in 2009

BY CSA STAFF

Canton, Mass. Dunkin’ Donuts said Monday that it opened 171 new stores in the United States last year.

The chain said it is working for greater exposure in the markets it already serves and also entered a few new markets such as Louisville, Ky.; Birmingham, Ala.; and Dayton, Ohio.

Dunkin’ Donuts opened 351 new locations worldwide and had 131 new signed franchise commitments in the United States in 2009.

The company’s international expansion includes new stores in China; Korea; Thailand; the United Arab Emirates; and the Bahamas.

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REAL ESTATE

Hhgregg to further expand in Baltimore

BY CSA STAFF

Indianapolis Hhgregg plans to open a store in Bel Air, Md., adding to the retailer’s plans to open four stores in Greater Baltimore.

The lease sizes of the five new locations range from 30,323 sq. ft. in Towson to 33,165 sq. ft. at Arundel Mills Marketplace.

Each store will employ around 50 people and will open this spring.

Hhgregg plans to open 40 to 45 new stores in its 2011 fiscal year across the mid-Atlantic.

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