REAL ESTATE

Lululemon to open men’s stores

BY Marianne Wilson

New York — Women’s yoga and activewear retailer Lululemon plans to open freestanding stores for men by 2016, outgoing company CEO Christine Day said during a presentation at a William Blair & Co. conference in Chicago. Day recently announced her plans to retire from the company once a successor is named.

Lululemon already sells select men’s items, including golf polo shirts and underwear in its existing stores. Men’s apparel currently accounts for a “mid- to high-teen” percentage of the company’s sales mix, Betty Chen, a San Francisco-based analyst for Wedbush Securities, told Bloomberg.

Men’s same-store sales have been higher than the rest of the business “in general,” John Currie, CFO, said on Lululemon’s earnings conference call June 10.

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REAL ESTATE

REI to open two new locations in spring 2014

BY Katherine Boccaccio

Seattle — Outdoor retailer REI announced Thursday it will open two new stores in the spring, one in Flagstaff, Ariz., and the other in Columbus, Ohio.

The 23,550-sq.-ft. Flagstaff store will be located at Aspen Place at the Sawmill at the corner of Lone Tree Road and Butler Avenue. Part of the latest phase of development at the shopping center, the store will be near downtown Flagstaff and Northern Arizona University. With a presence in Arizona for more than 25 years, REI also has stores in Tempe, Paradise Valley and Tucson that opened in 1986, 1996, and 2010.

The Columbus store will open in Easton Gateway at the corner of Stelzer Road and Morse Road. The newly constructed 23,400-sq.-ft. location will also feature a wide assortment of gear and apparel to help outfit boating enthusiasts. The company opened its first Ohio store in Cincinnati in October 2012.

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CineBistro’ dinner-and-a-movie signs up for Liberty Center

BY Michael Fickes

Cincinnati — Cobb Theatres’ CineBistro will co-anchor Cincinnati’s 1.1 million-sq.-ft. Liberty Center with Dillard’s, according to center developers Steiner + Associates and Bucksbaum Retail Properties. The developers plan to announce a third anchor in coming weeks.

CineBistro was recently named as “one of eight theatres redefining the movie-going experience” by Entertainment Weekly.

At Liberty Center, CineBistro will span about 82,000 sq. ft. and include 2,200 seats in 16 theatres. Six of the theatres will feature the full CineBistro experience, characterized by a chef-driven menu, seat-side dining and a full bar and extensive wine list.

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