REAL ESTATE

Macon Mall signs new restaurant tenant

BY CSA STAFF

Macon, Ga. — Augusta, Ga.-based Hull Storey Gibson Cos. announced that Smok’n Pig BBQ will open a new restaurant at Macon Mall, located in Macon, Ga.

Macon Mall is preparing to launch a major redevelopment and renovation that will add, expand and relocate the tenant mix. The new restaurant will complete construction this fall and employ up to 150 people.

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REI makes Indiana debut

BY CSA STAFF

SEATTLE — Recreational Equipment Inc. announced that it will open its first Indiana store in Indianapolis next spring.

According to the company, the one-story, approximately 23,800 sq.-ft. store will offer products from the top brands of outdoor gear and apparel for camping, climbing, cycling, fitness, hiking, paddling, snow sports and travel. The Indianapolis store will also house a bike shop for quick assemblies and repairs, and a seasonal gear rental department for customers looking to test new activities, REI reported.

“We look forward to inspiring, educating and outfitting Indianapolis outdoor enthusiasts for their adventures beginning next spring,” said Michelle Yancy, REI retail director for the Midwest district. “By partnering with the local community, the new store will help advance REI’s commitment to increase participation in outdoor activities and volunteerism in maintaining natural spaces.”

REI currently operates 117 retail stores in 28 states.

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J.Crew posts Q1 loss

BY CSA STAFF

NEW YORK— J.Crew Group reported that first-quarter revenues decreased 1% to $409.5 million and comparable company sales (which include same-store sales, direct sales and shipping and handling revenues) were down 3% compared with an increase of 16% for the same period last year.

Store sales decreased 3% to $281.2 million, with comparable-store sales decreasing 6%. Comparable-store sales increased by 15% in the first quarter of fiscal 2010.

The company reported a net loss of $29.9 millioncompared with net income of $44.7 million in the first quarter of fiscal 2010.

J.Crew operates 251 retail storesand 87 factory outlet stores.

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