REAL ESTATE

Macy’s: Two new stores in the works

BY CSA STAFF

Cincinnati — Macy’s Inc. said it will open two new stores near Chicago and Milwaukee, including its first-ever location in an outlet mall.

The first of the stores will open in spring 2012, in a space formerly occuped by Younkers at Southridge Mall in Greendale, Wis. The building will undergo a significant remodeling before re-opening as Macy’s. In spring 2013, Macy’s will open a 140,000-sq.-ft. store in discount outlet center Gurnee Mills in Gurnee, Ill. The new Macy’s will be in a wing of the mall that is in the process of being redeveloped into a setting for full-price stores.

Both centers are being redeveloped by Simon Property Group.

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REAL ESTATE

Report: Nordstrom eyeing Canada

BY CSA STAFF

New York — Nordstrom Inc. is scouting out sites to expand into Canada, Dow Jones reported.

"We already know we have a lot of Canadian customers," Nordstrom spokesman Colin Johnson said in the report. Also, Canadians make up the biggest share of Nordstrom’s international online customers.

Johnson did not give a timeframe when Nordstrom might make a formal announcement, but did say the company would start with its full-priced stores before opening any Nordstrom Rack outlets in the country, according to the report.

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Gap expanding Athleta brand

BY CSA STAFF

New York — Gap Inc. plans to Athleta stores at the Grove shopping center in Los Angeles and at Fashion Island mall in Newport Beach, Calif., this fall, according to the Los Angeles Times.

Gap bought Athleta, which sells sells women’s clothing for such sports as yoga, running and swimming, along with shoes and other fitness accessories, in 2008. At the time, Athleta just an online and catalog business. The brand opened its first two retail stores in the last year, both in Northern California.

Gap also will open two Athleta stores in New York this summer and plans to open 50 Athleta stores by 2013, according to the Times.

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