REAL ESTATE

The Meat House to open at West Woods shopping center

BY CSA STAFF

Austin, Texas Dallas-based SRS Real Estate Partners announced that neighborhood butcher shop The Meat House has inked a deal to open a 3,200-sq.-ft. space in the West Woods Shopping Center in Austin, Texas.

The shop will be the butcher’s Texas debut.

The Meat House, founded in New Hampshire, currently has stores in seven states — Connecticut; Maine; Massachusetts; New Hampshire; New York; North Carolina; and California.

Other existing tenants in the center include Petco, Stein Mart and CVS Pharmacy.

 

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FINANCE

Retail Ventures moves to profit in Q4

BY CSA STAFF

Columbus, Ohio Retail Ventures reported Wednesday that it moved to a profit in its fourth quarter as sales improved at its DSW show stores

The company earned $4.9 million for the quarter that ended Jan. 30, compared with a loss of $8.8 million in the same quarter of the prior year. Revenue grew to $402.6 million from $348.2 million.

Same-store sales at DSW stores rose 12.9% during the fourth quarter.

For the full year, the company posted a loss of $26 million, compared with a profit of $50.8 million in the prior year.

Revenue grew to $1.6 billion from $1.5 billion.

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News

Kohl’s to convert 10 Colo. stores to solar power

BY CSA STAFF

MENOMONEE FALLS, Wis. Kohl’s Department Stores has announced plans to convert 10 of its 23 Colorado Kohl’s stores to solar power by the end of this year. Colorado will be the seventh state to have Kohl’s locations with solar panels. Kohl’s also has solar locations in California, Connecticut, Maryland, New Jersey, Oregon and Wisconsin.

“We are very pleased to expand our solar program into Colorado and enhance our commitment to the use and support of clean, renewable energy sources,” said Ken Bonning, Kohl’s EVP store planning and logistics. “Solar is an integral component of our environmental efforts and contributes toward our goal of being carbon neutral by the end of this year. We will continue to explore new opportunities to utilize solar power at our facilities nationwide.”

 

Solar installations are currently complete or underway at four initial Kohl’s stores throughout Colorado – Southwest Denver, Thornton, Aurora East and Arapahoe Crossing. Six additional locations are in the planning phase and will begin construction in the coming months. Each store will have more than 530 solar panels that together generate 112 kW – approximately 15% of the store’s energy. Once solar panels at all 10 initial Colorado stores are active, they are expected to collectively generate approximately 1.6 million kWh annually.

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