Meijer joins Winston Plaza
Meijer joins Winston Plaza NewMark Merrill Cos. and local partner GMX Real Estate Group announced that Meijer Super Markets will open at regional power center Winston Plaza, located in Melrose Park, Ill.
Scheduled to begin construction this fall, the Grand Rapids, Mich.-based grocery retailer will redevelop the former Cub Foods space, which closed after its merger with Jewel. The planned expansion will increase the square footage of the building by approximately 23,000 sq. ft., making the Meijer store over 90,000 sq. ft. in total.
The 374,527-sq.-ft. Winston Plaza features Bally’s, Party City, O’Reilly Auto Parts, Dollar Tree, Best Buy, Marshall’s and Office Max, and is about 95% leased.
With Meijer now committed, the redevelopment plans, which have been approved by the Village of Melrose Park will also be launched, including new signage and extensive exterior facade improvements.
Duckwall-ALCO 2Q sales, earnings down
ABILENE, Kan. Duckwall-ALCO announced that net sales for the second quarter decreased 1.6% to $123.4 million and same-store sales decreased 3%.
Net earnings for the second quarter were $3 million, or 78 cents per diluted share, compared to net earnings of $3.3 million, or 85 cents per diluted share, for the second quarter of the prior fiscal year.
Larry Zigerelli, president and CEO, commented, “Strong fiscal year-to-date earnings reflect progress in both top and bottom line performance. Continued gross margin improvement is especially encouraging in the face of a weakened economy. All elements of our strategic transformation plan that began last fall remain on or ahead of schedule. We expect continued progress near term.”
‘She said’ JCPenney got a new women’s line
PLANO, Texas JCPenney has launched a new line of contemporary career sportswear called “she said” that caters to the female professional.
The she said line falls under JCPenney’s “better” and “best” pricing tiers with items ranging from $26 to $44 for tops, $44 to $50 for pants, $44 to $58 for dresses, $44 for skirts and $68 to $85 for jackets.
JCPenney announced also that it will now group all of its contemporary women’s brands together in store, online and via catalog.