REAL ESTATE

Metropark closing all stores

BY CSA STAFF

Boston — Clothing and accessories retailer Metropark has filed for bankruptcy and is closing all 69 stores nationwide.

The store closings and liquidations begin on May 6. Gordon Bros. Group and Hilco Merchant Resources are running the going-out-of business sales for the retailer.

Based in Los Angeles, Metropark was founded in 2000. Specializing in upscale trendy fashions, Metro Park has been feeling the heat of increased competition from such fast-fashion retailers as H&M.

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P.Lopez says:
Apr-10-2013 11:16 am

The store closings and liquidations begin on May 6. Gordon Bros. Group and Hilco Merchant Resources are running the going-out-of business sales for the retailer. chatrandom

P.Lopez says:
Apr-10-2013 11:16 am

The store closings and liquidations begin on May 6. Gordon Bros. Group and Hilco Merchant Resources are running the going-out-of business sales for the retailer. chatrandom

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REAL ESTATE

Rue21 opens 500th store

BY CSA STAFF

Warrendale, Pa. — Apparel retailer Rue21 announced the opening of its 500th etc! store, in Franklin Mills, Pa. The etc! format was introduced five years ago to highlight the company’s expanded accessories category, and has since been incorporated into all new Rue21 stores and remodels.

The five categories of etc! — footwear, fragrance/beauty, accessories, jewelry, and the area brand of intimate apparel and sleepwear — are merchandised together in approximately 1,000 sq. ft. within Rue21 stores and have been important in driving incremental sales.

Bob Fisch, president and CEO, stated: "The etc! business continues to be an important part of our overall strategy as we push to increase our market share. As we open and convert stores to this format, we drive square footage and high-margin incremental sales, and also make our stores even more of a destination for our target demographic.”

The company is on target to open 110 new stores and convert approximately 35 existing stores to the etc! format in 2011.

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Walmart to open dozens of stores in South Carolina

BY CSA STAFF

Columbia, S.C. — Walmart plans to open dozens of new stores throughout South Carolina during the next five years, adding more than 4,000 jobs. Bill Simon, president and CEO of Walmart U.S., announced plans for the new stores at an event at the new South Carolina Farmers Market, in Columbia, S.C.

The new stores will include energy-efficient technology and sustainable features to reduce energy and water consumption and minimize waste.

Walmart already has a notable presence throughout South Carolina, with 77 Walmart stores, nine Sam’s Club locations and two distribution centers.

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