REAL ESTATE

New Sears Outlet, Home Appliance and Mattress Showroom stores open

BY Dan Berthiaume

Hoffman Estates, Ill. – Sears Hometown and Outlet Stores Inc. opens a new store in Webster, Texas, on March 28. Each Sears Outlet Store, on average, offers shoppers more than 18,000-sq.-ft. of retail space.

In addition, Sears Hometown and Outlet opens a new Home Appliance and Mattress Showroom store in Spring, Texas, on March 28. Through a price-match policy, the Spring Sears Home Appliance and Mattress Showroom guarantees the lowest price on the top appliance brands, and is equipped with an internet kiosk where customers are guided by sales staff to view similar products, price match with other retailers, and order products not available in the store.

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REAL ESTATE

H&M to open two new retail formats in U.S.

BY Marianne Wilson

New York — Swedish fast-fashion retailer H&M said on Thursday it will debut two of its newer retail formats, COS and & Other Stories, in the United States this year.

H&M will open its first COS U.S. location this April in New York City’s SoHo area. A second U.S. store will open later this year, in Beverly Hills, Calif.

The retailer’s & Other Stories banner will make its U.S. debut this fall, opening a store in downtown Manhattan.

H&M isn’t neglecting its namesake brand, which will open two new flagships in Manhattan this year, on Fifth Avenue and Herald Square respectively. In all, the company will open 375 stores around the world in 2014.

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Report: Mixed-use retail center proposed for Memphis

BY Dan Berthiaume

Memphis, Tenn. – A mixed-use retail center has reportedly been proposed for downtown Memphis. According to the Memphis Daily News, the 10,500-sq.-ft., two-story building would contain office, restaurant and café space, as well as a potential convenience store.

The development has also been approved for two drive-thru windows. It is located on the northeast corner of South Third Street and East Butler Avenue and has already been cleared. The developer is Compton, Calif.-based Inner Vision Memphis Inc. The Downtown Memphis Commission has publicly opposed the specific design of the center while saying it does support retail space there, and the Memphis Office of Planning and Development, which approved the drive-thru window request, has recommended the development include a piece of art installed in a pedestrian plaza.

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