REAL ESTATE

Nordstrom expands push into Canada with second Toronto store

BY Katherine Boccaccio

Seattle — Nordstrom said Monday it will open a new namesake department store in Toronto in fall 2016, making its foray into the country a two-store debut.

The three-story, 188,000-sq.-ft. store planned for Toronto’s Yorkdale Shopping Centre will join a previously announced, smaller store in the city’s Sherway Gardens mall.

Nordstrom said late last year that it would open four full-sized Nordstrom stores in Canada – in Calgary, Ottawa, Vancouver and Toronto – starting in the fall of 2014. It said it would open more full-line stores and lower-priced Rack shops later.

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REAL ESTATE

7-Eleven acquires 46-store portfolio in South Carolina

BY Katherine Boccaccio

Dallas — 7-Eleven announced Monday it has closed on the acquisition of 46 Hickory Point and Palms Stores from CB Mart.

While the terms of this particular deal haven’t been made public, the acquisition boosts 7-Eleven’s Carolinas store count to more than 100 and puts the c-store operator solidly on track to continue its accelerated growth plan. 7-Eleven earlier acquired 55 Sam’s Mart and 13 Fast Track stores in the two-state area.

"7-Eleven is committed to building its presence in the Carolinas and bringing our proprietary products to the acquired Hickory Point and Palms locations as the stores are converted to the 7-Eleven brand," said Stan Reynolds, 7-Eleven EVP and CFO.

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OPERATIONS

Macy’s, Martha Stewart and J.C. Penney back in court

BY Marianne Wilson

New York — The fight over Martha Stewart resumed with both Macy’s and J.C. Penney Co. back in a New York court on Monday. The trial, over whether Macy’s has an exclusive right to sell select Martha Stewart home goods items, resumed after a month-long mediation effort failed to yield a settlement.

On Monday, Macy’s alleged Penney has begun selling some items on its website that infringe on Macy’s exclusive deal with Martha Stewart.

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