REAL ESTATE

Pearle Vision targeting Florida, Ohio and Michigan for growth

BY Staff Writer

Mason, Ohio — Pearle Vision announced its 2013 U.S. expansion plans, which includes the re-licensing of 34 locations in 10 states.

With more than 520 eye care centers in the United States, Pearle Vision is now seeking to grow its national footprint and has identified Florida, Ohio, and Michigan as the first markets for its aggressive re-licensing effort. Specifically in Florida, Pearle Vision is looking to convert locations in Miami, West Palm Beach, Naples, Jacksonville, and Orlando.

In Ohio, opportunities can be found in Cleveland, Columbus and Cincinnati. And in Michigan, centers in Detroit, Grand Rapids, Lansing and Flint are available.

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REAL ESTATE

Cabela’s adds two new stores to 2014 lineup

BY Marianne Wilson

Sidney, Neb. — Cabela’s Inc. on Tuesday announced plans for two new stores, one in Greenville, S.C., and the other in Woodbury, Minn.

Cabela’s expects to open the Greenville store – its first South Carolina location – in spring 2014. The 100,000-sq.-ft. store will be located in Magnolia Park, a newly redeveloped shopping center.

The store in Woodbury, Minn., is expected to open in fall 2014. The 85,000-sq.-ft, store will be located in the Tamarack Village Shopping Center, and be Cabela’s fourth store in Minnesota.

The exterior of the two new stores will reflect Cabela’s store model with log construction, stonework, wood siding and metal roofing. A large glass storefront will allow customers to view much of the store’s interior as they approach the building. The inside will feature the company’s next-generation layout, designed to surround customers in an outdoor experience, including museum-quality wildlife displays and trophy animal mounts displayed on a mountain.

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REAL ESTATE

PPR to expand Christopher Kane brand and open boutiques

BY Katherine Boccaccio

Paris — French luxury group PPR’s Tuesday announcement that it has acquired 51% of British fashion brand Christopher Kane means that the luxury designer will soon have branded boutiques. The first is slated to open in London as early as 2014.

According to a report by Reuters, the deal is part of PPR’s strategy to add to its luxury portfolio with small brands that have growth potential.

"We think it can become a sizeable business," Alexis Babeau, managing director of PPR’s luxury division, told Reuters on Tuesday.

PPR also owns French fashion brands Balenciaga and Yves Saint Laurent as well as Italian labels Bottega Veneta and Gucci.

Babeau said that the London opening will be followed by a planned network of shops.

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