REAL ESTATE

Phillips-Edison acquires Colorado shopping center

BY Dan Berthiaume

Cincinnati — Phillips Edison-ARC Grocery Center REIT II Inc. has acquired Kipling Marketplace, adding a property in Colorado to the company’s portfolio. Kipling Marketplace is a 90,124-sq.-ft. grocery store-anchored shopping center located in Littleton, Colorado, part of the Denver metropolitan statistical area.

Kipling Marketplace is anchored by a Safeway grocery store, the number two grocer in the Denver area. Other national and regional tenants at the center include Sylvan Learning, Dairy Queen, Cost Cutters, and H&R Block.

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FINANCE

Survey: Most back-to-school shoppers won’t buy computers

BY Dan Berthiaume

Boise, Idaho – More than half of back-to-school shoppers will not purchase computers this year. According to the Crucial.com Back-to-School Shopping Report, which includes responses from 1,000 adults in the U.S., found that 57% of respondents do not plan to purchase laptops, desktops, tablets, or mobile devices for school this year, as a vast majority of consumers are increasingly concerned with becoming more frugal.

The research showed U.S. consumers, and back-to-school shoppers in particular, are seeking ways to cut back where they can. Seventy-three percent of respondents said they were very concerned with saving money, a number that increased to 82% for back-to-school shoppers. In general, 82% of respondents said it was more important to save money than save time, and 81% said they would be most inclined to put money toward savings or paying off bills if given $1,000 to spend.

Back-to-school shoppers cited several ways they save money, including clipping coupons (82%), do-it-yourself projects (57%), and buying generic brands (57%). In addition, 61% of back-to-school shoppers said they would try to fix a slow computer themselves to save money, rather than spend money on expensive repairs. Fifty-eight percent said they expected a computer to last at least five years.

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OPERATIONS

Nine West Jeanswear Group becomes One Jeanswear Group

BY Dan Berthiaume

New York – Nine West Jeanswear Group Inc., formerly known as Jones Jeanswear Group, is changing its name to One Jeanswear Group Inc. This change is an additional step in giving the Jeanswear division a distinct identity as an independent operating company within Nine West Holdings, Inc., a portfolio company of Sycamore Partners.

OneJeanswear Group’s portfolio of brands includes Gloria Vanderbilt, l.e.i., Bandolino, Jessica Simpson (under license), Code Bleu, Vintage America Blues, Erika, Nine West jeans, Tint jeans, Kind Of and Energie, in addition to numerous private label brands for key retail partners. One Jeanswear Group products are available in multiple channels of distribution, including department stores, mid-tier retailers, mass retailers, and online.

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