REAL ESTATE

P.O’B. Montgomery acquires Cottonwood Plaza

BY CSA STAFF

Hartland, Wis. Dallas-based P. O’B. Montgomery & Co. said it has acquired Cottonwood Plaza Shopping Center, in Hartland, Wis.

The transaction closed on July 22.

The 54,693-sq.-ft. shopping complex is anchored by Piggly Wiggly and Fox Brothers, along with additional in-line tenants.

Mid America Real Estate of Milwaukee will spearhead leasing of the center. Management of Cottonwood Plaza will be the responsibility of Siegel-Gallagher of Milwaukee.

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Whole Foods 3Q sales up 15%

BY CSA STAFF

AUSTIN, Texas Whole Foods Market reported that sales for the third quarter ended July 4 increased 15% to $2.2 billion. Comparable-store sales increased 8.8%, or 6.3% on a two-year stacked basis. Identical-store sales, excluding three relocations, increased 8.4%, or 4.6% on a two-year stacked basis.

Income available to common shareholders increased 88% to $65.7 million from $35 million last year,and diluted earnings per share increased 53% to 38 cents.

“We are pleased with our results which compare very favorably to most other food retailers and show we are continuingto gain market share. Our identical-store sales increased 8.4%, accelerating from the second quarter and our highestincrease since 2006. Despite tougher comparisons and the recent dip in reported consumer confidence, our two-yearstacked identical-store sales also sequentially increased to 4.6%,” said John Mackey, co-chief executive officer and co-founderof Whole Foods Market.

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DSW reports quarterly sales growth

BY CSA STAFF

COLUMBUS, Ohio DSW announced net sales for the second quarter ended July 31 increased 12.3% to $415.1 million compared with $369.5 million for the quarter ended Aug. 1, 2009. Same-store sales increased 12% for the comparable period versus a decrease of 2.9% last year.

The company said it now estimates an annual comparable-store sales increase of approximately 7% to 9% and annual diluted earnings per share of approximately $1.80 to $1.95 for fiscal 2010.  This is updated from the company’s previous estimate of an annual comparable store sales increase of approximately 6% to 8% and annual diluted earnings per share of approximately $1.65 to $1.75 for fiscal 2010.  Fiscal 2009 annual diluted earnings per share were $1.23.

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