Pottery Barn inks deal with Nashville center
Nashville, Tenn. — Pottery Barn has leased 12,684 sq. ft. in Hill Center Green Hills, a 220,000-sq.-ft. mixed-use open-air lifestyle center in Nashville, Tenn. The lease is with Williams-Sonoma, Pottery Barn’s parent company.
Owner and developer H.G. Hill Realty Co., plans to begin redeveloping Hill Center Green Hills early in 2015. Pottery Bar expects to begin its build-out in the fall of 2015.
Anthropologie and Whole Foods anchor Hill Center’s retail component. The tenant lineup includes Calypso St. Barth, lululemon athletica, Vera Bradley, Vineyard Vines, West Elm, and more. Locally owned boutiques catering to women, men and children include Billy Reid, Bink’s Outfitters, Cosmetic Market, H. Audrey and Snap Kids. Dining options include California Pizza Kitchen, Five Guys Burgers and Fries, Pei Wei, Sweet Cece’s Frozen Yogurt and Zoës Kitchen.
Cinemark Movie Bistro to Rayzor Ranch in Denton, Texas
Phoenix — An eight-screen Cinemark Movie Bistro will open at Rayzor Ranch Town Center, a new open-air retail and entertainment destination set to break ground later this year in Denton, Texas.
The state-of-the-art cinema will join a 126,000-sq.-ft. Dillard’s in anchoring Rayzor Ranch. Both are planning grand openings for summer 2015.
NRF: Retail employment drops 6,700 in February
Washington, D.C. – The National Retail Federation (NRF) calculated retail employment was down 6,700 in February 2014, yet up 205,500 year-over-year. The biggest job losses were seen in electronics and appliance stores, and sporting goods, hobby, book and music stores.
December and January retail employment figures were also revised downward. The Bureau of Labor Statistics Employment Situation Summary showed that February total nonfarm payroll employment rose by 175,000 with the unemployment rate at 6.7% and the labor force participation rate at 63%.
“Retailers continued to rearrange and maximize their payrolls and inventories following the holiday shopping season,” Jack Kleinhenz, chief economist for the NRF, said. “This decline should be temporary in nature and viewed as a speed bump. We really need to lift the snow screen to adequately measure the economy and jobs situation. We remain optimistic for continued economic and employment gains this year and are encouraged by the growth in construction jobs and building material employment last month, which suggests a forthcoming improvement in residential and nonresidential spending along with household and business confidence.”
The NRF also released a statement urging the federal government not to issue any mandates forcing retailers and small businesses to raise their minimum wage, which the NRF said could hamper economic growth and increase unemployment.