REAL ESTATE

The Promenade at Coconut Creek gets LEED Silver

BY CSA STAFF

Coconut Creek, Fla. The U.S. Green Building Council has granted The Promenade at Coconut Creek in Coconut Creek, Fla., LEED Silver certification. The center is owned by Stanbery Development.

The 250,000-sq.-ft. Promenade at Coconut Creek was designed with sustainability in mind. It has achieved an energy-cost savings of 21.8% using an improved thermal envelope, high-efficiency glazing and an energy-efficient HVAC system.

The shopping center implemented a storm water management plan and installed irrigation systems to reduce potable water consumption. There are dedicated areas for the collection and storage of recycling materials such as cardboard, paper, plastic, glass and metals.

Features such as public-transportation access and parking for low-emitting and fuel-efficient vehicles also contributed to the Promenade achieving a silver rating. The lifestyle center has excellent accessibility to public transportation being served by two bus lines. In addition, 6% of its preferred parking spaces are designated to low-emitting and fuel-efficient vehicles.

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RadioShack names new chief merchant

BY CSA STAFF

FORT WORTH, Texas RadioShack announced the appointment of Scott Young as EVP and chief merchandising officer. In this role, Young will be responsible for developing and implementing RadioShack’s merchandising, product development and allocation functions to support the company’s strategic focus on mobility, innovation, connectivity and personal service.

Young joins RadioShack from LodgeNet Interactive, where since 2006 he has been divisional president and chief marketing officer. Previously, Young spent seven years at Best Buy, where he held numerous positions within the merchandising function, including VP merchandising.

“We are delighted to welcome Scott to The Shack,” said Julian Day, RadioShack’s chairman and CEO.

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Report: Retail shows gains in March

BY CSA STAFF

PURCHASE, N.Y. According to the MasterCard Advisors’ SpendingPulse report, most retail sectors continued to demonstrate solid year-over-year gains in March as easy year-over-year comparisons helped produce positive growth rates. From a geographic point of view spending was positive across most regions of the country, the Pacific Coast being the exception.

Michael McNamara, VP research and analysis for SpendingPulse, observes, “Areas showing the largest year-over-year increases were online sales and luxury retailers.  In addition, all areas of apparel were also comfortably in positive territory.   Prices maintained their levels as inventories continued to be aligned with demand and retailers did not seem to have had to resort to discounting in order to drive traffic during the Easter shopping season.”

 

The e-commerce channel was up 18.4% from last year, its 8th consecutive month of double digit growth, demonstrating that the channel continues to grow at a faster rate than traditional brick and mortar stores.

 

Luxury sales posted a 22.7% year-over-year increase.  It is important to note that this is being measured against March 2009, a month in which we saw significant double-digit declines in this sector.

 

Specialty apparel Sales increased a solid 5.2% with strength across the board as every subsector posted positive year-over-year gains. Some of the strength in this category may be attributed to an earlier Easter this year, pushing much of the pre-Easter spending into March.

 

Overall electronics sales were up 4.9% year-over-year, posting a strong growth of 6.8% in the appliance sub-sector and a gain of 4.5% year-over-year for consumer electronics sales.  Tempering this, it is important to note that this sector is still down 4.2 % when compared to March of 2008.

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