REAL ESTATE

Publix to anchor Boynton Lakes Plaza redevelopment

BY Staff Writer

Boynton Beach, Fla. — Jacksonville, Fla.-based Regency Centers announced the addition of Publix Super Market as the new anchor of Boynton Lakes Plaza, a 117,000-sq.-ft. neighborhood center in Boynton Beach, Fla.

Publix is relocating from an undersized 39,000-sq.-ft. store in a nearby center to open a new prototype of 45,600 sq. ft. in late summer 2012.

The store will occupy a former Winn-Dixie site that was closed along with 29 other locations in July 2010.

In addition, the center will undergo a redevelopment including the reconfiguration of the former 56,000-sq.-ft. Winn-Dixie site into anchor and side-shop space, new exterior facade, upgraded architectural components and parking lot improvements. All retailers will remain open during the redevelopment which is scheduled for completion in late summer 2012.

As part of Regency’s greengenuity program for sustainable green building and development practices, the construction will incorporate basic sustainable elements such as recycling building materials, installing heat reflective roof material and employing environmentally friendly plumbing fixtures, paint and coatings.

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FINANCE

Books-A-Million swings to loss

BY Staff Writer

Birmingham, Ala. — Books-A-Million on Tuesday reported a second-quarter loss of $2.9 million, compared with a net income of $1.9 million in the year-ago period. The chain faulted lower sales as consumers move away from traditional books and pressure from the liquidation sales Borders Group is conducting.

Revenue fell 11.4% to $106.4 million from $120 million last year. Same-store sales fell 12.9%.

“A soft publishing lineup, the effect of e-book migration and the impact of Border’s liquidation all contributed to the decline in comparable-store sales," said CEO Clyde Anderson.

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News

Winn-Dixie standardizing on POS and self checkout technology from IBM

BY Marianne Wilson

Armonk, N.Y. — Winn-Dixie Stores is implementing IBM point-of-sale and self-checkout technology to transform and enhance customer service, speed innovation and increase operational efficiency. The new technology is expected to improve customer service, speed the checkout process, simplify store operations, and enhance store team member productivity at Winn-Dixie’s 484 stores across the Southeastern United States.

The supermarket retailer, working in collaboration with IBM and Sam Group, is deploying a network of 6,000 IBM SurePOS 700 systems armed with IBM’s SurePOS ACE and Retail Integration Framework software, which are components of IBM’s Smarter Checkout solution. Winn-Dixie is also installing IBM SurePoint infrared touch displays and SureMark thermal impact printers as part of its plan to create a comprehensive, flexible and robust retail shopping environments.

"This initiative will allow us to introduce services quickly and seamlessly to improve our guests’ shopping experience and will help to support our overall strategy," said Maura Hart, VP and CIO, Winn-Dixie, Jacksonville, Fla. "We believe the functionality, reliability and open standards offered by IBM hardware and software will accelerate our innovation, which will enhance our competitiveness, as well as our ability to deliver quality service in our stores."

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