Red Wing in retail push
New York City — Red Wing Shoe Co. plans to open 125 stores in the next five years, according to the Star Tribune.
The stores, all independently owned, will open mostly in the Northeast, in cities such as Philadelphia, where the Minnesota retailer doesn’t have a strong presence.
Red Wing has about 425 U.S. stores, and about 70% are independently owned and operated.
The push into new markets represents about a 20% jump in new store growth, the company said.
"We’ve recognized the stores are an integral part of our brand and our customer likes shopping there," spokesman Peter Engel said in the report. "These are guys who like to pull up in their truck and dirty work clothes — and not trip over a stroller and shopping cart. They want to sit down, leave their dirty boots behind and walk out of the store with the right footwear for their job."
RadioShack to expand its presence in Target
New York City — RadioShack Corp. plans to almost double its presence in Target stores, where it operates wireless departments for the Minneapolis retailer, according to Minneapolis/St. Paul Business Journal.
RadioShack ran mobile departments in 850 Targets at the end of 2010, the report said, with the number expected to increase to approximately 1,450 Target stores by June 30.
Kentucky Oaks Mall to undergo renovation
Paducah, Ky. — Youngstown, Ohio-based Cafaro Co. announced that its Kentucky Oaks Mall property, located in Paducah, Ky., will under a major renovation.
According to Cafaro, the rehab is the most significant in the mall’s 28-year history, involving both interior and exterior transformations. When complete, the mall will feature newly designed entrances, concourse skylights, new ceiling treatments, energy-efficient lighting, as well as new flooring treatments and soft-seating areas.
An upgraded HVAC system will be installed and parking areas will feature modernized lighting systems and signage.
Construction launches March 1 and is slated for completion in November.
The million+-sq.-ft. Kentucky Oaks Mall is anchored by Elder-Beerman, Dillard’s, J.C. Penney, Sears and Dick’s Sporting Goods.