Report: Asda to debut George stores
Belfast, Ireland — A report in the Belfast Telegraph Tuesday said that Wal-Mart-owned supermarket chain Asda has released plans to open its first George stores overseas as it looks to turn the fashion label into a global retail brand.
The chain has set up a team at George’s Lutterworth, Leicestershire base to explore entering into franchise arrangements for the first time. According to the report, George expects to announce its first partner in the Middle East in the next few months, followed by store openings in the first half of 2012.
The George label already trades in six countries in stores run by Walmart, but the business now hopes to step up its expansion by opening specialist George outlets in new markets overseas through franchise agreements.
Asda CEO Andy Clarke said: "George is a key driver in our ambition to grow our general merchandise businesses."
Jack in the Box implements web-based real estate technology
Dallas — Lucernex Technologies said Tuesday that Jack in the Box has implemented Lucernex’s store lifecycle management solution to manage its real estate portfolio, which includes more than 2,200 Jack in the Box restaurants across 19 states.
According to Lucernex, by implementing the retail version of the Lx Retail product suite, Jack in the Box can streamline its process of selecting store sites, building and opening new store locations, as well as managing existing locations to avoid time delays and save costs.
With Lx Retail now fully implemented and live, Jack in the Box is using the portfolio management, market planning and location analysis, site selection and analysis, construction project management, facilities management and capital program and capital project management capabilities.
Jack in the Box was also a development partner with Lucernex in order to design a new module dedicated to automating creation of capital programs and projects, including individual and rolled-up schedules and budgets.
Saks Fifth Avenue’s Off 5th to up store count in 2011
New York City — Saks’ Off 5th outlet division announced Tuesday that it plans to open four new stores this year – Kansas City, Oklahoma City, Northbrook, Ill., and Charleston, S.C.
Additionally, the Off 5th arm said it will open a new store at the Market at Town Center in Sugar Land, Texas, that will replace its store located at The Fountains in Stafford, Texas.
The stores will range from 25,000 sq. ft. to 28,000 sq. ft. and will be modeled in Saks Fifth Avenue Off 5th new ‘luxury in a loft’ store design, which maximizes efficiency and flexibility, enabling easy changes in the general layout. All fixtures will be on casters, ensuring ease in movement, and all hardware will be interchangeable between fixtures, according to the retailer.