REAL ESTATE

Report: Fast Retailing plans major U.S. push

BY CSA STAFF

New York -Fast Retailing, Asia’s biggest clothing chain and the parent of Uniqlo, is lookjing to open at least 200 Uniqlo stores in the United States by 2020 as it seeks to raise sales sixfold in a decade, according to a Bloomberg report.

"The United States is one of the most important markets for us,” Shin Odake, CEO of Uniqlo’s U.S. unit, said in an interview with Bloomberg Television.

The Yamaguchi City, Japan- based company is considering opening stores in other major cities including San Francisco, Chicago and Boston, The company will hire 50 U.S. college graduates this year and send them to Japan for six months to train them to be managers, the report said.

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Survey: Increased focus on real estate for retailers in 2011

BY CSA STAFF

Chicago — Jones Lang LaSalle, in a survey released Thursday, found that protecting and building the brand and driving responsible growth are the chief priorities of major retailers for 2011.

The survey, conducted by Jones Lang LaSalle at its recent Retail Executive Forum event, also revealed that the retail industry is placing increasing importance on the value of real estate as a key component of its business and brand strategies for next year.

Major retailers across a diverse cross-section of sectors including auto parts, entertainment, quick-service restaurants, and fashion were asked to disclose their key business priorities as well as their top corporate real estate challenges and opportunities.

The respondents indicated that protecting and building their brands and driving responsible growth were top business priorities. Ensuring aggressive cost reduction, winning the war for talent, and driving innovation were also listed as critical business concerns. To address these issues, respondents were focusing on more thoughtful, deliberate real estate decisions that generate brand awareness, cut costs, drive customer satisfaction, and promote employee attraction and retention.

“Continued ambiguity within our business climate- – coupled with unpredictable consumer demand, intense competition, and the rapid-fire development of new technologies — is creating extreme complexity within the retail landscape,” said Joe Brady, managing director of Jones Lang LaSalle Corporate Retail Solutions. “Retailers who balance the drive to innovate and grow with smart fiscal planning, staying true to their brand, and attracting and developing talent will be able to leverage the many opportunities today’s market presents.”

The survey also asked retailers to identify their top corporate real estate challenges and opportunities. Developing long-range plans was listed as the top concern, followed by risk management, collecting and analyzing data, and adopting an appropriate CRE staffing model.

“Even though the rate of online shopping continues to increase, the retail industry understands that its real estate is one of its most brand-enhancing assets,” said Lew Kornberg, managing director of Jones Lang LaSalle Corporate Retail Solutions. “Leading-edge retailers are elevating their CRE function from the tactical approach of a decade ago to a high-level, strategic business solution platform that the C-suite can leverage to build the business.”

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J.Gezad says:
Apr-21-2013 08:10 pm

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Appleton Learning Center to open at Woodway Collection

BY CSA STAFF

Houston — Jacksonville, Fla.-based Regency Centers said it has leased retail space in Houston at Woodway Collection to Appleton Learning Center.

Specializing in tutoring services, group classes, student testing and other related services, Appleton Learning Center has leased 2,440 sq. ft. and is slated to open in February 2011.

The 111,165-sq.-ft. shopping center is anchored by Randalls alongside national retailers such as Carrabba’s Italian Grill, Pearle Vision and Chase Bank.

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