REAL ESTATE

Sugar and Plumm to open on Upper West Side

BY CSA STAFF

New York City — SRS Real Estate Partners said that “Sugar and Plumm Purveyors of Yumm” has leased 4,206 sq. ft. at the northeast corner of Amsterdam Avenue and West 78th Street on the Upper West Side of Manhattan.

The retail and food concept features artisan desserts, candy and more, with the interiors designed by Rockwell Group.

Sugar and Plumm will open its first location this summer at Bergen Town Center in Paramus, N.J.

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REAL ESTATE

Walmart Express set to open

BY CSA STAFF

New York City — Wal-Mart will debut its Walmart Express format on June 8, in Gentry, Ark. The 15,000-sq-.ft.-store will sell many of the product categories that a traditional Walmart carries, from general merchandise to consumables. There is also a pharmacy. But it will have from 11,000 to 13,000 items, compared with the more than 100,000 items found in a typical supercenter.

A second Walmart Express is due to open next week, in Prairie Grove, Ark. It plans to open about 15 to 20 Walmart Express locations this year. The new format is aimed at rural and urban areas without nearby grocery stores.

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FINANCE

Walgreen sales up 5.6% in May, completed acquisition

BY CSA STAFF

Deerfield, Ill. — Walgreen Co. said its same-store sales role 5.6% in May, better than Wall Street expected.

Walgreen said pharmacy revenue from those stores rose 6.7% as it filled 7.1% more prescriptions. Front-end same-store sales grew 3.6%.

The company also said it completed its acquisition of Drugstore.com, an online health and beauty retailer. Walgreen agreed to buy the company in March for $429 million.

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