REAL ESTATE

Tiffany to make Eastern European debut in Prague

BY Staff Writer

New York City — Tiffany & Co. announced plans to open a store in Prague, marking the luxury retailer’s first location in Eastern Europe. The 2,600-sq.-ft. store is scheduled to open in the summer of 2012.

“The opening of our first store in Eastern Europe marks a significant strategic move for Tiffany, as we further develop and grow our business throughout Europe,” said Melvyn Kirtley, group VP Europe.

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REAL ESTATE

Canadian Tire rolls out new auto store

BY Staff Writer

Montreal — A Thursday report in the Montreal Gazette said that Canadian Tire Corp. unveiled a new prototype on Wednesday in Bowmanville, Ontario, east of Toronto.

The new store is 40% larger than a typical in-store automotive department and features a service area with a drive-in reception, a new auto detailing bay and a sound booth for customers to test in-car audio entertainment systems, GPS and car safety electronics.

The test store is one of three opening in Ontario this year.

Canadian Tire, which recently closed its purchase acquired sporting goods chain Forzani Group Ltd., is prepping for Target’s arrival into Canada in 2013, which stands to give competition in categories such as small appliances, home decor and accessories, according to the report.

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REAL ESTATE

Gap makes Poland debut

BY Katherine Boccaccio

Warsaw, Poland — Gap opened its debut store in Poland on Thursday to some 200 people waiting in line to shop Central Europe’s first Gap store.

The store, located in Warsaw’s Arkadia mall, was opened by Gap’s Polish franchise partner Ultimate Fashion, which plans to open additional stores in Poland in 2012.

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