REAL ESTATE

Top Dollar & Party Store to open at Palm Valley Marketplace

BY CSA STAFF

Goodyear, Ariz. Jacksonville, Fla.-based Regency Centers said that Top Dollar & Party Store has leased 8,020 sq. ft. of retail space at Palm Valley Marketplace in Goodyear, Ariz., bringing the center to 95% leased.

The new store is slated to open in October. 

The 107,633-sq.-ft. shopping center is anchored by Safeway alongside national retailers Wells Fargo, Great Clips, GNC and The UPS Store.

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REAL ESTATE

Nordstrom opens at Santa Monica Place

BY CSA STAFF

Seattle Nordstrom on Friday opened the doors to its new 122,000-sq.-ft. store at Santa Monica Place, Santa Monica, Calif.

Nordstrom at Santa Monica Place also offers services to enhance the shopping experience. These amenities include in-store alterations and tailor shop, certified bra and prosthesis fitters, and Personal Stylist — a complimentary wardrobe and shopping service. The store will also feature two food offerings: a Blue Stove restaurant and an espresso bar.

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REAL ESTATE

Jo-Ann Stores swings to profit; 50 new stores and 50 remodels on tap for next year

BY CSA STAFF

Hudson, Ohio Jo-Ann Stores on Wednesday swung to a second-quarter profit and raised its full-year outlook. The retailer earned $5.4 million in the quarter ended July 31, compared with a loss of $3.2 million in the year-earlier period.

Sales rose 4.7% to $439.3 million. Same-store sales rose 4.4%.

Darrell Webb, chairman and CEO stated, “Our results marked not only record earnings performance but also the first time in five years that we have generated positive earnings in the second quarter. These results were driven by better than expected performance from our new stores, significant sales lift from our remodels and successful new product assortments.”

Looking ahead to its next fiscal year, the company expects to open at least 50 new stores and remodel at least 50 stores.

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