REAL ESTATE

True Religion to open in London

BY CSA STAFF

Los Angeles True Religion Apparel said it is set to open its first store in the United Kingdom with a location in London, according to a Monday report by Los Angeles Business.

The 1,507-sq.-ft. store will be located at 27 James Street in London’s Covent Garden shopping district, which already has retail outlets for Mulberry, Hugo Boss, Paul Smith, All Saints, Ted Baker, Karen Millen and Diesel.

“London is a strong market for our brand and the ideal city to debut a True Religion branded store in the United Kingdom. Based on the growing worldwide demand for our merchandise, we see tremendous upside to our international business,” Michael Buckley, president of True Religion, said in a statement.

The London store, set to open in June, is part of the company’s focus on international expansion. The company will open stores in Tokyo and Toronto this year as well.

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REAL ESTATE

Costco eyeing Australian expansion

BY CSA STAFF

Issaquah, Wash. Costco has identified the Asia-Pacific region as a key area for growth and said it could open two stores a year in Australia, according to The Sydney Morning Herald.

“We are ramping up some of our international [operations] a little bit. Our success in Asia is an example, and Australia,” said Richard Galanti, CFO at Costco.

For the full story, click here.

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Roundy’s to open in Chicago by summer

BY CSA STAFF

Milwaukee Roundy’s Supermarkets plans to open first Chicago-area store in the late spring or early summer, according to ChicagoBreakingBusiness.com.

The opening will come more than three years after the company announced plans to open a dozen supermarkets in the Chicago area.

The store is currently under construction in Arlington Heights near the Arlington Market shopping center.

Roundy’s operates 154 grocery stores in Wisconsin and Minnesota under the names Pick n’ Save, Copps and Rainbow.

Roundy’s stores in the Chicago area will operate under a new banner, but the name has not yet been unveiled.

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