REAL ESTATE

Wegmans to open in Alexandria, Va.

BY Staff Writer

New York — Wegmans has confirmed plans to open a store in Alexandria, Va., in 2014, according to Washington Business Journal.

The store will be located in Hilltop Village, which is being developed by Houston-based Weingarten Realty Investors. The project will feature some 250,000 sq. ft. of retail, anchored by the 143,000-sq.-ft. Wegmans, and 100,000 sq. ft. of office.

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REAL ESTATE

Dollar General to open 635 stores in 2013

BY Marianne Wilson

New York — Dollar General Corp. will open 635 new stores in 2013, creating some 6,000 jobs. The chain will also relocate 550 stores this year.

With the addition of these jobs in 2013, Dollar General said it will have created approximately 30,000 jobs in the last six years.

“Dollar General’s continued growth reflects our customers’ increasing satisfaction with our everyday low prices and convenience,” said Rick Dreiling, Dollar General’s chairman and CEO. “Further, 2013 will mark another growth milestone as we plan to open the organization’s 11,000th store before the year’s end when we will begin our 75th anniversary in 2014.”

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REAL ESTATE

Blockbuster to close 300 stores

BY Marianne Wilson

Dallas – Blockbuster will shutter about 300 of its stores in the United States in the coming weeks. The closures will result in the loss of about 3,000 jobs and leave the chain with some 500 U.S. locations, according to a spokesman for Blockbuster parent company Dish Network Corp.

The closures will affect underperforming stores or those nearing the end of their lease. Specific locations have not yet been announced.

Dish, a satellite pay-TV provider, acquired Blockbuster and about 1,700 stores in a bankruptcy sale in 2011. It closed about 500 Blockbuster stores last year.

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