Yard House and Elephant Bar to open at Northridge Fashion Center
Northridge, Calif. — Two new restaurants will join the tenant lineup at Northridge Fashion Center, located in Northride, Calif. The center will also add an outdoor amphitheater.
Scheduled to open late in fall 2012, Yard House and Elephant Bar will join the center’s restaurant row, which already features California Pizza Kitchen, Wood Ranch BBQ & Grill, Claim Jumper and Romano’s Macaroni Grill.
Northridge Fashion Center is home to Pacific Theaters 10 Plex, a weekly Farmers’ Market & Family Festival, and 170 stores and restaurants. The new Yard House will span more than 10,000 sq. ft., and Elephant will open in the summer with 6,700 sq. ft.
The mall is owned and managed by Chicago-based General Growth Properties.
Tvsdesign partners with Mall Plaza to repurpose garage into retail
Antofagasta, Chile — Atlanta-based tvsdesign said Monday it has partnered with Mall Plaza to repurpose the ground level of a parking garage into a high-end retail destination in Antofagasta, Chile.
The new retail destination, with tenants ranging from Roxy to Umbrale and Saville Row, opened in late 2011.
Mall Plaza wanted this new project to be an extension of Aires, a branded environment created by tvsdesign in 2010 and featuring a resort-like shopping district originally located in Plaza Vespucio.
According to tvsdesign, its goal is to transform a dark, single-level, column-filled parking garage into an open and inviting fashion district. The challenge to accommodate the client’s goals is threefold: how to adapt the Aires brand to fit into such an unusual location, how to bring the outside indoors and how to develop a design language that speaks to high-end shoppers.
In answer, “we made a conscious break from the traditional double-loaded corridor of most malls to create a new more intimate shopping destination that connects the shopper both visually and physically to every store.” said Donna Childs, principal at tvsdesign.
Chilean-based architecture firm, Luis Villanueva, developed the project construction documents. In addition to Antofagasta, tvsdesign is working with Mall Plaza’s Egana, an environmentally sensitive mall to be completed in 2013.
Front-end sales warm up Walgreens February results
DEERFIELD, Ill. — Higher front-end sales for the month of February helped counter-balance lost revenue from Express Scripts prescriptions, Walgreeens reported Monday. Overall, the drug store chain reported a 1.5% sales increase to $5.9 billion.
Shares of Walgreens were up slightly by 8 cents to $32.77 in early morning trading.
This year’s total February sales benefited from one extra day because of leap year, the company noted.
Total front-end sales increased 6.9% compared with the same month in 2011, while comparable-store front-end sales increased 2%. Customer traffic in comparable stores was down 0.2% while basket size was up 2.2%.
Total sales for the second quarter of fiscal 2012 were $18.6 billion, up 0.7% from the same period a year ago.
Fiscal 2012 year-to-date sales for the first six months were $36.8 billion, up 2.6%. Calendar year-to-date sales were $11.6 billion, a decrease of 0.6%.
Walgreens opened 10 stores during February, including one relocation, and acquired one store.