REAL ESTATE

Warby Parker to have nearly 100 stores open by year-end

BY CSA Staff

Warby Parker’s brick-and-mortar expansion is inching toward a big milestone in 2018.

The digitally native eyewear retailer plans to have nearly 100 stores open across the United States by the end of this year, according to CNBC, up from its current count of 64 locations.

The company, which opened its first store in 2013, has also tested pop-up shops, stores on wheels (in decked-out school buses) and other “mediums” to reach customers, CEO Neil Blumenthal told CNBC.

Since Warby Parker made the leap online retail, countless other digitally-native brands have followed suit, including Everlane, Casper, Untuckit, Allbirds, and Boll & Branch.

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IT’SUGAR opens at Easton

BY Al Urbanski

“As the world’s largest specialty candy retailer we think there is no better home than in the retail capital of the world — Columbus, Ohio,” said Jeff Rubin, CEO and founder of IT’SUGAR, following the store’s debut at Steiner’s Easton Town Center.

The confectionery chain is known for a playful assortment of sweets that include such singular items as five-pound gummy bears, The World’s Largest Box of Nerds, and IT’SUGAR’s exclusive line of Saturday Night Live Candy.

Rubin continues to expand IT’SUGAR, which boasts more than 100 locations in the U.S., including New York, Las Vegas, Los Angeles, San Francisco, Miami, and Chicago.

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CBL makes two senior management appointments

BY Al Urbanski

CBL Properties has charged new leadership with reshaping its nationwide portfolio of 76 malls, outlets, and open-air centers.

Alan Lebovitz, son of company founder Charles Lebovitz and brother of president and CEO Stephen, has been promoted to executive VP in charge of the company’s management division and will oversee some 300 employees who staff CBL’s retail centers. Lebovitz joined the family company in 1995 after cutting his teeth in real estate asset management at Goldman Sachs.

Mike Harrison, who joined CBL in 2013 to help launch CBL 2.0, a strategic plan installing new business initiatives and technology solutions, has been named executive VP of operations. Harrison previously served as senior VP of real estate and CFO for a private real estate company and was principal and managing director at KPMG.

“[Mike’s] significant financial and real estate experience has served as a strong foundation as he has worked effectively across departments to improve CBL’s systems and implement new technologies,” said Stephen Lebovitz. “Alan’s team has decades of proven leadership within CBL and a strong desire to move the company forward.”

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