retailers

MARQUE Luxury Selects Dallas for Latest Showroom Location

by Katie Lee March 24, 2021

Dallas — MARQUE Luxury, the wholesale industry’s leading provider and authority of certified pre-owned goods, has opened its Dallas area showroom “Re-Commerce Hub,” previously labeled as showrooms, at the Dallas Market Center. “We couldn’t be more thrilled to bring MARQUE Luxury to our network in Dallas. The Dallas Market Center is an incredible hub of activity and we look forward to connecting with our client base in this location,” says Quentin Caruana, founder and president. “MARQUE has seen what resonates with our customers. Despite any hurdles the country has collectively …

March 24, 2021

Seven New Aerie Stores Coming to Westfield Shopping Centers Across the U.S.

by Katie Lee March 23, 2021

Los Angeles — American Eagle Outfitters, Inc. (AEO) and Unibail-Rodamco-Westfield (URW) have signed leases for seven new Aerie® stores and two adjacent standalone OFFLINE™ by Aerie locations, opening in the second half of 2021 at URW’s flagship shopping destinations in the U.S. “At AEO Inc., stores are a powerful tool for our omnichannel business and continue to be important for our brands,” says Andrew McLean, chief commercial officer, AEO Inc. “Our approach to store openings is based on a deep understanding of customer and market potential.” “We are proud to …

March 23, 2021

construction and design News retailers

FRONTIER Building Completes New Burlington Store Near Miami

by Katie Lee March 19, 2021

Miami — FRONTIER Building, an experience-focused national general construction, construction management and design-build contractor, has completed the construction of the new Burlington in Doral, Fla., near Miami International Mall. The project is part of a redevelopment of a Toys “R” Us and Babies “R” Us stores that will also include a future Total Wine & More. FRONTIER demolished and redesigned the existing façade entry for the new Burlington, as well as managed the interior buildout of the more than 42,000-square-foot department store. FRONTIER also added 258 new parking spaces. “We’re …

March 19, 2021

News retailers

Brian Black Tea Chooses Pacific Commons as its First-to-Market Location

by Katie Lee March 18, 2021

Fremont, Calif. — Pacific Commons, a regional lifestyle center in Fremont, Calif., has been selected as the area’s first location for Taiwanese tea and milk tea purveyor Brian Black Tea. The new 1,435-square-foot store, expected to open this fall, will be located at The Block near Mas Fuego. “When a retailer like Brian Black Tea selects our shopping center as its first-to-market location, it says volumes about the quality of the tenants and shopping environment at Pacific Commons,” says Sherrie Martinez, marketing director for the shopping center. “We offer a …

March 18, 2021

News retailers

WHP Global Buys Controlling Stake in Toys ‘R’ Us Parent Company, Plans Partial U.S. Reopening

by Katie Lee March 16, 2021

New York City — WHP Global, a New York City-based firm that acquires global consumer brands, has purchased a controlling stake in Tru Kids Inc., the parent company of Toys ‘R’ Us. WHP Global joins a group of institutional shareholders that includes funds managed by Solus Alternative Asset Management and Ares Management Corp. Going forward, WHP will manage Tru Kids’ global business and direct its strategic expansion, which according to CNBC will include the reopening of some U.S. stores. Neither the network nor the companies involved in the deal specified …

March 16, 2021

News people retailers

Ulta Beauty Plans CEO Transition; Also Promotes Internally to COO Position

by Katie Lee March 15, 2021

Bolingbrook, Ill. — Ulta Beauty plans leadership changes to drive continuity and continued momentum, all effective in June. Dave Kimbell, president, will succeed Mary Dillon as chief executive officer and will be nominated to stand for election to the company’s board of directors at the 2021 annual stockholders meeting. Dillon will transition to the role of executive chair of the board of directors. Kecia Steelman, currently chief store operations officer, will be elevated to the role of chief operating officer. “It has been the honor of my career to lead …

March 15, 2021

News retailers

Callaway Completes Previously Announced Merger with Topgolf

by Katie Lee March 12, 2021

Carlsbad, Calif., and Dallas — Carlsbad, Calif.-based equipment and apparel manufacturer Callaway Golf Co. has completed its merger with Topgolf Entertainment Group. The deal was originally announced in October 2020. Under the terms of the merger agreement, Callaway issued approximately 90 million shares of its common stock to the shareholders of Topgolf, excluding Callaway, which previously held approximately 14% of Topgolf’s outstanding shares. Callaway shareholders now own approximately 51.3% of the outstanding shares of the newly combined entity, and former Topgolf shareholders (excluding Callaway) own approximately 48.7%. Both firms have …

March 12, 2021

construction and design News restaurants retailers

Brookfield Properties Opens Retail, Dining Portion of Fifth + Broadway in Downtown Nashville

by Katie Lee March 11, 2021

Nashville, Tenn. — Brookfield Properties has opened the retail and dining component at Fifth + Broadway, a 6-acre mixed-use project in downtown Nashville, Tenn. Brookfield and local developer Pat Emery partnered on the development, which formerly was the location of the Nashville Convention Center. General contractor Skanska broke ground on the project in April 2017, when San Diego-based OliverMcMillan was the lead developer before its acquisition by Brookfield in February 2018. Designed by Gresham Smith and Gensler, the newly opened portion of Fifth + Broadway features 200,000 square feet of …

March 11, 2021

News retailers

HBC and Insight Partners Launch Saks as a Standalone E-Commerce Company

by Katie Lee March 11, 2021

New York City — HBC and leading growth capital investor Insight Partners have entered into a partnership that establishes Saks Fifth Avenue’s e-commerce business as a standalone entity, which will be known as Saks. Insight Partners has made a $500 million minority equity investment in Saks, valuing the business at $2 billion. The retailer’s 40-store fleet will operate separately as an entity referred to as SFA, which remains wholly owned by HBC. As separate but related sister companies, Saks and SFA will be better able to appropriately plan for and …

March 11, 2021

News restaurants retailers

Alamo Drafthouse Cinema Files for Chapter 11 Bankruptcy, Enters into Asset Purchase Agreement

by Katie Lee March 11, 2021

Austin, Texas — Alamo Drafthouse Cinema has filed for Chapter 11 bankruptcy protection and entered into an asset purchase agreement with its group of senior lenders that is led by California-based Altamont Capital Partners and Fortress Investment Group. The agreement involves the sale of “substantially all” of the company’s assets, though it remains unclear how many of its 41 theaters Alamo Drafthouse plans to close. As part of its filing, Alamo Drafthouse has asked the U.S. Bankruptcy Court for the District of Delaware to approve a 75-day timeline for restructuring its …

March 11, 2021

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