Chicago — A new wave of urban, experiential and independent retail concepts catering to changing consumer demands has led to the rise of 100 “Cool Streets” across the U.S. and Canada, according to a report released earlier this mo nth by global real estate services firm Cushman & Wakefield. The firm’s Cool Streets of North America report explores what’s driving the rise of the hottest retail districts across the U.S. and Canada. It outlines the top 20 Cool Streets in depth: Portland (whole city); Austin (whole city); Denver (whole city); …
retailers
Confluent Development Completes Unique Infill Redevelopment Project in Historic St. Louis
by Katie Lee
St. Louis — Confluent Development has completed its redevelopment of the historic Southwest Bank property in St. Louis’ Southwest Garden neighborhood. The project features retailers BMO Harris Bank, which remained operational throughout the redevelopment process, and Walgreens, which recently celebrated its grand opening. Confluent Development, a Denver-based real estate investment and development firm, serves as the project’s developer and owner. The infill project represents the first development of its kind in St. Louis by preserving the historical façade along the Kingshighway Boulevard portion of the project while redeveloping the remainder …
Ankeny, Iowa — Casey’s General Stores, Inc. has hired Tom Brennan as chief merchandising officer, reporting to CEO Darren Rebelez. Brennan will lead the development and implementation of the company’s overall merchandising and prepared foods strategy. He joins Casey’s from CKE Restaurants Holdings, where he oversaw operations. “Tom is a tremendous leader with deep experience across the convenience and quick-service restaurant industries that will benefit Casey’s already popular, fresh food program and enhance our merchandising strategy,” says Rebelez. Previously, Brennan was chief operating officer at CKE Restaurants Holdings, Inc., the …
East Rutherford, N.J. — Hudson Group, a Dufry company and leader in North American travel retail, has signed an agreement to acquire assets related to the operation of Brookstone stores in U.S. airports from Apex Digital, Inc. Hudson has also obtained the right to be the exclusive airport retailer to operate Brookstone stores through a license agreement with Bluestar Alliance, LLC, owner of the Brookstone brand and trademarks. Brookstone is an established American brand well known for its unique selection of innovative products in the travel, wellness, home and entertainment …
Minneapolis — Target Corporation has named Michael Fiddelke as executive vice president and chief financial officer, effective November 1, 2019. He will be responsible for financial planning and analysis, financial operations, internal audit, accounting, investor relations, treasury, tax and risk. He will also oversee Target’s Financial and Retail Services, which includes guest relations and management of its financial products, including Target RedCard. In more than 15 years at Target, Fiddelke has served in a variety of roles across finance, merchandising, human resources and operations. Most recently he served as senior …
Union, N.J. — Bed Bath & Beyond Inc. has appointed Mark J. Tritton as president and chief executive officer and as a member of its board of directors, effective November 4, 2019. He succeeds Mary A. Winston, interim CEO. Tritton has over 30 years of experience in the retail industry, including most recently as executive vice president and chief merchandising officer at Target Corporation, where he was instrumental in transforming the omnichannel shopping experience. He has end-to-end retail industry experience in merchandising, design, manufacturing, marketing and distribution at some of …
Chicago — Potbelly Sandwich Shop, the iconic neighborhood sandwich shop, has signed a multi-unit franchise agreement to open shops in Macy’s department stores, adding to the fast-casual brand’s significant multi-unit franchise growth in 2019. “This franchise agreement marks a major milestone in our multi-unit franchise growth,” says Peter Ortiz, vice president of franchise development at Potbelly. “A development deal with one of the nation’s premier retailers is a testament to our focus and prioritization of our franchising initiative. We’re thrilled for what’s in store for the future with Macy’s.” The …
Canton, Mass. — Destination XL Group, Inc., the world’s leading omni-channel specialty retailer of big-and-tall clothing and shoes, has just converted and rebranded its Casual Male XL store at Keystone Place in Erie, Pa., into a DXL Men’s Big + Tall store. This new conversion from Casual Male XL to DXL Big + Tall offers customers a brand new shopping experience that includes a more spacious environment, elevated visual merchandising, easy-to-shop departments, superior service, expanded brands and styles and more. Destination XL Group, Inc. is the largest retailer of men’s …
Gilbert, Ariz. — Evergreen Devco has commenced construction for The Post at Cooley Station, a grocery-anchored shopping center located at the southeast corner of Recker and Williams Field roads in Gilbert, Ariz. Situated on 23 acres, the retail center will feature 23,000 square feet of multi-tenant shop space in three buildings. Anchored by Fry’s Marketplace, the project will also include AutoZone, Taco Bell and Burger King. Currently, the center is 65% preleased, with one junior-anchor pad available. Butler Design Group, Optimus Civil Design Group, Kraemer Engineers and Laskin & Associates …
Minneapolis — Saint-Gobain’s SageGlass, manufacturer of the world’s smartest dynamic glass, has completed an energy study done in partnership with SCHEELS, a sporting goods and entertainment chain with 27 stores in 12 states. The study compared electricity usage at two SCHEELS locations and found that the store featuring SageGlass, in addition to enhanced building automation HVAC controls, better insulation and LED lighting, benefitted from a 73% decrease in electricity consumption. This reduction resulted in $487,193 in energy cost savings in the store’s first year of operation. In 2017, approximately 24,500 …