We are proud to announce a new ground-up development in Chantilly, Virginia. The Field at Commonwealth, will occupy nearly 180,000 square-feet of exceptional retail, anchored by a 120,000 square-foot Wegmans Food Market. Construction of the development has begun, with an estimated 2018 completion.
Regency Centers and Equity One have merged.
We would like to welcome our new team members, retailers, and shareholders into the Regency Centers family. With a greater presence in top metro areas, a higher organic growth profile, greater tenant diversity, and an expanded development and redevelopment program, this merger is the perfect combination to create the preeminent national shopping center REIT.
Thanks to healthy store traffic, TJX announced better than expected third quarter sales and earnings. TJX, parent company of TJ Maxx, Marshalls, Home Goods and Sierra Trading Post, said Q3 revenue rose 6.9% to $8.29 billion, from $7.75 billion in the third quarter last year; analysts expected revenue of $8.22 billion.
Target's traffic and sales improved “meaningfully” in the third quarter, thanks to an "unexpectedly" strong back-to-school season, CEO Brian Cornell said in a press release Wednesday.
Zoe's Kitchen, Inc. reported some encouraging third-quarter results today, including news that the brand just wrapped up its 27th consecutive quarter of same-store sales growth and has managed to double its system-wide size in just three years. The company also adjusted its outlook for fiscal year 2016.
E-commerce apparel company Bonobos is seeking some $100 million to expand its brick-and-mortar operations, sources told Reuters.
Now that we’re approaching the end of the year, it’s important to take a step back and analyze what we learned from 2016 and how these learnings can be applied to 2017 initiatives.
Traditionally the single-biggest sales day of the year, the shopping holiday has morphed into a month-long event — causing retailers to adapt their strategies. This year, Black Friday will no longer be the biggest sales day of the year, according to a forecast from in-store analytics firm RetailNext. In fact, Black Friday is expected to be only the third biggest shopping day in overall sales and the second biggest traffic day for stores during the holiday season: Friday, Dec. 23, and Super Saturday, Dec. 17, are projected to beat Black Friday for overall sales, while Super Saturday is expected to see more store traffic.
Menu items from Papa John’s International, Inc. no longer contain 14 ingredients that the company originally vowed to remove in June 2015, including artificial colors, preservatives, and sweeteners. The Louisville-based pizza chain announced the accomplishment Oct. 4 in a letter from John Schnatter, chairman and chief executive officer.
The National Retail Federation said Tuesday it expects sales in November and December, excluding autos, gas and restaurant sales, to increase 3.6% to $655.8 billion — significantly higher than the 10-year average of 2.5% and above the seven-year average of 3.4% since the economic recovery began in 2009.
Starbird, a premium chicken concept, has raised nearly $5 million in a second round of investment funding, the company said Thursday. Greg Dollarhyde acted as a strategic investment partner and adviser, and assembled investors through his Dollarhyde Investment Group III. He is also an investor in Santa Monica, Calif.-based Veggie Grill, as well as a former backer of Baja Fresh and.
MasterCard has introduced Identity Check Mobile, a solution using biometric authentication options like fingerprints or facial recognition to verify a cardholder’s identity for payments.