Shopping Centers Today is the news magazine of the International Council of Shopping Centers (ICSC)
Issue link: https://sct.epubxp.com/i/231459
Adding shops • Macy's Inc. will open a 195,000-square-foot Macy's store and a 120,000-square-foot Bloomingdale's store at the Mall at Miami Worldcenter, to be built in downtown Miami, in fall 2016. Miami Worldcenter, a mixed-use project with retail, hotel, residential and convention space, is being planned by The Forbes Co. and Taubman Centers. Macy's currently operates 27 stores in the Miami-Palm Beach market. Bloomingdale's currently operates four full-line stores and two Bloomingdale's Outlet stores in the Miami-Palm Beach market. • Hawaii is getting its first full-line Saks Fifth Avenue store. The department store will anchor the redeveloped International Market Place center, in Honolulu's Waikiki district. Taubman Centers and CoastWood Capital Group are planning a $300 million redevelopment of the 55-year-old open-air center, famous for its banyan trees, on behalf of owner Queen Emma Land Co. Plans call for the removal of a hotel on the property and the creation of some 390,000 square feet of new retail space on seven levels, slated to open by 2015. • Lululemon plans to capitalize on strong sales of men's clothes at its 218 stores by opening some freestanding menswear stores by 2016, executives said at an investor conference. Men's apparel currently accounts for a percentage of the chain's sales mix that is in the mid- to high-teens, according to Wall Street analysts. The company's same-store sales increased by 7 percent during the first quarter. 30 SC T / J a n u a r y 2 0 1 4 cific demographics — such as Whole Foods' upmarket consumer and Dollar Tree's value buyer — are thriving too, though generalists are not, Gildenberg says. In fact, Dollar General, Dollar Tree and Family Dollar, which together operate some 22,000 stores, can be expected to open about 1,300 stores in the aggregate this year, sources say. Crazy 8 is laying plans for about 80 new stores, Five Below for 60 stores, GameStop for 100, GNC for 180 and Starbucks for 600 new shops, according to Jones Lang LaSalle. Brand reinforcement is crucial these days, says Peter Gold, CBRE's manager of cross-border retail for the EMEA region. "In the Internet age, the brand has arguably never been more important." Without strong brands, retailers tend to lose traction in a commoditized, price-sensitive world that has already exerted tremendous pressure on such segments as books and music, he asserts. Some major brands are leasing showroom space in stores that are already multibranded, including Sam- walmart will open 180 u.s. grocery stores this year. sung, which is opening ministores measuring about 460 square feet inside Best Buy's roughly 1,400 stores this year, and Microsoft, which will carve out demo space at 600 Best Buy stores in the U.S. and Canada. At press time Google was said to be seeking a similar deal for Google Glass. Drugstores and grocery stores are aggressively embellishing their offerings with in-store health clinics; these include CVS, which says it will have about 1,500 in-store MinuteClinic units operating by 2017, and Walgreen, which plans to add substantially to its 400 in-store Healthcare Clinic units — plus build 170 new stores this year. Kroger aims to add 50 Little Clinic units to its current count of 120. In the grocery sector, expansion and renovation are a constant. Walmart has announced plans for about 180 new U.S. grocery stores this year, while Aldi is planning about 100, according to Jones Lang LaSalle. Supervalu will be rolling out 60 units, and Costco, Okey-Dokey Grocery Markets and Trader Joe's are on track for roughly 30 each. Grocery Outlet, Food Lion, Fresh Market and Sunflower Farmers Market all have plans for about 20 U.S. stores each, Jones Lang