Page 11 - July 2020

americas news inbrief

NIKE PLANS TO OPEN 150 TO 200 NIKE LIFE-STYLE DICK’S SPORTING GOODS OPENS

STORES OVER THE NEXT COUPLE OF YEARS TWO NEW CONCEPTS JAMES AVERY ADDS NEW UNIT
With the majority of its stores reopened, James
Avery set its sights on expanding its portfolio
Nike remains focused on growing its brand even as it swung to a big Dick’s Sporting Goods has added two last month. The family-owned, vertically
quarterly loss in its fourth quarter amid the Covid-19 crisis. outlet and clearance store banners to its integrated jewellery retailer opened a store
John Donahoe told analysts that Nike is planning to open 150 to retail portfolio. The sporting goods retailer on 10 June at The Waxahachie Marketplace,
200 small footprint, digitally-enabled stores in North America, the is expanding its nationwide footprint in Waxahachie, Texas. The new store offers
Middle East and Africa. “We’ve been testing this format with Nike with the opening of Overtime by Dick’s multiple contactless ways of receiving goods.
Live and have a great understanding of how to best deliver this Sporting Goods, and Dick’s Sporting
experience and so we will proceed ahead this year with more test- Goods Warehouse.
and-learn examples of it and scale it through the next couple of Three Overtime stores opened on NORDSTROM BOUNCES BACK
years,” he said. 16 June, with locations at Connecticut Department store retail Nordstrom is back
Nike piloted the Nike Live concept, which is focused on localisation, Commons, Plainville, Connecticut, The in business in the Big Apple. The company re-
personal service, digital integration and convenience, last July, on Center At Hagerstown, Hagerstown, opened its six locations in New York City on
Melrose Avenue in Los Angeles, and has since added two additional Maryland and Liberty Plaza, Philadelphia. 24 June. The opening came two days after the
locations: Long Beach, California and Glendale, California. In addition, the company recently opened city entered phase two of the re-opening of the
The format uses data science and consumer insights to meet the five Dick’s Sporting Goods Warehouse economy following the Covid-19 shutdown.
needs of local shoppers, specifically the members of Nike’s NikePlus Sale locations, which will offer deeper
loyalty club. discounts on customer-favourite footwear
and apparel brands at up to 90 per cent off. FOREVER 21 UNVEILS PLANS
The owners of Forever 21 plan to expand the
ARSENAL YARDS TRANSFORMING teen retailer’s presence in Mexico. Authentic
Brands Group, which acquired the company with
TO A MIXED-USE SITE Simon Property Group and Brookfield Property
Partners in February, is partnering with IB Group
to expand the brand across Mexico.
As far back as 2013, Thomas Wilder saw of retail, a 150-room Hampton Inn & Suites
tremendous opportunity in the run- by Hilton hotel and 300 apartments.
down Arsenal Mall, just outside Boston, in As far as Wilder is concerned, mixed- SALAD BRAND GROWS AGAIN
Watertown’s East End. “We saw this centre use was the only solution for this site. After opening a restaurant only recently,
with a great location and great bones,” “We think about two things when building Chicken Salad Chick continues to expand as its
said Wilder, Founder of the Boston-based great neighbourhoods,” LaGrega said. “We entered its 17th state. The Southern-inspired,
Wilder Cos., a real estate development, think about relevance, and we think about fast-casual chicken salad restaurant brand has
management and leasing firm specialising in vibrancy.” This perspective informed the opened its first-ever location in Indiana, in the
the repositioning of retail properties. retail leasing team’s merchandising strategy. Louisville suburb of Jeffersonville.
Andrew LaGrega saw lots of potential The team studied the area’s demographics
there too. “The original mall was perceived to determine the true trade area and
as this small regional center with a small measured the customer visits to strong SAM’S CLUB GOES CURBSIDE
regional draw, and it suffered as a result,” said neighbouring retailers. Warehouse club retailer Sam’s Club has rolled
RALEY’S HAS OPENED A SPECIALTY FORMAT FOCUSED ON ORGANICS, NUTRITION AND EDUCATION. THE 85-YEAR OLD CALIFORNIA-BASED GROCER UNVEILED ITS FIRST-EVER RALEY’S out a curbside pickup service nationwide.
O-N-E MARKET, IN TRUCKEE, CALIFORNIA. THE 35,000SQ FT STORE IS DESIGNED TO CREATE A UNIQUE SHOPPING DESTINATION WITH A HIGHLY CURATED PRODUCT SELECTION AND A LaGrega, a Wilder Founding Principal who Green space has been an essential part
COMMITMENT TO TRANSPARENCY AND HEALTHY EATING. IT IS AN EVOLUTION OF RALEY’S MARKET 5-ONE-5, IN DOWNTOWN SACRAMENTO, WHICH OPENED IN 2018. RALEY’S SAID IT heads the firm’s leasing. of Arsenal Yards’ design as well as working The retailer, which is a subsidiary of Walmart
OPTED TO LAUNCH THE NEW FORMAT IN THIS LOCATION BECAUSE IT IS A COMMUNITY THAT SUPPORTS AN ACTIVE AND HEALTHY LIFESTYLE. In partnership with Boston-based Boylston with the city of Watertown was important. now offers a contact-free, order-online-and-
Properties, Wilder has been redeveloping the As part of a three-year comprehensive plan, delivery-to-car shopping experience at all
WAIKOLOA PLAZA ON UPGRADES PLANNED FOR old mall site as Arsenal Yards, a $400M mixed- the city knew it needed to boost its tax 597 stores. The service will be a standard free
offering for Plus-level members.
base, but officials also wanted to preserve
use neighbourhood along the Charles River.
COURSE FOR 2021 SOUTH NEVADA AVENUE The development will comprise 250,000sq ft the neighbourhoods.

A $370M South Kohala development is making progress, with the The Covid-19 pandemic hasn’t stopped one of Colorado
long-awaited Waikoloa Plaza on schedule to open next summer. Springs’ higher-profile redevelopment efforts. VIRTUAL
The Waikoloa Plaza is being developed by Meridian Pacific LTD A shopping centre, hotel, apartments and other
and will host a shopping centre with nearly 30 retail, service and improvements along and near South Nevada Avenue and South
restaurant businesses. Adjacent to the shopping centre will be the Tejon Street are moving closer to launching construction as
multi-family Lofts at Waikoloa, built out in phases, and a hotel. The two development groups target 2021 for completion of a
mixed use development sits on nearly 30 acres adjacent to the majority of their upgrades. Those projects will include trails,
Waikoloa Fire Station, and will eventually have 400 affordable units sidewalks, sculptures and other enhancements along stretches
available for rent. of a beautified Cheyenne Creek that developers expect will
“Our housing is affordable because we built it within a budget,” become signature amenities to help attract shoppers, restaurant
said Meridian President Gary Pinkston. “We’re not asking for any goers and others to the area.
grants or any special zoning or any tax credits. We just build them so “We did not need Covid-19, but it could be a lot worse
we can lease them for about $1,800 per month for a two-bedroom, if it were a recession,” said developer Danny Mientka of The explore...
one-bath unit.” Equity Group in Colorado Springs, who targeted the area for
Pinkston envisions the shopping plaza’s workers leasing the lofts, redevelopment years ago and plans the Creekwalk shopping
enabling them to live and work within walking distance. centre northwest of Nevada and Cheyenne Road.

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