Property Types Retail
Saks to Open Three OFF 5TH Stores in Fall
June 11, 2008

New York-based Saks Inc. announced that it will open three new Saks Fifth Avenue OFF 5TH stores in fall 2008. The company will open a new 30,000-square-foot OFF 5TH store in The Arches at Deer Park in Deer Park, N.Y., in October, followed by new 28,000-square-foot OFF 5TH stores in the Prime Outlets in St. Augustine, Fla., and in the Rio Grande Valley Premium Outlets in Mercedes, Tex., in November. The new OFF 5TH locations will all be patterned after the prototype store, which opened in the Prime Outlets International center in Orlando, Fla., in April 2008. The prototype store was created using a modern "luxury in a loft environment" concept designed to highlight the merchandise and facilitate ease of shopping.

This article first appeared on www.ddimagazine.com, affiliated with Display and Design Ideas.

 
Recent Retail Headlines
Dollar Retailing Seeing Good Times
Jan. 08, 2009
The Dow Jones index took something of a dive yesterday, possibly because of ill tidings from the likes of Time Warner and Intel, or the anticipation of bad job market numbers, or maybe because it was time to yo-yo back to roughly where the market started at the beginning of the year. In any case, the Dow was down 245.40 points, or 2.72 percent, while the S&P 500 lost 3 percent exactly and the Nasdaq lost 3.23 percent.
Cushman Report: Even Manhattan Humbled in 2008 
Jan. 06, 2009
After a steep decline in office rents and leasing activity at the end of 2008, many owners are attempting to lure tenants with aggressive deals, according to Cushman & Wakefield Inc.’s year-end report on the Manhattan office market.
The News: Holiday Fallout, Public Confidence, Debt Loom
Jan. 06, 2009
Now that 2008 is mercifully behind the retail sector, the question of what should be on the radar for 2009 is front and center. Conversations with industry veterans and research suggest that consumer spending, the economic policies of the new president and Congress, and fallout from the holiday shopping season will shape the retail sector for at least the early part of the year.
Ken Riggs The Expert: Structural Shift on the Way
Jan. 06, 2009
Projections that fourth-quarter-2008 holiday retail sales would usher in despair not seen since the Great Depression had everyone on pins and needles. Although November reports indicated that seasonally-adjusted retail sales, excluding automobiles, were down slightly more than 4 percent from year-ago sales, recent figures from the International Council of Shopping Centers show December comparable store sales to have declined by only 1 to 1.8 percent. From some of the pre-December sales-report jitters, I would not have been surprised to see retail spending fall 10 percent as 2008 came to a close!
No Bottom Yet for Residential Market
Dec. 31, 2008
Despite poor consumer confidence and sour housing numbers, U.S. equity markets had a fairly positive day Tuesday, with the Dow Jones index ending up 184.46 points, or about 2.17 percent, and the S&P 500 and Nasdaq up 2.44 percent and 2.67 percent, respectively.
 
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