| Target may open store in Plattsburgh
David Napolitan, manager of the Champlain Centre mall in Plattsburgh, said Thursday that a Target store is in the works for the shopping center, which is home to about 70 businesses.
"Typically, it's our company policy not to comment on any matters like this," Napolitan said. "I will say that it's in the process."
Plattsburgh's Press Republican newspaper reported Thursday that the mall is scheduled to present a plan to the Plattsburgh Planning Board next week that would include a 126,842-square-foot retail space after a former Ames store on the property is demolished. According to that report, the proposed store would include a pharmacy.
According to the Target Web site, Burlington's closest store in the national discount chain is in Queensbury, N.Y., about 98 miles away.
Massages At Hand
It started as an online business, but has graduated to the most personal of touches with its customers - massage. BodyJaz - which continues to sell massage and relaxation products through its Web site (www.bodyjaz.com) - opened its first bricks-and-mortar retail outlet in February at the Woodfield Station shopping center at 29th Avenue and Willamette Street in Eugene. The store has since added five massage therapists to its three-person retail sales staff and is in the process of opening its own massage center in a space at the rear of the store. An "education center" under construction upstairs will carry books and videos - as well as instruction space - on topics including massage, Pilates and the therapeutic use of essential oils. "It's a very hands-on, friendly store," manager Amy Erenberger says.
Counsel Corporation Announces 2006 Fiscal Year Results
TORONTO, ONTARIO -- (MARKET WIRE) -- March 28, 2007 -- Counsel Corporation (TSX: CXS) today reported its financial results for the year ended December 31, 2006. All amounts are stated in Canadian dollars. Highlights of 2006: - On March 30, 2006, Counsel, along with a group of investors, acquired the Lancaster Mall in Saint John, New Brunswick. Lancaster Mall is an enclosed shopping centre with approximately 199,000 sq. ft. of leaseable area, including three free standing pads. The area of the site is approximately 23 acres. - On May 1, 2006, Counsel, along with a group of investors, acquired McIntyre Centre in Thunder Bay, Ontario. McIntyre Centre is a strip centre with approximately 60,000 sq. ft. of leaseable area. - On May 2, 2006, Counsel entered the case goods business with the acquisition of Fleetwood Fine Furniture Inc.
Overseas Shipholding to buy out stake held by Archer Daniels
April 24 (Reuters) - Overseas Shipholding Group Inc. (OSG.N: Quote, Profile, Research) said it agreed to buy all of its outstanding stock held by Archer Daniels Midland Co. (ADM.N: Quote, Profile, Research) for $65.42 a share. Archer Daniels owned about 5.1 million shares, representing about 13.3 percent of outstanding shares as of March 31, the energy transportation services provider said in a statement. The company said its board also authorized a new share buyback program of $200 million, replacing the prior $300 million share repurchase plan. (Reporting by Deepti Chaudhary in Bangalore) .
RETAIL NEWS ROUNDUP: Week of April 15 to April 22 2007
CoStar News is expanding its retail real estate coverage under the direction of Senior Editor Sasha Pardy to bring you a weekly feature covering the gamut of retail acquisitions and mergers, retailer expansion plans, new store openings, store closings, new retail developments, significant personnel changes, and more. In addition to appearing every week in the national news section of our web site, you may also request to be one of the first to receive the Retail News Roundup via email by contacting the editor at spardy@CoStar.com This week in the Roundup, CoStar reports on Rite Aid's acquisition of rivals Brooks and Eckerd, BI-LO supermarket going up for sale, Target's unprecedented growth plans, The Coffee Bean & Tea Leaf opening its 500th store, new shopping centers planned by Cedar Shopping Centers and Regency Centers, and more.
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