A new Tommy Bahama Outlet will open at Concord Mills later this year, mall officials said in a press release.
The store will be located near the Books-a-Million and the food court in the malls, and will open sometime this fall. It's the first Tommy Bahama Outlet in the state, according to the mall.
"This soon to open new addition will provide shoppers with an incredible selection of the brand’s luxurious island-inspired clothing and home accessories at affordable prices, including polos, graphic tees, sweaters, dresses, swimwear, fragrances, shoes, candles and more," said Concord Mills officials.
Last week, Concord Mills also announced it will soon have a Journey Kidz shoe store and an Aerosoles outlet open in the mall.
Wal-Mart Neighborhood Market is coming
According to building permits filed recently, Wal-Mart is working on a Neighborhood Market store in a shopping center on Independence Boulevard.
The permits, seen here, show that Wal-Mart plans to spend about $5 million to renovate the 50,550 square foot space. The store was formerly a Best Buy.
The store will be Charlotte's first Wal-Mart Neighborhood Market when it opens. There are about 200 Wal-Mart Neighborhood Markets, which are basically like traditional supermarkets. They offer full lines of produce, dry goods, bakery, deli, health and beauty goods, household supplies and a pharmacy. The size - averaging about 42,000 square feet - is also pretty much the same as a traditional supermarket, like Harris Teeter.
Such a store would represent a further challenge to traditional supermarkets, which face market share pressure from behemoths such as Wal-Mart and Target, as well as nimble competitors with food offerings such as Family Dollar and Dollar General.
Wal-Mart overtook Harris Teeter last year to become the region's No. 1 grocery seller, edging the hometown with 21.5 percent market share vs. 21.1 percent. And Wal-Mart has been going after Harris Teeter aggressively this year, with an advertising campaign highlighting differences in price.
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7421 E. Independence Boulevard
(Props to an alert reader for sending me a message after seeing this in the Biz Journal while I was out of town.)
The permits, seen here, show that Wal-Mart plans to spend about $5 million to renovate the 50,550 square foot space. The store was formerly a Best Buy.
The store will be Charlotte's first Wal-Mart Neighborhood Market when it opens. There are about 200 Wal-Mart Neighborhood Markets, which are basically like traditional supermarkets. They offer full lines of produce, dry goods, bakery, deli, health and beauty goods, household supplies and a pharmacy. The size - averaging about 42,000 square feet - is also pretty much the same as a traditional supermarket, like Harris Teeter.
Such a store would represent a further challenge to traditional supermarkets, which face market share pressure from behemoths such as Wal-Mart and Target, as well as nimble competitors with food offerings such as Family Dollar and Dollar General.
Wal-Mart overtook Harris Teeter last year to become the region's No. 1 grocery seller, edging the hometown with 21.5 percent market share vs. 21.1 percent. And Wal-Mart has been going after Harris Teeter aggressively this year, with an advertising campaign highlighting differences in price.
View Larger Map
7421 E. Independence Boulevard
(Props to an alert reader for sending me a message after seeing this in the Biz Journal while I was out of town.)
New stores heading to Concord Mills
Two new shoe stores are getting set to open at Concord Mills: Journey Kidz and an Aerosoles outlet.
Journey Kidz will open in August, Concord Mills said, near the children's play area. The store carries shoes for kids from babies up to teenagers, including brands such as Converse, Timberland, Vans, Diesel and Adidas.
Aerosoles is opening an outlet location near the Old Navy Outlet in September. "Shoppers will revel in the full range of styles and high quality merchandise available from dress pumps to boots to sandals and more," said Concord Mills, in a press release.
Concord Mills also noted that it recently added Hisso Sushi and Popeyes to the food court.
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Journey Kidz will open in August, Concord Mills said, near the children's play area. The store carries shoes for kids from babies up to teenagers, including brands such as Converse, Timberland, Vans, Diesel and Adidas.
Aerosoles is opening an outlet location near the Old Navy Outlet in September. "Shoppers will revel in the full range of styles and high quality merchandise available from dress pumps to boots to sandals and more," said Concord Mills, in a press release.
Concord Mills also noted that it recently added Hisso Sushi and Popeyes to the food court.
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Kids Foot Locker opening at Carolina Place mall
Carolina Place is opening its third new store this year on Thursday, with the addition of a Kids Foot Locker.
The new store is located on the mall's upper floor, next to the Disney Store. "Kids Foot Locker offers the largest selection of brand-name athletic footwear, apparel and accessories for children in an environment geared to appeal to both parents and kids," Carolina Place officials said in a press release.
Earlier this year, Teavana and Francesca's Collections opened stores at Carolina Place. There are several more stores planned for the mall in 2012, including Nestle Toll House Cafe, TCBY, and Deb, a women's clothing and accessories store.
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The new store is located on the mall's upper floor, next to the Disney Store. "Kids Foot Locker offers the largest selection of brand-name athletic footwear, apparel and accessories for children in an environment geared to appeal to both parents and kids," Carolina Place officials said in a press release.
Earlier this year, Teavana and Francesca's Collections opened stores at Carolina Place. There are several more stores planned for the mall in 2012, including Nestle Toll House Cafe, TCBY, and Deb, a women's clothing and accessories store.
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Lowe's to launch 'smart home' service
Mooresville-based Lowe's is preparing to officially roll out its new home management system, Iris, which will offer consumers the ability to control most of their house functions and appliances with a smartphone, tablet or computer.
The product, which was announced earlier this year, is one of the new smart home options consumers have to remotely control their house and, hopefully, improve energy efficiency and security. The basic smart home kit will start at $299, and can - Lowe's says - be installed by the homeowner.
Homeowners can sign up for customized alerts and controls related to their house for $9.99 a month, Lowe's says. The system will be customizable to focus on things like home security, energy efficiency, or the needs of an elderly person.
"The new services will allow customers to control thermostats, locks, lighting, and appliances. Customers can also monitor and protect their homes with video cameras and door, motion, and fire sensors," Lowe's said in an earlier news release about the product.
Lowe's is rolling out Iris with an event and demonstration in San Francisco next Wednesday. I'll try to write something more detailed about the system's capabilities and costs for the Observer after the event (I won't be in San Francisco though, so hopefully Lowe's will live-stream it).
The product, which was announced earlier this year, is one of the new smart home options consumers have to remotely control their house and, hopefully, improve energy efficiency and security. The basic smart home kit will start at $299, and can - Lowe's says - be installed by the homeowner.
Homeowners can sign up for customized alerts and controls related to their house for $9.99 a month, Lowe's says. The system will be customizable to focus on things like home security, energy efficiency, or the needs of an elderly person.
"The new services will allow customers to control thermostats, locks, lighting, and appliances. Customers can also monitor and protect their homes with video cameras and door, motion, and fire sensors," Lowe's said in an earlier news release about the product.
Lowe's is rolling out Iris with an event and demonstration in San Francisco next Wednesday. I'll try to write something more detailed about the system's capabilities and costs for the Observer after the event (I won't be in San Francisco though, so hopefully Lowe's will live-stream it).
June sales slide at Cato
Charlotte-based women's clothing retailer Cato Corp. reported last week that its sales for June fell 7 percent, to $83.7 million, compared with the same month a year ago. Sales at stores open for a year or more, considered a key measure of a retailer's health, fell even further, dipping 10 percent.
The company said wider uncertainty is to blame - and is likely to continue. "June same-store sales were below expectations," said CEO John Cato, in a statement. "Year-to-date same-store sales results have been volatile, driven in part by various economic and political uncertainties as well as unseasonable weather. We believe it is likely this volatility will continue and we remain cautious as we look toward the second half of the year."
For the second quarter, the company cautioned its earnings will be on the low end of its guidance, at 53 to 57 cents a share. That would be a decrease of 13 to 7 percent from the same quarter a year ago. Cato operates nearly 1,300 stores in 31 states, including Versona and It's Fashion stores. Year-to-date, the company's $441 worth of sales are down about $1 million from last year, and sales at stores open a year or more are down 3 percent.
Retails sales in general have hit a bump along with the rest of the economy, inching up just 0.1 percent at large chains in June.
The company said wider uncertainty is to blame - and is likely to continue. "June same-store sales were below expectations," said CEO John Cato, in a statement. "Year-to-date same-store sales results have been volatile, driven in part by various economic and political uncertainties as well as unseasonable weather. We believe it is likely this volatility will continue and we remain cautious as we look toward the second half of the year."
For the second quarter, the company cautioned its earnings will be on the low end of its guidance, at 53 to 57 cents a share. That would be a decrease of 13 to 7 percent from the same quarter a year ago. Cato operates nearly 1,300 stores in 31 states, including Versona and It's Fashion stores. Year-to-date, the company's $441 worth of sales are down about $1 million from last year, and sales at stores open a year or more are down 3 percent.
Retails sales in general have hit a bump along with the rest of the economy, inching up just 0.1 percent at large chains in June.
Blend Boutique, TCBY set for Ballantyne Village
Two new stores are set to open in Ballantyne Village soon, a women's boutique and a self-serve frozen yogurt place.
Blend Boutique will carry clothing, jewelry and accessories. Brands at the store will include Citizens of Humanity, LNA, Mother Denim, Ramona LaRue, MYNE and more. The store is set to open in August.
Owner Christy Ward said she was drawn to Ballantyne Village because of the other upscale shops and restaurants in the shopping center.
The TCBY location is owned by local franchisee Samuel Batt. He's something of a fro-yo magnate in the area, owning 12 TCBY locations in the Carolinas, nine of which are in the Charlotte area.
"These new additions further strengthen the boutique tenant mix and are anticipated to attract new and repeat patronage from the neighborhood community, as well as metro Charlotte," said Margie Bruner, who represented Ballantyne Village in the tenant negotiations.
There is still retail, restaurant, medical executive and office space available to lease at Ballantyne Village, the company said.
Blend Boutique will carry clothing, jewelry and accessories. Brands at the store will include Citizens of Humanity, LNA, Mother Denim, Ramona LaRue, MYNE and more. The store is set to open in August.
Owner Christy Ward said she was drawn to Ballantyne Village because of the other upscale shops and restaurants in the shopping center.
The TCBY location is owned by local franchisee Samuel Batt. He's something of a fro-yo magnate in the area, owning 12 TCBY locations in the Carolinas, nine of which are in the Charlotte area.
"These new additions further strengthen the boutique tenant mix and are anticipated to attract new and repeat patronage from the neighborhood community, as well as metro Charlotte," said Margie Bruner, who represented Ballantyne Village in the tenant negotiations.
There is still retail, restaurant, medical executive and office space available to lease at Ballantyne Village, the company said.
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