Retailers such as Saks Fifth Avenue entered the spring shopping season with less inventory, but they're still marking down merchandise early. Kohl's, Bloomingdale's, Gap and J. Crew are among the brands also offering promotions.
Sarofim Realty Advisors acquired a 72.5% interest in 6700 W. Camelback Road in Glendale, Ariz., from Pro's Ranch Markets for $15.5 million. The 100,000-square-foot center is anchored by Phoenix Ranch Market.
With Aeropostale showing strong sales, the company has decided to move into the younger market with its P.S. line, which is aimed at tweens ages 7 to 12. "The innovative store format will be a fun, playful and inviting shopping experience for both the child and parent," Chairman and CEO Julian Geiger said.