Author Archives: Mike Pallerino

Hilton vows to move full speed ahead

There’s no looking back for Hilton as it celebrates its centennial, executives said in a recent interview highlighted by new brands Signia Hilton and Motto by Hilton and global expansion. Key growth areas are Latin America, the Caribbean and China, …

Posted in News |
Lululemon plans growth in new markets, product lines

Workout wear retailer Lululemon Athletica booked a 33% increase in first-quarter online sales and raised its guidance for the year on a stronger-than-expected quarter. The Canada-based company doesn’t plan to cut prices to compete and expects to grow with expansion …

Posted in News |
Luxury hotel developments still finding investors

Hotel investment is on a downswing, but luxury properties are still finding money, often with real estate investment trusts taking the place of private equity groups and even some foreign capital, according to experts at the NYU International Hospitality Industry …

Posted in News |
Marriott luxury brands bring 13 new hotels to Asia Pacific this year

The Luxury Collection, The Ritz-Carlton, St. Regis and JW Marriott are adding 13 Asia Pacific curated, luxury properties this year. The Ritz-Carlton is offering new properties in Australia, China and India; JW Marriott is bringing five new properties to China …

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Core States tabs Chris Buscaglia to head Florida new-builds

The Core States Group, which recently restructured its construction group, has promoted Chris Buscaglia to Director of Construction, Special Projects. Buscaglia and his team will handle all of the Florida new-build sites from the Boca Raton, Florida office.

Posted in Vendor News |
DTC furniture brand Burrow grows physical presence

Direct-to-consumer brand Burrow opened its second store in Chicago. Burrow, which sells sofas, love seats and pillows, opened its first store in Manhattan last April, after having launched in 2017. Read the Modern Retail story here

Posted in News |
Lululemon plans growth in new markets

Workout wear retailer Lululemon Athletica booked a 33% increase in first-quarter online sales and raised its guidance for the year on a stronger-than-expected quarter. The Canada-based company doesn’t plan to cut prices to compete and expects to grow with expansion …

Posted in News |
Sources: Church’s Chicken is up for sale

Private-equity firm FFL Partners is seeking a buyer for the 1,500-unit Church’s Chicken chain, sources say. The firm, which acquired Church’s in 2009, has brought on advisers to explore a sale and set a price of about $350 million. Read …

Posted in News |
Krispy Kreme to open 24-hour Times Square flagship

Krispy Kreme will open a 4,500-square-foot flagship store in New York City’s Times Square early next year. The store will stay open round-the-clock and feature stadium seating for customers to watch the doughnuts being made. Read the Adweek story here

Posted in News |
Developers to break ground on LA retail property in August

A 94,000-square-foot retail project called The Shops at Sportmen’s Lodge is coming to Los Angeles. Construction will begin in August for an estimated fall 2020 opening. Read the Shopping Center Business story here

Posted in News |
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