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C+CT

6 Tenant Updates, Including Lots from Macy’s and Another Digital Brand Going Physical

July 22, 2022

Gucci: The Italian luxury brand opened its first Ohio store, a 5,000-square-foot unit at Easton in Columbus. The Kering-owned brand has about 500 stores worldwide.

Gucci’s new Easton store

Gucci’s new Easton store

Gucci Easton interior

Gucci Easton interior

Karl’s Fishing & Outdoors: The digitally native outdoors brand opened its first physical store, at Trademark’s WestBend mixed-use complex in Fort Worth, Texas. Tech-enabled displays in the 2,500-square-foot store show how products work, creating a welcoming, judgment-free experience. “The Karl’s Fishing & Outdoors flagship store promises to deliver an experience that hasn’t been seen in the outdoor category,” said Teeg Stouffer, director of retail experience for Karl’s parent Catch Co. Karl’s plans more stores in the U.S. Mall of America in Bloomington, Minnesota, will be its second location, opening this year.

The fishing lure wall at Karl’s. “The clean, simple design and tech-enhanced features make it an intimidation-free shopping e

The fishing lure wall at Karl’s. “The clean, simple design and tech-enhanced features make it an intimidation-free shopping experience, even for those who are new to fishing and outdoor activities, or the perfect place to find a gift for the outdoorsperson in your life,” said Teeg Stouffer, director of retail experience for Karl’s parent Catch Co.

Macy’s Inc.: The department store operator will open more off-mall, small-format stores this fall. Market by Macy’s will open in Johns Creek Town Center in Suwanee, Georgia, the third Market by Macy’s in metro Atlanta. The concept also will debut in the St. Louis area at Chesterfield Commons. Also this fall, the first dual Market by Macy’s and Macy’s Backstage will open at 9700 S. Western Ave. in Evergreen Park, Illinois. Market by Macy’s will be on the first floor and off-price concept Backstage on the second floor.

Market by Macy’s opened in metro Atlanta’s South Point, pictured above, and Presidential Markets last year. Pictured at top i

Market by Macy’s opened in metro Atlanta’s South Point, pictured above, and Presidential Markets last year. Pictured at top is the WestBend location, in Fort Worth, Texas.

Save a Lot: Yellow Banana, the owner and operator of eight Save a Lot locations in the Chicago area, received a $13.5 million Community Development Grant from the city of Chicago. Other financing and funding from Yellow Banana combine to provide Yellow Banana $26 million to purchase the underlying real estate for six of the stores, on the South Side and the West Side, and to remodel them this year. The money also will enable Yellow Banana to reopen an Auburn Gresham location in the South Side that closed in 2020. Yellow Banana, founded in 2021 to open supermarkets in food deserts, operates 38 Save a Lots in the Cleveland, Chicago, Milwaukee, Dallas and Jacksonville, Florida, metropolitan areas.

Tuesday Morning: The chain reportedly is exploring restructuring options, including what would be its second bankruptcy filing in less than two years. It emerged from bankruptcy in January 2021 after trimming debts and shuttering 200 stores. It currently operates 490.

Toys R Us: The chain plans a comeback. A partnership with WHP Global will add Toys R Us boutiques within all U.S. Macy’s locations in the next few months. The stores will range from 1,000 square feet in smaller Macy’s stores to 10,000 square feet in flagship Macy’s locations in cities like Atlanta, Chicago, Honolulu, Houston, Los Angeles, Miami, New York and San Francisco. The boutiques will begin opening this month and will roll out through October. Meanwhile, subsidiaries of WHP's PRG Retail Group have acquired the former Toys R Us Iberia’s 35 stores in Spain, an office in Madrid, 11 stores in Portugal, an office in Lisbon, e-commerce platforms and a logistics center.

By Brannon Boswell

Executive Editor, Commerce + Communities Today

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