Top Story

• Walgreens store to generate more energy than it uses
  Walgreens is planning a store in Evanston, Ill., that will use solar panels, geothermal energy and wind turbines to generate more energy than it uses. The site is expected to generate 256,000 kilowatt-hours of energy per year, while using only 220,000. Building Design + Construction (free registration) (3/10), SCT Newswire (3/8)

	Competitive bidding and higher execution Auction.com online marketplace delivers a transparent playing field, attracting local buyers, global buyers and everyone in between. The results are quicker, more certain outcomes, and ultimately, better execution. See more about the auctions and view licensing information here.

Industry Tracker

• U.K. retail centers trade for $245.8M
  Two U.K. regional retail centers are trading for $245.8 million. The sellers of the properties are Capital & Regional Plc and Aviva Investors' Mall Fund. The retail centers are The Mall in Uxbridge and The Mall in Sutton Coldfield. SNL Financial (free content) (3/8)

• AEON preps for first retail development in Indonesia
  AEON MALL and Indonesian developer PT Sinar Mas Land will start building AEON's first retail center in the country this year. It will be located in BSD City, Tangerang. The two companies are setting up a JV to develop the property. The Jakarta Post (Indonesia) (3/9)

• Kochi retail center opens its doors
  India's Lulu retail center in Kochi opened its doors. The 17-acre development was built by the UAE-based Lulu group. It is owned by EMKE group of United Arab Emirates. Firstpost (India) (3/11), The Economic Times (India) (3/10)

• Florida retail center trades for $8.45M
  Fairway-River Walk LLC has acquired a retail center in New Port Richey, Fla., for $8.45 million. The 69,083-square foot center is anchored by Publix. USA Real Estate Profits Funds III LP was the seller. American City Business Journals/Birmingham, Ala. (3/8)

• South Africa's listed property companies post strong growth
  Several listed property companies in South Africa posted strong results, with one fund, Vunani Property Investment Fund, posting 24.4% growth for the six-month period ending in December. The retail sector has been the most profitable. Financial Mail (South Africa) (3/11)

Retail News

• Target takes a break from in-store boutiques
  Target won't revive The Shops at Target concept in the foreseeable future, opting to put the in-store boutique concept on hold to focus on partnerships with individual designers such as the recent collection from Prabal Gurung, said spokeswoman Katie Boylan. Star Tribune (Minneapolis-St. Paul, Minn.) (3/8)

• Retailers added new workers in February
  U.S. employers added 236,000 jobs last month, 23,700 of them in retail, according to the Labor Department. Retailers in all sectors except electronics and appliance stores increased jobs in February, including general merchandise stores, which added 4,000 employees. Women's Wear Daily (subscription required) (3/10)

• Fashion spurs higher sales at John Lewis
  Designer collaborations, private-label fashion lines and the addition of stylish new brands helped department store chain John Lewis boost its apparel sales 9% to more than £1.1 billion last year. "In the first few years we were getting the core range right, but last year we got a bit more feisty and fun," said buying and brand director Peter Ruis. The Guardian (London) (3/9)

Hot Topics

Top five news stories selected by ICSC SmartBrief readers in the past week.

• How to build a world-class shopping mall (The Miami Herald (free registration))

• Developer proposes luxury outlet center near Savannah (American City Business Journals)

• Wal-Mart to open 115 more small-format outlets (The Wall Street Journal)

• Neiman Marcus, Saks among retailers in new Chicago outlet mall (Crain's Chicago Business)

• Florida retail trades for $27.7M (American City Business Journals)

• Results based on number of times each story was clicked by readers.

Business Best Practices

• Never take a promotion without negotiating pay
  Don't let your employer pressure you into accepting a promotion before you've discussed a pay raise, Alison Green writes. Your negotiating power disappears as soon as you accept the offer. "If they put you off and push you to start doing the new job now, you need to hold firm: 'I'm not comfortable taking on a new job without discussing the terms, such as salary,' " she writes. Ask A Manager blog (3/5)

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News from ICSC

• 2013 ICSC Foundation Annual Gala Dinner
  The ICSC Foundation, the non-profit public charity of ICSC, will celebrate its 25th Anniversary with a Gala Dinner at Bellagio Hotel & Casino May 19, in conjunction with RECon. The event includes a cocktail reception, dinner and entertainment by comedian impressionist Terry Fator, winner of “America’s Got Talent.” Limited seating tickets are available as well as sponsorship opportunities for companies wishing to invite clients to reserved tables. The ICSC Foundation promotes and rewards community support efforts and provides undergraduate, graduate-level and retail real estate practitioner’s educational scholarships. Buy tickets, sponsorships and ads here.

SmartQuote

Let me listen to me and not to them." --Gertrude Stein, American writer and feminist