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March 8, 2013

  Top Story 
  • Sycamore Partners to pay $600 million for Hot Topic
    Equity firm Sycamore Partners has sealed a deal to acquire teen apparel retailer Hot Topic for $600 million or $14 per share. The deal will take the chain private and provide the funds it needs for growth. "As a private company, we will be in a better position to navigate unpredictable market and economic cycles with a long-term perspective, rather than being subject to short-term and quarterly Wall Street expectations," said spokeswoman Jennifer Vides. The Wall Street Journal (3/7), SCT Newswire (3/7) Email this Story
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  Industry Tracker 
  Retail News 
  • Walgreens plans to build net zero energy store in Illinois
    Walgreens plans to build a net zero energy retail store – the first in the U.S., it believes – in Evanston, Ill. It will use such technology as solar panels, wind turbines, geothermal technology, energy-efficient building materials, LED lighting and ultra-high-efficiency refrigeration. SCT Newswire (3/8) Email this Story
  • Neighborhood malls cater to healthy living
    A growing number of neighborhood shopping centers are catering to healthy-lifestyle trends, with frozen yogurt shops replacing ice cream parlors, and yoga studios, health clubs, organic markets and workout-wear boutiques filling storefronts. "When we are looking at opportunities for new store locations, we look for areas that are considered the hub of health in the community," said Wynn Spencer, lululemon's vice president of store development. USA Today (3/6) Email this Story
  • Women-owned businesses to sell items on
    Wal-Mart's website is adding an "Empowering Women Together" section, selling items from small, women-owned businesses. The section will sell more than 200 items, including a dress from the Gahaya Links company in Rwanda, and a gift set of soup mix and cornbread mix from the Women's Bean Project. Reuters (3/7) Email this Story
  • Adidas wins in China with wider selection
    Adidas booked a 12% sales increase in China in the fourth quarter, as rivals Nike and Li Ning struggled to boost sales and market share. The German-based brand is winning over Chinese consumers with a growing array of sportswear, casual clothing and high-end fashions. The Wall Street Journal (3/7) Email this Story
  • Retailers report a rise in February sales
    Costco, Limited Brands and Gap reported strong same-store sales increases in February, two of the 13 U.S. retailers that still report monthly sales results. "By and large, the middle class is just shaking off the intractability in Washington and feeling better about shopping," said Joel Bines, managing director of consulting firm AlixPartners' retail practice. Reuters (3/7) Email this Story
  • Retailers turn to Etsy for competitive edge
    Etsy, the website that started as a place for artisans to sell their wares directly to consumers, is testing the business-to-business waters with pilot site Etsy Wholesale. Retailers including Nordstrom, West Elm and Anthropolgie have already been turning to Etsy artists to stock their stores with one-of-a-kind collections. Forbes (3/7) Email this Story
  Finance & Economics 
  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. Email this Story
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