Newington Park Shopping Center sold for $13.3 million. The new owner plans to 'transform' it.

Seacoast Online
Real estate development and investment company Torrington Properties announced Friday it has acquired the Newington Park Shopping Center for $13.3 million and touted plans to "transform" the site. . . . more

SEARS Officially Closing Its Last Department Store in Company’s Home State

Outsider
SEARS is officially closing its last store where it all began, the company’s home state of Illinois. . . . more

Burlington Mall Is Getting Revamped

Patch
The Burlington Mall is mixing it up, expanding its store selection, and adding some extra outdoor hangout space. . . . more

Torrid, brushing aside its competition, plans 25 new stores each year

Retail Dive
With healthy sales, margin and profit gains, Torrid came out swinging Wednesday with its first quarterly report as a public company. Second quarter net sales rose 34% year over year and 29% from 2019 to $332.9 million, as comps rose 30% from last year and 26% from 2019. . . . more

Despite COVID-19 concerns, holiday spending looks solid

CSA
A new survey from Berkeley Research Group (BRG) reveals most consumers will spend the same or more on the holidays this year as in 2020. . . . more

David’s Bridal to host first-ever warehouse sale; says brides are happier

CSA
The nation's largest bridal retailer is holding what it said will be its biggest sale ever, and also reporting on bridal customer attitudes as the COVID-19 pandemic continues. . . . more

Francesca's tests new concepts, including tween stores

Retail Dive
Francesca's has emerged from bankruptcy with new ideas about how to thrive in a tough apparel market further complicated by the pandemic. The chain joins Victoria's Secret and others in testing fresh store concepts, which may launch in time for the holidays, CEO Andrew Clarke said in an interview. . . . more