On August 30, 2009
Jos. A. Bank Joins Others in Choosing Older Centers
Male apparel chain Jos. A. Bank Clothiers is surprisingly increasing its number of new store openings next year, while most chains are pulling the brakes on their expansion plans. Not only that, but the Hampstead, Md.-based chain and other retailers, which only considered opening stores in new shopping centers, are taking advantage of low lease rates and empty spaces in existing shopping centers where outfits like Circuit City vacated. The 467-unit Jos. A. Bank originally planned to open 10 to 15 new locations in 2010, but executives now forecast to reach from 30 to 40 stores on its way to a total of 600 U.S. storefronts. “Quality real estate opportunities are beginning to open up in the marketplace, and we…
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