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Lululemon bets on smaller stores for bigger sales

Vancouver-based workout wear retailer Lululemon Athletica will focus on opening smaller neighborhood stores to raise brand awareness among community influencers. The retailer, which opened its first small-format store last month in Fort Collins, Colo., has 379 global locations. Read the Financial Post story here

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133-year-old NYC tower reborn as Beekman Hotel

A nine-story building that was one of Manhattan’s first skyscrapers when it debuted in 1883 has been reopened as the opulent Beekman Hotel. Featuring an open atrium and skylight, the structure was idle from 2001 until recent refurbishment. Read the Business Insider story here

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Kmart chases Gen Y with a new store footprint

Kmart has remodeled an Illinois store under an initiative dubbed “Whole Lotta Awesome” that’s designed to win over budget-conscious millennials. The store includes an “Aisle of WOW!” with $1 deals and limited-time bargains. Read the Bloomberg story here

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Ice cream drives Friendly’s expansion plans

Friendly’s plans to open four new restaurants per year over the next two years while looking for additional franchisees. The company will focus on ice cream, shakes and burgers through the expansion, which will see the chain’s first new locations in 10 years. Read The

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Rosewood to expand in Asia, Europe, Mexico

Rosewood Hotel Group has near-term openings planned for Cambodia, China, France and Mexico as it forecasts bright prospects for the luxury sector in all regions. A key to Rosewood’s competitiveness with larger chains is personalized relationships with developers, Bridle says. Read the Hotel Management online story

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Hotel construction to begin at N.Y. track

Groundbreaking is planned this week for a new hotel at Tioga Downs, N.Y., an electronic gaming parlor and racetrack that aspires to become a resort casino. The operation recently received a state casino license. Read the The Washington Times/The Associated Press story here

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Suburban Square, in Pa., will get major expansion

Suburban Square, an 88-year-old lifestyle center built in Ardmore, Pa., is getting a $20 million expansion. The project includes a roughly 50% expansion of an existing Trader Joe’s, a four-level parking garage addition, and a two-story retail and office building addition by owner Kimco Realty.

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