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Big Lots to change up store layouts in 2017

Big Lots will make over its stores to focus on “more of a whimsical, fun shopping experience,,” executives said. The retailer will test new layouts starting in 2017 that will put furniture and seasonal items in the front of stores, with more details to follow

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30-story hotel being constructed in Louisville

Crews are now on the 12th floor of a $300 million 30-story hotel, residential and retail tower under construction in Louisville, Ky. It’s near the Kentucky International Convention Center, which is undergoing a $200 million renovation. Read the WLKY-TV story here

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Report: Construction costs end 2016 on a high note

Construction costs rose for the second straight month, according to IHS Markit and the Procurement Executives Group (PEG). The headline current IHS PEG Engineering and Construction Cost Index registered 53.3, up from 50.7 in November, continuing the recovery after a 22-month slump in prices. Strength

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Lidl maps expansion plans in Pa., N.J.

The U.S. division of German discount grocery chain Lidl has acquired about four acres of land in Philadelphia, public records show, as part of its plan to open several stores in the region. Lidl, which expects to open up to 150 stores on the East

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Hotel projects look to add 2M rooms worldwide

Current and planned hotel developments worldwide total 11,547 properties, according to the latest Global Construction Pipeline Trend Report from Lodging Econometrics. This accounts for almost 2 million rooms. Read the Hotel Management online story here

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