NEW YORK, NY - JANUARY 28: A Lululemon corporate logo hangs above their store in Soho on January 28,. More 2023, in New York City. (Photo by Gary Hershorn/Getty Images)Getty Images. Athleisurewear giant Lululemon just delivered an otherwise strong fourth quarter and full-year earnings report with results exceeding expectations. Annual sales surpassed $10 billion for the first time, reaching $10.6 billion on 10% year-over-year growth. The fourth quarter ended Feb

A multi-million-dollar redevelopment at West Orange Plaza is driving significant leasing momentum, with new commitments and ongoing activity poised to bring the property – including its Phase 1 expansion – to full occupancy. The 296,500-square-foot, Whole Foods-anchored shopping center, located at 235 Prospect Ave., began its extensive property-wide upgrade in 2024, following a new lease with Target.Recent additions include Dogtopia, a fast-growing pet wellness brand that opened a 5,000-square-foot location in February, offering daycare, boarding, and spa services. Founded in 2002, Dogtopia is a category leader and is on track to surpass 400 locations by 2026. Joining the lineup soon will be Club Pilates, the world’s largest Pilates studio network, known for making Pilates accessible and approachable to all.Levin Management Corporation (LMC), which serves as the leasing and managing agent for West Orange Plaza, reports that six additional leases – representing approximately 25,000-square feet – are in advanced negotiation stages, with several more letters of intent (LOIs) in process. This activity is expected to fill remaining in-line spaces and newly developed outparcel buildings, positioning the property for sustained success.“We are seeing firsthand how redevelopment can spark renewed interest and attract best-in-class, expanding retailers,” said Ed Vasconcellos III, leasing representative at LMC. “The addition of two nationally recognized brands like Dogtopia and Club Pilates reinforces our strategy to establish West Orange Plaza as a premier retail destination

Want additional evidence of the American consumer’s declining confidence? Check out retail foot traffic. Visits to U.S. stores dropped by 4.3% in early March, the Financial Times (FT) reported Sunday (March 16), citing data from RetailNext. That drop was on top of decreases that kicked off with the beginning of the year. And Placer.ai, which tracks signals from consumers’ mobile devices, has notched fewer trips to big box retailers like Walmart and Target in the past few weeks, the report added