, Salem, MA


September 12, 2012

What's new at the malls? Lots of new stores

Whether it’s an indicator of an improving economy or just a coincidence, a bunch of new stores are opening at the Northshore and Liberty Tree malls this fall.

Five new stores are opening at the Northshore Mall in Peabody, and a sixth store, Brooks Brothers, is relocating and expanding in a new location at the mall. Among the most anticipated is the shiny new The Container Store, a free-standing shop that is taking over the site of the former Bugaboo Creek.

The Liberty Tree Mall in Danvers is boasting three new permanent shops, including a self-service kiosk that can evaluate and buy back used consumer electronics for cash. It will also have two seasonal businesses.

Are the new stores a sign of an improving economy? The National Association of Realtors said in August that commercial real estate was recovering slowly amid a slow jobs recovery and tight credit market. But things may be looking up, as the association said the retail vacancy rate is expected to drop from 10.9 percent this quarter to 10.7 percent in the third quarter of next year.

Earlier this year, G2 Salon, LEGO, Apricot Lane and Crewcuts by J. Crew, a kids clothing store, opened in the Northshore Mall.

Here’s is a quick rundown of the new shops and when they will be opening.

Northshore Mall

The Container Store aims to help customers get organized and save space and time, selling a variety of shelving, storage systems, bins and baskets, cleaning supplies, and more. The new 24,000-square-foot store will open in mid-October.

Orvis started as a specialty shop for fly-fishing gear, but you don’t have to be a fisherman to shop there now. Orvis sells clothing, home furnishings, gifts and dog products for those with an active lifestyle. It plans to open in October.

Text Only | Photo Reprints

AP Video
Looming Demand Could Undercut Flight Safety Six Indicted in StubHub Hacking Scheme Trump: DC Hotel Will Be Among World's Best AP Review: Amazon Fire Adds Spark to Smartphones All Aboard! LIRR Strike Averted Microsoft to Cut Up to 18,000 Jobs Time Warner Rejects Murdoch's Takeover Bid Yellen Says Economy Still Needs Fed Support Cleveland Expects Economic Boom From Lebron Justice Dept. Fines Citigroup $7 Billion Justice Dept. Fines Citigroup $7 Billion Downside of Low Mortgage Rates? Less Selling Cupcake Shop Crumbs Shuttering All Its Stores San Francisco Prepares for Soda Battle Dow Breaks Record 17,000 GM Crash Compensation Could Top $1 Billion GM Won't Limit Crash Compensation Funds
NDN Video
Weird 'Wakudoki' Dance Launches Promotional Competition Two women barely avoid being hit by train Chris Pratt Adorably Surprises Kids at a 'Guardians of the Galaxy' Screening Chapter Two: Designing for Naomi Watts NOW TRENDING: Peyton Manning dancing at practice "The Bachelorette" Makes Her Decision Thieves pick the wrong gas station to rob Golden Sisters on '50 Shades' trailer: 'Look At That Chest!' Staten Island Man's Emotional Dunk Over NYPD Car - @TheBuzzeronFOX GMA: Dog passes out from excitment to see owner Baseball Hall of Famers Inducted 'Hunger Games: Mockingjay Part 1' Sneak Peek Florida Keys Webcam Captures Turtles Hatching Morgan Freeman Sucks Down Helium on 'Tonight Show' Robin Wright Can Dance! (WATCH) She's Back! See Paris Hilton's New Carl's Jr. Ad Big Weekend For Atlanta Braves In Cooperstown - @TheBuzzeronFox Chapter Two: Becoming a first-time director What's Got Jack Black Freaking Out at Comic-Con? Doctors Remove 232 Teeth From Teen's Mouth
Comments Trcker