FEDERATED SELLS STORES: Federated Department Stores Inc. said Tuesday it agreed to sell nine department store locations to General Growth Properties. The nine stores, all located in General Growth malls, are among 80 duplicate locations nationwide Federated had previously announced for divestiture as a result of its acquisition of The May Department Stores Co. last year. Federated now has announced buyers for 55 of the 80 locations. The locations are two Filene’s units, both in the Maine Mall in Portland; five Macy’s — in Natick Mall, Massachusetts; Montclair Plaza in California; North Star Mall, San Antonio; Stonebriar Centre in Dallas, and Tucson Mall in Tuscon; a Robinsons-May in Bakersfield, Calif., and a Strawbridge’s in Newark, Del. Terms of the sale were not disclosed.
PRIMARK HITS SPAIN: Primark, the U.K. discount clothing retailer, which sells jeans for $11 and T-shirts for $5.50, has launched in continental Europe. The chain, which is owned by Associated British Foods, parent of Fortnum & Mason, opened a 20,000-square-foot store in Madrid’s Plenilunio shopping center last week. “It’s a pilot store at this stage, but we think there’s good potential for the Primark concept in Spain,” said a spokesman for ABF, who added that Primark will also open a store in Spain’s Murcia region in October. Primark currently has 127 stores in the U.K. and Ireland, where it trades as Penneys. The company will also open a store on London’s Oxford Street in March 2007, on the site of one of the 120 stores that ABF bought from the troubled Littlewoods clothing chain last year.