Summit land retailers
High-end yoga clothier lululemon athletica, which ranks in the top three U.S. retailers in terms of sales per square foot, will open a store this summer at The Summit, the outdoor shopping mall at the Mt. Rose Highway and South Virginia Street.
Known mostly for its almost-$100 yoga pants, lululemon sells a wide variety of active wear for men and women. The retailer will be located between other retailers Pottery Barn and Williams-Sonoma.
Also signing a lease at the shopping center is Miguel’s, one of Reno’s oldest restaurants. The Mexican eatery is expected to open its second location some time this month, according to a news release.
Other recent openings at The Summit included francesca’s, a women’s clothing, accessories and gifts retailer; Picasso & Wine, a locally-owned paint and sip art studio and the relocation of Talbots, also a purveyor of women’s apparel, shoes and accessories.
“Announcing lululemon as well as other openings is a good indicator of the economic outlook and vibrancy in Reno for 2015,” said Alexia Bratiotis, general manager of The Summit, in a statement. “This variety of new retailers and restaurant offers shoppers even more reasons to visit and spend time at The Summit.”
If its track record elsewhere is any indicator, the yoga retailer will be a strong drawing card for the mall. According to one survey, the average lululemon store rakes in an enviable $1,936 in sales per square foot.
Apple, which also has a store at The Summit, continues to be by far the highest-performing retailer in the country.
Apple purchases per square feet are $6,050 according to RetailSails, which analyzed public filings and estimates from industry sources for sales figures from more than 200 American retailers.
No. 2 is Tiffany and Co., which earns a mere $3,017 per square foot.
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“Economic diversification is inextricably intertwined with higher education and the university,” former Gov. Brian Sandoval told the NNBW last week. Read more in a Q-and-A with the UNR president, in which he discusses the university’s role in the economy and what opportunities are on the horizon in 2021 and beyond.