Monday, August 29, 2011

New Store Announcements - Week of 8/22/11

Week of 8/22/11
Burlington Coat – Philadelphia, PA
Burlington Coat – Royal Palm Beach, FL, 70,000 SF
buybuy Baby – Inland, CA
Christmas Tree Shops – Wallkill, NY
Costco – Warminster, PA
Giant Foods – Philadelphia, PA
hhgregg (14 stores) – Chicago Region, IL
Hobby Lobby – Salisbury, MD, 56,800 SF
Home Goods – Tinley Park, IL
JC Penny – Seattle, WA
Menard’s – Chesterfield, MI
Michael’s – Sarnia, Canada, 14,000 SF
Old Navy – Tinley Park, IL
REI – Paramus, NJ
Shoe Carnival - Russelville, AR
Target – Madison, AL
TJ Maxx – Greeley, CO, 25,000 SF
Toys R Us/Babies R Us – South Elgin, IL, 60,000 SF (Relocation)
Toys R Us/Babies R Us – Orlando, FL
Wal-Mart – Springfield, PA

Friday, August 26, 2011

Books-A-Million Buys 14 Borders Leases

Borders buys 14 Borders leases for $934,209.  Some of the locations include, ME, OH, NH, and NJ.

Bloomberg Article

Target Takes Aim at Walmart, With Some Success (NPR)

This brief NPR article is an interesting account of how Target is seemingly gaining over Walmart.  Adding groceries seems to be paying off for Target while Walmart is showing signs of being very susceptible to the 'paycheck cycle'.  Target has also lowered prices and successfully instituted a customer loyalty credit/debit card.

NPR Article

Thursday, August 25, 2011

21 Stores for Toys R Us in 2011

Toys R Us is scheduled to open 21 new stores this year and remodel 23.
L.A. Times Article reported that The Wayne, N.J.-based company will have 43 superstores nationwide by the end of 2011.
Crain's Article

Sunday, August 21, 2011

New Stores During the Week of 8/15/11

Week of 8/15/11
The following is an unscientific list of new stores that I noticed while researching for the blog.  Congrats Burlington Coat!

Babies R Us/Toys R Us – Indio, CA, Relocation (25 jobs)
Burlington Coat Factory – Columbus, GA, 70,000 SF
Burlington Coat Factory – Benton Township, MI, 60,000 SF
Burlington Coat Factory – Pearland, TX, 70,000 SF (80 jobs)
CW Price – 47 Stores Nationwide Opened 8/18
Michael’s Arts & Crafts – Glenway Crossing, OH
LA Fitness – Atlanta, GA (50 jobs)
LA Fitness – Mission Viejo, CA, 62,000 SF
Sam’s Club – Dallas, TX (W. Walmart, 300 jobs)
Tractor Supply – Las Cruces, NM
Walmart – Dallas, TX (W. Sam’s Club, 300 jobs)

Double Decker Walmart-Sam's Club

Walmart is trying something new in Dallas....Walmart on the top floor, Sam's Club underneath, and a three level parking garage.  Less land, more synergy, one stop shopping. 

KDAF-TV Article

Shop Kick Helping the Boxes

In the never ending fight to get customers in the store,  retailers are using a  relatively new iPhone and Android app called Shop Kick to generate customer trips. Shop Kick users get rewards when they walk into partner stores. 

Check out this article and you may end up downloading the app.  However, some may end up dismissing it outright.  Before overlooking this article because you may not think it's important, keep in mind the vast majority of people under thirty are rarely, if ever, without their smart phones.  Email is becoming 'old school' for them and texting, Tweeting, social media, and the like are their primary forms of communication. 

Sports Authority tried it and they are going back for more.  Toys R Us and Babies R Us are also getting on the wagon. 

Please see the link below for the article and the full list of tenants using the app.
Clickz Article

Monday, August 15, 2011

New Store Announcements - Week of 8/8/11

The following were a list of stores that were mentioned in articles throughout the week.  Last week TJX Companies (TJ Maxx, Marshalls, HomeGoods) had the most stores announced.  This week Kohl's is the winner. 

Week of 8/8/11
Cabela’s – Wichita, KS, 80,000 SF
Hobby Lobby – Wallkill, NY (30-50 jobs)
Kohl’s – Williamsport, PA (130 jobs)
Kohl’s – Sarasota, FL (130 jobs)
Kohl’s – Encinitas, CA (150 jobs)
LA Fitness – Bookhaven, GA, 50,000 SF
LA Fitness – Chicago, IL, 31,500 SF
La-Z-Boy – Attleboro, MA
Menard’s – Virginia, Minnesota, 162,000 SF (200 jobs)
Men’s Warehouse – Hagerstown, MD
Ross Dress for Less – Sequim, WA
Sports Authority – Vero Beach, FL
TJ Maxx – Presque Isle, ME, 25,000 SF (50-60 full & part time jobs)
Unleashed (Petco smaller concept) - Severna Park, MD
Walmart Express – Greene County, NJ

Saturday, August 13, 2011

Walmart: Trying to Generate More Sales

Three new moves Walmart is implementing to generate more sales...

1, Walmart Express - 15,000 SF
2. Remodel all stores by 2012
3. Walmart To Go - Online grocery delivery service with minimum $49 order ($5 fee)

Forbes Article

Walmart Express Under Construction in North Carolina

A new Walmart Express is under construction on the east coast in Greene County North Carolina.

News 12 Link

Wednesday, August 10, 2011

Petco Going Smaller with Unleashed

Petco has a smaller concept called Unleashed that takes approximately 4,000-5,000 square feet.

The Unleashed concept is smaller than the typical Petco store and specializes in natural, organic, and higher end products.

One of the latest locations will open in Severna Park, MD.
Severna Park Patch Article

Unleashed Web Site

Liberty Media Bidding for Barnes & Noble

As reported earlier this year, Liberty Media has made a $1 billion ($17 per share) offer to acquire approximately 70% of Barnes and Noble.  According to the Wall Street Journal, Liberty is through the due diligence phase of their financial data analysis and now working on arranging financing for the transaction.

Liberty owns QVC and Starz (pay cable channel).

Wall Street Journal Article

ABC News Story

Monday, August 8, 2011

New Store Announcements - Week of 8/1/11

The following is a list of new stores that were mentioned in articles throughout the week or are occurring in the Philadelphia area:

Big Lots – Livermore, CA
Big Lots – Abilene, TX
Office Depot – Brownsville, TX, 18,000 SF
Cabela’s – Tulalip, WA (200 jobs)
Cabela’s – Charleston, WV
Carmike Theaters – Pottstown, PA
Costco – Sanatoga, PA
Hobby Lobby – Roseville, CA, 76,248 SF
Hobby Lobby – Jensen Beach, FL, 53,000 SF (35-40 jobs)
Hobby Lobby – Winchester, VA, 58,000 SF (35-40 jobs)
Hobby Lobby – Temecula, CA, 74,991 (35-40 jobs)
HomeGoods – Pittsburgh, PA
HomeGoods – Maple Gove, MN, 25,000 SF
HomeGoods – New Milford, CT
HomeGoods – Cupertino, CA
Kohl’s  – New Milford, CT
Petco – Gloucester City, CA
Petco – Livermore, CA
Ross: 12 Stores – Chicago, IL (600 jobs)
Ross – Redmond, WA
Sam’s Club – Sioux Falls, SD 165,000 SF
Shop Rite – Hatfield, PA
Target – San Francisco, CA (200 jobs)
Target – Santa Clara, CA (100-250 jobs)
TJ Maxx/HomeGoods – Kendall, FL, 46,000 SF combo store (120 jobs)
TJ Maxx – Livermore, CA
TJ Maxx – Hendersonville, NC
TJ Maxx – Cupertino, CA
TJ Maxx – Columbus, MS
Tractor Supply - Columbia, MI
Tractor Supply – Ticonderoga, NY, 25,000 SF (12-17 jobs)
Tractor Supply – Medina, NY, 23,000 SF
Wegmans – King of Prussia, PA

Best Buy Express Growing

Best Buy Express, the self-serve, kiosk is adding approximately 100 locations in the next year.  The company has placed at least 150 in the last three years.  This concept is yet another example of how the traditional bricks and sticks retailers are shrinking their prototypes while trying to generate sales through other channels.

Reuters Article

Saturday, August 6, 2011

Ross Dress for Less: 12 Chicago Stores

As reported in the Chicago Tribune, Ross Dress for Less to open 12 stores simultaneously on October 8 in the Chicago area.  

Ross is creating approximately 600 jobs.

Chicago Tribune Article

Monday, August 1, 2011

Menards to Start Construction in Missouri

As reported in the Southeast Missourian, Menards is the third largest home improvement store in the country.  The company has purchased the site, site work has begun, and building plans for the 162,340 square foot store have been submitted to the township.  

The company has approximately 250 stores in the country and will soon have 10 stores under construction slated to open in 2012.  

The store will employ 160 people.  

Southeast Missourian Article