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

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

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


Crainsnewyork.com reported that The Wayne, N.J.-based company will have 43 superstores nationwide by the end of 2011.
Crain's Article

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