EQUITY RETAIL BLOG

Redner's Market to open in former Super Fresh space

Redner’s Market has begun hiring for its new location at the Shops at Lionville Station in Chester Springs, PA, formerly the home of a Super Fresh supermarket. The new store is scheduled to open on November 2. Although Redner’s is known as a “no-frills” warehouse market, this new, full-service store will offer bakery, deli, seafood, […]

Sears Holdings Looking to Leverage Brands

Is Sears Holdings finally going to start focusing on selling the brands worldwide in other venues as well as making money off their vast real estate holdings? See the good article from Seeking Alpha.

Burlington Coat's New Line of Credit

Burlington Coat now has an amended credit agreement that will now come due in September of 2016. Burlington Coat Factory Investments Holdings, Inc. and its operating subsidiaries (the “Company”), a nationwide retailer based in Burlington, New Jersey, today announced that on September 2, 2011, Burlington Coat Factory Warehouse Corporation (“BCFWC”) entered into a Second Amended […]

Will Sears Kmart Last Another Year?

The following is one person’s blunt analysis of whether the once retailing giants will last much longer.  Your thoughts? Esquire Article It was a great story, but it was not a retail story. It was a real estate story, perfect for 2005. And then the real estate market crashed. All of a sudden, the whole […]

New Store Announcements - Week of 8/29/11 & 9/5/11

  The last two weeks have proven to be slow when it comes to news…. here are some new store announcements:   Weeks of 8/29/11 and 9/5/11 Books-A-Million – Sumter, SC (Former Walden Books) Books-A-Million – Birmingham, VA (Former Joseph-Beth Booksellers) Dick’s – Peach Tree, GA hhgregg – Naperville, IL, Avg. 30,000 SF HomeGoods – […]

Fitness centers increasing their presence in shopping centers

CoStar reported that fitness centers, health clubs and gyms accounted for 8.8% of new leases signed so far this year by retail chains in the U.S., according to a story yesterday in The Wall Street Journal. At this point last year health clubs and gyms accounted for 7.9% of new leases by retail chains. U.S. […]

Costco's CEO to Retire

Costco’s co-founder, Jim Sinegal, who is known for his colorful personality and love for the $1.50 hot dog and soda, is retiring at the age of 76.  He is revered for not making decisions to appease Wall Street at the expense of his customers and employees.  This philosophy is an example of his well known […]

Survey says rental rates to spur more retail store openings

According to a survey of 100 retail chains by CB Richard Ellis, 59% of U.S. retailers plan to open more stores due to the attractive rental rates currently available. The survey also found that nearly all the retailers (94%) have been able to negotiate tenant improvements in their leases, including financial contributions from the landlord, […]

Fitch report keen on supermarkets, ShopRite named retailer of the year

According to a report from Fitch Ratings, supermarkets appear to be stabilizing after several tough years, thanks in large part to higher food prices. For the last few years, supermarkets have cut prices and increased promotions to combat increased competition from dollar stores and discounters. However, top grocery chains like Safeway, Supervalu and Kroger are […]

The Fresh Market reports profits and growth

Earlier this week, The Fresh Market reported strong sales and profits for the 13-week period ending July 31.  Net income for the company during the period was $10.5 million, and sales totaled $259.5 million. With comparable store sales up 4.6%, it was their seventh consecutive quarter of 4%-plus comps. In addition to income and sales […]