EQUITY RETAIL BLOG

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

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 Ross Dress For Less To Enter Greater Chicago Area Ross Dress for Less®, the nation’s largest off-price apparel and home fashion retailer with […]

A&P scrapping low price project, seeking more time to reorganize

A&P says their effort to introduce everyday low prices at its A&P, Super Fresh and Waldbaums stores didn’t resonate with consumers and hurt profits. Therefore, the “Lower Price Project” launched in March 2010 that replaced discounts and coupons by establishing lower everyday prices on 10,000 items, has been scrapped. A&P has been operating under Chapter […]

Wawa signs leases, plans to enter Florida market

According to the Orlando Business Journal, Wawa has signed “more than 10” leases in the Orlando, Florida market, and the retailer has indicated it will open as many as 100 stores in the state. According to a Wawa regional real estate manager, site work on the first set of stores will begin in the next […]

Foodtown announces creation of new co-op

On Friday, President and COO Bill Donahoe announced the formation of Allegiance Retail Services, LLC, a company that will function like a co-op by providing retail services to Foodtown operators. Independent retailers operating under other banners will also be able to benefit from the co-op. Allegiance will provide members with advantages such as collective buying […]

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 […]

Hobby Lobby to Open 5 California Stores

Hobby Lobby with 489 stores in 40 states will be opening 5 stores in California.  It appears that at least 4 of the stores will be opening this year.   Hobby Lobby specializes in arts and crafts, picture framing, party supplies, cards, holiday supplies, and home accessories.  Leases for the company are best suited for […]

JCPenney & Nordstrom Rack Coming to Willow Grove Park Mall

JCPenney and Nordstrom Rack will be taking portions of the former Strawbridge’s at the Willow Grove Park Mall (Willow Grove, PA).  The vacant Strawbridge’s has sat empty since 2006.  JCPenney will total 114,000 square feet on two floors. Prior to the economy downturn, I personally noticed JCPenney on a number of proposed shopping center site […]

Dick's Goes to Staten Island

From silive.com, Dick’s opened it’s first Staten Island and New York City store on Friday.  The store is about 36,000 square feet and will shed the Hunting and Biking Departments because it is smaller than the normal prototype.  Dick’s hopes to add those departments in the future.   silive.com Article

Earnings reports in from Whole Foods, Safeway, Supervalu, Kimco and PREIT

In the last week a number of supermarkets and REITS announced earnings. Here is a summary of a few with local ties.   Whole Foods announced that net income for the fiscal third quarter rose 34.6% to $88.5 million, and sales climbed 10.9% to $2.4 billion. According to the company, a better price image and strong […]