EQUITY RETAIL BLOG

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 […]

Privatization of liquor sales would create opportunity for supermarkets

According to multiple reports, PA House Majority Leader Mike Turzai has introduced a bill that would result in the auctioning off of the state’s 600 liquor stores and the sale of additional liquor licenses. A debate is raging among State House leaders over Turzai’s bill (HB 11) and whether or not it makes financial sense. […]

Target Doing Grocery

As we all know in Pennsylvania, New Jersey and Delaware, Target is expanding its grocery format at many of its stores.   In St. Louis, Target is also making the move to convert stores.  Adding the expanded grocery (“PFresh”) is not to be confused with the SuperTarget format, which is substantially bigger.  However, I know […]

Kansas & Cabela's

Cabela’s is coming to Kansas in the Spring of 2012.  Site work has begun on their new 80,000 SF location in Wichita.   According to the Wichita Eagle (See article below), the new store is expected to attract between 800,000 and 1,000,000 million visitors each year. The company is utilizing smaller prototypes to get closer […]

Shoe Carnival Into Montana

Shoe Carnival is entering Montana with its first store.  One is already open in Wyoming and there are more to come in the north and west.  The company is up to 314 stores in 30 states. The Montana store is responsible for 25 new jobs. Shoe Carnival is currently operating in western and central Pennsylvania. […]