TJX Has Aggressive Store Opening Plan
CNN Money Article T.J. Maxx, Marshalls and HomeGoods plan to open thousands of new stores TJX Companies, owner of T.J. Maxx, Marshalls, and HomeGoods among other brands, plans to grow its number of stores by more than 50%. It will have 5,600 stores when it is finished expanding, up from the current total of nearly […]
BB&T Closing 28 Local Branches
Philadelphia Business Journal Article
Staples & Office Depot Terminate Merger
ICSC Article Staples and Office Depot to Terminate Merger Agreement Staples, Inc. (Nasdaq: SPLS) today announced that on May 16, 2016, the company and Office Depot, Inc. plan to terminate their merger agreement following U.S. District Court for the District of Columbia’s recent ruling granting the Federal Trade Commission’s request for a preliminary injunction to […]
Make the Difficult Call
I recently posted a video about making the difficult call. If you have a hard message to deliver or you need to give someone bad news, don’t delay the phone call. When you make that call to the friend, colleague, client, consultant, vendor, or family member, the conversation in and of itself helps strengthen your […]
What’s He Doing? Videos from Rob
I am going to give something new a try. There’s a lot going on in my world and Equity Retail Brokers’ world that some people never see. Unless your are an existing client of mine or the company, people just don’t get to hear how I feel about certain topics and they don’t get to know some […]
Wal-Mart to Open a Store in Bethlehem, PA
Wal-Mart Stores Inc. already has two fulfillment centers in Bethlehem to support its e-commerce business. Now it wants its first brick-and-mortar store in the city. The retailer on Tuesday announced it is planning to build a supercenter in Lehigh Valley Industrial Park VII, at Route 412 and Commerce Center Boulevard in south Bethlehem. The 158,000-square-foot […]
Sports Authority Closing All Stores
Philadelphia Business Journal Article Retail Dive Article Sports Authority closing all stores, drops reorganization bid Sports Authority, which filed for Chapter 11 bankruptcy protection last month, has abandoned its reorganization effort and will instead sell its assets to a number of interested buyers. According to a Tuesday Wall Street Journal story, an attorney for the Englewood, […]
Case Study – Springfield Shopping Center
THE CHALLENGE Springfield Shopping Center was originally anchored by a free-standing department store. The balance of the property is still comprised of a free-standing bar/restaurant and a “reverse, L-shaped” sizable strip of stores. The center itself and its leasing were patiently waiting for a new anchor and renovation. The owner, Kimco, successfully secured Giant […]
Kohl’s Is Trimming Some Stores
Fortune Article Kohl’s (KSS) will close 18 stores in 2016 in anticipation of another year of meager sales gains. The number may not sound huge, but it’s the first time the retailer has had a store-closing campaign. Earlier this month, the chain reported comparable sales rose a modest 0.4% during the holiday season. Now the department store expects […]
Stein Mart Expanding
Jacksonville Business Journal Article Stein Mart’s big expansion, several new stores coming Jacksonville-based Stein Mart Inc. (NASDAQ: SMRT) will open five new stores this spring with plans to open a dozen by the end of 2016. The five stores that will open this spring will be in Denver Colo.,Philadelphia Pa., Madison Wis., Naples Fla. and […]