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 […]
The Fresh Market Bought Out by Apollo Global Management
Specialty grocer The Fresh Market, which operates 186 stores in 27 states, says it has entered into a definitive agreement to be acquired by an affiliate of Apollo Global Management for approximately $1.36 billion. The announcement dismisses rumors that circulated earlier this year that the Greensboro, North Carolina-based company likely would be purchased by The Kroger Co. It also will […]
Dick’s Aiming for 36 New Stores in 2016
Design Retail Link Forbes Article What Sports Authority And Dick’s Sporting Goods Indicate About The State Of The Retail Industry A week after Sports Authority filed for bankruptcy, Dick’s Sporting Goods announced plans to open 36 new stores. The two starkly contrasting news items send a message about the state of the retail industry today […]
Hancock Fabrics Bankruptcy Sale of Leases
The List of Stores Auction today for remaining Hancock Fabrics stores The future of Hancock Fabrics could be decided this morning in U.S. Bankruptcy Court in Delaware, where an auction will be held for its remaining 190 stores. The Baldwyn-based fabrics and craft retailer filed for Chapter 11 restructuring in early February, and said it […]
Men’s Wearhouse Closing Closing 80-90 Jos A Bank Stores
Also closing all outlet stores. ICSC.org Article
Sports Authority Closure List
USA Today Article Sports Authority plans to begin liquidation sales as soon as Friday at about 140 stores that are set to close as part of its Chapter 11 bankruptcy. The Englewood, Colo.-based chain — owned by Los Angeles-based private equity firm Leonard Green & Partners — filed for bankruptcy Wednesday, citing $1.1 billion in debt and saying that its sales had […]
Chick-fil-A’s Great New Strategy
This one is for millennial Moms…. Chick-fil-A, in its quest to steal a bit of business away from McDonald’s, has launched a new service to make their offerings more attractive for moms, particularly Millennial moms between the ages of 18 and 35. David Farmer, Chick-fil-A’s vice president of menu strategy and development, told Business Insider that the […]