McCaffrey’s Opening Two New Stores
Doylestown – 13,000 SF Blue Bell – 50,000 SF Supermarket News Article McCaffrey’s Food Markets said it would open two new stores in Pennsylvania including a 13,000-square-foot store in Doylestown the company described as a “best of McCaffrey’s” offering. Both stores are expected to open in late spring. The Doylestown store, identified as Simply Fresh […]
Burlington Mall Renovation Delayed
A $230 million plan to renovate Burlington County Mall has been delayed until fall of this year. The renovation plans for Burlington County Mall, renamed the ‘Marketplace at Burlington,’ have been delayed due to ‘complicated lease agreements’. The $230 million renovation was supposed to be a turnaround for the mall. According to Philly.com, the location of the […]
Three Brixmor Execs Resign
Reuters Article Brixmor’s top executives exit after accounting review, shares plunge Shopping center owner and operator Brixmor Property Group Inc said its CEO and two other top officers resigned after an internal review found that its financial statements were tampered with, sending its shares down as much as 25 percent. The company said on Monday […]
Lowe’s making a Big Splash in Canada
Lowe’s is buying a market leader in Canada. icsc.org Article LOWE’S TO ACQUIRE RONA, CREATING CANADA’S LEADING HOME IMPROVEMENT RETAILER – Transaction unanimously approved by both companies’ Boards of Directors – Agreement is based on compelling strategic rationale for both companies – Lowe’s pledges important commitments to RONA’s key Canadian stakeholders – Lowe’s to locate its Canadian head office in Boucherville, Quebec; Canadian […]
Retailers Shaving Some Stores & Preparing for Future
This article provides a good understanding of the 2015 holiday shopping season and retail today. http://nreionline.com/retail/retailers-pare-store-counts-landlords-brace-bumpy-transition?NL=NREI-21&Issue=NREI-21_20160204_NREI-21_208&sfvc4enews=42&cl=article_1&utm_rid=CPG09000005856700&utm_campaign=4960&utm_medium=email&elq2=25d99cbe34244807b808126b03
JCPenney Closing 7 Stores
Consumerist Article History appears to be repeating itself at JCPenney this week. Just days after the retailer announced its same-store sales were up through the holiday season, the company tempered that good news by unveiling plans to close several stores… again. You might remember the same good news-bad news pattern from just a year ago when the company said […]
Joyce Leslie Files for Chapter 11 Bankruptcy
NY Post Article
LIDL Overview of Site Selection
Supermarket News Overview of LIDL Site Selection As part of an effort to acquire sites for its U.S. store expansion, Lidl has launched a new website detailing its preferred site criteria, and guidelines for potential suppliers. The site confirms that the retailer is seeking to build stand-alone stores of 36,000 square feet in dense population markets […]
Walmart Closing 269 Stores
The closings include… 102 company small format stores 23 Neighborhood Markets 12 Supercenters 7 stores in Puerto Rico 6 discount centers 4 Sam’s Clubs Shopping Center Business Article Bentonville-based Wal-mart Stores Inc. is set to close 269 stores in the U.S. and globally. In October 2015, the company said an active review of the portfolio […]
Mall Anchors are Fading
The following article is a good accounting of the current state of affairs for mall anchors. There is some information specific to the Philadelphia market, but there is enough national information to make it a worthwhile article. Traditional mall anchors are fading away The American middle class is disappearing, and with it, the mall anchor store. […]