Target Announces New Stores
Target announced its new stores in 2016 and 2017. Most will be urban stores in New York City, Boston, Philadelphia, and Chicago ranging from 19,000 SF to 45,000 SF. The only full-size store will be opened in Allentown, Pennsylvania. Argus Leader Link
Bridgestone Matching Icahn Offer for Pep Boys
Bridgestone Corp. increased its offer for auto parts retailer Pep Boys, the companies announced late Friday afternoon, matching the price offered by activist investor Carl Icahn.
Cheltenham Mall Gets a New Life
‘Warmer’ look, new name for Cheltenham Mall Developers presented a more refined plan for remaking the Cheltenham Mall on Monday, an open-air mix of stores and restaurants with glass facades, some brick and metal trim. “We’re trying to work with a combination of materials to give it a warmer look,” architect Jerry K. Roller told […]
Bass Pro Enters Connecticut
Bass Pro Enters Connecticut – Chain Store Age Article
Home Depot & Lowes: Strong Performance
Forbes Article A housing recovery may be keeping home improvement retailers like The Home Depot insulated from the problems plaguing other retail stocks. The Home Depot reported third quarter net income as $1.7 billion, or $1.35 per share, up a whopping 17.4 percent, from a year ago. Total sales were up 6.4% to $21.8 billion year-over-year. These earnings were in line with […]
REI Closed on Black Friday
Forbes Article Black Friday Disrupter: REI Goes Retail Rogue Black Friday has become a tradition to kick off the holiday shopping season. And, it’s all about the money. It’s about customers saving money and retail stores offering great deals to increase their sales. It’s a tradition to kick off the holiday shopping season. With so […]
BJs Wholesale Coming to Summerville, South Carolina
GBT Realty Corp. will develop a new BJs Wholesale Club in Summerville, S.C. The $12 million development is situated on a 10.5-acre site at the southeastern corner of Interstate 26 and North Main Street. The 87,800-square-foot membership warehouse club will feature a BJ’s gas station and is expected to open in late 2016. Construction is […]
York Capital Acquiring Houlihan’s
Restaurant News Aritcle York Capital Management has signed a definitive agreement to buy the parent company of Houlihan’s, the Leawood, Kan.-based restaurant operator said Monday. York is buying Houlihan’s Restaurants Inc. from a subsidiary of Goldner Hawn Johnson & Morrison. Terms were not disclosed, but HRI said the transaction was expected to close in December. Restaurant veteran […]
Bridgestone to Buy Pep Boys
Iconic auto repair chain Pep Boys – Manny, Moe & Jack agreed to be bought by tire giant Bridgestone Americas Inc. for $835 million, or $15 a share cash. The all-cash deal, which represents a premium of 23% over the stock’s closing price Friday, will be structured as a tender offer to close as soon as next year. At least a […]
Costco to Build 32 New Stores In the U.S. and Abroad
Costco Wholesale Corp. is feeling the pain of lower fuel prices and the stronger dollar, but the warehouse retailer is pushing ahead with plans to open more stores in the U.S. and abroad as it attracts new customers. Chief Financial Officer Richard Galanti said the retailer continues to see growth opportunities in the U.S., Canada […]