Aldi to Reopen 30 Bottom Dollar Stores
Aldi to Reopen 30 Bottom Dollar Stores
Sears, a REIT, and General Growth
ICSC.org Article Sears setting up REIT to raise $2.5 billion from shareholders Sears Holdings Corp. plans to raise more than $2.5 billion from shareholders by offering rights to buy shares in a real-estate investment trust that will hold some of its stores. The REIT is the latest in a series of steps Chief Executive Eddie […]
Buyout Closes for PetSmart
PetSmart officially changed hands today and acquired new leadership. A consortium led by BC Partners completed the acquisition of the pet supplies and services company this morning. The deal, announced in December, had been approved by shareholders Friday. Michael J. Massey was named president and chief executive officer. He replaces David Lenhardt, who joined the […]
Primark’s First U.S. Stores
Five of the first seven stores are revealed in this article. CoStar Article Primark: The retail sensation that’s cheaper than H&M “We want to be known first and foremost for amazing prices,” says John Bason, finance director of Primark’s parent company Associated British Foods (ASBFY). Prices in Primark stores may be similar to what you find in Walmart (WMT). […]
Target Done in Canada
Good article on Target’s experience in Canada. NY Times Article From stores to mannequins: Target’s post-Canada wish list It’s going to cost a big chunk of change, but less than two years after opening its first store in Canada, Target has decided to close the profit-sucking operation there. While the news will initially be a blow to the big-box […]
Supermarket Industry Mergers & Acquisitions
This article gives some insight into a few important mergers and acquisitions in the grocery industry. National Real Estate Investor Article
Costco to Build a New Store in Lawrence, NJ
Say hello to a new Costco in Lawrence, NJ. Construction could start in the Spring. From Brendan McGrath of the Times of Trenton: Costco has closed a $9.4 million deal to purchase 17 acres in Lawrence for a new store near Quaker Bridge Mall, the seller of the property said Thursday. The site plan for […]
ERB Represents Wakefern in Leasing at Oxford Oaks Shopping Center
Rob Samtmann represented Wakefern Food Corporation in Leasing the former Super Fresh at the Oxford Oaks Shopping Center in Yardley, PA. Equity Retail Press Release
Delhaize May Pull the Plug on Bottom Dollar
Food Trade News reported in its August issue that Bottom Dollar Food, a division of Delhaize America, “has reportedly felt enough competitive heat and is exploring the sale of its 66 stores located in Pennsylvania, Southern New Jersey and Northeast Ohio.” 46 of the 66 stores are in the Greater Philadelphia market. Reportedly several retailers […]
Cabela’s Aiming at Smaller Stores
Cabela’s is focused on smaller stores closer to quality retail. On the heels of a disappointing financial quarter, the CEO of outdoor retailer Cabela’s says the company plans to stick to opening smaller-format stores. Cabela’s missed the target Wall Street set for profit and revenue during the second quarter of fiscal 2015.Cabela’s reported net income […]