Wegmans Plans 10 More Stores
See the following article on Wegmans expansion efforts. Expansion Article Wegmans Plans 10 New Supermarkets In 5 States Wegmans Food Markets says it plans to add 10 new stores in the Northeast and Mid-Atlantic regions over the next year or two. The Rochester-based supermarket chain says it’s planning to open four stores in Virginia, two […]
Some New Walmart Strategy
This brief article gives the reader insight on some of Walmart’s strategy on rolling out their stores, especially new concepts. CSPnet.com Article Walmart U.S. accelerates small store growth BENTONVILLE, Ark., Feb. 20, 2014 – Behind a real estate strategy focused on providing the broadest selection of products and convenient access through a digitally connected, multi-format portfolio, […]
Staples’ Excess Space List
See the following link for space Staples has listed with Excess Space. Excess Space Dealmakers Ad Everything must go: There’s a flood of store closings Part of the problem for stores is that there is just too much retail space in many markets. There are about 46 square feet of retail space for every man, […]
The Story Continues: Target CEO Resigns
Target announced Monday that Chairman, President and CEO Gregg Steinhafel is out nearly five months after the retailer disclosed the breach, which has hurt its reputation among customers and hammered its business. Experts say his departure marks the first CEO of a major corporation to resign in the wake of a data breach and underscores […]
Office Depot Expects to Close 150 Stores This Year
Likely closing about 150 stores this year, 400 by the end of 2016. USA Today Article
Family Dollar Closing 370 Stores
“Family Dollar, a juggernaut of expansion in recent years, has announced plans to close 370 of its 8,100 stores in the second half of 2014 and slow its new store growth beginning in 2015 to 350-400 new stores per year, down from 525 new stores in fiscal 2014.” ICSC.org Article
Lands End Separated From Sears Holdings
Sears Holdings has officially separated Lands End. Press Release Link Sears Holdings Corporation (NASDAQ: SHLD) today announced that its pro-rata spin-off of Lands’ End, Inc. (“Lands’ End”) from Sears Holdings closed on April 4, 2014. Lands’ End has now been separated from Sears Holdings and its common stock is expected to begin regular-way trading on the Nasdaq […]
Update: Proposed Hamilton Crossings (Allentown/Trexlertown)
See the following Morning Call article giving an update on the proposed Hamilton Crossings in the Allentown/Trexlertown area. Morning Call Article
Wegmans On Top
Consumer Reports just found Wegmans to be the number one grocery store. Democrat & Chronicle Article Wegmans Food Markets has been ranked as the No. 1 supermarket in the country by customers in the latest Consumer Reports survey. The Gates-based grocer edged out Trader Joe’s, Publix, Costco, Sprouts, Tops Markets and 49 other grocery stores. More than […]
Shoe Carnival Opens 2 Stores in Detroit
Business Tribune Article Family Footwear Retailer Shoe Carnival Announces 10 New Stores in 8 Cities The popular family footwear retailer is putting their best foot forward this month as they announce the grand opening of 10 new stores in 8 different cities all opening their doors this March 2014. Shoe Carnival is excited to add […]