Shore Mall Searches for a Future
Egg Harbor Township, NJ – 200,000 SF of the circa 1968 mall will be demolished and advertised as vacant commercial land. The Shore Mall has been left in the wake of a changing economy and ever evolving competition. Press of Atlantic City Article
2012 Top 100 Retailers
Great list from Stores’ web site. Check it out. Stores.org Article
Keep a Watchful Eye on JCPenney
President Michael Francis, formerly of Target, left JCPenney after only eight months in the wake of the failed effort to update pricing, product offerings, and store formats. Reuters Article JCPenney President Michael Francis Steps Down After Just 8 Months JCPenney president Michael Francis is leaving the company, effective today. CEO Ron Johnson will take up his responsibilities, which included […]
Walmart Express Stores – So Far So Good
The first Walmart Express stores are profitable within first year of operation. The 12,000-15,000 square foot stores carry everything a shopper might need at the spur of the moment. More stores to come… Business Week Article Reuters Article
Thomas H. Lee Buys Into Party City
Thomas H. Lee Partners, LP bought a majority stake in Party City. One week earlier, they also bought Fogo de Chao Churrascaria LLC, a steakhouse operator. Business Week Article
Are the Big Box Stores Dying?
This article from Time provides a good overview of what has happened to the big box stores, especially Best Buy, in recent past. It provides some insight into the direction of store sizes and what the landscape could look like in the future. It’s worth reading. Time Business Article
Bed Bath & Beyond Buys Cost Plus
As reported on 5/9/12 by the Wall Street Journal, Bed Bath & Beyond acquired Cost Plus. Wall Street Journal Article Cost Plus World Market Web Site
New Store Announcements (February, March, & April)
It’s been a while since I posted this list, but we have been tracking the store openings in the background. Business has been crazy busy lately, but Melissa from my office has helped keep it accurate and up to date. Many thanks to her. It’s strange how things work out. I have historically posted […]
Sears Holdings Sells 11 Stores to General Growth
Sears is selling 11 stores in Florida, Hawaii, Illinois, Iowa, Minnesota, Oklahoma, Texas, Utah and Washington are being sold to General Growth which will raise between $400 and $500 million. Bloomberg Business Week Article
42 Best Buys Closing
Here’s the list of stores from Best Buy’s web site…. Best Buy Web Site List