Would You Bet on These 6 Department Stores?
In this article, this author is positive when it comes to Dillards, J.C. Penney, Kohl’s, Macy’s, Sears Holdings Corporation, and TJX Companies. In my experience and research, TJX has consistently performed well. Kohl’s has been strong, but shown some recent sales concerns. J.C. Penney looks like it will do three or four new locations next […]
New Store Announcements; November 16-30
I am catching up on my blog posts. With the New York Shopping Center Convention and back to back tenant tours, time has been tight. Enjoy the holidays. The following are new stores announced in periodicals and on various web sites. Books A Million – Ames, IA Books A Million – Edwardsville, IL Books […]
Bally’s Sells 171 to LA Fitness
Bally’s has sold 171 of its existing locations to LA Fitness for about $153 million . Bally’s will retain approximately 100 of its locations in key markets. Chicago Tribune Article
Sears: Smaller Formats, Web Sales, & Their Brands
Chairman Eddie Lampert is now trying to turn around Sears with smaller format stores, online sales, and relying on their well known brands (Craftsman, DieHard, Kenmore). Keep in mind, since Lampert took over, he has seen 18 consecutive quarters of declining sales. Interestingly, Sears has reached agreements with Costco and and Ace Hardware to sell tools […]
Wegmans Coming to Montgomeryville, PA
As reported in the Philadelphia Inquirer, it appears Wegmans will indeed be coming to Montgomeryville, Pennsylvania. The Wegmans will be built on the site of the former Boscov’s department store. Montgomeryville is one of the top retail markets in southeastern and southern New Jersey. Given the density of the market, land to construct such […]
Walmart Broke the Losing Streak
Walmart posted a 1.3% increase in U.S. comparable store sales. The company had a streak of declining comparable sales lasting over two years. Thanks to David Goodman of Equity Retail Brokers for catching this article. Check out his Grocery Blog, Running with Equity Retail. Supermarket News Article
Kmart & Sears – Shopping Walls
This idea is definitely a new one. Kmart and Sears will be testing shopping walls. The walls will contain pictures of toys and quick response bar codes that can be scanned with smart phones. Customers can make purchases from their phones and the items will be delivered right to their homes. Walls will be installed temporarily in […]
New Store Announcements, November 1-15
Bed Bath & Beyond – Clarksville, TN, 23,000 SF Bed Bath & Beyond – Roseville, MN BJ’s – Pittfield, MA, 84,000 SF Books A Million – Charleston, SC Books A Million – Sandusky, OH Books A Million – South Portland, ME Books A Million – Waterford, CT Books A Million – York, PA Buy […]
A Round of Applause for Toys R Us
Toys R Us has done what many thought impossible; turn the company around and return it to a successful viable retailer. Jerry Storch (CEO) and company did it in the face of a terrible economy and increasing pressures from Walmart, Target and Amazon. The company is cutting costs, buying some of its competitors, and […]
October 2011 New Store Announcements
BJ’s Wholesale Club – Burlington, NC Books A Million – Auburn, ME Books A Million – Bangor, ME Books A Million – Butler, PA Books a Million – Charleston, SC Books A Million – Monaca, PA Books A Million – Portland, ME Books A Million – Rapid City, SD Books A Million – Waterford, CT […]