Burlington Coat’s New Line of Credit
Burlington Coat now has an amended credit agreement that will now come due in September of 2016. Burlington Coat Factory Investments Holdings, Inc. and its operating subsidiaries (the “Company”), a nationwide retailer based in Burlington, New Jersey, today announced that on September 2, 2011, Burlington Coat Factory Warehouse Corporation (“BCFWC”) entered into a Second Amended […]
Will Sears Kmart Last Another Year?
The following is one person’s blunt analysis of whether the once retailing giants will last much longer. Your thoughts? Esquire Article It was a great story, but it was not a retail story. It was a real estate story, perfect for 2005. And then the real estate market crashed. All of a sudden, the whole […]
New Store Announcements – Week of 8/29/11 & 9/5/11
The last two weeks have proven to be slow when it comes to news…. here are some new store announcements: Weeks of 8/29/11 and 9/5/11 Books-A-Million – Sumter, SC (Former Walden Books) Books-A-Million – Birmingham, VA (Former Joseph-Beth Booksellers) Dick’s – Peach Tree, GA hhgregg – Naperville, IL, Avg. 30,000 SF HomeGoods – […]
Costco’s CEO to Retire
Costco’s co-founder, Jim Sinegal, who is known for his colorful personality and love for the $1.50 hot dog and soda, is retiring at the age of 76. He is revered for not making decisions to appease Wall Street at the expense of his customers and employees. This philosophy is an example of his well known […]
New Store Announcements – Week of 8/22/11
Week of 8/22/11 Burlington Coat – Philadelphia, PA Burlington Coat – Royal Palm Beach, FL, 70,000 SF buybuy Baby – Inland, CA Christmas Tree Shops – Wallkill, NY Costco – Warminster, PA Giant Foods – Philadelphia, PA hhgregg (14 stores) – Chicago Region, IL Hobby Lobby – Salisbury, MD, 56,800 SF Home Goods – Tinley […]
Books-A-Million Buys 14 Borders Leases
Borders buys 14 Borders leases for $934,209. Some of the locations include, ME, OH, NH, and NJ. Bloomberg Article Books-A-Million has agreed to acquire 14 Borders leases for a total of $934,259, provided that a deal can be concluded by August 30. In a motion filed with the bankruptcy court, BAM said that “time is […]
Target Takes Aim at Walmart, With Some Success (NPR)
This brief NPR article is an interesting account of how Target is seemingly gaining over Walmart. Adding groceries seems to be paying off for Target while Walmart is showing signs of being very susceptible to the ‘paycheck cycle’. Target has also lowered prices and successfully instituted a customer loyalty credit/debit card. NPR Article
21 Stores for Toys R Us in 2011
Toys R Us is scheduled to open 21 new stores this year and remodel 23. L.A. Times Article Crainsnewyork.com reported that The Wayne, N.J.-based company will have 43 superstores nationwide by the end of 2011. Crain’s Article
New Stores During the Week of 8/15/11
Week of 8/15/11 The following is an unscientific list of new stores that I noticed while researching for the blog. Congrats Burlington Coat! Babies R Us/Toys R Us – Indio, CA, Relocation (25 jobs) Burlington Coat Factory – Columbus, GA, 70,000 SF Burlington Coat Factory – Benton Township, MI, 60,000 SF Burlington Coat Factory – Pearland, […]
Double Decker Walmart-Sam’s Club
Walmart is trying something new in Dallas….Walmart on the top floor, Sam’s Club underneath, and a three level parking garage. Less land, more synergy, one stop shopping. KDAF-TV Article