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Rob Samtmann | May 21, 2016 |
Retail News

Lowe's Plans to Add 45 Stores This Year

Here’s some news from a tenant who has been pretty quiet.  Lowe’s press release MOORESVILLE, N.C., May 18, 2016 /PRNewswire/ — Lowe’s Companies, Inc. (NYSE: LOW) today reported net earnings of $884 million for the quarter ended April 29, 2016, a 31.4 percent increase over the same period a year ago. Diluted earnings per share increased 40.0 percent to $0.98 from $0.70 in the first quarter of […]
Rob Samtmann | May 21, 2016 |
Retail News

TJX Has Aggressive Store Opening Plan

CNN Money Article T.J. Maxx, Marshalls and HomeGoods plan to open thousands of new stores TJX Companies, owner of T.J. Maxx, Marshalls, and HomeGoods among other brands, plans to grow its number of stores by more than 50%. It will have 5,600 stores when it is finished expanding, up from the current total of nearly […]
Rob Samtmann | May 17, 2016 |
Retail News

BB&T Closing 28 Local Branches

Philadelphia Business Journal Article
Rob Samtmann | May 13, 2016 |
Retail News

Staples & Office Depot Terminate Merger

ICSC Article Staples and Office Depot to Terminate Merger Agreement Staples, Inc. (Nasdaq: SPLS) today announced that on May 16, 2016, the company and Office Depot, Inc. plan to terminate their merger agreement following U.S. District Court for the District of Columbia’s recent ruling granting the Federal Trade Commission’s request for a preliminary injunction to […]
Rob Samtmann | May 12, 2016 |
Retail News

Make the Difficult Call

I recently posted a video about making the difficult call.  If you have a hard message to deliver or you need to give someone bad news, don’t delay the phone call.  When you make that call to the friend, colleague, client, consultant, vendor, or family member, the conversation in and of itself helps strengthen your […]
Rob Samtmann | May 12, 2016 |
Retail News

What's He Doing? Videos from Rob

I am going to give something new a try.  There’s a lot going on in my world and Equity Retail Brokers’ world that some people never see.  Unless your are an existing client of mine or the company, people just don’t get to hear how I feel about certain topics and they don’t get to know some […]
Rob Samtmann | May 06, 2016 |
Retail News

Wal-Mart to Open a Store in Bethlehem, PA

Wal-Mart Stores Inc. already has two fulfillment centers in Bethlehem to support its e-commerce business. Now it wants its first brick-and-mortar store in the city. The retailer on Tuesday announced it is planning to build a supercenter in Lehigh Valley Industrial Park VII, at Route 412 and Commerce Center Boulevard in south Bethlehem. The 158,000-square-foot […]
Rob Samtmann | May 01, 2016 |
Retail News

Sports Authority Closing All Stores

Philadelphia Business Journal Article Retail Dive Article Sports Authority closing all stores, drops reorganization bid Sports Authority, which filed for Chapter 11 bankruptcy protection last month, has abandoned its reorganization effort and will instead sell its assets to a number of interested buyers. According to a Tuesday Wall Street Journal story, an attorney for the Englewood, […]
Rob Samtmann | Apr 22, 2016 |
Retail News

Case Study - Springfield Shopping Center

       THE CHALLENGE Springfield Shopping Center was originally anchored by a free-standing department store. The balance of the property is still comprised of a free-standing bar/restaurant and a “reverse, L-shaped” sizable strip of stores.  The center itself and its leasing were patiently waiting for a new anchor and renovation. The owner, Kimco, successfully secured Giant […]
Rob Samtmann | Mar 31, 2016 |
Retail News

Kohl's Is Trimming Some Stores

Fortune Article Kohl’s (KSS) will close 18 stores in 2016 in anticipation of another year of meager sales gains. The number may not sound huge, but it’s the first time the retailer has had a store-closing campaign. Earlier this month, the chain reported comparable sales rose a modest 0.4% during the holiday season. Now the department store expects […]

Rob Samtmann

Rob is Managing Principal of Equity Retail Brokers and he specializes in tenant representation and leasing.

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