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Rob Samtmann | Jun 21, 2015 |
Retail News

Target Express Proposed for 19th & Walnut in Philadelphia

Target Corp. will open in miniature at the Boyd Theater development site, tapping Center City’s growing base of workers and residents amid the retailer’s nationwide introduction of smaller shops tailored to urban storefronts. Philly.com Article
Rob Samtmann | Jun 16, 2015 |
Retail News

Shoe Carnival Has New Small-Market Store Format

The store would be about 5,000 SF. Courier & Press Article
Rob Samtmann | Jun 16, 2015 |
Retail News

Saladworks Acquired

Private equity bought the company out of bankruptcy. Restaurant News Article Saladworks has been acquired out of bankruptcy by Centre Lane Partners, a New York City-based private-equity firm, the company said Monday. Centre Lane agreed to pay $16.9 million for the 108-unit chain, including $15 million in cash and $1.2 million into a “brand development […]
Rob Samtmann | Jun 16, 2015 |
Retail News

Target Selling Pharmacy Business to CVS

Target selling pharmacy business to CVS for $1.9 billion  http:// CircaNews Link CVS Health and Target Sign Agreement for CVS Health to Acquire, Rebrand and Operate Target’s Pharmacies and Clinics CVS Health Corporation (NYSE:CVS) and Target Corporation (NYSE:TGT) announced today that they have entered into a definitive agreement for CVS Health to acquire Target’s pharmacy […]
Rob Samtmann | Jun 15, 2015 |
Retail News

1,000 New Wendys by 2020

Wendys Co. plans to open 1,000 new units by the end of 2020, the company said Wednesday, as growing sales and higher profits encourage operators to expand. The vast majority of those new restaurants will be built by franchisees, as the system continues to shift to a more franchise-heavy model following the sale of 540 […]
Rob Samtmann | Jun 15, 2015 |
Retail News

Whole Foods New Smaller Concept

Check out this description of Whole Foods new smaller concept.  philly.com Article Whole Foods Unveils Small-Concept Store Name, Negotiates NYC Leases for New 365 Brand Whole Foods Market has revealed the name of its new value-focused brand, 365 by Whole Foods Market, and in New York City, executives are in serious real estate negotiations for 365-branded stores […]
Rob Samtmann | Apr 03, 2015 |
Retail News

Toys R Us Might be Changing Up the Store Strategy

Struggling toy retailer Toys“R”Us Inc. appears to be shaking up its bricks-and-mortar strategy, adding play spaces to its stores and reportedly shuttering its iconic Times Square location. The Wayne, N.J.-based company has not confirmed the closure of the 110,000-sq.-ft. flagship store, but it has confirmed the lease expires in 2016 and that it’s evaluating options. Meanwhile, […]
Rob Samtmann | Apr 03, 2015 |
Retail News

Aldi to Reopen 30 Bottom Dollar Stores

Aldi to Reopen 30 Bottom Dollar Stores
Rob Samtmann | Apr 03, 2015 |
Retail News

Sears, a REIT, and General Growth

ICSC.org Article Sears setting up REIT to raise $2.5 billion from shareholders Sears Holdings Corp. plans to raise more than $2.5 billion from shareholders by offering rights to buy shares in a real-estate investment trust that will hold some of its stores. The REIT is the latest in a series of steps Chief Executive Eddie […]
Rob Samtmann | Mar 16, 2015 |
Retail News

Buyout Closes for PetSmart

PetSmart officially changed hands today and acquired new leadership. A consortium led by BC Partners completed the acquisition of the pet supplies and services company this morning. The deal, announced in December, had been approved by shareholders Friday. Michael J. Massey was named president and chief executive officer. He replaces David Lenhardt, who joined the […]

Rob Samtmann

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

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