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Rob Samtmann | Feb 13, 2016 |
Retail News

JCPenney Closing 7 Stores

Consumerist Article History appears to be repeating itself at JCPenney this week. Just days after the retailer announced its same-store sales were up through the holiday season, the company tempered that good news by unveiling plans to close several stores… again.  You might remember the same good news-bad news pattern from just a year ago when the company said […]
Rob Samtmann | Feb 13, 2016 |
Retail News

Joyce Leslie Files for Chapter 11 Bankruptcy

NY Post Article
Rob Samtmann | Feb 01, 2016 |
Retail News

LIDL Overview of Site Selection

Supermarket News Overview of LIDL Site Selection As part of an effort to acquire sites for its U.S. store expansion, Lidl has launched a new website detailing its preferred site criteria, and guidelines for potential suppliers. The site confirms that the retailer is seeking to build stand-alone stores of 36,000 square feet in dense population markets […]
Rob Samtmann | Jan 26, 2016 |
Retail News

Walmart Closing 269 Stores

The closings include… 102 company small format stores 23 Neighborhood Markets 12 Supercenters 7 stores in Puerto Rico 6 discount centers 4 Sam’s Clubs Shopping Center Business Article Bentonville-based Wal-mart Stores Inc. is set to close 269 stores in the U.S. and globally. In October 2015, the company said an active review of the portfolio […]
Rob Samtmann | Jan 11, 2016 |
Retail News

Mall Anchors are Fading

The following article is a good accounting of the current state of affairs for mall anchors.  There is some information specific to the Philadelphia market, but there is enough national information to make it a worthwhile article. Traditional mall anchors are fading away The American middle class is disappearing, and with it, the mall anchor store. […]
Rob Samtmann | Jan 11, 2016 |
Retail News

Target Announces New Stores

Target announced its new stores in 2016 and 2017.  Most will be urban stores in New York City, Boston, Philadelphia, and Chicago ranging from 19,000 SF to 45,000 SF. The only full-size store will be opened in Allentown, Pennsylvania. Argus Leader Link
Rob Samtmann | Dec 18, 2015 |
Retail News

Bridgestone Matching Icahn Offer for Pep Boys

Bridgestone Corp. increased its offer for auto parts retailer Pep Boys, the companies announced late Friday afternoon, matching the price offered by activist investor Carl Icahn.
Rob Samtmann | Dec 03, 2015 |
Retail News

Cheltenham Mall Gets a New Life

‘Warmer’ look, new name for Cheltenham Mall Developers presented a more refined plan for remaking the Cheltenham Mall on Monday, an open-air mix of stores and restaurants with glass facades, some brick and metal trim. “We’re trying to work with a combination of materials to give it a warmer look,” architect Jerry K. Roller told […]
Rob Samtmann | Dec 03, 2015 |
Retail News

Bass Pro Enters Connecticut

Bass Pro Enters Connecticut – Chain Store Age Article
Rob Samtmann | Nov 22, 2015 |
Retail News

Home Depot & Lowes: Strong Performance

Forbes Article A housing recovery may be keeping home improvement retailers like The Home Depot insulated from the problems plaguing other retail stocks. The Home Depot reported third quarter net income as $1.7 billion, or $1.35 per share, up a whopping 17.4 percent, from a year ago. Total sales were up 6.4% to $21.8 billion year-over-year. These earnings were in line with […]

Rob Samtmann

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

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