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Rob Samtmann | Aug 12, 2015 |
Retail News

Lowe's is Trying Some Smaller Format Stores

Lowe’s Cos. Inc. is beginning an experiment in going miniature soon when it opens the first of two stores in Manhattan. The first store, which opens Aug. 17, is on the Upper West Side at 2008 Broadway at West 68th Street. A second will open in September Chelsea at 635 Sixth Ave. at West 19th […]
Rob Samtmann | Aug 05, 2015 |
Retail News

Ross Opening 27 Stores

Chain Store Age Article Ross Stores has some big plans when it comes to opening new stores. Ross is opening 19 Ross Dress for Less and eight dd’s Discounts stores across 15 different states in July. These new locations are part of the off-price retailer’s 2015 expansion plans to add a total of approximately 90 […]
Rob Samtmann | Jul 27, 2015 |
Retail News

Amazon Opening a Drive-Up Grocery Store?

Yes, you read correctly.  Amazon could be rolling out its drive-up grocery concept in Sunnyvale, California.  Silicon Valley Business Journal: Amazon planning drive-up grocery stores with the first likely coming to Sunnyvale
Rob Samtmann | Jul 21, 2015 |
Retail News

Dick's Opening Women's Apparel Chain

ICSC Article http://icsc.org/sct/newswire/dicks-sporting-good-launches-womens-specialty-chain Dick’s Sporting Goods Targets Women With New Store Concept Dick’s Sporting Goods announced this Monday that it’s launching a specialty women’s fitness and lifestyle boutique. The omnichannel sporting goods retailer is naming the stores Chelsea Collective after the diverse and eclectic Chelsea neighborhood in New York City. The first two Chelsea Collective stores […]
Rob Samtmann | Jun 21, 2015 |
Retail News

Gap Closing 175 North American Stores

Philly.com Article Gap to close 175 North American stores Gap (GPS) said Monday it will also close a “limited number” of Gap stores in Europe over the next few years. Store closures will only affect Gap stores, and not its other brands — Banana Republic, Old Navy, Intermix and Athleta — or its outlet and factory stores, […]
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

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

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