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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 | Feb 02, 2015 |
Retail News

Primark's First U.S. Stores

Five of the first seven stores are revealed in this article.  CoStar Article Primark: The retail sensation that’s cheaper than H&M “We want to be known first and foremost for amazing prices,” says John Bason, finance director of Primark’s parent company Associated British Foods (ASBFY). Prices in Primark stores may be similar to what you find in Walmart (WMT). […]
Rob Samtmann | Jan 17, 2015 |
Retail News

Target Done in Canada

Good article on Target’s experience in Canada. NY Times Article From stores to mannequins: Target’s post-Canada wish list It’s going to cost a big chunk of change, but less than two years after opening its first store in Canada, Target has decided to close the profit-sucking operation there. While the news will initially be a blow to the big-box […]

Rob Samtmann

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

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