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Rob Samtmann | Nov 28, 2011 |
Retail News

Sears: Smaller Formats, Web Sales, & Their Brands

Chairman Eddie Lampert is now trying to turn around Sears with smaller format stores, online sales, and relying on their well known brands (Craftsman, DieHard, Kenmore).  Keep in mind, since Lampert took over, he has seen 18 consecutive quarters of declining sales.  Interestingly, Sears has reached agreements with Costco and and Ace Hardware to sell tools […]
Rob Samtmann | Nov 18, 2011 |
Retail News

Wegmans Coming to Montgomeryville, PA

As reported in the Philadelphia Inquirer, it appears Wegmans will indeed be coming to Montgomeryville, Pennsylvania.  The Wegmans will be built on the site of the former Boscov’s department store.   Montgomeryville is one of the top retail markets in southeastern and southern New Jersey.  Given the density of the market, land to construct such […]
Rob Samtmann | Nov 16, 2011 |
Retail News

Walmart Broke the Losing Streak

Walmart posted a 1.3% increase in U.S. comparable store sales.  The company had a streak of declining comparable sales lasting over two years.   Thanks to David Goodman of Equity Retail Brokers for catching this article.  Check out his Grocery Blog, Running with Equity Retail. Supermarket News Article
Rob Samtmann | Nov 16, 2011 |
Retail News

Kmart & Sears - Shopping Walls

This idea is definitely a new one.  Kmart and Sears will be testing shopping walls.  The walls will contain pictures of toys and quick response bar codes that can be scanned with smart phones.  Customers can make purchases from their phones and the items will be delivered right to their homes.  Walls will be installed temporarily in […]
Rob Samtmann | Nov 16, 2011 |
Retail News

New Store Announcements, November 1-15

  Bed Bath & Beyond – Clarksville, TN, 23,000 SF Bed Bath & Beyond – Roseville, MN BJ’s – Pittfield, MA, 84,000 SF Books A Million – Charleston, SC Books A Million – Sandusky, OH Books A Million – South Portland, ME Books A Million – Waterford, CT Books A Million – York, PA Buy […]
Rob Samtmann | Nov 07, 2011 |
Retail News

A Round of Applause for Toys R Us

Toys R Us has done what many thought impossible; turn the company around and return it to a successful viable retailer.  Jerry Storch (CEO) and company did it in the face of a terrible economy and increasing pressures from Walmart, Target and Amazon.   The company is cutting costs, buying some of its competitors, and […]
Rob Samtmann | Oct 28, 2011 |
Retail News

October 2011 New Store Announcements

BJ’s Wholesale Club – Burlington, NC Books A Million – Auburn, ME Books A Million – Bangor, ME Books A Million – Butler, PA Books a Million – Charleston, SC Books A Million – Monaca, PA Books A Million – Portland, ME Books A Million – Rapid City, SD Books A Million – Waterford, CT […]
Rob Samtmann | Oct 18, 2011 |
Retail News

Gap to Close More Than 100 Stores

Gap is planning to close more than 100 stores by the end of 2013.   Business First Article Clothing retailer The Gap Inc. plans to close more than 100 more of its namesake stores in the United States by the end of 2013. The move is part of a plan to reduce the company’s total […]
Rob Samtmann | Oct 17, 2011 |
Retail News

Lowe's Closing 20 Underperforming Stores, Future Growth Limited

Lowe’s will be closing 20 underperforming stores in 15 states.  Future growth will include approximately 10 to 15 new stores per year rather the anticipated 30 stores.  See the Lowe’s press release for a list of towns where the stores will close. Market Watch Article Lowe’s Press Release
Rob Samtmann | Oct 17, 2011 |
Retail News

Ross Best Relative Performance

Ross is on top as far as relative performance is concerned.   Financial News Network Online Article

Rob Samtmann

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

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