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Rob Samtmann | Aug 10, 2011 |
Retail News

Liberty Media Bidding for Barnes & Noble

As reported earlier this year, Liberty Media has made a $1 billion ($17 per share) offer to acquire approximately 70% of Barnes & Noble.  According to the Wall Street Journal, Liberty is through the due diligence phase of their financial data analysis and now working on arranging financing for the transaction. Liberty owns QVC and […]
Rob Samtmann | Aug 08, 2011 |
Retail News

New Store Announcements - Week of 8/1/11

  The following is a list of new stores that were mentioned in articles throughout the week or are occurring in the Philadelphia area:   Big Lots – Livermore, CA Big Lots – Abilene, TX Office Depot – Brownsville, TX, 18,000 SF Cabela’s – Tulalip, WA (200 jobs) Cabela’s – Charleston, WV Carmike Theaters – Pottstown, PA Costco – […]
Rob Samtmann | Aug 08, 2011 |
Retail News

Best Buy Express Growing

Best Buy Express, the self-serve, kiosk is adding approximately 100 locations in the next year.  The company has placed at least 150 in the last three years.  This concept is yet another example of how the traditional bricks and sticks retailers are shrinking their prototypes while trying to generate sales through other channels. Reuters Article
Rob Samtmann | Aug 06, 2011 |
Retail News

Ross Dress for Less: 12 Chicago Stores

As reported in the Chicago Tribune, Ross Dress for Less to open 12 stores simultaneously on October 8 in the Chicago area.   Ross is creating approximately 600 jobs. Chicago Tribune Article Ross Dress For Less To Enter Greater Chicago Area Ross Dress for Less®, the nation’s largest off-price apparel and home fashion retailer with […]
Rob Samtmann | Aug 01, 2011 |
Retail News

Menards to Start Construction in Missouri

As reported in the Southeast Missourian, Menards is the third largest home improvement store in the country.  The company has purchased the site, site work has begun, and building plans for the 162,340 square foot store have been submitted to the township.   The company has approximately 250 stores in the country and will soon […]
Rob Samtmann | Jul 31, 2011 |
Retail News

Hobby Lobby to Open 5 California Stores

Hobby Lobby with 489 stores in 40 states will be opening 5 stores in California.  It appears that at least 4 of the stores will be opening this year.   Hobby Lobby specializes in arts and crafts, picture framing, party supplies, cards, holiday supplies, and home accessories.  Leases for the company are best suited for […]
Rob Samtmann | Jul 31, 2011 |
Retail News

JCPenney & Nordstrom Rack Coming to Willow Grove Park Mall

JCPenney and Nordstrom Rack will be taking portions of the former Strawbridge’s at the Willow Grove Park Mall (Willow Grove, PA).  The vacant Strawbridge’s has sat empty since 2006.  JCPenney will total 114,000 square feet on two floors. Prior to the economy downturn, I personally noticed JCPenney on a number of proposed shopping center site […]
Rob Samtmann | Jul 31, 2011 |
Retail News

Dick's Goes to Staten Island

From silive.com, Dick’s opened it’s first Staten Island and New York City store on Friday.  The store is about 36,000 square feet and will shed the Hunting and Biking Departments because it is smaller than the normal prototype.  Dick’s hopes to add those departments in the future.   silive.com Article
Rob Samtmann | Jul 27, 2011 |
Retail News

Target Doing Grocery

As we all know in Pennsylvania, New Jersey and Delaware, Target is expanding its grocery format at many of its stores.   In St. Louis, Target is also making the move to convert stores.  Adding the expanded grocery (“PFresh”) is not to be confused with the SuperTarget format, which is substantially bigger.  However, I know […]
Rob Samtmann | Jul 27, 2011 |
Retail News

Kansas & Cabela's

Cabela’s is coming to Kansas in the Spring of 2012.  Site work has begun on their new 80,000 SF location in Wichita.   According to the Wichita Eagle (See article below), the new store is expected to attract between 800,000 and 1,000,000 million visitors each year. The company is utilizing smaller prototypes to get closer […]

Rob Samtmann

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

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