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Breaking Retail Real Estate News
  • Sports Authority is preparing for bankruptcy
    (retaildive.com - 2/5/2016)
  • Sports Authority was once the dominant national sporting goods retailer in the U.S. but is now being overshadowed by Dick’s Sporting Goods and challenged by more specialized retailers like Lululemon Athletica and even ...   (full story)

  • Murphy USA Entering Three New States in 2016
    (csnews.com - 2/5/2016)
  • Murphy USA Inc. is “extremely confident” in its independent growth plan and “very well prepared to take this plan” forward, President and CEO Andrew Clyde stated Thursday during the company’s 2015 fourth-quarter earnings call ... This plan, according to Clyde, includes opening 60 to 80 new stores this year, including entering three new states ...   (full story)

  • Winn-Dixie formally opens new pilot store in Baymeadows
    (jaxdailyrecord.com - 2/4/2016)
  • Southeastern Grocers launched its pilot Winn-Dixie supermarket Thursday morning, reopening the to-the-walls renovated Baymeadows location that President and CEO Ian McLeod said will be a springboard for more remodeling. “If it works well, we’ll roll it to other stores in the Southeast,” he said.   (full story)

  • Retailers Pare Store Counts as Landlords Brace for Bumpy Transition
    (nreionline.com - 2/4/2016)
  • The holiday shopping period of 2015 ended with same-store sales that ticked up 3.3 percent, according to the SpendTrend report from First Data, a firm that provides technology solutions for commerce transactions, and while an increase is still a win, the season could have been a lot more jolly for retailers. It came as no surprise, then, when about 30 retail chains, including ...   (full story)

  • Why brick-and-mortar stores make sense for Amazon
    (retaildive.com - 2/4/2016)
  • On Tuesday, the Wall Street Journal sent a ripple through the retail sphere with a report that Amazon is looking to open up to 400 physical bookstores—but then things got strange ... Setting aside the speculation, here at Retail Dive we see this news as representative of a larger trend in the retail industry.   (full story)

  • The Greene Turtle Signs Agreement to Expand Through Pennsylvania
    (fsrmagazine.com - 2/3/2016)
  • The Greene Turtle announced that it has completed a multi-unit development agreement to bring six of the family-friendly sports bar and grille locations to Central Pennsylvania. Typhoon Central PA, a new franchise group consisting of partners Leho Poldmae and Dave Trimbur, will develop the restaurants in State College, Pennsylvania, home to Penn State University’s main campus, and throughout ...   (full story)

  • Cicis Sets Sales Record with 11th Quarter of Growth
    (qsrmagazine.com - 2/3/2016)
  • Fresh on the heels of a major rebranding launch, Cicis announced its 11th consecutive quarter of system-wide same-store sales growth and its highest annual average unit volume in at least two decades—breaking the ... Cicis has 446 stores open and operating in 33 states, and has begun building new stores again.   (full story)

  • Plano-based At Home is recycling old spaces into new stores
    (dallasnews.com - 2/3/2016)
  • A former Wal-Mart on LBJ Freeway in Farmers Branch and a Kohl’s that’s closing in Plano will become the newest locations of Plano-based home decor retailer At Home. Although At Home put a hold on its IPO plans announced last fall, it’s moving ahead with growth, including ...   (full story)

  • Lowe's to buy Rona in friendly deal worth $3.2 billion
    (torontosun.com - 2/3/2016)
  • U.S. home improvement retailer Lowe's Cos Inc agreed to buy Canada's Rona Inc in a deal valued at C$3.2 billion ($2.28 billion), winning over Rona's board with a far higher offer than its previous unsolicited bid more than three years ago that was opposed by the company and politicians in Quebec. The deal will put Lowe's in a better position to compete with traditional ...   (full story)

  • Hancock Fabrics files for bankruptcy, considers sale of company
    (reuters.com - 2/2/2016)
  • Hancock Fabrics Inc filed for its second bankruptcy on Tuesday and said it might put the entire company of 250 retail sewing and crafting stores up for sale. The company said the Chapter 11 filing in Wilmington, Delaware would allow Hancock to ...   (full story)






     

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