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Breaking Retail Real Estate News
  • Why they're going gaga over Wawa in Washington, D.C.
    (mcall.com - 12/9/2017)
  • Perhaps best of all for Wawa fanatics: Gheysens said to expect as many as 10 Washington stores by 2020. A Georgetown store is in the works for next year, and another location is under contract in Chinatown, Wawa’s director of store operations told the Washingtonian magazine.   (full story)

  • Retailers' December imports to rise on last-minute restocking: NRF
    (reuters.com - 12/8/2017)
  • Imports by retailers are estimated to rise 1.5 percent in December, indicating that companies are expecting strong sales through the holiday season, according to industry group National Retail Federation.   (full story)

  • Exclusive: Could Rochester get an Ikea? Store scouting Henrietta sites
    (wgrz.com - 12/8/2017)
  • Based on a group of new stores opening around the U.S. in 2017 and beyond, the company appears to open locations on the outskirts of major cities, or between two major cities. New and planned stores in Grand Prairie, Texas, between Fort Worth and Dallas, and just outside Norfolk, Virginia, are examples of this potential strategy.   (full story)

  • Street Retail Looks to Malls in Figuring Out Ways to Cope With Big Rents
    (commercialobserver.com - 12/8/2017)
  • Young retail companies, e-commerce brands and even some legacy retailers looking for a brick-and-mortar presence are asking for terms long found in shopping centers—low base plus a percentage rent (meaning the retailer pays the landlord a certain percent of every dollar in sales over a certain threshold).   (full story)

  • Pedego hosts more than 200 retailers at annual dealer meeting
    (bicycleretailer.com - 12/8/2017)
  • In 2017, 24 new Pedego stores opened and DiCostanzo said the company's goal for this year was a sales growth of 30 percent. "But we didn't do that. We grew by 40 percent," he said. "So for 2018, our projection is to grow our sales by 50 percent and add 30 stores. We have 10 prospective dealers here, so we're already on our way."   (full story)

  • Six Takeaways from the ICSC New York Deal Making Conference, Day One
    (nreionline.com - 12/8/2017)
  • “I think last year a lot of people were a little unsure of the future, but I think the year has shown that retail is here to stay,” said Jeremy Schwartz, a senior associate of retail services at Avison Young, a commercial real estate services firm.   (full story)

  • Lidl hits the brakes on N.J. grocery store as other store plans scrapped
    (nj.com - 12/8/2017)
  • Plans by German discount grocer Lidl to begin construction on its second New Jersey store have stalled as the company hits the brakes on several proposed locations in other states.   (full story)

  • Judge orders Whole Foods to reopen shuttered Bellevue Square 365 store
    (seattletimes.com - 12/8/2017)
  • A King County judge has issued a preliminary injunction ordering Whole Foods Market to reopen its 365-branded store in Bellevue Square. The Amazon-owned organic grocer closed the store in October, early in the 20-year lease that Whole Foods signed.   (full story)

  • Struggling with Vacancy? You May Get a Break on Property Taxes
    (nreionline.com - 12/8/2017)
  • In many states, abnormally high vacancy at commercial properties should mean a lower tax bill. Market transaction evidence essentially dictates this result: States that assess taxable value on commercial properties based on market value, as though leased at market rents, should allow a deduction from that value when the property incurs above-market vacancy and collection losses.   (full story)

  • Brightway to open 3 new locations
    (insurancebusinessmag.com - 12/7/2017)
  • Brightway Insurance has announced the opening of three new agencies, one of which will be Brightway’s first branch in Tennessee...   (full story)

  • Dollar General adding 900 new stores in 2018
    (retaildive.com - 12/7/2017)
  • The company also announced plans to build 900 stores, relocate 100 stores and to remodel another 1,000 in its fleet...   (full story)

  • Nike, Adidas & Vans Owed Big Bucks by Bankrupt Shiekh Shoes
    (footwearnews.com - 12/6/2017)
  • Shiekh Shoes LLC has joined a growing list of retailers that have flocked to bankruptcy court in recent months to seek Chapter 11 protection.   (full story)

  • Why Home Depot Is Spending an Extra $5.4 Billion on Stores and E-Commerce in Next Three Years
    (fortune.com - 12/6/2017)
  • At its investor day on Wednesday, Home Depot said it would roughly double the investment spending in the next three fiscal years to some $11.1 billion. The goal is to adapt to how consumers shop, improve in-store service but also lower costs for when the market turns eventually.   (full story)

  • UnitedHealth to buy DaVita clinics for $4.9 billion
    (cnbc.com - 12/6/2017)
  • UnitedHealth strikes a $4.9 billion deal to acquire the DaVita Medical Group unit from kidney dialysis firm DaVita in an all-cash transaction. DaVita Medical Group operates nearly 300 clinics and half a dozen outpatient surgical centers in six states – Florida, California, Colorado, Washington, Nevada and New Mexico.   (full story)

  • Wal-Mart Stores to change name to Walmart, as it shifts its focus to e-commerce
    (cnbc.com - 12/6/2017)
  • Walmart's formal legal name when it incorporated in 1969 was Wal-Mart, Inc. It changed its name to Wal-Mart Stores, Inc. in 1970 and kept that name in place until now. The legal change to Walmart Inc. will be effective in February.   (full story)

  • Walk-On’s Expanding with 11 New Locations
    (foodnewsfeed.com - 12/5/2017)
  • For over 10 years, Walk-On’s Bistreaux & Bar has exceeded guest’s expectations with its quality food and game-day atmosphere, resulting in exponential growth with no plans of slowing down ...   (full story)

  • Roots doubles down on physical stores with plans for up to 10 new locations in Canada, 14 in the U.S
    (calgaryherald.com - 12/5/2017)
  • By the end of fiscal 2019 the company wants to open 10 to 14 new Roots stores in the U.S., and had signed four leases thus far for 2018, including Boston and Washington, D.C.   (full story)

  • Dunkin’ Donuts Announces Plans for 9 New Sacramento Stores
    (fox40.com - 12/5/2017)
  • Dunkin’ Donuts says two franchisees are planning a combined nine new locations in the Sacramento area...   (full story)

  • U.K. Chain Cineworld to Buy Regal in $3.6 Billion Theater Deal
    (bloomberg.com - 12/5/2017)
  • The U.K.’s Cineworld Group Plc agreed to buy U.S. theater operator Regal Entertainment Group for about $3.6 billion to expand into the biggest movie market. The deal will bring the number of Cineworld screens to 9,542 in the U.S. and Europe, making it the No. 2 theater chain in the world by that metric, the company said in a statement.   (full story)

  • Houston-based retail chain to close underperforming stores, cut some local jobs amid bankruptcy repo
    (bizjournals.com - 12/4/2017)
  • The company announced its new “Back-to-Basics strategy” on Dec. 1 to “stabilize its business,” according to a press release. The strategy includes closing an undisclosed number of underperforming stores in the U.S., closing the company’s Los Angeles office and cutting jobs in its Houston corporate support center and distribution center. According to Reuters' sources, Charming Charlie is closing about 100 stores, including its flagship location in New York.   (full story)

  • Quiksilver making bid for Billabong
    (bizjournals.com - 12/4/2017)
  • Billabong told the Australian Stock Exchange that the offer from Boardriders was to acquire all of the company's shares for 76 cents each, valuing it at $150 million, reported BBC News. The offer is subject to a number of conditions, including approval by Billabong's board and due diligence.   (full story)

  • Former Marsh stores open under new name, ownership
    (daytondailynews.com - 12/4/2017)
  • Generative Growth purchased 15 Marsh stores in June for $8 million, and 14 stores will now reopen under the namesake Needler’s Fresh Market. All Generative Growth locations are managed by Fresh Encounter Inc., a Findlay-based supermarket management company founded by Michael and Susan Needler.   (full story)

  • New store openings accelerate for Five Below
    (retailleader.com - 12/4/2017)
  • During a year in which the retail industry saw record store closings, value retailer Five Below bucked the trend with more than 100 store openings with even more on tap for next year.   (full story)

  • Panda Express Celebrates Milestone Opening Of 2,000th Restaurant Worldwide
    (abcfoxmontana.com - 12/4/2017)
  • America's favorite Chinese kitchen, today announces the launch day of its 2,000th location in New York City on Dec. 7...   (full story)

  • Cottage Inn Pizza plans to add 5 new locations across West Michigan
    (mlive.com - 12/4/2017)
  • The Ann Arbor-based restaurant chain plans to add up to five new locations in the Greater Grand Rapids area...   (full story)

  • INDOCHINO Announces Three-Week Custom Apparel Delivery Promise
    (marketwired.com - 12/4/2017)
  • INDOCHINO, the world's largest made to measure apparel company, is setting a new standard in custom clothing by introducing a three-week delivery promise for all orders placed, starting December 1st, 2017. In addition, the company is announcing plans to open as many as 18 showrooms in 2018.   (full story)

  • Art Van eyes Top 10 spot with Wolf, Levin buys
    (furnituretoday.com - 12/4/2017)
  • Art Van Furniture’s acquisition of Top 100 companies Levin Furniture and Wolf Furniture sets the retailer up on yet another growth path while pushing the furniture giant to projected sales of $1.3 billion in 2018.   (full story)

  • CVS to Buy Aetna for $69 Billion in a Deal That May Reshape the Health Industry
    (nytimes.com - 12/3/2017)
  • A combined CVS-Aetna could position itself as a formidable figure in this changing landscape. Together, the companies touch most of the basic health services that people regularly use, providing an opportunity to benefit consumers. CVS operates a chain of pharmacies and retail clinics that could be used by Aetna to provide care directly to patients.   (full story)

  • Buffalo Wings and Rings eyeing 2018 Pensacola expansion
    (pnj.com - 12/3/2017)
  • Buffalo Wings & Rings is expected to add seven to eight more stores in 2018.   (full story)

  • Judge says Starbucks cannot close 77 Teavana stores in malls
    (latimes.com - 12/2/2017)
  • According to the New York Post, this is a very unusual decision. No court has ever specifically enforced a non-anchor client to continue operating like this before, the court ruling said. Real estate lawyers and retail experts said they were shocked.   (full story)

  • ATV Surpasses 100 American Tire Depot Stores
    (moderntiredealer.com - 12/1/2017)
  • ATV Inc. recently opened five stores to bring its network of American Tire Depot outlets to 102, all in California. ATV surpassed the 100-store mark in just 26 years.   (full story)

  • Stewart's Shops Enters Final Stretch of Busy Construction Season
    (csnews.com - 12/1/2017)
  • Stewart's Shops is ready to wrap up 2017 with the grand openings, bringing an end to the retailer's $50-million construction season. The investments included two new-to-industry convenience stores, 12 replacement stores, and 30 major remodels.   (full story)

  • Yesway Adds Five-Store Chain as Part of Latest Growth Move
    (csnews.com - 12/1/2017)
  • Yesway is expanding by six locations through the acquisition of Kansas-based KAPS LLC, a five-store convenience chain, and the New Deal Travel Center of Texas.   (full story)

  • Enmarket Expands With Acquisition of Clyde's Market Stores
    (csnews.com - 12/1/2017)
  • Enmarket Stations Inc. has taken over operations of 35 Clyde's Market convenience stores in Southeast Georgia. With the close of the acquisition, which CSNews Online first reported on in September, Enmarket footprint comprises 90 locations spanning across Georgia, North Carolina and South Carolina.   (full story)

  • Pincho Factory opening 9th unit
    (fastcasual.com - 12/1/2017)
  • Miami-based Pincho Factory is heading North with the launch of its second location in Broward County in Fort Lauderdale   (full story)

  • Zoup stirring up growth in Ohio, Pennsylvania
    (fastcasual.com - 12/1/2017)
  • Zoup is in expansion mode, opening new locations in Ohio and Pennsylvania.   (full story)

  • Slapfish opening 3rd Utah unit
    (fastcasual.com - 12/1/2017)
  • ... with upcoming openings in South Korea and the U.K. It also plans to open up to eight locations throughout Utah, and at least 60 across the Intermountain West region and Texas over the next decade ...   (full story)

  • Aldi Reopens in Springfield
    (connectionnewspapers.com - 11/30/2017)
  • Aldi is renovating their stores across the entire country, not to attract new customers as much as “to make sure our core base is happy” stressed Michael Fanning, project district manager of remodels at Aldi. “Every store will be updated to look similar to this one in Springfield,” said Jake Dipiazza, the director of real estate at Aldi.   (full story)

  • In-N-Out Burger expanding to Colorado where it will add as many as 50 restaurants
    (ocregister.com - 11/30/2017)
  • Colorado is the next frontier for In-N-Out Burger. The Irvine-based burger institution, founded in 1948 in Baldwin Park, confirmed plans to build a beef-patty production facility and distribution center in Colorado Springs, which will serve up to 50 restaurants within 350 miles of the facility.   (full story)

  • CrossAmerica & Circle K Close Jet-Pep Acquisition
    (csnews.com - 11/30/2017)
  • CrossAmerica Partners LP has completed its acquisition of certain assets of Holly Pond, Ala.-based Jet Pep for $72 million, plus working capital and closing costs. The assets consist of 101 commission operated retail sites, including 92 fee sites.   (full story)

  • Schafer Family Retains 6 Gordy’s Locations
    (progressivegrocer.com - 11/30/2017)
  • The Schafer family, owners of Gordy’s Markets in Wisconsin, has entered a purchase agreement to retain six Gordy’s locations set to be auctioned off. The sale is expected to be approved by a judge on Dec. 11.   (full story)

  • Casey's Celebrates 2000th Store
    (businesswire.com - 11/29/2017)
  • Casey's General Stores, Inc. is proud to announce the opening of its 2,000th store in Russellville, Kentucky on November 30th, 2017...   (full story)

  • PetSmart Hits Major Milestone by Opening 1,600th Store in North America, Now Also in all 50 U.S. St
    (businesswire.com - 11/29/2017)
  • PetSmart announced today it has reached a major milestone by opening its 1,600th store...marking PetSmart’s presence now in all 50 U.S. states...   (full story)

  • Tilly’s, Inc. Announces Fiscal 2017 Third Quarter Results
    (businesswire.com - 11/29/2017)
  • Tilly’s, Inc. today announced financial results for the third quarter...open approximately 10 to 15 new stores during fiscal 2018...   (full story)

  • Vallarta Supermarkets Opens Its Latest Store In Pasadena, California
    (prnewswire.com - 11/29/2017)
  • "The opening of our 50th store located in Pasadena, provides us with an opportunity to expand into a new arena and expand the Vallarta brand," said Rick Castillo, Marketing Director of Vallarta Supermarkets.   (full story)

  • Price Rite unveils rebranding, names Dorey president
    (supermarketnews.com - 11/29/2017)
  • Wakefern, which also operates and licenses the traditional ShopRite supermarket banner, said it plans to roll out the look to all 65 of its Price Rite locations during the next year.   (full story)

  • Newk's Eatery To Open 4 Georgia Restaurants In December
    (prnewswire.com - 11/29/2017)
  • Over the last three years, Newk's has opened more than 45 new company-owned and franchised locations, growing the brand by over 60 percent.   (full story)

  • Physical Stores Will Remain Crucial To Retail Revenue And Branding Through 2020
    (retailtouchpoints.com - 11/28/2017)
  • Even though retail survey respondents expect their e-Commerce revenue share to increase by 50% over the next three years, from 16% to 24%, they still anticipate that physical stores will be responsible for 76% of revenue at that time.   (full story)

  • Carpionato to buy nearly all Benny’s store locations
    (wpri.com - 11/28/2017)
  • Real-estate development company Carpionato Group has reached an agreement to buy 29 Benny’s store locations, Eyewitness News has confirmed. The deal involves 14 Benny’s locations in Rhode Island, 11 in Massachusetts and four in Connecticut.   (full story)

  • Shareholders Look to Stop Ruby Tuesday Deal
    (foodnewsfeed.com - 11/28/2017)
  • Claiming that the deal “significantly undervalues” Ruby Tuesday, a proposed class of Ruby Tuesday Inc. shareholders filed suit against the company and its impending sale in Tennessee federal court ...   (full story)






     

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