Retail News

South Box Openings & Closings: May & June 2021 /  by Guest User

South includes: AL, GA, NC, SC, TN, VA

May

Openings: 82 stores

Ace Hardware Corporation: 1
American Freight: 1
Ashley Furniture: 1
Badcock Furniture: 3
CVS: 1
Dick’s Sporting Goods: 1
Dollar General: 27
Dollar Tree: 5
Esporta Fitness: 7
Family Dollar Stores: 5
Floor and Decor: 1
Food Lion/Delhaze: 6
Habitat for Humanity: 2
Harbor Freight Tools USA: 3
Kirkland’s, Inc.: 1
Lidl: 1
Marshall’s: 2
Pet Supplies Plus Inc.: 2
Planet Fitness: 2
Publix: 3
Sears: 1
Total Wine & More: 1
ULTA: 3
Walgreens: 1
Wegmans Food Markets: 1

May

Closings: 52 stores

Ace Hardware Corporation: 1
Badcock Furniture: 3
Bargain Hunt: 1
buybuy Baby: 1
CVS: 1
Dollar General: 9
Dollar Tree: 1
Family Dollar Stores: 4
JC Penney: 2
K & W Cafeteria: 1
Kirkland’s, Inc.: 1
LA Fitness: 7
Marshall’s: 1
Office Depot: 8
Office Max: 1
Petco: 1
Piggly Wiggly: 1
Regal Cinemas: 1
Save-A-Lot: 2
Sears Appliance: 1
Total Wine & More: 1
True Value Company: 1
Walgreens: 2

June

Openings: 65 stores

Ace Hardware Corporation: 1
Aldi: 4
American Freight: 1
Ashley Furniture: 2
CVS: 1
Dick’s Sporting Goods: 1
Dollar General: 20
Dollar Tree: 3
DSW Shoe Warehouse: 1
Family Dollar Stores: 2
Five Below: 2
Food Lion/Delhaze: 1
Gold’s Gym: 1
Habitat for Humanity: 1
Harbor Freight Tools USA: 6
Harris Teeter: 1
Lidl: 6
Old Navy: 1
Ollie’s Bargain Outlet: 1
Pet Supplies Plus Inc.: 1
Planet Fitness: 3
Publix: 2
True Value Company: 1
ULTA: 2

June

Closings: 17 stores

Aldi: 1
Ashley Furniture: 1
Badcock Furniture: 1
Bed Bath & Beyond: 1
Dollar General: 3
Dollar Tree: 1
Five Below: 1
Gold’s Gym: 1
Habitat for Humanity: 1
JC Penney: 2
Save-A-Lot: 2
True Value Company: 1
Walgreens: 1

Texas Box Openings & Closings: May & June 2021 /  by Guest User

May

Openings: 30 stores

Ashley Furniture: 1
Bealls Outlet: 1
CVS: 1
Dollar General: 10
Dollar Tree: 5
DSW Shoe Warehouse: 1
Family Dollar Stores: 2
Five Below: 1
Harbor Freight Tools USA: 2
LA Fitness: 2
La-Z-Boy Incorporated: 1
Planet Fitness: 1
Sears Appliance: 1
Walgreens: 1

May

Closings: 8 stores

Dollar General: 2
Family Dollar Stores: 2
JC Penney: 1
Kirkland's, Inc.: 1
Office Depot: 1
Walgreens: 1

June

Openings: 20 stores

Ashley Furniture: 1
CVS: 1
dd's Discounts: 3
Dollar General: 8
Family Dollar Stores: 1
Five Below: 1
Ollie's Bargain Outlet: 1
Pet Supplies Plus Inc.: 1
Regal Cinemas: 1
ULTA: 2

June

Closings: 5 stores

Ashley Furniture: 1
CVS: 1
Dollar General: 1
Office Depot: 2

Florida Box Openings & Closings: May & June 2021 /  by Guest User

May

Openings: 26 stores

Ace Hardware Corporation: 1
Aldi: 1
Crunch Fitness: 1
Dollar General: 4
Dollar Tree: 2
Esporta Fitness: 5
Family Dollar Stores: 1
Five Below: 1
Habitat for Humanity: 1
Harbor Freight Tools USA: 1
Haverty's Furniture: 1
Hobby Lobby: 1
Marshall's: 1
Office Depot: 1
Planet Fitness: 1
Presidente Supermarket: 1
Winn Dixie: 2

May

Closings: 16 stores

Dollar General: 1
Family Dollar Stores: 1
Habitat for Humanity: 1
LA Fitness: 5
Office Depot: 2
Office Max: 2
Publix: 1
Regal Cinemas: 1
Save-A-Lot: 1
Shoe Carnival: 1

June

Openings: 17 stores

Aldi: 3
American Signature Furniture: 1
Crunch Fitness: 2
CVS: 1
Dollar General: 3
Five Below: 1
HomeGoods: 1
Pet Supplies Plus Inc.: 1
Publix: 2
Total Wine & More: 1
Winn Dixie: 1

June

Closings: 11 stores

Bealls Outlet: 1
Family Dollar Stores: 1
Harveys Supermarket: 1
Office Depot: 1
Publix: 1
True Value Company: 4
Walgreens: 1
Winn Dixie : 1

South Box Openings & Closings: April 2021 /  by Guest User

South includes: AL, GA, NC, SC, TN, VA

Openings: 87 stores

Ace Hardware Corporation: 5
American Freight: 2
At Home: 1
Bealls Outlet: 1
Best Buy: 1
Big Lots: 1
Burlington Coat Factory: 1
Crunch Fitness: 1
Dollar General: 30
Dollar Tree: 3
Family Dollar Stores: 4
Five Below: 6
Food Lion/Delhaze: 14
Habitat for Humanity: 1
Harbor Freight Tools USA: 1
Hobby Lobby: 1
Lidl: 2
Marshall’s: 1
Old Navy: 1
Piggly Wiggly: 1
Planet Fitness: 4
Target: 1
TJ Maxx: 1
True Value Company: 1
Winn Dixie: 1

Closings: 149 stores

Bed Bath & Beyond: 1
Best Buy: 1
Big Lots: 1
BI-LO: 101
Citi Trends: 1
Dollar General: 8
Ethan Allen: 1
Family Dollar Stores: 2
Harveys Supermarket: 16
K & W Cafeteria: 2
Marshall’s: 1
Michaels Stores: 1
Pet Supplies Plus Inc.: 2
Piggly Wiggly: 2
Sears Appliance: 2
True Value Company: 4
Walgreens: 2
Winn Dixie: 1

South Box Openings & Closings: Februrary 2021 /  by Guest User

South includes: AL, GA, NC, SC, TN, VA

Openings: 55 stores

Ace Hardware Corporation: 2
Aldi: 1
American Freight: 3
Big Lots: 2
Citi Trends: 1
Dollar General: 17
Dollar Tree: 4
Family Dollar Stores: 2
Five Below: 4
Habitat for Humanity: 1
Harbor Freight Tools USA: 1
Hobby Lobby: 3
HomeGoods: 3
La-Z-Boy Incorporated: 1
Lidl: 1
Marshall’s: 2
Michaels Stores: 1
Piggly Wiggly: 2
Planet Fitness: 1
Rooms To Go: 1
Walgreens: 2

Closinsg: 32 stores

American Freight: 1
Badcock Furniture: 1
Bed Bath & Beyond: 6
Belk Department Store: 1
Big Lots: 2
Citi Trends: 1
Crunch Fitness: 1
Dick’s Sporting Goods: 1
Dollar General: 3
Family Dollar Stores: 2
Gabe’s Discount: 1
Goodwill: 1
Harbor Freight Tools USA: 1
Kirkland’s, Inc.: 1
La-Z-Boy Incorporated: 1
Michaels Stores: 2
Piggly Wiggly: 1
Staples: 1
True Value Company: 1
Walgreens: 2
Wal-Mart: 1

Texas Box Openings & Closings: Februrary 2021 /  by Guest User

Openings: 27 stores

Ace Hardware Corporation: 1
Aldi: 1
CVS: 1
Dick’s Sporting Goods: 1
Dollar General: 9
El Rancho Supermarket: 1
Family Dollar Stores: 1
Five Below: 2
Floor and Decor: 1
Harbor Freight Tools USA: 2
Michaels Stores: 2
Ollie’s Bargain Outlet: 2
Ross: 1
Tom Thumb: 1
Walgreens: 1

Closings: 6 stores

Dollar General: 2
Pet Supplies Plus Inc.: 1
Regal Cinemas: 1
Rooms To Go Kids: 1
Walgreens: 1

Florida Box Openings & Closings: February 2021 /  by Guest User

Openings: 28 stores

Aldi: 1
Burlington Coat Factory: 3
CVS: 1
Dick's Sporting Goods: 1
Dollar General: 9
Five Below: 4
Habitat for Humanity: 1
Harbor Freight Tools USA: 1
Michaels Stores: 2
Pet Supplies Plus Inc.: 1
Rooms To Go: 1
Rooms To Go Kids: 1
Ross: 1
TJ Maxx: 1

Closings: 11 stores

Bed Bath & Beyond: 3
Books A Million: 2
Dollar General: 1
Michaels Stores: 1
Planet Fitness: 1
Publix: 2
TJ Maxx: 2

South Box Openings & Closings: January 2021 /  by Guest User

South includes: AL, GA, NC, SC, TN, VA

Openings: 46 stores

Ace Hardware Corporation :2
Aldi: 1
AMC: 1
American Freight: 1
Ashley Furniture: 1
Badcock Furniture: 1
Citi Trends: 1
Crunch Fitness: 3
Dollar General: 13
Dollar Tree: 1
Family Dollar Stores: 7
Harbor Freight Tools USA: 3
Haverty's Furniture: 1
Lidl: 1
Pet Supplies Plus Inc.: 1
Piggly Wiggly: 3
Planet Fitness: 2
Publix: 1
True Value Company: 1
Walgreens: 1

Closings: 38 stores

Ace Hardware Corporation: 2
AMC: 1
Ashley Furniture: 2
Bed Bath & Beyond: 4
Burlington Coat Factory: 1
CVS: 3
Dick's Sporting Goods: 3
Dollar General: 1
Family Dollar Stores: 1
Gabe's Discount: 1
Habitat for Humanity: 2
Michaels Stores: 1
O2 Fitness Club: 1
Office Depot: 4
Office Max: 2
Party City: 1
Petco": 3
Save-A-Lot: 4
Walgreens: 1

What happens to Fresh Market when their $800M in bonds come due in May 2023? /  by Guest User

Fresh Markets was bought by Apollo in 2016. They have a weak balance sheet with $800M of bonds that require 9.75% interest payments. Back in April, the Fresh Market bonds were selling for less than $0.50, but today they have rocketed up to $1.03 because COVID brought a strong increase in sales. Help me understand what happens to Fresh Market when sales return to pre-COVID levels?

Instacart /  by Guest User

Instacart is planning an IPO. Right now the company is valued at $14B. What an amazing world we live in where you can build a business like Instacart in 5 years! Instacart today partners with more than 500 national, regional and local retailers, for nearly 40,000 stores across more than 5,500 cities. You need stores to make Instacart work - there is no retail apocalypse!

Open-Air REIT Stocks /  by Mauricio Abela

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Major open-air retail REIT stocks had a major rally over the last 30 days and they have now recovered more than half of their losses. Clearly, investors see green shoots, but there is still a long way to go. As a group the REITs are trading at a huge discount to their NAV, net asset value. REITs own about 20% of major metro retail assets. Is the market telling us that the nimble entrepreneur shopping center owners will beat out the big corporate players? I'm rooting for the little guy!

Florida Sales Summary - 2005-2020 /  by Guest User

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Who turned out the lights? Retail investment sales crashed in 2020 nearly matching the catastrophic year of 2009. It hardly ever gets worse than that. Florida is a bellwether state in the US and we watch it like a hawk. Just multiply what's happening in Florida by 15 and that’s happening in the entire US. We’ve posted the details on all the retail property sales over $15M that occurred in the major metropolitan areas of Florida over the last three years on our blog.

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Our reports include: prices, cap rates, buyers, sellers, brokers, NOI and even the vacancy at the time of sale. The more everyone knows about what's really happening the better off our marketplace will be. Onward!

Happy Birthday Publix /  by Guest User

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Happy Birthday Publix you are almost 100! We are often excited by the new things in life. But perhaps we're better off to consider the things that have endured well past any reasonable expectation. Last year, in September, Publix Supermarkets celebrated their 90th anniversary. In just 10 years, Publix will be one of the few companies to celebrate 100 years in business. The first Publix store did just $120,000 in sales in 1930.

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Today, the company does over $40 billion in sales and has over 1,250 stores. I remember as a kid meeting George Jenkins, Publix's founder, at a store grand opening and was so impressed by his energy and accomplishments. Every new store was a moment to celebrate for the founder. Are you building a company that will last for 100 years? If so, there are many valuable lessons to learn from studying Publix. I recommend finding a copy of the book that was published to celebrate Publixes 75th anniversary which lays out the history of the company and studying it. It'll make you a better businessperson.

Commercial Real Estate Rental Streams /  by Guest User

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Every once and awhile you see something that leaves you speechless. This chart is from a report just issued by Eastdil Secured and it hit me like a gut punch. I couldn't believe that I had missed something that was so obvious. All of the major classes of commercial real estate over the last 15 years have grown their rental streams by 3-4% annually. But there is one glaring exception, and that is retail properties which did not have any rental growth over the last 15 years. Now, during that period, retail sales grew by 3.75% per year, and yet, retail is still at the levels of 2005. That is shocking. What do you think about this? Please post a comment.