Statistics

Florida Retail Development: 2021-2024 /  by Guest User

It was great to be back at ICSC Florida after two years without the conference. Enthusiasm was high as attendance neared pre-pandemic levels.

I had the honor of hosting the Special Industry Groups Development forum, where I shared insights on the market and the upcoming retail developments in Florida. In the video below, I breakdown over 2,000 hours of research my team conducted over the last 12 months that will give you all you need to know.

Download the full presentation deck.

South Box Openings & Closings: July 2022 /  by Guest User

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

Openings: 75 stores

Ace Hardware Corporation: 3
Aldi: 2
American Freight: 1
Best Buy: 1
Big Lots: 1
Crunch Fitness: 1
CVS: 1
dd’s Discounts: 1
Dollar General: 23
Dollar Tree: 1
Family Dollar Stores: 13
Goodwill: 6
Harbor Freight Tools USA: 4
Jo-Ann Fabric: 2
Michaels Stores: 2
Petco: 7
Piggly Wiggly: 1
Publix: 3
Ross: 1
ULTA: 1

Openings: 19 stores

Chuck E Cheese: 1
CVS: 2
Dollar General: 4
Dollar Tree: 1
Family Dollar Stores: 1
Goodwill: 1
Habitat for Humanity: 1
Havertys Furniture: 1
Office Depot: 1
Party City: 1
Save-A-Lot: 1
Sky Zone Trampoline Park: 1
Staples: 1
Walgreens: 2

Texas Box Openings & Closings: July 2022 /  by Guest User

Openings: 44 stores

Ace Hardware Corporation: 1
Big Lots: 1
CVS: 1
dd’s Discounts: 1
Dollar General: 11
Family Dollar Stores: 11
Harbor Freight Tools USA: 3
Jo-Ann Fabric: 1
LA Fitness: 1
Melrose Family Fashions: 1
Ollie’s Bargain Outlet: 1
Pet Supplies Plus Inc.: 1
Petco: 6
Planet Fitness: 1
Ross: 3

Closings: 8 stores

CVS: 5
Dollar General: 1
Family Dollar Stores: 1
Specs Wines, Spirits & Finer Foods: 1

Florida Box Openings & Closings: July 2022 /  by Guest User

Openings: 13 stores

ABC Fine Wine & Spirits: 1
Academy Sports: 1
Aldi: 1
Conn’s Home Plus: 1
dd’s Discounts: 1
Dollar General: 2
Party City: 1
Piggly Wiggly: 1
Planet Fitness: 1
Ross: 2
ULTA: 1

Closings: 10 stores

American Freight: 1
American Signature Furniture: 1
Baer’s Furniture: 1
CVS: 2
Dollar General: 1
Goodwill: 2
Navarro Discount Pharmacy: 1
Party City: 1

South Box Openings & Closings: June 2022 /  by Guest User

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

Openings: 57 stores

Ace Hardware Corporation: 5
Aldi: 2
Ashley Furniture: 1
Big Lots: 1
Books A Million: 1
Burlington Coat Factory: 1
CVS: 1
Dollar General: 21
Dollar Tree: 1
Electronic Express: 1
Family Dollar Stores: 9
Gabe’s Discount: 1
Habitat for Humanity: 1
Harbor Freight Tools USA: 2
Lidl: 1
Marshall’s: 1
Old Time Pottery: 2
Pet Supplies Plus Inc.: 1
Planet Fitness: 1
Total Wine & More: 1
ULTA: 2

Openings: 28 stores

Ace Hardware Corporation: 2
CVS: 5
Dollar General: 4
Dollar Tree: 2
Electronic Express: 1
Family Dollar Stores: 3
Habitat for Humanity: 1
Harbor Freight Tools USA: 1
Jo-Ann Fabric: 1
Marshall’s: 1
Office Depot: 1
Office Max: 1
Pet Supplies Plus Inc.: 1
Piggly Wiggly: 1
Save-A-Lot: 2
Walgreens: 1

Texas Box Openings & Closings: June 2022 /  by Guest User

Openings: 24 stores

Ace Hardware Corporation: 2
Burkes Outlet: 2
dd’s Discounts: 3
Dick’s Sporting Goods: 1
Dollar General: 5
Dollar Tree: 2
Family Dollar Stores: 2
Goodwill: 1
La-Z-Boy Incorporated: 1
Melrose Family Fashions: 1
Pet Supplies Plus Inc.: 1
PETsMART: 1
Specs Wines, Spirits & Finer Foods: 1
ULTA: 1

Closings: 6 stores

Crunch Fitness: 1
CVS: 1
Dollar Tree: 1
La-Z-Boy Incorporated: 1
Save-A-Lot: 1
ULTA: 1

South Box Openings & Closings: May 2022 /  by Guest User

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

Openings: 61 stores

Ace Hardware Corporation: 2
Ashley Furniture: 1
Big Lots: 1
Burkes Outlet: 1
Burlington Coat Factory: 1
Carlie C’s IGA: 3
Crunch Fitness: 1
CVS: 1
Dick’s Sporting Goods: 1
Dollar General: 21
Dollar Tree: 1
Family Dollar Stores: 5
Five Below: 1
Floor and Decor: 2
Goodwill: 2
Harbor Freight Tools USA: 2
Home Centric: 1
HomeGoods: 1
LA Fitness: 1
Lidl: 1
Michaels Stores: 1
Ollie’s Bargain Outlet: 1
Pet Supplies Plus Inc.: 1
Planet Fitness: 1
Publix: 1
Target: 1
True Value Company: 3
Urban Air Adventure Park: 1
Wegmans Food Markets: 1

Openings: 28 stores

Aldi: 1
Ashley Furniture: 1
Big Lots: 1
Burlington Coat Factory: 1
Dollar General: 4
Esporta Fitness: 1
Family Dollar Stores: 4
Gold’s Gym: 2
Goodwill: 1
Habitat for Humanity: 1
Office Depot: 1
Piggly Wiggly: 2
Save-A-Lot: 3
Staples: 2
True Value Company: 1
Whole Foods: 2

Texas Box Openings & Closings: May 2022 /  by Guest User

Openings: 27 stores

Ace Hardware Corporation: 2
Burkes Outlet: 1
Dick’s Sporting Goods: 1
Dollar General: 11
Dollar Tree: 1
Family Dollar Stores: 3
Five Below: 1
Gold’s Gym: 1
Planet Fitness: 1
Specs Wines, Spirits & Finer Foods: 2
TJ Maxx: 1
True Value Company: 1
ULTA: 1

Closings: 9 stores

Dollar General: 2
Family Dollar Stores: 4
Petco: 2
Randalls Supermarket: 1

Florida Box Openings & Closings: May 2022 /  by Guest User

Openings: 37 stores

Ace Hardware Corporation: 1
Aldi: 1
Badcock Furniture: 1
Burlington Coat Factory: 1
Citi Trends: 2
Dollar General: 6
Dollar Tree: 1
Habitat for Humanity: 1
Harbor Freight Tools USA: 1
Home Centric: 2
LA Fitness: 13
Marshall’s: 2
Planet Fitness: 1
Publix: 1
Sprouts Farmers Market: 1
Total Wine & More: 1
True Value Company: 1

Closings: 24 stores

CVS: 2
Dollar General: 1
Dollar Tree: 1
Esporta Fitness: 13
Family Dollar Stores: 1
Marshall’s: 1
Petco: 1
Planet Fitness: 1
Publix: 1
Walgreens: 2

South Box Openings & Closings: April 2022 /  by Guest User

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

Openings: 68 stores

Academy Sports: 1
Ace Hardware Corporation: 3
Aldi: 2
Ashley Furniture: 1
Big Lots: 1
Burlington Coat Factory: 3
Citi Trends: 1
Dollar General: 22
Dollar Tree: 2
Family Dollar Stores: 13
Gabe’s Discount: 1
Goodwill: 3
Habitat for Humanity: 1
Harbor Freight Tools USA: 3
Hobby Lobby: 1
HomeGoods: 1
Lidl: 1
Michaels Stores: 1
Ollie’s Bargain Outlet: 1
Planet Fitness: 1
Target: 1
The Butcher’s Market: 1
ULTA: 1
Urban Air Adventure Park: 1
Walgreens: 1

Openings: 26 stores

Ace Hardware Corporation: 1
AMC: 1
Barnes & Noble: 1
Big Lots: 1
CVS: 8
Dollar General: 2
Dollar Tree: 1
Goodwill: 1
Michaels Stores: 1
O2 Fitness Club: 1
Office Max: 1
Piggly Wiggly: 1
Save-A-Lot: 1
Staples: 1
True Value Company: 1
Walgreens: 3

Florida Box Openings & Closings: March 2022 /  by Guest User

Openings: 24 stores

Ace Hardware Corporation: 1
Aldi: 2
At Home: 1
Burlington Coat Factory: 1
Crunch Fitness: 1
Dollar General: 3
Five Below: 2
Harbor Freight Tools USA: 1
Marshall’s: 2
Ollie’s Bargain Outlet: 2
Planet Fitness: 3
Publix: 1
Ross: 2
ULTA: 1
Winn Dixie : 1

Closings: 13 stores

ABC Fine Wine & Spirits: 1
Bed Bath & Beyond: 1
Kirkland’s, Inc.: 1
Kmart Corporation: 1
La-Z-Boy Incorporated: 1
Marshall’s: 1
Office Depot: 1
Publix: 1
Regal Cinemas: 1
Ross: 1
Save-A-Lot: 1
ULTA: 1
Walgreens: 1

Texas Box Openings & Closings: March 2022 /  by Guest User

Openings: 37 stores

Burlington Coat Factory: 2
buybuy Baby: 2
CVS: 1
Dollar General: 13
Family Dollar Stores: 4
Five Below: 1
Floor and Decor: 1
Hobby Lobby: 1
Melrose Family Fashions: 1
Party City: 1
Pet Supplies Plus Inc.: 1
Planet Fitness: 5
Ross: 2
Sprouts Farmers Market: 1
TJ Maxx: 1

Closings: 12 stores

Bed Bath & Beyond: 1
Best Buy: 1
CVS: 1
Dollar General: 2
Family Dollar Stores: 2
Gold’s Gym: 1
Goodwill: 1
Party City: 1
Planet Fitness: 1
Save-A-Lot: 1

South Box Openings & Closings: March 2022 /  by Guest User

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

Openings: 71 stores

Ace Hardware Corporation: 5
Aldi: 3
At Home: 1
Badcock Furniture: 1
Bealls Outlet: 1
Big Lots: 1
Burlington Coat Factory: 3
Dollar General: 25
Dollar Tree: 2
DSW Shoe Warehouse: 1
Family Dollar Stores: 6
Five Below: 3
Floor and Decor: 1
Gabe’s Discount: 1
Harbor Freight Tools USA: 3
HomeGoods: 1
Marshall’s: 1
Ollie’s Bargain Outlet: 2
Pet Supplies Plus Inc.: 2
Planet Fitness: 2
Ross: 3
Sears Appliance: 1
The Butcher’s Market: 1
Walgreens: 1

Closings: 38 stores

Ace Hardware Corporation: 1
Aldi: 1
Badcock Furniture: 1
Bed Bath & Beyond: 1
Best Buy: 2
Big Lots: 1
Burlington Coat Factory: 1
CVS: 1
Dick’s Sporting Goods: 1
Dollar General: 7
Dollar Tree: 2
Family Dollar Stores: 2
Goodwill: 3
Habitat for Humanity: 2
O2 Fitness Club: 4
Office Depot: 1
Pet Supermarket: 1
Planet Fitness: 1
Save-A-Lot: 1
Sears Appliance: 1
Walgreens: 3

“I’ll Pay You $7 Million for a Profoundly Mediocre Performance,” said no investor ever. /  by Guest User

It’s pretty good to be CEO of a top-20 strip center owner. In 2020, the average CEO’s compensation hovered around $6.4 million. And, it turns out, they didn’t have to move all that many mountains to earn that kind of paycheck.

From 2014 to 2021, the market cap of these top 20 companies shrank by $4.4 billion. Those that did manage to grow in size only did so through the acquisition of competitor companies.

Take Kimco, for example. In 2021, they bought WRI’s 29 million square foot portfolio. And yet, between 2014 and 2021 Kimco’s GLA only grew by 10 million square feet. This means that were it not for the WRI acquisition, Kimco’s total GLA would have actually contracted by 19 million square feet in those six years. Similarly, Kimco’s market cap appears to have increased by $3.1 billion in that same six-year period. And yet, when we consider that they acquired Weingarten with a $4.8 billion market cap, were it not for that purchase, Kimco would have lost $1.7 billion in value. And yet, Kimco’s stockholders paid 7.6% in general and administrative fee and awarded Kimco’s CEO $7.7 million in compensation for the privilege.

Talk about a herd of big, inefficient elephants in the room.

South Box Openings & Closings: February 2022 /  by Guest User

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

Openings: 64 stores

Ace Hardware Corporation: 2
AMC: 1
At Home: 1
Badcock Furniture: 1
Big Lots: 1
Burlington Coat Factory: 1
buybuy Baby: 1
Citi Trends: 1
Crunch Fitness: 1
Dollar General: 17
Dollar Tree: 14
Electronic Express: 1
Family Dollar Stores: 8
Five Below: 1
Goodwill: 1
Harris Teeter: 1
Hobby Lobby: 2
HomeGoods: 1
Lowes Foods: 1
Ollie’s Bargain Outlet: 1
Pet Supplies Plus Inc.: 1
Planet Fitness: 1
Publix: 2
Sears Appliance: 1
ULTA: 1

Closings: 48 stores

Ace Hardware Corporation: 1
AMC: 2
Badcock Furniture: 1
Bealls Outlet: 1
Bed Bath & Beyond: 3
Books A Million: 1
buybuy Baby: 1
CVS: 1
Dollar General: 7
Dollar Tree: 1
DSW Shoe Warehouse: 1
Electronic Express: 1
Family Dollar Stores: 7
Gold’s Gym: 1
Goodwill: 2
Kirkland’s, Inc.: 3
Lidl: 1
Piggly Wiggly: 1
Publix: 1
Regal Cinemas: 1
Save-A-Lot: 1
Sears Appliance: 3
Shoe Carnival: 1
Walgreens: 5

Texas Box Openings & Closings: February 2022 /  by Guest User

Openings: 35 stores

Ace Hardware Corporation: 2
Ashley Furniture: 1
At Home: 1
dd’s Discounts: 4
Dollar General: 8
Dollar Tree: 3
Family Dollar Stores: 3
Five Below: 2
Floor and Decor: 1
Gold’s Gym: 1
Hobby Lobby: 2
HomeGoods: 2
Planet Fitness: 1
Sprouts Farmers Market: 1
ULTA: 1

Closings: 18 stores

CVS: 2
Dollar General: 3
Dollar Tree: 3
Family Dollar Stores: 4
Golf Galaxy: 1
Hobby Lobby: 1
Kirkland’s, Inc.: 1
True Value Company: 1
Tuesday Morning: 1
ULTA: 1