Openings: 22 stores
Aldi: 1
Dollar General: 6
Dollar Tree: 3
Family Dollar Stores: 1
Five Below: 1
Floor and Decor: 1
Harbor Freight Tools USA: 2
Hobby Lobby: 1
HomeGoods: 1
Kirkland’s, Inc.: 1
Pet Supplies Plus Inc.: 1
Planet Fitness: 1
Shoe Carnival: 1
Tom Thumb: 1
Closings: 5 stores
American Freight: 1
Dollar General: 1
Kirkland’s, Inc.: 2
Albertsons: 1
Openings: 33 stores
ABC Fine Wine & Spirits: 1
Aldi: 3
Badcock Furniture: 1
Big Lots: 1
Cinemark USA: 1
Crunch Fitness: 1
Dollar General: 6
Five Below: 5
Harbor Freight Tools USA: 1
Pet Supplies Plus Inc.: 1
Planet Fitness: 1
Publix: 8
Ross: 3
Closings: 6 stores
Badcock Furniture: 1
Dollar General: 1
Family Dollar Stores: 2
Habitat for Humanity: 1
Save-A-Lot: 1
South includes: AL, GA, NC, SC, TN, VA
Openings: 80 stores
Ace Hardware Corporation: 2
AMC: 1
American Freight: 1
Ashley Furniture: 2
Big Lots: 2
Burlington Coat Factory: 2
Costco: 1
Crunch Fitness: 1
CVS: 1
Dollar General: 25
Dollar Tree: 10
Family Dollar Stores: 10
Fitness Connection: 1
Five Below: 5
Gabe’s Discount: 1
Harbor Freight Tools USA: 5
Lidl: 1
Lowe’s: 1
Pet Supplies Plus Inc.: 1
Planet Fitness: 2
Publix: 1
Trader Joe’s: 1
True Value Company: 2
Walgreens: 1
Closings: 23 stores
Ace Hardware Corporation: 1
AMC: 1
Big Lots: 1
Crunch Fitness: 2
CVS: 1
Dollar General: 4
Dollar Tree: 1
Family Dollar Stores: 4
Kirkland’s, Inc.: 1
Office Depot: 2
Piggly Wiggly: 2
Save-A-Lot: 1
Walgreens: 2
Openings: 40 stores
Ace Hardware Corporation: 3
CVS: 1
Dollar General: 9
Dollar Tree: 1
Esporta Fitness: 7
Family Dollar Stores: 7
Five Below: 1
Harbor Freight Tools USA: 1
Planet Fitness: 2
Ross: 6
Walgreens: 2
Closings: 17 stores
Dollar Tree: 1
Family Dollar Stores: 2
LA Fitness: 8
Office Depot: 3
Sears Appliance: 2
True Value Company: 1
Openings: 25 stores
Aldi: 4
Citi Trends: 1
Crunch Fitness: 1
dd's Discounts: 1
Dollar General: 5
Esporta Fitness: 8
Family Dollar Stores: 1
Marshall's: 1
Powerhouse Gym: 1
Total Wine & More: 1
Whole Foods: 1
Closings: 21 stores
ABC Fine Wine & Spirits: 1
Family Dollar Stores: 2
LA Fitness: 8
Marshall's: 1
Office Depot: 3
Save-A-Lot: 1
Staples: 1
True Value Company: 1
Walgreens: 2
Whole Foods: 1
South includes: AL, GA, NC, SC, TN, VA
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
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
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
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
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
Closings: 8 stores
Dollar General: 2
Family Dollar Stores: 2
JC Penney: 1
Kirkland's, Inc.: 1
Office Depot: 1
Walgreens: 1
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
Closings: 5 stores
Ashley Furniture: 1
CVS: 1
Dollar General: 1
Office Depot: 2
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
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
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
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
Over the past year in the US, COVID has been a national tragedy with about 600,000 deaths. Nearly 80% of those dying were over 65. Today, there are about 100M unvaccinated under 65 and another 10M unvaccinated over 65. In the next year, another 100,000 - 150,000 American will die from COVID (nearly all off those deaths will come from the unvaccinated). As COVID becomes endemic about 50,000-75,000 will die annually because we will never get 100% of the population vaccinated. COVID is not going away.
We need to learn to live without fear and move forward because our best days are still ahead of us. Getting the vaccine is the right move, but it is still a free country and everyone should be free to choose.
Onward!
I follow many of the top ecomomic thinker blogs and in a recent post on Calafia Beach Pundit, Scott Grannis summarizes my thoughts exactly on current market conditions.
Conditions in the US look fantastic these days. Prices for lots of goods and services are soaring. Retails sales are at all time highs. Job openings are at record highs. Financial markets are awash in liquidity, and financial market conditions in general are about as good as they have ever been. Debt service burdens for most people are at all-time lows. The stock market is on the cusp of new all-time highs. Corporate profits are booming. Air travel is surging.
“Private sector jobs have recovered almost 70% of what they lost due to the Covid-19 shutdown. ”
The economy has recovered just about all it lost to the Covid-19 crisis. Household net worth is at all-time highs in nominal, real and per capita terms. Private sector jobs have recovered almost 70% of what they lost due to the Covid-19 shutdown. Vaccines and natural immunity have all but vanquished Covid-19. Conditions are improving daily, with no near-term end in sight. On the inflation front, expectations currently remain reasonably anchored at around 2.5%.
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
Openings: 27 stores
Albertsons: 1
American Freight: 1
Burlington Coat Factory: 1
Dick's Sporting Goods: 1
Dollar General: 9
Dollar Tree: 2
Family Dollar Stores: 2
Five Below: 3
Ollie's Bargain Outlet: 2
Pet Supplies Plus Inc.: 1
Sears Appliance: 3
Walgreens: 1
Closings: 5 stores
Bed Bath & Beyond: 1
CVS: 1
Dollar General: 1
Office Depot: 1
Walgreens: 1
Openings: 19 stores
Ace Hardware Corporation: 1
Aldi: 4
Burlington Coat Factory: 2
Crunch Fitness: 1
CVS: 1
Dollar General: 3
Five Below: 3
Publix: 3
True Value Company: 1
Closings: 10 stores
American Freight: 1
CVS: 1
GFS Marketplace: 2
Harveys Supermarket: 1
Publix: 1
Save-A-Lot: 2
Sears Appliance: 2
The open air REITs have nearly recovered all of their COVID losses. The average open air REIT's stock is currently only about 10% below their pre-COVID levels. At this price level, the stock market is indicating that open air centers are currently worth about 5% less than their pre-COVID prices. We predict a full recovery by the end of 2021. Onward!
Repost from SupermarketNews.com
Perhaps an IPO is the best capital raising solution for The Fresh Market to refinance its $800M of outstanding bonds which have a 9.75% interest rate and mature in May 2023. Will investors buy the stock where the sales have spiked from Covid related consumer demand? Time will tell.
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
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
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
Illustration by Hugo Lin. ThoughtCo.
The short answer is not much. I determined this several years ago at my cottage on the Saint Lawrence River.
First, I plotted on the x-axis the actual sales for over 100 stores operated by a large grocery chain in Florida.
Next, I plotted two different values for each center on the y-axis: a) the center’s occupancy rate and b) the center’s asking rental rate.
If the sales were correlated with either item then the (x,y) points would follow a straight line. Unfortunately, the plot looked like a shotgun blast. There was no correlation between the grocery anchor’s sales and either center’s rents or occupancy level. In other words, the sales did not convey any information about the rest of the center.
So, the next time some genius goes on and on about how good their center is because the grocery anchor or any other anchor has “high sales”, just let them know that there is no correlation with anything meaningful. Now you are the genius.
Onward!
Repost from Progressivegrocer.com
Walmart has dropped the $35 minimum order requirement for express delivery. Express delivery promises that customers will receive their merchandise within two hours. We are watching the transformation of retailing.
Onward! There is no retail apocalypse.
