I’ve been sitting on this story for nearly a month now, but Retail Traffic had an excellent piece in their last issue outlining a trend that most readers of this blog have likely suspected–that malls, especially the big, super-regional centers–have not only proven resilient in the economic downturn but have been performing strongly: “As the [...]
Former Caldor/Old Navy Store at Warwick Mall Jordan’s Furniture, a New England chain of large, destination-oriented furniture stores, is moving into the former Caldor/Old Navy store (pictured above) in the Warwick Mall in Warwick, Rhode Island. Last spring, the Warwick Mall was heavily damaged by a flood and was closed for months. As a result [...]
Comings and goings: Upscale furniture chain Robb and Stucky is liquidating after not being able to come up with the cash to continue operating their stores. Also unable to find a buyer, the 95-year-old chain is forced to go out of business. Based in Ft. Myers, Fla., they have locations in Florida, Texas, Arizona, and Nevada. [...]
Comings and goings: hhgregg, an Indianapolis-based electronics and appliance big box retailer, is opening between 35-45 stores in the next fiscal year, entering the Miami, Pittsburgh, and Chicago markets. Moe’s Southwest Grill, an Atlanta-based fast-casual Tex-Mex chain, is planning to double its nationwide units to 800 locations by 2015. Subway is also still growing strong, [...]
This is a relatively new feature to our site. While we’ve periodically reported retail news throughout the years, we’d like to establish a regular digest of major retail events on a bi-weekly or as-warranted basis. We’ll see how it goes. As with our mall articles, interactivity is key. While we’d like to try to cover all major [...]
OK, file this one under “WTF:” Defunct California department store chain Gottschalks–who were claimed about a year ago by the recession–may be re-emerging under their old banner in some locations, starting with the Sierra Vista Mall in the Fresno suburb of Clovis: Joe Levy wants to begin reviving the Gottschalk brand in Clovis, opening the [...]
Indianapolis-based mall giant Simon Properties Group Inc. lobbed a $10 billion hostile takeover bid today against bankrupt rival Chicago-based General Growth Properties, according to the Wall Street Journal and others. Some highlights of the bid and overall situation: GGP is currently in bankruptcy, buried under $7 billion in debt after years of easy credit fueled its massive expansion [...]
This isn’t a shocker, but according to an article in the Wall Street Journal (which has been reprinted all over the place, including the San Francisco Chronicle), Borders plans to close another 200 of its Waldenbooks stores, leaving a paltry 130 remaining in the chain. Despite what the article says, it’s unlikely even those are [...]
Two large, popular chains are coming to New York City this month. Tim Horton’s, the venerable Canadian donut-and-coffee outlet, is opening 12 outlets across Manhattan and Brooklyn this month, with 3 more coming in August. The stores are replacing former Dunkin Donuts outlets, and hopefully will find a niche in one of the toughest and most saturated markets [...]
According to an article in the May 15, 2009 Columbus Dispatch, Big Lots – a discount chain known for selling overstock and closeout merchandise – aims to make an even bigger name for itself in the eye of the consumer.
Not only is it the company’s first new store in central Ohio since 2005, it is a departure from the past strategy of locating in retail centers and strip malls aimed at discount shoppers.
By choosing a former Linens ‘n Things site across from Polaris Fashion Place mall, Big Lots is hoping to upgrade its profile and test some new ways of presenting its merchandise.