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 in the world. These locations aren’t the first in the country for Tim’s – they’re already in 11 U.S. states, mostly in New England and the upper Great Lakes. Good luck to them, and may they open more.
JCPenney, with stores in other parts of New York City, is opening a giant store in Manhattan Mall across from Herald Square on July 31. The store, on the former site of Gimbel’s, Abraham and Straus, and Stern’s, is the first and only location in Manhattan. In accordance with opening one of the chain’s largest stores in the densest city in the country, JCP is embarking on a hip marketing campaign, attempting to debunk the chain’s reputation for being average and unfashionable.
In sadder news, the economy has claimed two more chains: Smith & Hawken, an upscale garden retailer, and Ritz Camera. Smith & Hawken is a 56-store chain owned by lawn-care giant Scotts Miracle Gro, of suburban Columbus, Ohio; however, the Smith & Hawken chain is based in tony Marin County, California. Ritz Camera, a 400-store chain operating under that name and several others, including Boater’s World, is also closing all of its stores unless a last-minute save occurs. The hope is that a going-concern buyer will purchase at least some of the stores to keep the chain going, but it’s not looking good. In the end, it means more vacancies for your local mall.
In a bit more astonishing news, a family clothing/variety chain that went out of business earlier this year is back in the fray, somewhat randomly. Goody’s family clothing, which closed all 287 stores earlier this year, has been reinvigorated by Texas-based Stage Stores, Inc., who purchased the Goody’s name and intends to reopen Goody’s-branded stores in markets where Goody’s existed and was proftable. Kind of neat.