EQUITY RETAIL BLOG

Kroger slows pace of new stores, analysts cite over-stored market

Kroger’s plans for this year include a 35% reduction in new store development, expansions and relocations as compared to last year, according to a company filing with the SEC. Kroger has 55 projects planned for 2017, while last year it had 85. In addition, Kroger’s cap-ex plans for the year include 175 major remodels plus […]

Internet Immune....or "Less Immune" Retail

Creating this list was an exercise I thought worth the time and effort.  I wondered what a comprehensive list of Internet immune, or should I say “less immune”, retail looked like in today’s world.  For this effort, I did not include restaurants.  We all need to be cognizant of who we represent, the tenants we call […]

Kohl's Opening Stores

Kohl’s opening stores. Old stores about 100k SF. New stores about 70k SF. Online sales flat where Kohl’s stores closed.  Kohl’s online sales increased 12% last year. PYMNTS.com: Kohl’s Bucks The Trend; Gears Up To Open More Stores

American Retail at a Historic Tipping Point

New York Times: Is American Retail at a Historic Tipping Point?   I enjoyed this article as it helps tell today’s retail story better than many of the articles I have read.  American retail is changing and evolving.  To many people, in the segments most affected, it may seem like the sky is falling.  However, […]

Samtmann & ICSC

    Rob Samtmann, Principal at Equity CRE, was requested to teach a Best Practices course during ICSC’s March 2017 University on the campus of The Wharton School, University of Pennsylvania.  Retail Brokerage Best Practices topics covered included the following: The job and enjoying your profession Entrepreneurial approach to working every day Playing at a […]

Shipt to begin Costco delivery service

Shipt, a delivery service headquartered in Birmingham, AL, announced late last month that it would start delivering Costco products to customers in Tampa, FL, with plans to expand Costco service to 50 markets by the end of the year. Shipt says it is already working with Whole Foods, H-E-B, Harris Teeter and Meijer. For a […]

Fresh Grocer, UPenn in litigation over Acme deal in University City

The Philadelphia Business Journal reported last week that Acme signed a lease with the University of Pennsylvania for a 34,500 square foot store on Walnut Street in University City. However, Fresh Grocer currently operates a store there and doesn’t plan to leave, even though Penn notified them that their lease expired on March 31. Penn’s […]

Wegmans plans openings for two NJ stores

Wegmans announced that new stores in Hanover, NJ and Montvale, NJ will open this year on July 23 and September 24, respectively. Each store will feature a Burger Bar, which is Wegmans’ in-store restaurant counter. They will also have wine, beer and spirits shops operated by a third-party. The stores are the company’s closest locations […]

Target unveils "reimagined" store design

Target unveiled its design last week for a “reimagined” 124,000 square foot store, the first of which is scheduled to open near Houston, TX in October. An additional 40 stores are slated to be redesigned during the same time period. Target plans to convert about 500 stores to the new design – or a similar […]

Giant to close to Lancaster County stores

Giant Food Stores announced it would close two stores in Lancaster County, PA on May 18. The stores are located on Reservoir Street in Lancaster and Fruitville Pike in Manheim. According to a story in Pennlive.com, the Lancaster store is 37 years old, and the Manheim location was acquired 10 years ago.