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Rob Samtmann | Feb 26, 2016 |
Retail News

McCaffrey's Opening Two New Stores

Doylestown – 13,000 SF Blue Bell – 50,000 SF Supermarket News Article McCaffrey’s Food Markets said it would open two new stores in Pennsylvania including a 13,000-square-foot store in Doylestown the company described as a “best of McCaffrey’s” offering. Both stores are expected to open in late spring. The Doylestown store, identified as Simply Fresh […]
Rob Samtmann | Feb 15, 2016 |
Retail News

Burlington Mall Renovation Delayed

A $230 million plan to renovate Burlington County Mall has been delayed until fall of this year. The renovation plans for Burlington County Mall, renamed the ‘Marketplace at Burlington,’ have been delayed due to ‘complicated lease agreements’. The $230 million renovation was supposed to be a turnaround for the mall. According to Philly.com, the location of the […]
Rob Samtmann | Feb 15, 2016 |
Retail News

Three Brixmor Execs Resign

Reuters Article Brixmor’s top executives exit after accounting review, shares plunge Shopping center owner and operator Brixmor Property Group Inc said its CEO and two other top officers resigned after an internal review found that its financial statements were tampered with, sending its shares down as much as 25 percent. The company said on Monday […]
Rob Samtmann | Feb 15, 2016 |
Retail News

Lowe's making a Big Splash in Canada

Lowe’s is buying a market leader in Canada.  icsc.org Article LOWE’S TO ACQUIRE RONA, CREATING CANADA’S LEADING HOME IMPROVEMENT RETAILER – Transaction unanimously approved by both companies’ Boards of Directors – Agreement is based on compelling strategic rationale for both companies – Lowe’s pledges important commitments to RONA’s key Canadian stakeholders – Lowe’s to locate its Canadian head office in Boucherville, Quebec; Canadian […]
Rob Samtmann | Feb 13, 2016 |
Retail News

Retailers Shaving Some Stores & Preparing for Future

This article provides a good understanding of the 2015 holiday shopping season and retail today. http://nreionline.com/retail/retailers-pare-store-counts-landlords-brace-bumpy-transition?NL=NREI-21&Issue=NREI-21_20160204_NREI-21_208&sfvc4enews=42&cl=article_1&utm_rid=CPG09000005856700&utm_campaign=4960&utm_medium=email&elq2=25d99cbe34244807b808126b03
Rob Samtmann | Feb 13, 2016 |
Retail News

JCPenney Closing 7 Stores

Consumerist Article History appears to be repeating itself at JCPenney this week. Just days after the retailer announced its same-store sales were up through the holiday season, the company tempered that good news by unveiling plans to close several stores… again.  You might remember the same good news-bad news pattern from just a year ago when the company said […]
Rob Samtmann | Feb 13, 2016 |
Retail News

Joyce Leslie Files for Chapter 11 Bankruptcy

NY Post Article
Rob Samtmann | Feb 01, 2016 |
Retail News

LIDL Overview of Site Selection

Supermarket News Overview of LIDL Site Selection As part of an effort to acquire sites for its U.S. store expansion, Lidl has launched a new website detailing its preferred site criteria, and guidelines for potential suppliers. The site confirms that the retailer is seeking to build stand-alone stores of 36,000 square feet in dense population markets […]
Rob Samtmann | Jan 26, 2016 |
Retail News

Walmart Closing 269 Stores

The closings include… 102 company small format stores 23 Neighborhood Markets 12 Supercenters 7 stores in Puerto Rico 6 discount centers 4 Sam’s Clubs Shopping Center Business Article Bentonville-based Wal-mart Stores Inc. is set to close 269 stores in the U.S. and globally. In October 2015, the company said an active review of the portfolio […]
Rob Samtmann | Jan 11, 2016 |
Retail News

Mall Anchors are Fading

The following article is a good accounting of the current state of affairs for mall anchors.  There is some information specific to the Philadelphia market, but there is enough national information to make it a worthwhile article. Traditional mall anchors are fading away The American middle class is disappearing, and with it, the mall anchor store. […]

Rob Samtmann

Rob is Managing Principal of Equity CRE and he specializes in tenant representation and leasing.

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