Friday, April 17, 2015

Selectmen approve Lexington Street curb-cut into Burlington Marketplace

Image result for burlington marketplace maIn what can be viewed as a major hurdle in the approval process, the Board of Selectmen unanimously approved a proposed curb-cut on Lexington Street in relation to a site plan amendment for the Burlington Marketplace, across from New England Executive Park on Burlington Mall Road.

Linear Retail Burlington #1 LLC, the property owners of the Burlington Marketplace who has offices located at 5 Burlington Woods Dr., presented the Board of Selectmen with the curb-cut proposal and the overall site plan amendment. Any type of modification to a roadway or parking lot, including a curb-cut, requires an approval from the selectmen. . . . more

Store Closing Announcements Signal Omni-Channel Future is Here

The future seems to be here when it comes to retailers moving to smaller bricks-and-mortar presence, as both Walgreens Boots Alliance and Pier 1 Imports announced last week they will be closing hundreds of stores. The closings come in the same week as Business Insider has leaked a memo from Apple retail head Angela Ahrendts telling employees to encourage customers to order Apple’s new smartwatches online, instead of mobbing the company’s retail stores. So should retail center landlords be worried?

Well, not exactly. Both Walgreens and Pier 1 appear to be doing fine overall.. . . more

Fast-casual chain Bibibop on fast track to growth

Bibibop Asian Grill is a departure for most people. There’s the purple rice, yum-yum sauce and a side dish made out of fermented cabbage.

Somehow it all works.

The fast-casual restaurant concept has grown to four locations in Columbus since the first opened in 2013. It has double-digit same-store sales growth and plans for almost 20 more stores in the next two years.. . . more

McDonald's franchisees unhappy

McDonald's is breaking the kind of records it probably doesn't want to break.

Even as its domestic sales have headed south, the six-month business outlook of its franchisees has fallen to a historic low — the worst in the 11-year history of a quarterly survey of store owner-operators by Janney Capital Markets. Store operators say their strained relationship with McDonald's corporate executives are the worst in the survey's history.. . . more

Wal-Mart and Target Are Being Crushed by Supermarkets in the Business of Selling Food

Traditional supermarkets such as Kroger and Safeway are schooling mass merchants Wal-Mart and Target in the business of selling fresh food and packaged goods, sending two of the nation's most formidable retailers back to the drawing board to reignite their sales.

 The winning recipe for grocers Kroger and Safeway, which don't have to be retailers of everything, has been a result of investments in customer service, more competitive prices, and an expansion of health and wellness products.. . . more

Target opens Lily Pulitzer pop-up; line to drop Sunday in stores

Target Corp. on Thursday opened a pop-up shop at Bryant Park in mid-t0wn Manhattan selling what many experts say will be one of its most popular designer collaborations to date:  A 250-piece Lilly Pulitzer for Target collection. According to reports, 500 to 600 people were waiting in line at 8 a.m. when the temporary store opened.

The highly-anticipated, resort-inspired collection launches nationwide in Target stores and online, on Sunday, April 19.   It covers a wide gamut of categories, from women’s and girls’ apparel to home goods and cosmetics, with a price range from $2 to $250. . . . more

Brown Shoe Company to change name, add men’s line

Image result for famous footwear storeOne of St. Louis’ oldest public companies and one of the nation’s most diverse footwear companies, Brown Shoe Company, is putting a new foot forward and changing its name to “Caleres,” a Latin word that means “passionate, to glow.” The Brown name, however, will live on in a new men’s footwear business called Brown Shoe Bootmakers that the company plans to launch in 2016.

The new moniker, which takes effect at the conclusion of the company’s annual shareholders’ meeting on May 28, is part of a rebranding campaign to better position the company’s brand portfolio, which includes some 1,200 Famous Footwear and Naturalizer stores. (The stores will continue to operate under their respective banners.) The logo will incorporate Brown Shoe’s “Star-Five-Star” mark, which the company has used since 1885.. . . more

Thursday, April 16, 2015

KeyPoint Partners To Handle Rita’s Boston Expansion

KeyPoint Partners, LLC will represent Rita’s as the Italian ice company seeks multiple retail locations throughout metro-Boston, says Robert Lemons, Managing Partner of the commercial real estate services firm. Don Mace, Vice President of Leasing, is heading up the expansion effort. Rita’s currently has a limited presence in New England, but is eager to add up to 30 of locations in the metro-Boston area. . . more

Wednesday, April 15, 2015

Family Dollar, Dollar Tree Merger Leads to 300-Plus Store Closings

More than 300 dollar stores will move from the portfolios of Dollar Tree Inc. and Family Dollar Stores Inc. when their merger closes.
According to The Wall Street Journal, Dollar Tree reported the Federal Trade Commission (FTC) is nearing the end of its review of the pending deal. As part of the review, 340 stores have been tapped for divestiture.
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More than 300 dollar stores will move from the portfolios of Dollar Tree Inc. and Family Dollar Stores Inc. when their merger closes.

According to The Wall Street Journal, Dollar Tree reported the Federal Trade Commission (FTC) is nearing the end of its review of the pending deal. As part of the review, 340 stores have been tapped for divestiture.. . . more

ALDI Is A Growing Menace To America's Grocery Retailers

ALDI is hard at work redefining the rules of shopper engagement and, in the process, eating away at the market share of many of America’s most venerable food retailers—and food manufacturers. Through a relentless pursuit of perfecting its own store brands portfolio and unique shopping experience, ALDI has become more than a nuisance, it is a major force that is on the verge of changing the grocery retailing landscape. One should not underestimate ALDI in the U.S. market.

From a consumer packaged goods company perspective it is easy to understand why.. . . more

Americans' Spending on Dining Out Just Overtook Grocery Sales for the First Time Ever

Image result for eating outPass the menu, hold the shopping cart.

Grocery stores are finding it harder to make headway with shoppers as a surge in spending at restaurants over the past several months signals Americans are more likely to ditch the brown bags in favor of doggy bags.

Sales at restaurants and bars overtook spending at grocery stores in March for the first time ever, according to Commerce Department data released Tuesday that dates to 1992.. . . more