Published May 24, 2010
Cassidy Turley , Children's Dental Care , Circuit City , Coldwell Banker Commercial , CVS , Developers Diversified Realty , Fresh & Easy , ICSC , Jones Lang LaSalle , Linens 'n Things , Newmark Merrill Companies , Taubman Centers , Tesco
The retail real estate industry is far from its high-flying days of 2007 and before, but most executives we spoke with at ICSC’s RECon show weren’t about doom and gloom. Things are looking up…kind of.
“We’re seeing more demand for retail space,” said Scott Schroeder, vice president of marketing at Developers Diversified Realty. “It’s good. We’re not completely back, but we’re headed in the right direction.”
Continue reading ‘ICSC: Could be Better, Could be Worse’
Published May 20, 2010
Target , Wal-Mart
Walmart’s same-store sales were down 1.4% during its most recent quarter. So what does that mean about the state of the overall economy?
There are two theories.
Continue reading ‘The Walmart Paradox’
Published March 12, 2010
Aeropostale , Aldi , Anthropologie , Barnes & Noble , Best Buy , Hollister , Home Depot , Interbrand Design Forum , Macy's , Target , Wal-Mart
We know that Aeropostale fares well in the recession and posts impressive sales due to its kindly priced apparel that connects with its teen audience. But as a brand name is it really more valuable than Macy’s?
Well, that’s the case, according to firm Interbrand Design Forum, which put out a list of the 50 strongest retail brand names in the country. It’s list has Aeropostale at number 35, while Macy’s is ranked 50th.
Continue reading ‘Aeropostale Trumps Macy’s as a Brand?’
It seems like every big-box retailer out there is looking to size down store sizes in efforts to grow in urban areas. Walmart is focusing on smaller stores. Target kind of has plans to do the same. Home Depot is already incorporating the strategy.
On the surface, it makes sense. Even with higher real estate costs, these chains are moving into high-density areas with significant household incomes.
Continue reading ‘Can Walmart, Target Adapt to Smaller Stores?’
Published January 25, 2010
Sam's Club , Target , Wal-Mart
Published January 6, 2010
Costco , Target
Target is going warehouse-club style, at least temporarily. The discounter launched “The Great Save,” a promotion that started this week and will last through Feb. 21, selling bulk items at a discount.
Offerings include such staples as bulk paper towels, granola bars and T-shirts. But customers can also purchase designer-brand clothing and home-decor items at a discount as well, just as Costco and other warehouse clubs offer.
Continue reading ‘Target Takes on Costco With ‘Great Save’’
Published August 27, 2009
Financing , Macerich , Taubman Centers
[Editor’s Note: Ian Ritter is taking a much deserved vacation over the next week, and GlobeSt.com retail reporter Debra Hazel is filling in for him on Counter Culture. Please be nice.]
“When you’re in the middle of the storm, all you can focus on is the rain around you,” Taubman Centers COO William Taubman told CNBC yesterday, referring to the uncertainty around commercial real estate.
Some specialty apparel stores stores are showing signs of life, but commercial real estate still has a long way to go, he noted. With some $300 billion to $400 billion of debt to be financed, with no liquidity in sight, he said, the hole is still pretty deep.
Continue reading ‘Surviving the storm’