Archive for the 'Target' Category

ICSC: Could be Better, Could be Worse

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.”
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The Walmart Paradox

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.
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Aeropostale Trumps Macy’s as a Brand?

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.
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Can Walmart, Target Adapt to Smaller Stores?

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.
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More Bad Times at Sam’s Club

Walmart’s chain of warehouse-style membership clubs is the bringer of more bad news. Reports say that the company is letting go of more than 11,000 workers around the country.

The measure follows an announcement that Walmart will close 10 Sam’s Clubs across the country that are loosing money. No further closures were announced.
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Target Takes on Costco With ‘Great Save’

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’’

Surviving the storm

[Editor’s Note: Ian Ritter is taking a much deserved vacation over the next week, and 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.

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Wal-Mart May Finally Enter NYC

The largest retailer in the world is again looking at entering the biggest city in the country. Wal-Mart executives figure that conditions are favorable for the company to come to New York. People are now looking for a bargain more than ever, and real estate prices here might not get a whole lot lower.

The company has considered coming to New York in the past. Either way, it should expect a big fight from local labor unions, “You’re not going to get into this city unless you come forward and talk to the players, and in New York City, like it or not, the labor movement is a major player,” one union leader told Crain’s.
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The Top 100 Retailers

Stores magazine just put out its list of top 100 retailers by revenue. Wal-Mart of course, is on top, followed by Kroger, Costco, Home Depot, Target, Walgreen, CVS, Lowe’s, Sears Holdings and Best Buy in descending order.

Though it’s by no means a new phenomenon, we still get blown away by Wal-Mart’s Shaq-like size. Its nearly $406 billion in revenue last year exceeds that of the next five retailers on the list COMBINED.

Wal-Mart is also making news for its support of employer-mandated health care, which is facing opposition from the National Retail Federation, which puts out Stores. We’re not going to weigh in on the health care debate (you readers are welcome to do that), but we admire that the NRF isn’t afraid to stand up to what must be one of its largest members.

Will Wal-Mart’s Luck Run Out?

Wal-Mart’s annual meeting is taking place this week, and investors have plenty of reason to celebrate, given that the retailer is prevailing while others are struggling during the recession.

But this article asks a question we hadn’t given much thought to: “Can these gains last when the economy improves and shoppers once again choose to shop elsewhere?”
Continue reading ‘Will Wal-Mart’s Luck Run Out?’

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September 2020

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