Published May 12, 2010
ICSC’s RECon show in Las Vegas, the biggest retail real estate event of the year, is nearly upon us with the convention starting in just over a week.
A lot has changed this year. There will be no leasing mall in the Las Vegas Convention Center’s North Hall, no events in the Las Vegas Hilton, and the show is shortened by one day (ending on Tuesday), making the three-day affair an event packed with educational sessions and other happenings.
Continue reading ‘What Do You Expect From ICSC’s RECon This Year?’
It’s no secret that certain restaurant chains are in trouble. Forbes gives us a graphic reminder of some of those facing closures. Included in its pictorial are Country Kitchen, Damon’s Grill and Black Angus Steakhouse.
Movie Gallery is closing its remaining 2,400 namesake and Hollywood Video stores after filing for bankruptcy last year. New technology, such as streaming video, and rivals like Netflix, are killing off brick and mortar movie-rental outlets.
Landlords could have a similar announcement by rival Blockbuster Inc. to look forward to in the future, as that chain deals with similar problems.
Continue reading ‘What Will Replace Movie Gallery Stores?’
Published April 30, 2010
multimedia , Office Depot , Wal-Mart
The time-lapse video below (via BuzzFeed) shows why Walmart is the most successful retailer (and company) on the planet. This 24-hour store is always busy, with handfuls of shoppers even carousing in the wee hours of the morning. When the bars close, it’s time to hit Walmart.
ALSO: Office Depot: The Drumbeats of Doom are Pounding
Gottschalks, the West Coast department-store chain that went bankrupt and liquidated last year, is getting reborn. Joe Levy, a former CEO, is launching Gottschalk by Joe Levy, and plans to go into at least three of the 58 locations that were liquidated last year.
So far, the new concept is close to inking on deal in Clovis, CA, and it’s also considering former Gottschalks locations in the towns of Auburn and Oakhurst. If a deal is reached, the Clovis store will go into Land Value Management’s Sierra Vista Mall.
Continue reading ‘Will a Gottschalks Reincarnation Work?’
Published April 27, 2010
Best Buy , RadioShack , Sears , Wal-Mart
RadioShack, or The Shack as it now likes to be called, keeps turning in impressive financial results, mainly due to its mobile-phone selling success. Net income in its Q1 hit $50.1 million, up from $43.1 million in the same year-ago period, and same-store sales rose 4.7%
Sales got a boost by the addition of T-Mobile to its wireless service providers, adding it to Sprint Nextel and AT&T. It also started selling iPhones last year.
Continue reading ‘RadioShack Continues Its Turnaround’
It looks like Sears Holdings Corp. might be ready soon to start cashing in on some of its real estate by putting thousands of its namesake and Kmart stores on the market for sale or lease. And management thinks that the Internet might be an attractive way to do so.
The retailer recently launched a website called SHC Realty that has a searchable database of its properties. The site currently has 67 closed stores that are on the market for sale.
Continue reading ‘Sears Tries Selling, Leasing Stores Online’