Department store chain to open locales near Pittsburgh and in Fargo, N.D. https://lnkd.in/gtNkfnXC
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Here's what you need to know about planned Costco stores in El Dorado Hills and west Roseville.
Latest on Costco's local expansion plans
bizjournals.com
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Here's what you need to know about planned Costco stores in El Dorado Hills and west Roseville.
Latest on Costco's local expansion plans
bizjournals.com
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This expansion is big for Wawa as they continue to build in their home market as they also continue to expand into new states. Unfortunately while they do this as well as other chains that are going into new markets it is killing the small guys. Not only the franchise owners of 7-Eleven stores that have to compete but even the small business Independent stores. These guys work in their stores open to close to provide for their families. It’s definitely becoming harder and you can see that by the drastic decrease in independent retail accounts since 2020. There’s been 20k+ accounts that have closed in the independent convenience retail channel and still going. While so many say support small business they seldom thing of the c&g channel. A couple of the main drivers of this in my opinion, Covid has driven the need for cleanliness and people feel the chains have a cleaner store. While a good reason but how clean are these chains? Have you checked their health department scores?? I know theirs time I go into a restroom at a chain and they are absolutely horrendous. Now my other opinion, a lot of these independents that don’t have thin “G” in C&G have to face the facts that “one stop shop” is a necessity. People’s time is more valuable than ever. If you don’t mind share my thoughts and help grow my audience.
Wawa, Inc. has revealed plans to open?40 new convenience stores?in central Pennsylvania over the next five years, according to a company announcement. This year, that includes an undisclosed number of locations in Middletown, York, Dover, Williamsport, Hanover and Enola. Wawa also plans to bring up to 12 locations by the end of 2025 to Cumberland, Dauphin, Franklin, Lycoming, Northumberland, Union and York counties. https://lnkd.in/e4ugx_ra
Wawa to bring 40 new stores to central Pennsylvania by 2029
cstoredive.com
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Convenience store giant, Wawa, Inc., will officially break ground on its first convenience store location in Georgia this month. The company will break ground about a year and a half after announcing their plan to open 20 stores in the state this year. The announcement comes about a week after receiving approval from the Planning Board in Pooler, a town about 12 miles west of downtown Savannah. The site will include 16 fueling spaces and a 6,100 SF convenience store. Wawa’s rapid expansion plan is in full swing, with new locations proposed in Alabama, Indiana, Kentucky, North Carolina, Ohio, and Tennessee. The new stores outline the company’s goal to reach 1,800 locations by 2030. Wawa currently operates over 1,040 stores across the tri-state area, and Maryland, Virginia, Florida, and Washington D.C. If you are a buyer or seller of investment retail real estate, market knowledge of which retailers are in a rapid growth phase is crucial to maximize your investment dollars. NNN Trends is your go-to resource for updated cap rates (both nationally and regionally), comparable sales, and consumer traffic for top locations across the U.S. Check it out here: https://bit.ly/3wPf4K6 #CRE #commercialrealestate #wawa #retailrealestate #crenews
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Seems like I read about this strategy once before with retailers JCPenny, Lord & Taylor and Sears.?Look where it got them.?This strategy will also contribute to more “Zombie Malls.” https://lnkd.in/eipPHi44
Macy’s Will Close 150 Stores but Expand Bloomingdale’s and Bluemercury
https://www.nytimes.com
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7-Eleven with nearly 600 NY stores is closing 272 of these stores as the legacy companies bloodbath continues. Anyone care? Nope. Like all legacy companies and business's they brought it on themselves https://lnkd.in/ekK9Apgp And probably same in all other US States and worldwide. So if 7-Eleven closing 272 of it's around 600 New York stores that is 45%. As globally they have as of 2024 around 84,500 stores https://lnkd.in/eY8BryRq does that mean they will be closing 45% of 84500 stores which is a whopping 38025 store closures? Is 7-Eleven doomed? Probably! For nearly 40 years I have seen lots and lots of companies and business's get into a terrible mess and shut down or find some dopey mug to acquire their mess. #RIP to all bad+toxic legacy companies & business's full of bad+toxic people. The world will Not miss you. We need a new start. I am a very-experienced high-performance smart real-brilliant non-toxic good-character great-quality best-of-the-best person that in close to 40 years has seen it all so contact me for real help. #cfo #ceo #cio #coo #economy #finance #executive #news
Company With 600 New York Stores, Closing Nearly 300 Locations
hudsonvalleypost.com
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?? Attention all professionals and industry insiders: Carpetright has announced the closure of most of its shops, resulting in the unfortunate loss of nearly 1,600 jobs. This move comes as a significant development in the retail sector, highlighting the challenges faced by traditional brick-and-mortar stores in the current market landscape. As we witness this shift, let's reflect on the industry's resilience and adaptability in the face of change. Join the conversation and share your insights on the future of retail. #Carpetright #RetailSector #AdaptabilityNeeded https://ift.tt/gi7yKs0
?? Attention all professionals and industry insiders: Carpetright has announced the closure of most of its shops, resulting in the unfortunate loss of nearly 1,600 jobs. This move comes as a significant development in the retail sector, highlighting the challenges faced by traditional brick-and-mortar stores in the current market landscape. As we witness this shift, let's reflect on the indu...
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Retail expansion opportunities are on the rise in the U.S., with several major retailers planning to add new locations. Major retailers such as Aldi and Kohl’s are planning to add new locations, presenting potential leasing opportunities for agents to fill vacancies. Amidst this expansion, some retailers are trimming their footprint, as seen with Dollar Tree Inc. shutting down about 600 Family Dollar stores. ? How can ID Plans help you navigate these dynamic opportunities? Find out today at idplans.com. #retail #commercialrealestate #propertymanagement #proptech
Aldi and Others Adding Locations, Family Dollar and Others Closing Them, 5 On-Trend Trades and More
icsc.com
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Dollar Tree to Close 1,000 Stores Nationwide March 13, 2024 CHESAPEAKE, VA. — In its fourth-quarter fiscal 2023 results released today, Dollar Tree Stores (NASDAQ: DLTR) announced that it plans to close approximately 970 underperforming Family Dollar stores. In addition, Chesapeake-based Dollar Tree identified approximately 30 underperforming Dollar Tree stores for closure. Roughly 600 Family Dollar Stores are slated to close in the first half of fiscal 2024, with about 370 Family Dollar locations and the 30 Dollar Tree locations set for closure at the end of each store’s current lease term. Continue reading: https://lnkd.in/eGET9nVz #CRE #Retail #Southeast #TopStories #Virginia #CommercialRealEstate
Dollar Tree to Close 1,000 Stores Nationwide
https://rebusinessonline.com
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Big Lots Files for Bankruptcy; LL Flooring To Close Additional Stores In the “Weekly US and UK Store Openings and Closures Tracker 2024” reports, Coresight Research explores the retail landscape to bring you the latest data and developments on major players’ store footprints. The latest report, for week 37 of 2024 (ended September 13), includes updates from Alimentation Couche-Tard, Big Lots, Dollar Tree Stores, LL Flooring and other retailers. Data in this research report include: ? Week-by-week comparisons of announced store closures and openings in the US and the UK—2024 vs. 2023 ? Major US and UK store closures and openings, 2024 ? Major US and UK retail bankruptcies—2024 and 2023 Understanding store trends is crucial for making informed strategic decisions and staying ahead of market dynamics. Subscribe to access this report: https://lnkd.in/dZkBfMup This premium report is available exclusively to subscribers. Not a subscriber? Send us a DM to become one. #USretailmarket #UKretailmarket #storecount #expertanalysis
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