Shawn Massey, CCIM, SCLS

Weekly CRE and Retail Article Round-Up – November 21st, 2012

I hope everyone has a wonderful Thanksgiving Holiday!

http://www.bizjournals.com/memphis/news/2012/11/16/inaugural-building-memphis-puts-spot.html

Inaugural Building Memphis puts spotlight on local development projects

TOP RETAIL NEWS

Retail Sales in U.S. Decrease for First Time in 4 Months

NOVEMBER 14, 2012, Retail sales fell in October as American consumers pulled back after a three-month shopping spree and superstorm Sandy slammed into the East Coast, shutting malls and auto showrooms.

The 0.3 percent drop followed a 1.3 percent increase in September that was larger than previously reported, Commerce Department figures showed today in Washington. While it was able to collect information from the affected area, the agency said it couldn’t quantify the impact of the biggest Atlantic storm.

Retail imports to increase 5.9% in November despite superstorm

NOVEMBER 14, 2012 Washington, D.C. — A report released Tuesday by the National Retail Federation and Hackett Associates said that import cargo volume at the nation’s major retail container ports is expected to increase 5.9% in November despite the temporary closure of some ports by superstorm Sandy.

According to the monthly Global Port Tracker report, U.S. ports followed by Global Port Tracker handled 1.42 million Twenty-Foot Equivalent Units in September, the latest month for which after-the-fact numbers are available. That was the same as August but up 3.3% from September 2011. One TEU is one 20-ft. cargo container or its equivalent.

Apparel Stores

Hot Topic Q3 profit leaps 38%

NOVEMBER 15, 2012 City of Industry, Calif. — Hot Topic Inc. reported Wednesday that profit for the third quarter jumped 38% to $4.3 million, from $3.1 million in the year-ago quarter.

Revenue edged up 2% to $179.4 million from $175.8 million, missing Wall Street’s expected $182.9 million in revenue. Same-store sales rose a slight 0.2%.

Limited’s Q3 profit dips, but beats view

NOVEMBER 15, 2012 Columbus, Ohio — Limited Brands Inc. reported Thursday that net income for the quarter ended Oct. 27 dropped to $73.4 million from $94.3 million in the same quarter last year. Results still managed to beat Wall Street expectations.

Limited, which also owns Victoria’s Secret and Bath & Body Works, saw sales slip 5.7% to $2.05 billion from $2.17 billion, but results matched analysts’ forecasts. Same-store sales climbed 5%.

Gap ups outlook on strong Q3

NOVEMBER 15, 2012 San Francisco — Gap Inc. raised its outlook for the year after reporting better-than-expected net income for the third quarter on growing sales. It was the latest sign that the long beleaguered chain may be finally entering a turnaround.

For the three months ended Oct. 27, the company said it earned $308 million, compared with $193 million in the year. For the quarter, net sales rose about 8%, to $3.86 billion, the company. Same-store sales rose 6% in North America. The metric increased 7% at Gap, 6% for Banana Republic and 9% for Old Navy.

Bon-Ton narrows loss

NOVEMBER 15, 2012 York, Pa. — Bon-Ton Stores narrowed its fiscal third-quarter loss narrowed partly on lower expenses.

For the period ended Oct. 27, Bon-Ton lost $10.1 million, compared with a loss of $22 million a year earlier. Revenue rose 2% to $668.7 million from $656.1 million. Same-store sales rose 1.9%.

Abercrombie and Fitch profit surges in Q3, raises outlook

NOVEMBER 14, 2012 Columbus, Ohio — Abercrombie and Fitch reported Wednesday net income of $71.5 million for the third quarter, compared with $50.9 million in the year-ago period and beating Wall Street expectations. The retailer is forecasting annual earnings above analysts’ estimates.

Revenue rose 9% to $1.17 billion, boosted by a 37% rise in international sales. Same-store sales dipped 3%.

Saks reports double-digit Q3 profit growth, beats Street

NOVEMBER 13, 2012 New York — Saks Inc. reported Tuesday that net income for the third quarter climbed 27.2% to $22.6 million, compared with $17.8 million in the same period last year. Results surpassed analysts’ expectations.

Revenue edged up 3% to $713.2 million, widely missing Wall Street’s expected $762.6 million in revenue. Same-store sales rose 3.3%.

TJX Q3 profit rises, forecasts falls short

NOVEMBER 13, 2012 Framingham, Mass. — TJX Cos. reported Tuesday that net income for the quarter ended Oct. 27 rose to $461.5 million, from $406.5 million last year.

Sales rose 10.7% to $6.41 billion; same-store sales climbed 7%. The parent to T.J. Maxx and Marshalls said it expects same-store sales during the holiday quarter to be flat to up 2%.

Aeropostale Acquires Online Fashion Footwear and Apparel Retailer

NEW YORK, NOVEMBER 13, 2012,  Aeropostale, Inc. a mall-based specialty retailer of casual and active apparel for young women and men, today announced that it has acquired online women’s fashion footwear and apparel retailer GoJane.com (“GoJane”).

Based in Ontario, California, GoJane is a rapidly growing women’s fashion retailer, with an extensive footwear assortment and a select offering of fashion apparel and accessories. The Company was founded in 1998 by Tony Pang and Kurt Kimura, and generated approximately $19.0 million in revenue in Fiscal 2011.

Department Stores

Ross Stores profit rises 11% in Q3, sales miss

NOVEMBER 15, 2012 Pleasanton, Calif. — Ross Stores Inc. reported Thursday that net income rose 10.8% to $159.5 million in the third quarter, compared with $144 million a year earlier.

Revenue rose 10.6% to $2.26 billion, missing Wall Street’s expected $2.34 billion in revenue. Same-store sales climbed 5%. The retailer has reaffirmed its guidance for the fourth quarter.

Sears loss widens

NOVEMBER 15, 2012 Hoffman Estates,Ill. — Sears Holdings Corp.’s third-quarter loss widened amid declining sales and higher tax expenses.

For the quarter ended Oct. 27, Sears reported a loss of $498 million, compared with a year-earlier loss of $421 million. Revenue slipped 5.8%, to $8.86 billion, primarily due to the effect of having fewer Kmart and Sears stores in operation and lower domestic comparable store sales for the quarter.

Sears Canada narrows loss in Q3

NOVEMBER 13, 2012 Toronto — Sears Canada Inc. reported Tuesday a loss of $21.85 million, compared with a loss of $44 million in the same period last year.

Revenue dropped 6.8% to $1.04 billion, and same-store sales slid 5.7%.

Dillard’s sales jump in Q3

NOVEMBER 12, 2012 New York — Dillard’s third quarter merchandise sales for the quarter ended Oct. 27 increased 4% to more than $1.4 billion, same-store sales increased 5% and operating profits increased 84% to nearly $73 million. Gross margins expanded 40 basis points to 37.1% and same-store inventory levels were down 1%.

J.C. Penney posts huge Q3 loss

NOVEMBER 9, 2012 Dallas — J.C. Penney Co. Inc. on Friday reported a 26.1% decline in third-quarter same-store sales, more than the 17.9% that Wall Street analysts were expecting.

Overall sales fell 26.6% to $2.93 billion. Internet sales fell 37.3% to $214 million. The company said that its net loss narrowed to $123 million in the third quarter ended Oct. 27, from $143 million a year earlier. The loss was wider than analysts had expected.

Electronic Stores

GameStop to close 200 stores

NOVEMBER 15, 2012 New York — GameStop plans to close 200 stores by next year, Bloomberg reported.

The closings were announced on a conference call, shortly after the chain reported better-than expected third-quarter results, excluding an impairment charge. For the third quarter ended Oct. 27, GameStop posted a net loss of $624.3 million after impairment and goodwill costs of $678.8 million, mostly tied to international operations. That’s compared with net income of $53.9 million a year earlier.

Home Improvement & Office Products

Staples swings to loss in Q3, beats estimates

NOVEMBER 14, 2012 Framingham, Mass. — Staples Inc. reported Wednesday a loss of $596.3 million for the third quarter, compared with a profit of $326.4 million a year earlier. Without restructuring costs, the office supply retailer generated a profit that just edged Wall Street expectations.

Sales for the quarter dropped 2% to $6.35 billion, missing analysts’ expected $6.45 billion in sales.

Home Depot Q3 profit tops estimates

NOVEMBER 13, 2012 Atlanta — An improved housing market boosted Home Depot in its latest quarter, as the home-improvement retailer reported Tuesday that net income for the third quarter rose to $947 million from $934 million in the year-ago period.

Revenue climbed 4% to $18.13 billion, edging Wall Street’s estimated $17.92 billion in revenue. Same-store sales rose 4.3% in the U.S. and 4.2% overall.

Home Depot opens 100th location in Mexico

NOVEMBER 12, 2012  Home Depot has opened its 100th location in Mexico, according to an article in El Financiero. The Atlanta-based retailer now operates 95 stores in 60 cities in Mexico, where it generates annual revenues of $1 billion, the newspaper said.

In the final quarter of 2012, Home Depot will open stores in the towns of Coahuila, Sonora, Veracruz, Michoacán and Nuevo León.

West Elm to make Indiana debut

NOVEMBER 12, 2012 Brooklyn, N.Y. — West Elm, a division of Williams-Sonoma, announced that it will open store in Indianapolis on Nov.15.

Located in The Fashion Mall at Keystone, it will be the first West Elm in Indiana. Through a partnership with Etsy, the store will feature a locally made collection of decorative accessories from artists in the Indianapolis area.

Restaurant

Checkers opens restaurant in Walmart as part of resurgence in growth

NOVEMBER 14, 2012, he Tampa-based burgers and fries chain this week opened a location inside the Walmart Supercenter at 3801 Tampa Road in Oldsmar. It’s the first nationwide and part of Checkers’ resurgence after years of sluggish sales. Another is planned for a Walmart store in Haymarket, Va.

“We’ve had a really strong run in the last 2 ½ years,” said Taylor Warner, vice president of real estate, construction and company development. “We were once known as a double drive-through concept. Now we have a full portfolio of designs that have translated into a lot of interest.”

Papa John’s hit with $250M class-action lawsuit

NOVEMBER 13, 2012,  A U.S. District Court judge in Seattle has certified a class-action lawsuit against Papa John’s International Inc., calling for as much as $250 million in damages for the alleged transmission of 500,000 text messages to consumers who claim they did not consent to receive such texts.

Three named Papa John’s customers and potentially many more are suing the Louisville, Ky.-based operator or franchisor of 4,000 Papa John’s Pizza restaurants for allegedly violating the Telephone Consumer Protection Act.

Arby’s(R) Inks 42-Unit Refranchising Deal With Veteran Restaurateur, Tony Lutfi

ATLANTA, NOVEMBER 13, 2012 Arby’s Restaurant Group, Inc., franchisor of the iconic quick-service sandwich chain with more than 3,400 system-wide Arby’s restaurants, announced today the sale of 42 company-owned locations and development rights in Seattle, Wash., and Portland, Ore., to proven restaurateur, Tony Lutfi. In addition to remodeling at least 17 restaurants purchased in the Seattle/Portland market, Lutfi committed to building five new Arby’s locations over the next several years.

A 33-year restaurant veteran, Lutfi already owns and operates 78 restaurant franchises with Arby’s, Jack in the Box, Church’s Chicken, Sizzler and Little Caesars, along with 14 Sears Home Appliance Showrooms. Lutfi, CEO and President of Sacramento-based Marlu Investment Group, is no stranger to the 48-year-old quick-service sandwich chain, having franchised the concept in the early 1990s in Northern California.

Dollar Stores, Warehouse Club & Other Retailers

Buckle Q3 profit rises 9%

NOVEMBER 15, 2012 Kearney, Neb. — The Buckle reported Thursday that net income for the quarter ended Oct. 27 rose 9% to $41.9 million, boosted by online strength and higher same-store sales.

Overall revenue rose 4% to $284.1 million, beating Wall Street’s predicted $282.8 million. Same-store sales climbed 2.4%.

Six Former Quik-Way Stores Sold in North Texas

NOVEMBER 13, 2012, SAN DIEGO — Six former Quik-Way convenience stores and gas stations in north Texas were sold in a transaction worth more than $3.5 million. Trigild Inc., which specializes in management and receivership of commercial real estate assets and operating businesses, closed the sale today.

San Diego-based Trigild was appointed receiver of the former Quik-Way stores in late 2011 and facilitated the sale with Dallas-based Annandale Real Estate, which auctioned the properties on June 28, 2012, Trigild stated. Two groups purchased the properties, with one group buying two sites and the other buying four. Four of the sites located in Sherman, Denison and Howe were Chevron- branded, and the others were Shell-branded; all have full c-store operations, according to the announcement.

Dick’s Sporting Goods Q3 profit jumps 21%

NOVEMBER 13, 2012 Pittsburgh — Dick’s Sporting Goods reported Tuesday that net income for the quarter ended Oct. 27 surged 21% to $50.1 million, compared with $41.5 million in the same period last year. The retailer cited strong online sales for the improved performance.

Revenue rose 11% to $1.31 billion, just edging Wall Street’s expected $1.3 billion, and same-store sales rose 5.1%. Online sales soared 46.7% in the quarter, comprised of a 3.9% jump at namesake stores and a 2.3% increase at Golf Galaxy.

We do not send unsolicited emails.  Please accept our apologies if you received this in error.  If you do not wish to receive future information please contact ataf@marcusmillichap.com. Our Group does not guarantee the accuracy, relevance, timeliness, or completeness of this information.
Reprinted with permission, chainstorage.com, copyright,  Lbhar-Friedman Inc,  425 Park Avenue, NY , NY 10022

 Al Taf
http://urbanland.uli.org/Articles/2012/Nov/NyrenRenew
Sustainable Development Outlook

http://www.wmctv.com/story/20108712/commercial-real-estate-recovery-may-accelerate-in-second-half-of-2013-according-to-jones-lang-lasalle

Commercial Real Estate Recovery May Accelerate in Second Half of 2013 According to Jones Lang LaSalle

http://blog.jpkreiss.com/?p=1052&goback=%2Egde_2335322_member_186554854

Cold Calling Never Beats Sex

http://retailtrafficmag.com/news/retail_industry_expecting_strong_holiday_season_11152012/?NL=NREI-11&Issue=NREI-11_20121117_NREI-11_235&YM_RID=shawnm@theshoppingcentergroup.com&YM_MID=1353560&sfvc4enews=42

Retail Industry Expecting the Strongest Holiday Season in Years in 2012

http://nreionline.com/news/scott-chaplan-urban-group-of-companies-los-angeles-inner-city-sustainable-profitable-development/?NL=NREI-11&Issue=NREI-11_20121117_NREI-11_235&YM_RID=shawnm@theshoppingcentergroup.com&YM_MID=1353560&sfvc4enews=42

Doing Well, Doing Good—and Doing Green

http://corporaterealestategroup.com/2012/11/17/the-15-invaluable-laws-of-growth-live-them-and-reach-your-potential/

“The 15 Invaluable Laws of Growth.”

http://www.retailrealestatelaw.com/2012/11/how-should-a-landlord-respond-to-a-lenders-request-for-a-consent-and-lien-waiver-should-a-tenant-care/?goback=.gde_126357_member_187075084

How Should A Landlord Respond To A Lender’s Request For A Consent And Lien Waiver; Should A Tenant Care?

http://creoutsider.com/2012/11/critiquing-cre-websites-part-4/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+CREOutsider+%28CREOutsider%29

Critiquing CRE Websites Part 4

http://cbcworldwide.com/pdf/2012NREIWhitePaperTechnology.pdf

Tech-Driven Transformation

TECHNOLOGY USAGE & INVESTMENT GROWS

http://www.bizjournals.com/memphis/print-edition/2012/11/16/gen-x-clothing-taps-austin-peay-plaza.html

Gen X Clothing taps Austin Peay Plaza

http://creoutsider.com/2012/11/critiquing-cre-websites-part-3/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+CREOutsider+%28CREOutsider%29

Critiquing CRE Websites Part 3

http://www.bizjournals.com/memphis/news/2012/11/15/shopping-center-group-ceo-birnbrey-on.html

Shopping Center Group CEO Birnbrey on current retail landscape

http://www.memphisdailynews.com/news/2012/nov/16/gen-x-inks-states-first-location-on-austin-peay/

Gen X Inks State’s First Location on Austin Peay

http://www.cbsnews.com/8301-505245_162-57550381/sally-beauty-4q-adj-profit-beats-streets-view/

Sally Beauty 4Q adj. profit beats Street’s view

http://www.qsrweb.com/article/203741/Chick-fil-A-named-consumer-favorite

Chick-fil-A named consumer favorite

http://link.retailtrafficmag.com/u.d?WYGrz2G3yvSpWR8Ij9xh=51&s=shawnm@theshoppingcentergroup.com&YM_2MID=1352886&sfvc4enews=42

Retail Industry Expecting the Strongest Holiday Season in Years in 2012

http://blog.retailtrafficmag.com/retail_traffic_court/2012/11/12/j-c-penneys-holiday-strategy-hit-or-miss/?NL=RET-01&Issue=RET-01_20121115_RET-01_212&YM_RID=shawnm@theshoppingcentergroup.com&YM_MID=1352886&sfvc4enews=42

J.C. Penney’s Holiday Strategy: Hit or Miss?

http://blog.nreionline.com/nrei-writes/2012/11/13/retail-banking-2020-the-future-of-the-branch-network-is-digital/?NL=RET-01&Issue=RET-01_20121115_RET-01_212&YM_RID=shawnm@theshoppingcentergroup.com&YM_MID=1352886&sfvc4enews=42

Retail Banking 2020: the Future of the Branch Network is Digital

http://www.arkansasbusiness.com/article/89154/commercial-flurry-continues-in-bentonville

Commercial Flurry Continues in Bentonville

http://www.smartbrief.com/news/nareit/storyDetails.jsp?issueid=B2DC6F97-CE63-4C26-AE27-8B68F8D7FF1C&copyid=55CA001B-0CE2-41B2-9E59-57A07FF64264&campaign=linkedin&ref=linkedin55CA001B-0CE2-41B2-9E59-57A07FF64264&goback=%2Egde_2919153_member_187953224

Big-box retailers go all out to win back Internet buyers

http://retailtrafficmag.com/news/coffee_wars_continue_11202012/?NL=RET-01&Issue=RET-01_20121120_RET-01_281&YM_RID=shawnm@theshoppingcentergroup.com&YM_MID=1354187&sfvc4enews=42

The Coffee Wars Continue

http://blog.retailtrafficmag.com/retail_traffic_court/2012/11/16/gamestop-closing-200-stores/?NL=RET-01&Issue=RET-01_20121120_RET-01_281&YM_RID=shawnm@theshoppingcentergroup.com&YM_MID=1354187&sfvc4enews=42

GameStop Closing 200 Stores

http://www.forbes.com/sites/caroltice/2012/11/16/tasty-new-restaurants-big-brands-are-cooking-up/?NL=NRN-02_&Issue=NRN-02__20121119_NRN-02__185&YM_RID=forgrieve@gmail.com&YM_MID=1352950&sfvc4enews=42&goback=%2Egde_1870430_member_187469780

Where You’ll Eat Next: The Tasty New Restaurants Big Brands Are Cooking Up

http://www.ccim.com/newscenter/249653/2012/11/20/fiscal-cliff-and-commercial-real-estate?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+ccim-newscenter+%28CCIM+Newscenter+Feed%29

Fiscal Cliff and Commercial Real Estate

Terranomics   Retail Newsline
Week Ending November 18, 2012

I had the   pleasure of giving my 2013 retail forecast to a large webinar audience this   past Friday and was able to share what I see coming down the pike for retail   real estate in the coming year. This is actually a bit of a preview of a   report that we will be releasing with the ChainLinks Retail Advisors group   after the Thanksgiving holiday. This report will look at how trends in the   greater economy will play out for shopping centers in the months to come, but   it is not to be confused with the report that we released today. The   ChainLinks Retail Advisors Fall 2012 U.S. National Retail Investment Report   covers investment trends for shopping centers, drug stores, fast food and big   box retail buildings across the country and includes current average cap rate   and pricing trends both nationally and across the various regions of the   U.S., as well as lists some of the top deals that have taken place in 2012   with an analysis of bigger picture trends. You can access this report here,   although if you are on this list, you will be receiving a separate   announcement of the report’s release shortly if you have not received it   already. In the meantime, look for our 2013 Forecast report after the   holiday, and if you would like a copy of my forecast presentation in the   meantime, feel free to drop me a line and I will send you a copy.

Black Thursday continues to evolve. Walmart has moved its opening time up to   8 PM on Thanksgiving evening. Target has entered the fray and will open at 9   PM. Meanwhile, Kmart has hopscotched over everyone—announcing that they are   opening at 6 AM on Thanksgiving morning. Who would show up that early—before   the turkey has even been put in the oven—you may ask? Anyone who wants to get   a 40” TV for less than $190 bucks… that’s who.

The National Retail Federation (NRF) released some astounding numbers after   last year’s Black Friday Weekend (BFW). Last year (2011), the NRF reported   that 226 million shoppers were active over the course of BFW—this compares to   212 million in 2009. But the more surprising number was that this; the NRF   says that only 3% of all active BFW shoppers engaged in midnight shopping in   2009. By last year, this metric had increased to nearly 1/4th of   all active BFW shoppers. When I first heard this statistic last year, I   really didn’t completely believe it. It just seemed too drastic an increase   in only two years. Plus, I was letting my judgment be clouded by the fact   that I personally have no desire at all to engage in midnight shopping. Maybe   I’m just too old, or maybe I just don’t have any pressing needs for any   additional consumer electronics at the moment. Regardless, those statistics   just seemed a little exaggerated to me.

But I believe them now wholeheartedly. Why? Because Best Buy is already   reporting shoppers camping out in front of some of their stores more than   three and a half days in advance of their scheduled midnight Black Friday   opening time. One location in Tampa reports shoppers that have been camping   out since last Monday. Some Best Buy locations in the Los Angeles area are   expecting the number of customers in line to possibly reach as high as 5,000   before their Friday midnight opening. Why? Laptops for less than $200 to   start. Retailers are using doorbusters, loss leaders and extreme discounts to   radically change consumer behavior as they attempt to build a new holiday   tradition in America. I have no problem with that, no one is twisting   anyone’s arms to go out and shop earlier. But let’s just hope that the   retailers encouraging this trend with their extreme loss leaders will also   appropriately invest in security and crowd control personnel this year.   Otherwise, the combination of huge crowds, long waits, heightened   anticipation and a limited supply of the most heavily discounted deals could   prove to be a recipe for disaster.

– Garrick H. Brown

Garrick Brown
Research   Director, Terranomics
916.329.1558
gbrown@terranomics.com
Terranomics Top FiveBlack   Friday on Thanksgiving? Yep, it’s Happening…
San Diego Union Tribune 11.18

Retail   imports to increase 5.9% in November despite superstorm
Chain Store Age 11.14

Retail Sales in U.S. Decrease for First Time in Four Months
Bloomberg 11.14

Consumers   increasingly optimistic about economy
Chain Store Age 11.13

Study:   Consumers ready to splurge on luxury items
Retailing Today 11.13

The Big Picture

RetailMeNot   survey: Most shoppers plan to spend same or more on Black Friday
Chain Store Age 11.16

Deloitte   Consumer Spending Index rose sharply in October
Chain Store Age 11.16

Black   Thursday? Stores to open even earlier on Thanksgiving.
Washington Post 11.15

Up to 147 Million Shoppers to Visit Stores, Shop Online Black   Friday Weekend
National Retail Federation 11.15

Gift Cards   Skyrocketing in Popularity for Holidays
Convenience Store News 11.15

Retail Industry Expecting the Strongest Holiday Season in   Years in 2012
Retail Traffic 11.15

Retailers   Preference for Strongest Locations Complicate Retail Property Recovery
Costar 11.14

Survey: Men Are Smart Shoppers
Supermarket News 11.13

Hong Kong Tops New York as Most Expensive Retail Location
Bloomberg 11.13

Times   Square Boasts Robust Retail
Globe Street 11.12

Retailer Roundup

PGA   Tour to open first Northeast location
Chain Store Age 11.16

Casual   Male Retail Group repeats loss in Q3; speeds up opening of DXL stores
Chain Store Age 11.16

Gen X Inks State’s First Location in Memphis on Austin Peay
Daily News 11.16

Grocery   Grab BagWal-Mart launches food subscription service
Boston.com 11.14

The   Restaurant ReviewChick-Fil-A Takes the Title of America’s No. 1 Chicken Chain
QSR 11.14

Corner   Bakery Café expanding in the Northeast
Chain Store Age 11.12

Upscale breakfast chain,   Another Broken Egg, eyeing Louisville
Business First 11.12

Bankruptcy/Closure WatchHostess Brands to Go Out of   Business
Convenience Store News 11.16

Upper   Crust closes 10 units amidst bankruptcy battle
Pizza Marketplace 11.15

GameStop   to close 200 stores
Chain Store Age 11.15

150   leases of Bakers and Wild Pair Shoes included in bankruptcy sale process
Chain Store Age 11.12

Bankrupt   Kentucky Fried Chicken franchise owner closes 29 stores… All purchased and to   re-open as Popeye’s
Redding.com 11.12

REIT/Investment Outlook

General   Growth: Slow and Steady Strategy
Globe Street 11.15

REITs   Raise $60B YTD
Globe Street 11.15

http://www.stores.org/content/gen-x-clothing-taps-austin-peay-plazaGen X Clothing   taps Austin Peay Plazahttp://blog.retailtrafficmag.com/retail_traffic_court/2012/11/15/starbucks-new-growth-vehicle/?NL=RET-02&Issue=RET-02_20121119_RET-02_811&YM_RID=shawnm@theshoppingcentergroup.com&YM_MID=1353765&sfvc4enews=42Starbucks’ New Growth Vehiclehttp://www.bizjournals.com/memphis/news/2012/11/19/memphis-retailers-brace-for-black-friday.htmlMemphis retailers brace   for make-or-break holiday season: slideshow

 

I hope you will check out future weekly commentary at

www.RetailRocksintheMidsouth.com.   If you enjoy the commentary please subscribe online.

Cheers,

Shawn

Shawn Massey, CCIM, SCLS is a partner with The Shopping Center Group a 3rd party retail real estate advisory firm in their Memphis office, an adjunct professor in the graduate real estate program at The University of Memphis and a co-founder and Chairman of the Board for the Memphis Business Academy charter schools (K-12th grade) in the Frayser area of Memphis.  

For all your retail real estate needs (tenant representation, landlord representation and property, investment & land sales) I hope that you will choose The Shopping Center Group and me to represent you and your business.  We understand that representation is a privilege and that you have a choice!

The opinions expressed in this post are entirely my own.  They should not be considered the opinion of The Shopping Center Group, LLC in which I am associated.

468 ad

Leave a Reply

Your email address will not be published. Required fields are marked *


Warning: Invalid argument supplied for foreach() in /home1/retail/public_html/wp-content/plugins/cute-profiles/processors/cute_1.php on line 25