Jeff Green Partners Archives: Retail
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26 February 2009
Fortunoff Begins Liquidation
The final nail is in the coffin for Fortunoff. The sale will continue until all merchandise is liquidated. So, what was Fortunoff’s downfall? I believe it was an ill-defined brand. Being known as they were for such varied merchandise as jewelry, home furnishings and outdoor furniture, Fortunoff’s model was one of a specialty department store, [...]
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4 February 2009
Big Box Vacancies
Big box vacancies are increasing exponentially. The following article from the St. Louis Post Dispatch does a great job of framing the issue and suggesting some alternative (and VERY creative) reuses.
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2 February 2009
Macy’s Huge Lay Off
I don’t get it. How can Macy’s cut 7,000 employees by only closing 11 stores. It doesn’t make sense. I am on watch for a second round of Macy’s store closings.
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26 January 2009
Home Depot to Close Expo, Yardbird’s and HD Bath
Hot off the press…It was just announced that Home Depot is closing all their peripheral brands, about 48 stores in all. Closing will be all remaining Expo, Yardbird’s and HD Bath Locations.
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26 January 2009
Kansas City Retail Market
I spent a few days last week in the Kansas City market. First of all, it is one of the nicest markets in the US, especially the area around Country Club Plaza. Retail on the whole is performing well in the market. The most successful retail properties seem to be Town Center at Leawood and [...]
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16 January 2009
Circuit City to Liquidate
Sad to say, there is no surprise here. What is frightening is the number of power center vacancies due to the recent liquidations: Goody’s, Linens ‘N Things and now Circuit City. And are there any growing specialty box tenants to take their place?
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7 January 2009
Holiday Retail Sales
I had the chance to address holiday sales on Money for Breakfast December 26th. MasterCard Spending Pulse Unit was already reporting that December sales through Christmas Eve were down 8% over 2007. That’s sales! The bigger question is what does this mean for profits? As I mentioned in the segment, this could equate to profits [...]
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18 December 2008
Best Buy 3Q Results
Best Buy’s 3Q results came out Tuesday morning. I was pleasantly surprised to see their results were higher ($0.35/share) than Wall Street’s estimation ($0.24/share). I had the opportunity to discuss Best Buy and their earnings on Tuesday morning’s Money for Breakfast. We all thought the numbers were good. However, I found in later reports, many [...]
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11 December 2008
Cyber Monday
Ok. So, I told you I’ve been busy! I was on “Money for Breakfast” on Fox Business News again on Cyber Monday to discuss sales expectations for the biggest online shopping day of the year. At the time, I predicted a sales increase of at least 7 percent. Turns out sales increased by a whopping [...]
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11 December 2008
Black Friday
Wow! What a busy few weeks it’s been! I’ve been away from my blog too long, but not because I was vacationing on some remote island basking in the sun and sipping margaritas. No way! I’ve actually been working! On Black Friday, I had the opportunity to appear on the Fox Business News morning program [...]
