Walmart is thinking small in a big way. The brand recently announced that they intend to open 100 Neighborhood Market stores in 2013, with plans to open 500 by 2016. It’s clear that Walmart is embracing the “right-sizing” model that so many retailers are moving toward recently, but I also think this is a strategic […]
Archives for March 2013
It’s official: Nordstrom Rack to open near planned mall
It’s official: Nordstrom Rack to open near planned mall Justine Griffin/Sarasota Herald-Tribune Seattle-based Nordstrom Inc. confirmed plans Thursday that were previously reported by the Herald-Tribune to open a Nordstrom Rack at the Shoppes at University Center. The 35,000-square-foot store is scheduled to debut in fall 2013 in the property owned by Benderson Development Co. “We’re […]
New Saks will mean a gap at Southgate SARASOTA: Luxury retailer confirms
New Saks will mean a gap at Southgate SARASOTA: Luxury retailer confirms Justine Griffin/Sarasota Herald-Tribune Saks Fifth Avenue announced plans late Thursday to close its Westfield Southgate Mall store late next year, ending months of speculation about the luxury retailer’s future in Sarasota. Saks, which plans to open a new, larger department store to anchor […]
Nordstrom presence near mall expected
Nordstrom presence near mall expected Justine Griffin/Sarasota Herald-Tribune In what could be a forerunner of major new and more upscale retail to the area, Nordstrom Rack is expected to take over the former Circuit City space across from the planned Mall at University Town Center, nearby tenants say. If the Seattle-based merchant occupies the Benderson […]
Office Surprise
The recent announcement of the merger between office supply giants OfficeMax and Office Depot came as a big surprise with little to no warning prior to the announcement. And while the move makes sense for both entities, I think that there are still challenges ahead on the road to a successful merger and, perhaps even […]
