Justine Griffin/The Tampa Bay Times – Betty Duffey has a half-dozen several grocery stores vying for her business near her neighborhood in southern Pinellas County. Publix Supermarkets is 2.5 miles down the road and she’ll pass by a Winn-Dixie and a Walmart Neighborhood Market on the way there. Two miles in the other direction is an Aldi […]
Archives for January 2017
Closings: What’s taking out some of your favorite Valley stores
Bethany Clough/The Fresno Bee – The graveyard of stores keeps growing. At least four stores – from national names to locally owned places – are closing in the central San Joaquin Valley. More closures are happening nationwide at stores like Sears, Macy’s and CVS and retail experts say more are coming. So what gives? Why is […]
Real estate chiefs assess lay of the land in 2017
Al Urbanski/Chain Store Age – The winds are turbulent in physical retail, and gusting in from several directions. Department store anchors in place for decades are closing shop. The sons and daughters of the suburbs are fleeing to cities or, if not, are demanding more cosmopolitan experiences at traditional malls. Online sellers, though still accounting for […]
Wal-Mart’s first training academy in Pa. opens near Lehigh Valley
Anthony Salamone/The Morning Call – Chris Dunn has worked in various jobs with Wal-Mart, rising through the ranks from stock clerk to assistant manager in his 16 years with the mass merchandiser. These days, however, he wears a new ID tag on his blue vest: “Academy Facilitator 1.” Wal-Mart on Tuesday celebrated the grand opening of […]
How Does Big Retail Fallout Affect The Valley?
Mark Brodie/WJZZ Phoenix – Over the past couple of weeks, we’ve heard about Macy’s closing 68 of a planned 100 stores across the country and The Limited closing all 250 of its stores. With some big retailers downsizing, we wanted to get a sense of the landscape for the Valley. To do that, I’m joined […]
‘Challenging Retail Environment’ Prompts Macy’s, Sears to Shutter Stores
John Nelson & Katie Sloan/Midwest Real Estate News – Macy’s Inc. (NYSE: M) and Sears Holdings Corp. (NASDAQ: SHLD) both announced on Wednesday plans to close a large number of department stores in an effort to improve their long-term operating performance. Macy’s will close 68 stores and Sears will close 150 non-profitable stores comprising 109 Kmart […]