Justine Griffin/Tampa Bay Times – Safeway grocery stores are coming to Florida. The three remaining Albertsons grocery stores in Florida — in Largo, Altamonte Springs and Fort Lauderdale — will be remodeled this year and converted into Safeway stores, Albertsons Companies announced Monday. The parent company of both brands, Albertsons Companies, is investing nearly $10 million […]
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Macy’s to Close More Stores, Seek Partnerships
Gail Kalinoski/Commercial Property Executive – Hours after Macy’s announced its store in the Irvine Spectrum Center was closing, the Irvine Company released plans for a major $150 million reinvestment plan. Hours after Macy’s announced its store in the Irvine Spectrum Center was one of 40 closures, the Irvine Company released plans for a major $150 million […]
The Big Reason You Once Went to the Mall Is Rapidly Disappearing
Brad Tuttle/Time (Money) – Middle-class shopping tastes have changed, big time. It probably won’t shock shoppers to learn that any day now, Macy’s is expected to announce the locations of 40 stores it will close in early 2016. What may come as a bit of a surprise, though, is that the closures probably represent only the […]
Holiday Shopping 2015: Consumers buying less expensive gifts
Joyce M. Rosenberg/Associated Press – Cheap is the new chic for holiday gifts. Jana Montero, who has in the past bought loved ones iPods and tablets for Christmas, has changed her attitude about gift giving: This holiday season, she’s grabbing candle sets and serving dishes that cost under $30 to give to family and friends. Montero, […]
Retailers expect crowds bigger than Black Friday on upcoming Super Saturday
Justine Griffin/Tampa Bay Times – Waiting until the eleventh hour this weekend to wrap up holiday shopping? You’re not alone. And this year, procrastination is paying off for some. “Super Saturday,” or the last Saturday before Christmas, is expected to eclipse Black Friday and become the busiest shopping weekend of the year, retail analysts say. That’s because […]
Dealing with it
Melonie Messina/Chain Store Age – If there was a single theme at the recently concluded ICSC Deal Making Conference in New York City, it was “possibilities.” New projects, new ideas, new trends and a sense of optimism were on display. The annual conference is not only a (self-described) “great opportunity for owners, developers, retailers, brokers, lenders, […]
