Wednesday, October 17, 2012

Industry News: Accelerating

Macy’s, Inc. and Toys“R”Us, Inc. signed an agreement to offer Toys“R”Us Express-branded departments in 24 Macy’s stores nationwide during this year’s holiday selling season. The departments, which will operate on a leased basis, will average 1,500 s/f, and will be open for a period of about 3 months…Starbucks Coffee Co. plans to add 1,000 stores in the US during the next five years. Also, Starbucks announced that customers will be able to use Square Wallet to pay with their mobile phones at US Starbucks stores beginning in November. The chain will enable digital tipping at its US company-operated stores through both the Square and Starbucks mobile payment applications in the summer of 2013…Disney has joined other brands in setting up shop in J.C. Penney Co., with Disney children’s boutiques opening in Penney stores next fall. The in-store boutiques will feature products designed and sourced exclusively for J.C. Penney. The shops will average 750 to 1,100 s/f and sell costumes, plush toys, figurines, footwear, sleepwear, underwear, backpacks, lunch totes and apparel for boys, girls and babies…Kohl’s Department Stores announced the grand opening of 12 stores in 10 states. The company now operates 1,146 stores in 49 states. Of the 12 new locations, 11 are small format stores with approximately 64,000 s/f or less of retail space. 9 of the new stores were built according to a prototype that received Leadership in Energy and Environmental Design (LEED) certification at the Gold level from the US Green Building Council…Macy's Inc. announced that Finish Line Inc. will be the department store retailer’s exclusive athletic footwear partner, opening in-store shops in more than 450 Macy’s stores nationwide. The merchandise will also be available online at macys.com…Uniqlo opened its largest mall store in the world, in Westfield Garden State Plaza, Paramus, NJ. The two-level, 43,000 s/f store will serve as the prototype for the Japanese retailer¹s US mall expansion. The new Uniqlo joins the company’s 4 other US locations...Target Corp. opened a new retail concept, C9 Active Apparel, in San Francisco. The 3,000 s/f store is devoted to the C9 by Champion activewear brand, which was launched by Target in 2004…Wal-Mart will accelerate small-store growth to compete with dollar stores and drug stores, and plans to have 500 Neighborhood Market stores and 12 Express stores by fiscal 2016.  Wal-Mart currently operates 217 Neighborhood Markets and 10 Express stores…7-Eleven Inc. announced two acquisitions that will further expand its US store portfolio.The company has closed deals with EZ Energy USA Inc. to purchase 67 retail locations in the Cleveland and Pittsburgh markets, and with its licensee, Handee Marts Inc., to acquire 58 7-Eleven convenience stores in those same markets as well as locations in northern West Virginia and western Maryland.

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