Thursday, May 16, 2013

Industry News: Decelerating

7-Eleven Inc. tapped NRC Realty & Capital Advisors to help sell 139 convenience stores and/or gas stations. Of the properties, 83 are in Texas, 31 in Florida, 11 in Ohio, 8 in Pennsylvania, 5 in Utah and 1 in Wisconsin. The property sizes range from 10,000 to 75,000 s/f, and store sizes vary from kiosks to 6,700 s/f...The Jones Group Inc. will shutter 170 underperforming US stores by mid-2014. The stores identified for closure include 50 units previously announced in the fourth quarter. Jones owns the Nine West, Jones New York and Anne Klein banners among others.

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