Monday, August 21, 2017

New England Retail News

Target held the grand opening of its fourth Boston area small-format store in the former Shaw’s at Redstone Plaza in Stoneham, MA…The TJX Companies debuted HomeSense, its new off-price home store concept, in August in Framingham, MA.  Three additional stores are planned by the end of 2017, two in NJ and one in Westwood, MA. HomeSense will complements its sister chain, HomeGoods, with expanded selections of large-scale furniture, lighting and art. As of April 29, 2017, TJX operated over 3,800 stores (see Accelerating News above)... Outerwear retailer Canada Goose plans to open a retail store at the Prudential Center in Boston this fall. Canada Goose merchandise can already be found at 11 Massachusetts retailers, but there are no company-owned stores in New England…Local restaurant 110 Grill, with 8 existing locations including 6 in Massachusetts and 2 in New Hampshire, plans to open at least four additional locations by the end of 2017 and six in 2018... Amazon is expanding its physical footprint in the Boston area with a pickup location at 870 Commonwealth Ave. near Boston University. Customers can pick up or drop off items at the location, a few doors down from a small-format Target store. Amazon’s announcement heralded the opening of 5 Instant Pickup spots near college campuses in California, Ohio and Maryland…Wegmans plans to hire 550 employees for its store in the Natick Mall, scheduled to open next spring. The Natick Wegmans, in a former J.C. Penney store, has direct access to the mall and will house the 134,000 s/f supermarket on two floors, including more than 100 seats for in-store dining. Another 12,500 square feet on the second floor will feature two restaurants. Wegmans is also seeking a tenant for a 45,000 s/f third floor space in the building.

No comments:

Post a Comment