Wednesday, August 28, 2019

Mall News

GNC plans to shutter approximately 900 stores, mostly in malls. As of June 30, GNC had approximately 8,000 locations, of which approximately 5,900 are in the US, including some 2,000 in-store shops at Rite Aid locations. There are currently GNC stores in over 800 malls…Toys “R” Us is returning with two 6,500 s/f locations at Simon’s The Galleria in Houston and at Westfield Garden State Plaza in Paramus, NJ, with additional locations in prime US retail markets expected to open in 2020. The stores are a joint venture between Tru Kids and technology retailer B8ta. Tru Kids bought the intellectual property of Toys “R” Us, including the brand names of Toys “R” Us, Babies “R” Us, and Geoffrey the Giraffe, after the chain’s bankruptcy filing and liquidation last year...The Village at Burlington (MA) Mall will welcome the next round of personal services, retail and restaurants as part of Simons’s redevelopment of the property. Caffe Nero will open  as part of phase one of the redevelopment. Additional new arrivals in the coming months include uBreakiFix cell phone repair services; Modern Acupuncture; and Gyu-Kaku Japanese BBQ ... Foot Locker is teaming with Nike to roll out interactive “Power stores”, four times as big as typical Foot Locker stores. The newest opened this month in Manhattan. The retailer plans upwards of 50 over the next 3 years. It has 3 in the US today: 1 in Detroit and 2 in Philadelphia... The holding company for Lolli and Pops candy store chain filed for Chapter 11 Bankruptcy protection in the state of Delaware, and has closed all stores, including many in malls owned by Brookfield Properties. Lolli and Pops launched in 2012 and quickly grew to 72 locations across the country. Brookfield partnered with Lolli and Pops in 2017, and has since opened 40 locations at its malls... Boston-based online furniture retailer Wayfair opened its first full-service retail store in Massachusetts at the Natick Mall this month.

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