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Mass Merchant

  • NRF: Retailers add 35,000 jobs in January

    Washington, D.C. - Retail industry employment increased by 34,800 jobs in January 2015, as retailers held on and even added to their staffs following the holiday shopping season. According to data from the National Retail Federation, monthly gains occurred in the sporting goods, non-store (e-commerce), and general merchandise store verticals.

    Total retail employment increased by 215,600 jobs on a year-to-year basis, according to NRF’s calculations, which do not include automobile dealerships, gasoline stations or restaurants.

  • A&G Realty Partners to manage sale of RadioShack stores, warehouses

    Melville, N.Y. -- A&G Realty Partners, a leading commercial real estate, advisory and investment group, has been retained by RadioShack to manage the sale of retail store leases and warehouses following the company's recent Chapter 11 bankruptcy filing.

  • British toy retailer Hamleys to open U.S. stores; JLL to facilitate rollout

    Chicago -- Famed British toy retailer Hamleys is coming across the pond. The 255-year old company, famous for has retained JLL to facilitate a multiple store roll-out throughout the United States.

  • Dollar Tree arranges financing for Family Dollar purchase

    Chesapeake, Va. - Dollar Tree Inc. is arranging financing for its pending acquisition of Family Dollar Stores Inc. To that end, Dollar Tree has priced a private offering of $$2.5 billion of senior notes due 2023 and $750 million of senior notes due 2020. The 2023 notes will bear an annual interest rate of 5.75% and the 2020 notes will bear an annual interest rate of 5.25%.

    Dollar Tree has also arranged for a $1 billion term loan with interest of LIBOR plus 2.25% and a $3.95 billion term loan with interest of LIBOR (subject to a 0.75% floor) plus 3.5%.

  • Study: Valentine’s spending to rise 4%

    New York -- Shoppers will be opening both their hearts and their wallets this Valentine’s Day. According to a new study from IBISWorld, total holiday spending will increase 3.8% from 2014, to $139.70 from $134.56.

    Revenue from candy is expected to rise 3%, and will maintain its position as the category with the most consistent growth over the past five years. This segment’s popularity is due to its easy availability and its varied pricing based on the manufacturer and quality of ingredients.

  • Tenant mix expanding at Shoppes at Blackstone Valley

    Millbury, Mass. -- Douglas Wine & Spirits, Visionworks and DSW are opening in early 2015 at The Shoppes at Blackstone Valley, in Millbury, Massachusetts.
     
    Douglas Wine & Spirits opened February 1st and occupies a 5,400-sq.-ft. space between Sleepy’s and Guitar Center. Visionworks will be in opening in March in a 2,700-sq.-ft. space between Sephora and Feng Asian Bistro.

    DSW will be making its appearance in early April in a 15,000-sq.-ft. space adjacent to Marshall’s.

  • RetailNext: January stores sales, traffic decline

    San Jose, Calif. – Consumers appear to have been feeling a seasonal hangover after what some analysts have called a relatively strong 2014 holiday season. According to the monthly Retail Performance Pulse for January 2015 from RetailNext, store sales and traffic both declined 7.7%

  • Red Wing Shoes to open at Arbrook Square

    Arlington, Texas -- Red Wing Shoes will open a 1,500-sq.-ft. store at Arbrook Square Shopping Center in Arlington, Texas. The center is located at the southeast corner of Arbrook Boulevard and Matlock Road.

    Cynthia Bailey of WindStar Properties represented the landlord, Arbrook Square Investors, L.P. The tenant was represented by Cameron Haddad of NAI Robert Lynn Company.
     

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