Supply Chain & Merchandising

Austin, Texas -- Dallas-based SRS Real Estate Partners said that three new store locations have been finalized for Baskins Western and Work Wear in Baton Rouge, La.; Lafayette, La.; and Katy, Texas. 

The new stores will include 12,000 to 15,000 sq. ft., and will bring the western apparel retail chain to 28 total locations.

Westbrook, Maine -- Olympia Sports announced it has recently surpassed its 200th location and has begun a march south and west from its home state of Maine.

The company plans to open 25 stores during its current fiscal year, including its first store in West Virginia and others in states south of New York. A similar pace of expansion is expected for the following fiscal year beginning in October, said Olympia.

New York -- The campus store at Carnegie Mellon University has a new attraction: a small robot called AndyVision. Developed by researchers at Carnegie Mellon’s Intel Science and Technology Center in Embedded Computing, the robot is designed to help keep track of store inventories and assist customers in finding products, according to a report on PCWorld.

Dallas -- X Team International said that Dallas-Fort Worth-based partner Venture Commercial has completed leases for Northern Tool + Equipment locations in Nebraska, Texas and Georgia. Houston-based X Team partner Baker Katz assisted with the Texas lease.

Northern Tool + Equipment has filled a 15,142-sq.-ft. box in Omaha, Neb., located in 72 Pacific Plaza; a 15,142-sq.-ft. box in Conroe, Texas, located in the Pine Hollow Shopping Center; and a 15,585-sq.-ft. box in Buford, Ga., located in Lee’s Crossing Center.
 

Carlisle, Pa. -- Ahold subsidiary Giant Food said it has commenced its conversion of 15 former Genuardi's stores. The announcement follows FTC approval of Giant Food’s plan to acquire 15 Genuardi's stores, located in the greater Philadelphia area, from Safeway.

During the conversion process, five stores at a time will temporarily close for about a week. The three-phase staggered approach is expected to be completed on July 22.

North Plainfield, N.J. -- Business appears to be improving, according to a survey by Levin Management Corp. The firm conducted the study among its retail tenants in 90 properties.

The mid-year survey, which polled 250 retailers, indicated positive changes year-over-year. At mid-year 2012, 64.2% of respondents reported the same or higher sales volume compared with this time last year; 35.7% reported lower sales. At mid-year 2011, 50.1% of respondents reported the same or higher sales; 49.8% reported lower sales.

Vineland, N.J. -- Philadelphia-based Pennsylvania Real Estate Investment Trust said that Body Central has opened a 4,256-sq.-ft. store at Cumberland Mall, in Vineland, N.J.

Justice also recently opened at Cumberland Mall, which is anchored by Boscov’s, Marshalls, J.C. Penney, Burlington Coat Factory, Michaels, Old Navy and Bed Bath & Beyond.

 

Walmart observed its 50th anniversary in fine fashion this week as its share price hit an all-time high, even as the company faced familiar charges from vocal critics.

Walmart shares closed Tuesday at an all time high of $70.75, nearly 18% above the $59.97 level where they began the year and more than 46% above the 52-week low price of $48.31 seen late last summer. The move is nothing short of remarkable considering an investment in Walmart was dead money for the past dozen years as shares traded for a little more than $69 back in December 1999.