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  • Shop Companies sells 100% leased center in Texas

    Cross Roads, Texas -- Shop Companies Investment Sales announced the sale of Crossroads Crossing a 14,680 sq. ft. shopping center located in Cross Roads, Texas.

    Crossroads Crossing at the time of closing was 100% leased. The tenant mix includes: Domino’s, State Farm, January’s Salon, Cornerstone Dental and Villa Grande Mexican Restaurant among others. Just east of a newly opened Wal-Mart Supercenter.

  • Staples show how bad it wants to get Office Depot deal done

    Staples secured approval of its acquisition of Office Depot from European regulators after agreeing to numerous concessions. Now similar actions may be required if the company is to win over a stubborn U.S. Federal Trade Commission.

    Staples said it received approval from the European Union to acquire Office Depot, highlighted a range of actions it took to alleviate the regulator’s competitive concerns and used the action to take a jab at the U.S. Federal Trade Commission (FTC).

  • Rural lifestyle retailer on fast track for expansion

    Tractor Supply Company continues its rapid expansion, with the grand opening of its 1,500th store, on Feb. 13, in Odessa, Texas.

    The retailer opened a total of 114 stores in 2015, and expects to open between 115 and 120 locations in 2016. Tractor Supply stores are located primarily in towns outlying major metropolitan markets and in rural communities.

  • Expectations run high at Home Depot's pro desk

    The Home Depot is planning (conservatively, it says) to be a $100 billion retailer in 2018 – growing by $13 billion, or the equivalent of 357 stores, without any major change of its footprint.

    Where’s growth going to come from? A lot of it from the pro customer, who currently makes up only 4% of Home Depot’s customers, but account for about 35% of total sales. Clearly, this is a customer with clout.

  • Study: Holiday returns performance misses mark

    Retailers may find themselves banished to the Island of the Misfit Toys if they do not improve their handling of returned holiday purchases.

    According to new data from Kurt Salmon, it took an average of 13.3 days for retailers to credit returns to accounts during the 2015 holiday season. This marked an improvement from the prior year’s 16.8 days, but still far from customers’ expectation of about seven days.

  • Baker Katz acquires 30,000 sq. ft. of land in Houston

    Houston -- Baker Katz, an X Team International partner and full-service commercial real estate brokerage firm specializing in retail tenant representation, investment sales, and project development and leasing, announced that it has purchased 30,000 sq. ft. of land in Houston and completed a 7,000-sq.-ft. lease on behalf of Advance Auto Parts. Construction will slated to begin this month with an opening in May 2016.

  • Grocery veteran named new CEO at Supervalu

    Supervalu Inc. has chosen a new leader to take the company forward as it prepares for a potential spin-off of Sav-a-Lot.

    On Wednesday the company announced the appointment of Mark Gross as its president and CEO. Gross, 52, will succeed Sam Duncan who has previously announced he will be retiring.

  • What General Growth’s CEO really said about Amazon’s expansion plans

    A passing reference at the end of a conference call about Amazon.com’s possible plans for physical stores by General Growth Properties' CEO has taken on a life of its own with speculation raging that the online retailer will soon open 400 stores.

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