News

Center Stage at SPECS
Chain Store Age traveled west to Las Vegas for its 51st annual SPECS conference, which was held at the Sands Expo at the Venetian/Palazzo.
Starbucks debuts streamlined express store format on Wall Street
Seattle – Stockbrokers in need of a quick caffeine fix between bouts of buying and selling have a new resource. Starbucks Corp. is debuting its new express store format on Wall Street in New York, across from the New York Stock Exchange.

The compact 538-sq.-ft. store space is designed to provide a streamlined customer experience and provide what Starbucks calls an “espresso shot” version of visiting its stores. Starbucks is relying upon store design, customer service and technology to provide the convenience it promises.

IN THE WORKS

Bauer Hockey: Ice hockey equipment manufacturer Bauer Hockey is throwing its puck in the retail arena. The company will open its first-ever store this summer, in Burlington, Massachusetts, followed by a second location in the fall, in the Minneapolis area.
Session Spotlight: Energy Efficiency Codes

A panel of architects, engineers and retailers discussed 2013 California Title 24, Part 6, which is widely acknowledged as the strictest energy code in the United States. And its relevance extends far beyond the Golden State.

“As California goes, so goes the nation,” said Ken Kosinski, construction director, Nike Factory Stores, North America, Nike.

The updated version of the code went into effect on July 1, 2014, and includes a big increase in the lighting-control requirement.
MANAGEMENT ACCELERATES

Whether local or global, growth has been robust for 2014’s top third-party managers

The 26th annual survey of Fastest-Growing Managers surveys new domestic and international third-party management and leasing contracts obtained during the 2014 calendar year and ranks the top performers.
BEACONS AT YOUR COMMAND

GameStop uses beacons to put customers in charge of store promotions

Retailers often use in-store beacons to push promotions to customer mobile phones as they pass by. But video game retailer GameStop Corp., which operates more than 4,200 U.S. stores, takes a different approach.

“In the store, we have multiple pieces of signage marking the location of beacons,” said Charlie Larkin, senior director of GameStop Technology Institute, the retailer’s in-house IT development center.
Big ski season lifts Big 5 Sporting Goods

The cold hard winter may have been taxing for some but it was certainly profitable for Big 5 Sporting Goods Corp., which reported an increase in profit in the first quarter.
Session Spotlight: Building in Canada

Canada represents a dynamic market for U.S. retailers looking for store expansion opportunities.
UPLIFTING CENTRAL NEW JERSEY

The Shoppes at Middletown brings specialty retail and dining to affluent eastern Monmouth County

A unique new shopping center is being designed to bring boutique and specialty retail and dining options to eastern Monmouth County in Central New Jersey. The Shoppes at Middletown, at 380,000 sq. ft., will emerge as a premier town center development when it opens in 2017. The project will be developed on 50 acres of the overall 120-acre project, and will feature 2,200 ft.
A BULLISH M&A FORECAST

Gaining market share and geographic coverage are top priorities driving deals

Retail continues to rally for deals in 2015, and the sector could be on the cusp of another major year for mergers and acquisitions. Already this year, we’ve seen speculation about a number of potentially massive deals — from a possible buyout of Rite Aid by Walgreens Boots Alliance to the proposed merger between Staples and Office Depot. Looking across the industry, as part of BDO’s annual Retail Compass Survey of CFOs, we asked chief financial officers at leading U.S.