Sienam Ahuja’s Post

ICSC 🏬 July Store Expansion Highlights 🏬 Retailers and restaurants made significant moves in July, expanding their footprints and launching new formats. Here are the key updates: UNIQLO: The Japanese apparel brand is opening four new stores in Canada, targeting Toronto, Mississauga, Brampton, and Langley, aiming for 200 locations in North America by 2027. Chick-fil-A Restaurants-fil-A: The beloved chicken chain plans to increase its presence in Puerto Rico, expanding from 5 to 20-25 restaurants by 2030. Humana at Walmart: CenterWell, part of Humana Inc., is set to open senior-focused primary care centers at 23 Walmart Supercenter locations across Florida, Georgia, Missouri, and Texas. BIRKENSTOCK: The iconic sandal brand opened a new two-story store in Paris and plans additional stores across major European cities. Cilantro Taco Grill: This fast-casual chain has secured agreements for 110 new locations, with a significant focus on Florida. Ace Hardware Corporation: Celebrating a milestone with 5,000 U.S. stores, marked by the opening of Fixit Ace Hardware in Roswell, GA. Qdoba Restaurant Corporation: Announcing a 30-unit expansion deal in the Carolinas with Thrive Restaurant Group, aiming for completion by 2028. The Wendy's Company: The quick-serve giant is set to enter the Republic of Ireland and Romania, part of a broader plan to expand across Europe. MANGO: Launched its teen-focused store concept internationally, with the first store opening in London. IKEA: Opening a new location in the iconic 570 Fifth Avenue in NYC, part of a prime retail and office tower. These expansions highlight the diverse strategies and ambitions of brands in the global market. #RetailExpansion #StoreOpening #RetailNews #GlobalRetail #BusinessGrowth #ICSC

Retail is expanding. While availability shrinks. → Move-outs have declined 20% since 2021.  → Construction starts are at record lows → & avg. months to lease to new lows The space-size with the greatest gain:  → Small spaces The tenants with the most lease-ups: → Wingstop → Starbucks → Jersey Mike’s The markets with the greatest gain:  → The South & the Southwest With rate cuts expected in September, What are your sentiments about what’s next? 

Many a times vendors asks which brand is the most adaptable and simple in their business model. And the name that comes to my mind is Primark. it exudes simplicity and ethical fashion. All the best to #primark team #leadership #management #celebration #journey

In other parts of the country, new construction Starbuck's inventory has been moving slowly with CAP rates increasing to 6%+... Definitely not the case on this Starbucks in Seattle: ->Within 7 days of marketing we procured 3 offers and went under contract $60k above list price. ->Total transaction time was 67 days from start to finish with the buyer's lender involved. ->With an 8-year flat lease in place we successfully closed for $3M - 5.40% CAP What's the takeaway? The difficulty and cost to develop new retail in the PNW is keeping NNN inventory levels to a minimum. For now, this has insulated these assets from major cap rate and pricing movement, especially when compared to other parts of the country. #pnwretailrealestate #retailrealestate Parker Ksidakis

Store closings typically garner the headlines in recent months. Chain Store Age compiled a list of reported planned openings last month and the list is long and extensive. Amongst the retailers making news include Whole Foods Market has opened a smaller format store in NYC Located in the Lenox Hill neighborhood of Manhattan’s Upper East Side, the 9,101-sq.-ft. Whole Foods Market Daily Shop is “designed to bring the freshest, high-quality ingredients to customers with a convenience that fits their fast-paced urban lifestyles,” according to the grocer. Gu opens first U.S. store The lower-priced, more trend-driven sister brand of Japanese apparel giant Uniglo has opened a flagship in New York City as its first store outside of Asia. The two-level store features 10,225 sq. ft. of apparel. L.L.Bean redesigns Maine flagship. The outdoor apparel retailer is revamping its 220,000-sq.-ft. retail campus in Freeport, Maine to provide a more accessible and immersive shopping experience for customers. Major developments include reinstalling the store’s signature trout pond, which will feature multiple tiers, more viewpoints and enhanced accessibility for better fish watching. With the first interest rate cut announced and at least one more pending, it appears as though the trend of expansion will amp up. Getting through the Presidential election and the capital providers being comfortable with who will be sitting in the White House the next four years will help as well. The evolution of retail is operating at a breakneck pace and is far from dead. As noted by this list. #retail #retailnews #retailtrends #cre #expansion #growth #nycrealestate https://lnkd.in/ezxpDjER

🏬🍔September's Retail & Restaurant Expansions: This past month has been full of major retail and restaurant announcements, driving home one fact: brick-and-mortar is thriving, and strategic expansion is in full force. Here are some of the key highlights that should be on your radar if you're in the commercial real estate game: 🔹 Ann Taylor & Loft are making a comeback in Canada, via Hudson’s Bay, after closing all stores in 2020.   🔹 Insomnia Cookies opened its 300th store globally, marking its first-ever location in Seattle.   🔹 Ollie’s Bargain Outlet is growing in Texas, repurposing 10 former 99 Cents Only Stores. 🔹 Whole Foods introduced a smaller format store in NYC’s Upper East Side, appealing to urban consumers.   🔹 Freddy’s Frozen Custard inked deals for 21 new locations across several states.   🔹 L.L. Bean is revamping its iconic flagship in Maine, aiming for a more immersive experience.   🔹 Foxtrot is making a comeback in Chicago’s Gold Coast with new Café and Market locations.   🔹 Academy Sports announced 9 new stores for the fall season, part of its aggressive expansion plan. With all these brands growing their presence, now is the perfect time to explore investment opportunities in prime retail real estate. Whether you’re considering net leases or strategic acquisitions, these expansions are indicators of where the market is headed. 💼🔑 What are your thoughts on the future of retail real estate? Let's talk opportunities! 👇👇 #RetailRealEstate #NetLease #CRE #CommercialRealEstate #RetailExpansion #RestaurantExpansion #RealEstateInvesting #BrickAndMortarIsBack

🚫🚫🚫 Attention all LinkedIn connections! Have you heard the news about Marks and Spencer closing one of their busiest stores after 33 years? According to Express, the exact date is looming. Let's discuss the impact of this decision on local communities, retail strategies, and long-term business sustainability. This development is a wake-up call for the retail industry, highlighting the challenges faced by traditional brick-and-mortar businesses in the era of online shopping. Share your thoughts and insights on this trending topic. #MarksandSpencer #RetailIndustry #BusinessSustainability https://ift.tt/pTnFvQk

Retail Today / Retail Renaissance: An excellent overview of the challenges of Urban Retail. I don’t disagree with their assessment but have some additional thoughts. First let’s start with “cookie cutter” corporate driven approach vs more entrepreneurial thinking. The strategic thinking to implement what works vs “that’s the way we do it”. I cut my retail chops operating stores in Miami, during the “Mariel Boatlift” from Cuba (mass emigration) and the days of “Cocaine Cowboys”. Location/Commericial Real Estate: This should work to the Retailer’s advantage, look for opportunistic properties, make a “deal”! It will lower the threshold of profitability. Leadership: Think differently, someone successful in the suburbs, who doesn’t enjoy thinking on their feet,intimidated by other cultures, doesn’t have a chance. Operations: Yes, you aren’t in Kansas anymore, stronger loss prevention teams, hiring motivated employees, maybe off-duty officers, forget self-checkouts, etc.. Merchandising: Here’s the opportunity, streamline your assortments and expand in-demand categories. Here’s a list of a few items that were very successful, but there were thousands of great items. Toilet Plungers, Wood Clothes Dryers, Dish Drainer Sets, Orange Soda, Pork Rinds, etc.. DO YOU KNOW YOUR CUSTOMERS? #retail #retailindustry #retailstrategy #retailexperience #commercialrealestate #urban #jobs #merchandising #shoppingexperience #stores #lossprevention #entrepreneur #succession #organizationaldevelopment #leadership #walmart #target

Retailers are growing very fast, the stores definitively are the future of shopping and an example is Burlington Stores to open 100 stores in 2024🌟 Celebrating a landmark year, Burlington Stores not only exceeded Q4 expectations but unveiled plans for an impressive 100 new store openings in 2024. Some interesting information from: Chain Store Age, The business of Retail by Marianne Wilson (3/7/2024) 📊 Financial Highlights: Q4 Total Revenue: $3.12B (Up 14%) Net Income: $227.5M (14-week basis) Comparable Store Sales: +2% Gross Margin: Improved to 42.6% 🚀 Strategic Moves: Anchoring growth with the acquisition of Bed Bath & Beyond leases, Burlington is set to open 100 new stores, bringing its total to 1,007 in 46 states, D.C., and Puerto Rico. 🌐 Long-Term Vision: CEO Michael O’Sullivan eyes $16B in total sales in the next five years, expressing optimism despite short-term uncertainties. 📈 Fiscal 2024 Projections: New Store Openings: 100 Adjusted Earnings: $7.00 to $7.60 per share Total Sales Growth: 9-11% Capital Expenditures: ~$750M 🛒✨ Join the Success Journey! Burlington Stores continues to redefine retail excellence and shape the future of brick-and-mortar success. #BurlingtonMilestone #RetailLeadership 🌟👏 Let's read the full article in the following link: https://lnkd.in/ehqyQyVC?