Container Store to open six stores in 2012
Dallas –The Container Store announced it will open six locations in 2012, making this the largest real estate growth year in the company’s history and bringing the company’s store count to 59 by year’s end.
The new stores will be located in Arlington, Texas; Las Vegas; El Segundo, Calif., Peabody, Mass., and Westbury, N.Y., with a sixth location still being finalized.
"As we round out our fiscal year that’s shaping up to be our most profitable in company history, we’re thrilled to have six glorious new store locations planned for 2012 that will help sustain the incredible growth our brand and company is experiencing," said Kip Tindell, chairman and CEO, The Container Store. "We’ve emerged from the recession as an even stronger company and our employees, customers and vendors are extremely proud of the way we conducted ourselves during that trying time not having resorted to layoffs or closing stores.”
In addition to store expansion, some of The Container Store’s other strategic initiatives for 2012 include a Dallas-area test of its new ATHome program, which will bring the retailer’s 34 years of organization expertise and product knowledge into its customers homes.
H-E-B details growth and remodeling plans for Austin market
New York –H. E. Butt Grocery Co. plans to spend about $100 million to expand, remodel and relocate several of its stores in Austin, Texas, during 2012, the Austin American-Statesman reported. The move is part of a larger, statewide expansion and price-cutting campaign.
The projects include replacing a market near Austin’s Lakeline Mall with a 117,000-sq.-ft. H-E-B Plus store late this year or in early 2013; expanding a location in Cedar Park, Texas; and building a new 75,000-sq.-ft. H-E-B later this year in the Mueller development in Austin, the report said.
In addition, at least 10 other remodels are planned.
Market Track: January 2012
The year got started with an overall drop in circular counts per market from five flyers to four flyers compared with January 2011. Conversely, pages per market saw an increase of 7.6% compared with the previous year.
There was a noticeable jump in Lowes’ number of pages per market due to a 20-page insert dropping in the first week of January this year, where last year they distributed a two-page insert during the same week. However, they reduced their circulation from three to two circulars per market when compared with last year.
JCPenny distributed only two flyers this January compared to five flyers last year, resulting in a 48% decrease in pages.
Walmart and Safeway worked on their promotions in a different way this month, they dropped fewer flyers per market but increased the number of pages per insert by 42 % and 5% respectively compared with last year.
Best Buy, CVS and Kmart used the same promotional strategy by increasing the number of pages per market while maintaining the number of flyers dropped.
Sears was the only retailer who saw an increase in both flyers as well as pages per market.
Kroger, Kohl’s, Home Depot and Staples were among the retailers showing a decrease in both flyers as well as pages per market. Home Depot had the highest drop in pages per market compared with other retailers at -50%.
It’s important to note a number of factors should be considered when examining the number of inserts and pages retailers send into the marketplace. Market Track’s granular level of data reflects regional versioning and market specific differences. This is accomplished through an extensive collections process, including physically obtaining the ads from the various markets in which they are distributed. In the instance that retailers send additional circulars to a limited number of markets, Market Track’s information reflects these nuances through numbers with decimals (for average number of inserts per market) and odd numbers (for average number of pages).
Market Track is a market intelligence firm dedicated to increasing customers’ returns on their promotional investments. Through innovative technology and marketplace expertise, they monitor and analyze over 200 U.S. and Canadian markets for every channel of trade in order provide retailers and manufacturers with superior tools to monitor promotional activity, support dynamic decision making and turn information into market intelligence. For more information, contact Market Track at 1.800.235.3781 or e-mail [email protected]