REAL ESTATE

ICSC-NY show attendance leaps 15%

BY Katherine Boccaccio

New York — Identified as a 2014 industry bellwether, this year’s New York National Conference and Deal Making is up 15% over last year, with some 7,000 people in attendance, according to the International Council of Shopping Centers.

The increase bodes well for next year, according to Michael P. Kercheval, president and CEO. When attendance is up, he said, the industry grows the following year. When it’s down, a decline has always followed.

In a presentation to show attendees, David LaRue, ICSC’s chairman and the president and CEO of Cleveland-based Forest City Enterprises, painted an optimistic picture of the industry. During his Outlook For Retail Real Estate presentation, held Monday, he said that consumer confidence, spending and unemployment figures are all moving in a positive direction for businesses, despite the political uncertainty in Washington.

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Pep Boys continues expanding new format

BY CSA STAFF

The Pep Boys is converting 18 recently acquired Service & Tire Centers in Southern California to its new Road Ahead format and preparing for the grand reopening of six supercenters and five Service & Tire Centers in Tampa, Fla.

The company already converted nine Service & Tire Centers to the Road Ahead format this year, and reported that performance at those stores has been ahead of original projections. The company also plans to convert three additional smaller markets (20 supercenters) in the first half of 2014.

News of its expansion plans comes immediately following the company’s third-quarter results for the period ended Nov. 2, which saw sales decrease by $2.6 million, or 0.5%, to $507.0 million from $509.6 million for the prior-year quarter.

Comparable sales decreased 2.8%, consisting of a 0.5% comparable service revenue increase and a 3.6% comparable merchandise sales decrease.

Net earnings for the third quarter of fiscal 2013 were $1 million, or $0.02 per share, as compared to a net loss of $6.8 million, or $0.13 per share, for the prior-year quarter.

“Our strategically important maintenance and repair service business grew in sales for the sixth consecutive quarter,” said president and CEO, Mike Odell. "As the weather has turned colder, tire sales have started to improve, with mid-level price points and branded tires leading the way. Competitive pressures, however, continue to challenge sales of lower price point tires."

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Walgreens takes preventive health care services to Maryland

BY CSA STAFF

Walgreens is further expanding the scope of preventative health care services provided by its pharmacists and now offering daily testing for cholesterol, blood glucose and body composition at more than 60 stores in Maryland.

Each test also includes a free blood pressure reading and personal consultation with a Walgreens pharmacist.

“Providing convenient, affordable access to health testing services is an important part of our commitment to disease prevention and chronic care management,” stated Jon Reitz, market pharmacy director, Walgreens. “As the most accessible health care providers, our pharmacists are spending more time with patients through consultations, immunizations, medication questions or concerns, health testing and other important services to help our customers get, stay and live well.”

Tests are available to those ages 18 and over at most stores during pharmacy hours daily with no appointment necessary.

Walgreens offers health testing daily at more than 4,100 stores in 41 states.

Walgreens pharmacists administer tests by fingerstick. Cost for testing is:

  • Total Cholesterol – $35;
  • Blood Glucose – $20;
  • Body Composition – $15;
  • Wellness Pack: Cholesterol, Blood Glucose and Body Composition – $65; and
  • Blood pressure – free with every health test.

Test results are not for diagnostic or treatment purposes and are not conclusive as to the absence or presence of any health condition. Customers are encouraged to share test results with their primary care physician.

The National Heart, Lung and Blood Institute recommends that all adults have their cholesterol levels checked at least every five years. However, adults over age 45 or with other risk factors for heart disease or stroke should talk with their primary care physician about whether more frequent testing is necessary. Walgreens total cholesterol tests include a review of triglycerides, HDL and LDL.

According to the U.S. Centers for Disease Control and Prevention, one-third of U.S. adults have high cholesterol, which can significantly increase the risk of heart disease or stroke.

The American Diabetes Association recommends blood glucose testing every three years for people with normal levels or in good health with no risk factors. Those who are overweight and/or over age 45 should talk with their doctor about whether more frequent testing is recommended.

The American Heart Association recommends body composition tests to detect various health problems including high blood pressure and diabetes which can increase risk for heart disease and stroke.

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