STORE SPACES

Olympia Sports continues southern expansion

BY Mike Troy

Westbrook, Maine — Olympia Sports announced it has recently surpassed its 200th location and has begun a march south and west from its home state of Maine.

The company plans to open 25 stores during its current fiscal year, including its first store in West Virginia and others in states south of New York. A similar pace of expansion is expected for the following fiscal year beginning in October, said Olympia.

Most of Olympia’s 207 stores are located in the far Northeastern markets of Maine (29 stores), Massachusetts (61 stores), New York (47 stores), New Hampshire (21 stores), Vermont (11 stores), Connecticut (14 stores) and Rhode Island (five stores). However, in recent years, the company has extended its reach to Pennsylvania (14 stores), Maryland (three stores) and Virginia and West Virginia, which both have one store.

“We are excited about the opportunities that exist in this region,” said Olympia president Ed Manganello referring to areas south of the Pennsylvania border. “We are primarily a small market retailer, and our format, our people, and our strategy of bringing top brands to these small markets has gained acceptance in these areas.”

Olympia Sports operates small-format stores in small markets. It said it expects to end its current fiscal year on September 30 with a total of 216 stores following the addition of 25 new stores and the closing of four underperforming locations.

“We expect similar growth in fiscal 2013,” said Paul Fitzpatrick, senior director of operations. “We have the real estate strategy and infrastructure to support continued growth throughout the Northeast and the mid-Atlantic.”

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STORE SPACES

Brookshire Brothers in GE lighting upgrade

BY Marianne Wilson

New York — Brookshire Brothers has launched a facility-wide lighting update, including in-store, parking lot, exterior signage and refrigerated case fixtures.

Using a combination of new linear fluorescent lighting and LED technologies — from GE Lighting, East Cleveland, Ohio — Brookshire will, once all of its stores have been completed, reduce its annual operating costs more than $235,000.

“When we looked at options to impact our total energy costs, we identified several areas at different stores where new lighting, including LED fixtures, made a compelling case, both indoors and out,” said Eric Johnson, director of construction for Brookshire Brothers, in a statement. “Shortly after we met with our GE Lighting team to understand the anticipated electricity and maintenance savings, then made what was an easy decision to move forward.”

Re-lamping of linear fluorescent lighting (LFL) fixtures is now complete at 69 Brookshire Brothers locations where GE’s more energy-efficient 28-watt T8 has replaced 32-watt bulbs in approximately 450 four-lamp fixtures per 30,000-sq-ft. supermarket. These efforts include the replacement of existing ballasts with GE’s high-efficiency UltraMax electronic ballasts as needed. Each UltraMax ballast installed will create additional energy savings of approximately eight watts per fixture.

Brookshire Brothers will save an average $3,200 per store per year in electricity expense after switching to GE’s 28-watt solution – a more than $220,000 annual cost benefit to the company based on a $.09 kWh electricity rate and 12 hours use per day. The company plans to explore even more efficient 25-watt GE lamps and UltraStart ballasts to suit future needs.

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Oct-06-2012 11:57 am

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Nordstrom to debut first full-line store in Manhattan

BY Katherine Boccaccio

New York — Confirming the rumors that have swirled for the last few days, Seattle-based Nordstrom said Thursday that it has found a site for its full full-line department store in New York City.

The 285,000-sq.-ft. flagship will open along the 57th Street corridor at 225 West 57th – between Broadway and Seventh Avenue – at a site owned by Extell Development Co.

The store is expected to open in 2018.

The announcement came at a news conference at Nordstrom’s treasure&bond Soho location at 350 West Broadway on Thursday, keynoted by Mayor Michael Bloomberg.

"It makes perfect sense that Nordstrom – one of the premier names in retailing – would want a flagship store in New York, the world’s premier city for retailing," said Mayor Bloomberg. "This is very exciting news for New Yorkers and the millions of tourists who come to our city to shop each year, and this new addition to the West Side of Manhattan is another sign of the private sector’s confidence in New York City."

The new seven-story department store will comprise the base of a mixed-use, retail, hotel and high-rise residential tower still in the planning stages by Extell. The 40,000-sq.-ft. block-through site once housed the original Hard Rock Cafe. The parcel was assembled by Extell president Gary Barnett over a period of nearly a decade and, according to Barnett, excavation work on the site could begin as early as the first quarter of next year.

"This has been a long time coming for us, as Nordstrom has sought a NYC location for many years,” said Erik Nordstrom, president of stores for Nordstrom. “We couldn’t be happier about the opportunity to be a part of this terrific development project with Extell and feel the location works extremely well for us.”

Jones Lang LaSalle represented Nordstrom in the transaction, and Extell was advised by RKF.

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