REAL ESTATE

REI to open in Olympia, Wash.

BY CSA STAFF

Seattle -REI (Recreational Equipment, Inc.) will to open a new store in Olympia, Wash. in the spring of 2011.

The two-story, 25,000 square-foot store will be located off Cooper Point Road at Westfield Capital Shopping Mall.

“REI looks forward to extending our roots further south in Puget Sound with the new store in Olympia,” said Kevin Golic, REI’s retail director for the Washington Alaska district.

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STORE SPACES

Dollar General considering new DC in Alabama

BY CSA STAFF

New York -Dollar General is considering a plan to build a $60 million distribution center in Bessemer that could create up to 650 jobs, the Birmingham Business Journal reported.

The new facility would be the 10th distribution center for Dollar General (NYSE: DG), according to Tawn Earnest, senior director of corporate communications for the company. The company is seeking incentives from local governments for the project.

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News

Home Depot tests downsized kitchen showrooms

BY CSA STAFF

ATLANTA – Home Depot is tinkering with the idea of cutting back the space dedicated to kitchen showrooms. "We’re piloting the removal of up to 40% of the space dedicated to kitchen showrooms," said Craig Menear, Home Depot’s EVP merchandising, during the company’s recent investor and analyst conference.

The reason, according to Menear: the kitchen industry is down about 50% from three years ago. A typical Home Depot store has about 500 square feet devoted to showrooms and kitchens, he said. The plan would be to use the space more efficiently, including introducing more space for assembled cabinets, and increased emphasis on refacing programs, he said.

"Reducing our kitchen space and showrooms allows us to make better utilization and productivity of that space," Menear added.

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