REAL ESTATE

Report: Retailers’ growth plans running 5% ahead of last year

BY Marianne Wilson

New York — Retailers’ growth plans are running about 5% ahead of year-ago projections, according to ChainLinks Retail Advisors’ Spring 2012 Retailer and Restaurant Expansion Guide.

“Demand is being driven by discounters, grocery store chains, off-price apparel retailers, fast-food and fast-casual dining concepts,” said Garrick Brown, national retail research director, ChainLinks, one of the leading retail real estate advisory services organization in North America. “Growth from those players will help to lower vacancy for most shopping center types.”

According to the report, some of the most active retailers currently include:

  • Subway: Hoping to open as many as 2,500 stores worldwide this year.
  • Dollar General: Planning 650 new stores in 2012.
  • Family Dollar: Planning 500 new stores this year.
  • 7 Eleven: Planning on at least 300 new stores over the next 12 months.
  • Dollar Tree: Planning 300 units in 2012.

The comprehensive report details the current expansion plans for over 2,500 U.S. retail and restaurant chains can be downloaded here.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
OPERATIONS

Dave & Buster’s hires BJ’s VP to head up store development

BY Staff Writer

Dallas — Dave & Buster’s Inc. named John Mulleady as senior VP development, responsible for leading the company’s expansion strategy into new and under-penetrated markets. He most recently served as VP real estate and construction at BJ’s Wholesale Club.

"Dave & Buster’s has big plans for expansion, and we needed a leader with experience opening a large number of new stores. John’s background in developing large-format brands makes him the ideal person to lead this charge,” said Steve King, CEO of Dave & Buster’s.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
News

Dollar General strengthens commitment to military community

BY CSA STAFF

GOODLETTSVILLE, Tenn. — Dollar General has pledged its support of the White House’s Joining Forces initiative, which promotes private sector employment for members of the military community.

This commitment is a continuation of the company’s efforts to extend job opportunities to those who have served or are serving our country, the company said. In 2011 alone, Dollar General hired more than 3,500 veterans, guardsmen and reservists. The company’s coast-to-coast network of 10,000 stores and 11 distribution centers provides a career path to begin and grow their careers.

“Dollar General will continue to hire from the military community as we expand our company by 625 stores and 6,000 jobs this year,” said Bob Ravener, EVP and chief people officer at Dollar General. “We appreciate the attributes members of the military community bring to Dollar General, which mirror our focus on serving others.”

The Joining Forces commitment comes on the heels of several successful job fairs hosted by Dollar General in collaboration with the California National Guard and ESGR in the central valley earlier this year. More military job fairs are being planned throughout California, and in other states where Dollar General has a presence.

Dollar General is the winner of the 2011 Military Officers Association of America Distinguished Service Award and was recognized in GI Jobs magazine’s list of Most Military Friendly Employers.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...