Report Sees Strong Rise in Retailer Growth in 2011
Retailers’ growth plans in the United States are up 40% over last year’s levels, according to ChainLinks’ Retail Advisors Spring 2011 National Retail Report. The report, which details trends impacting retail commercial real estate in more than 40 of the nation’s top markets, credits the surge in expansion to two key factors: the return of optimism within the retail sector; and the desire to expand quickly now — before retail fundamentals improve enough for rents to start climbing again.
Some of the most active retailers in 2011, according to ChainLinks, are:
- 7-Eleven is hoping to open as many as 350 stores in the United States and Canada this year.
- 99 Cents is planning on adding at least 25 new units.
- Apple will add at least 50 stores in 2011.
- AT&T expects to add at least 100 new cellular stores this year.
- Bottom Dollar Food could add as many as 110 stores.
- Burlington Coat Factory is planning on at least 20 new stores.
- Chico’s could add as many as 40 units in next 18 months.
- Citi Trends may up to 65 stores.
- Dollar General plans on 625 new locations.
- Family Dollar has 300 stores on tap.
- Forever 21 could be looking at as many as 50 new stores.
- Pep Boys could add up to 55 stores.
- Ross Stores is likely to open 60 units.
- Jo-Ann Stores could open as many as 50 units.
- Tractor Supply has plans for up to 75 units.
- Ulta has plans for 60 locations.
- Verizon Wireless should add at least 125 stores.
To download the full ChainLinks report, go to terranomics.com/nationalreport/.
Walmart wrestles itself a WWE deal
STAMFORD, Conn. — WWE and Vivendi Entertainment announced that Walmart will be the exclusive retailer for WWE Studios’ films. Vivendi Entertainment will continue to be WWE’s North American retail and rental distribution partner.
Under this arrangement, Walmart, Sam’s Club and Walmart.com will have the exclusive right to sell DVD and Blu-ray versions of the films for the first 90 days of release. The Chaperone starring WWE Superstar Paul “Triple H” Levesque, Ariel Winter (“Modern Family”) and Kevin Corrigan (American Gangster), which was just released, is the first film of the deal.
“WWE is thrilled to further its relationships with Vivendi and Walmart with this exclusive deal,” said Jim Connelly, SVP consumer products WWE. “With the combination of Walmart’s retail strength, Vivendi’s distribution rights, and WWE Studios’ family-friendly movies, consumers and families across America will have greater access to quality at-home entertainment.”
As part of the partnership, Walmart will be integrated into WWE’s multi-million dollar marketing campaign for each retail release across all WWE platforms.
Former Kohl’s exec to head Canadian discount store
MISSISSAUGA, ONTARIO — TB!S The Bargain Shop, a leading Canadian discount store chain, announced that Beryl Buley has been appointed president and CEO, effective immediately. Former president and CEO, Michael Roellinghoff, will assume the role of vice chairman of the board.
Buley joined TB!S in 2010 as EVP and chief merchandising officer. Prior to that he served as division president merchandising for Dollar General. Before that he spent 16 years at Kohl’s where he helped lead the company’s expansion efforts intokey markets including Atlanta, Dallas, New York, and California.