REAL ESTATE

Samsung Electronics Canada opening 90 in-store shops in Best Buy Canada and Future Shop

BY Marianne Wilson

MISSISSAUGA, Ont. — Samsung Electronics Canada is opening 90 new format Samsung Experience Shops in partnership with Best Buy Canada and Future Shop.

The company plans to expand its Canadian retail footprint with the opening of two freestanding Samsung Experience Stores, one in Edmonton, Alberta, and the other Richmond, B.C. All retail locations are scheduled to open by spring 2014.

Stated James Politeski, president of Samsung Electronics Canada: "We are expanding our retail presence to ensure consumers get the most out of our innovation by learning how to leverage their mobile devices across our ecosystem of consumer electronics.”

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REAL ESTATE

Cabela’s announces three new stores, including its first in North Carolina

BY Marianne Wilson

Sidney, Neb. — Cabela’s Inc. announced plans to enter three new markets – Nanaimo, British Columbia, Canada; Garner, N.C.; and Sun Prairie, Wis.

Construction on Cabela’s 100,000-sq. ft. Garner store – its first North Carolina location – is scheduled to begin next summer. The store is expected to open in spring of 2015.

The building’s exterior will reflect Cabela’s popular store model with log construction, stonework, wood siding and metal roofing. A large glass storefront will allow customers to view much of the store’s interior as they approach the building.

The inside will feature the company’s next-generation layout designed to surround customers in an outdoor experience, including museum-quality wildlife displays and a large mountain replica featuring a built-in aquarium.

In Sun Prairie, Wis., Cabela’s will open a 86,000-sq.ft. store in spring 2015. Construction is scheduled to begin next year. It will be Cabela’s fourth store in Wisconsin.

Cabela’s will open a 50,000-sq.-ft. store in Nanaimo, British Columbia, in fall 2014. It will be Cabela’s first location in British Columbia.

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FINANCE

Tractor Supply produces impressive Q3; enters Wyoming

BY Dan Berthiaume

Brentwood, Tenn. – Tractor Supply Company reported that net income for the third quarter was $64.8 million, up almost 30% from net income of $50 million in the same quarter a year earlier. The company also announced the opening of its first store in Wyoming, as it continues to expand into the Western region of the country

Net sales increased 13.4% to $1.21 billion from $1.07 billion in the prior year’s third quarter. Same-store sales increased 7.5%. The increase in comparable store sales was broad-based and driven by strong results in key consumable, usable and edible (C.U.E.) products as well as seasonal merchandise.

Sales also benefited from an extended spring selling season that resulted from mild temperatures through much of the quarter. The company opened 23 new stores and closed one store in third quarter 2013.

Tractor Supply opened its first store in the state of Wyoming, in Rawlins, Wy, on Oct. 19. The retailer now operates more than 1,200 stores in 48 states.

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