REAL ESTATE

Shoppers Food & Pharmacy completes renovation at Southside Marketplace

BY CSA STAFF

Baltimore — Jacksonville, Fla.-based Regency Centers on Tuesday announced the completion of an interior and exterior store remodel of Shoppers Food & Pharmacy at Southside Marketplace, located in Baltimore.

The newly renovated anchor includes an upgraded shopping experience with updated finishes, lighting and store fixtures inside and out.

The grocer facelift is part of a $7 million renovation of Southside Marketplace, a 125,146-sq.-ft. neighborhood center anchored by Shoppers Food & Pharmacy. Center upgrades will include a new exterior facade, upgraded architectural components, new pedestrian plaza, signage, lighting, landscaping and parking lot improvements. The facade improvements and parking lot paving will begin in January 2011. All retailers at the center will remain open during the renovations which are scheduled for completion in May 2011.

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NRF raises holiday forecast

BY CSA STAFF

Washington – After a solid start to the holiday season, the National Retail Federation announced that it is revising its holiday forecast to 3.3%, up from 2.3%. The upward revision is due to improvement in a variety of economic indicators including stock market gains, recent income growth, savings built up during the recession – all giving consumers the capacity to spend.

According to the National Retail Federation, November retail industry sales (which exclude automobiles, gas stations, and restaurants) increased 0.8% seasonally adjusted over October and 6.8% unadjusted over last year.

“The start to the holiday season has surpassed all expectations,” said NRF president and CEO Matthew Shay. “While employment data is still a concern, we are starting to see improvement in other economic indicators that support an increase to our forecast. In order to sustain this momentum for retailers and the U.S. economy, there must be a renewed focus on jobs as we enter the new year.”

Sales at clothing and clothing accessory stores increased 2.7% seasonally adjusted over last month and a strong 9.6% unadjusted year-over-year. Sporting goods, hobby, book and music stores sales increased 2.3% seasonally adjusted month-to-month and 15.5% unadjusted year-over-year.

Health and personal care stores sales increased 0.9% seasonally adjusted over last October and 7.3% unadjusted over last year. General merchandise stores sales increased 1.3% seasonally adjusted over last month and 4.2 % unadjusted year-over-year.

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Working with Walmart: What suppliers really think

BY CSA STAFF

If the eyes are the window to the soul, then Walmart’s suppliers are the window to its future thanks to the truly unique relationship the retailer enjoys with its trading partners. Walmart brought new meaning to the concept of collaboration when it pursued a strategy of data transparency decades ago that enabled fact-based decision making. Suppliers embraced what at the time was a novel approach in the retail industry and their support over the years facilitated Walmart’s expansion, sales growth for all concerned and low prices for consumers.

Connecting Northwest Arkansas thought it was an ideal time to take the pulse of the Walmart supplier community in Northwest Arkansas. The goal was to gauge the extent to which Walmart’s suppliers are aligned with the company on some long-held tenets of the business relationship that are seen as critical to improving performance in addition to gathering suppliers’ thoughts on their needs, concerns and competition.

The project was undertaken in the spirit with which Connecting Northwest Arkansas was created more than five years ago to serve as, “the supplier community resource.” We worked closely with Cameron Smith and Associates to leverage the recruiting firms’ contacts in the supplier community which were essential to securing responses from 139 participants. Those who participated represent suppliers large and small across the spectrum of categories sold at Walmart. Virtually all of the respondents are based in Northwest Arkansas where collectively their companies employ approximately 2,000 people and interact with Walmart at all levels of the organization during the course of selling billions of dollars worth of merchandise worldwide.

Click here to download the survey.

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