News

Smart & Final Expands in California

BY CSA STAFF

Los Angeles, Smart & Final Inc. opened three new California stores in Modesto, Torrance and Gilroy. These new stores bring the total number of stores operated by the company to 249. Year to date, the company has opened 15 new stores and relocated two stores. The average size of the three new stores is about 19,350 sq. ft. The Los Angeles-based retailer of food and food service-supplies operates in six states and northern Mexico.

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FINANCE

Study: Thanksgiving Shopper Traffic Flat

BY CSA STAFF

Chicago, Acompany that tracks shopper traffic at malls and retail centers found a relatively flat sales performance for the Thanksgiving weekend. ShopperTrak RCT Corp.’s Retail Traffic Index (SRTI) today reported that total U.S. retail traffic during the first two days of the annually strong Thanksgiving weekend rose 0.1% as compared to same two-day period in 2004, paralleling the rather flat sales performance reported in the company’s NRSE sales data from the same period this holiday season. On a daily basis, preliminary traffic for Black Friday fell 0.6%, and Black Saturday faired a bit better, rising 1.1%.

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REAL ESTATE

Garden Ridge to Close Store in Airtex, Texas

BY CSA STAFF

Houston, Garden Ridge will close its second-oldest store in the chain, and will relocate it later in 2006. The 35-store Garden Ridge chain lost its Airtex store lease, and will close its doors in January. “This is a bittersweet moment in the history of Garden Ridge,” said CEO Tom Kibarian. “Closing one of the original stores in the chain is hard on everyone, but with Airtex store sales representing less than 2% of the chain, we feel it’s time to relocate the store to achieve continued growth and future expansion.” The store will stay in the Houston area.

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