REAL ESTATE

Sportsman’s Warehouse to open Colorado, Arizona stores

BY Dan Berthiaume

Midvale, Utah – Sportsman’s Warehouse is expanding with new locations in Sheridan, Colorado and Flagstaff, Arizona. The Sheridan store will be the fifth Sportsman’s Warehouse location in the state of Colorado and the Flagstaff location will be the fourth location in the state of Arizona.

Both of these stores are planned to open in the summer 2015. These locations are part of the eight new stores that Sportsman’s Warehouse plans to open in 2015.

"We are excited to announce these two store openings in areas where we have an extremely loyal customer base,” said John Schaefer, CEO. “We remain confident in our plan to not only increase same-store sales through the many in-store initiatives we have implemented, such as our store-within-a-store program with selected clothing partners, but also grow the business on a unit level by taking advantage of the significant white space available to us.”

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 ...
FINANCE

ICSC puts Halloween-related spending at $11.4 billion

BY Marianne Wilson

New York — Nearly three-quarters (74%) of U.S. households plan to spend money on Halloween-related items, according to the International Council of Shopping Centers (ICSC) Halloween Consumer Spending Survey. The total for Halloween-related spending is expected to be approximately $11.3 billion in 2014.

Excluding households that don’t plan to spend anything on Halloween, the average household plans to spend $125 this year on candy, costumes, decorations or other Halloween-related items. Eight-out-of-10 households plan to spend the same or more on Halloween compared to last year, with

Similar to ICSC’s back-to-school shopping survey, the Halloween survey indicates that sales and promotions will be the biggest factor in the decision to shop at a particular location for Halloween-related items. When asked what influences them the most when choosing a store for Halloween, 64% of consumers said sales or the lowest price, 31% said the ability to physically see, touch or try on the merchandise and 29% said convenience/one-stop shopping/good parking.

The focus on price, along with an interest in one-stop shopping, could account for discount stores claiming the top spot this Halloween: 34% of spending will take place at discount stores; behind discounters, supermarkets are expected to grab 18% of purchases; followed by clothing and costume stores (13%); drugstore chains (11%); and wholesale clubs (9%).

Overall, according to the survey, more than 90% of households will select brick-and-mortar retail stores as the preferred venue for Halloween shopping, and online is expected to see a 7% share of purchases.

Researching and planning ahead online before buying in-store continues to be an integral part of the shopping experience this fall, with 41% of households planning to participate in ‘webrooming’ – researching online before purchasing Halloween-related items in physical stores.

In addition to being a significant shopping destination for Halloween-related items, shopping centers and malls continue to evolve into community hubs. Out of the parents planning to take their children trick-or-treating this year, 17% will participate in a Halloween event sponsored by a mall or shopping center in 2014, in addition to more traditional neighborhood trick-or-treating and school events. The top costume for boys this year will be a superhero and the top costume for girls in 2014 will be a princess.

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 ...
FINANCE

Report: Court overturns $1 million RadioShack receipt settlement

BY Dan Berthiaume

Fort Worth, Texas – A class-action settlement RadioShack Corp. reached with consumers that offered them $10 vouchers as compensation for printing their credit and debit card expiration dates on receipts has reportedly been overturned by the 7th U.S. Circuit Court of Appeals in Chicago. According to Reuters, a panel of three federal judges said the total $1 million settlement is too small considering the amount of legal fees that must be paid.

The judges also said that the possibility of RadioShack going bankrupt, which would prevent plaintiffs from collecting anything, may have hastened them into accepting an unfair settlement while the company is open. In addition, the judges said many vouchers may never be redeemed, further reducing the settlement’s value.

"We built protections into this settlement in the event RadioShack were to file for bankruptcy, and believed the alternative to this settlement was that the class would get nothing," said Paul Markoff, an attorney for the plaintiffs. "Now that the settlement has been thrown out, that may be the most likely scenario."

RadioShack did not comment.

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 ...