REAL ESTATE

Staples unveils plan to close 60 stores, invest in online/mobile efforts

BY Katherine Boccaccio

Framingham, Mass. — Staples Inc. announced Tuesday a strategic plan to shore up sales and profitability that will involve accelerating the closure of 15 U.S. stores and 45 stores in Europe.

The office supplies retailer also said it will ramp up investment in its online and mobile efforts.

The announcement comes after a soft second quarter in which profit and traffic dipped downward.

In all, Staples said it will close about 30 U.S. stores this year, as well as relocate and downsize another 30. In Europe, all 45 closures are expected to occur prior to fiscal year-end.

Staples also announced that it has appointed John Wilson as president of Staples Europe, replacing Rob Vale who is retiring. Demos Parneros will lead U.S. retail and online efforts for Staples.

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REAL ESTATE

Macy’s expanding presence in Las Vegas

BY Marianne Wilson

Cincinnati — Macy’s is enhancing its presence in the Las Vegas market. The department store retailer has signed on as the first anchor tenant at the Shops at Summerlin, in west Las Vegas.

Macy’s will build a two-level, 180,000-sq.-ft. store in the open- air center, which is being developed by The Howard Hughes Corp. The new Macy’s is expected to open in fall 2014, with construction beginning in fall 2013.

The 1.5 million sq.-ft. Summerlin will feature over 125 stores and restaurants.

In addition, Macy’s will expand its presence in the Fashion Show Mall in Las Vegas, with a new two-level, 105,000-sq.-ft. Macy’s Men’s Store to open in spring 2013.

The new Macy’s Men’s Store will be located in a former Robinson’s-May location that currently is vacant. Macy’s will occupy about half the space, with construction expected to begin in October 2012.

With these two new locations, Macy’s presence in the Las Vegas market will expand to a total of seven stores.

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Study: Retail health clinics, urgent care centers a $10B market and growing

BY Antoinette Alexander

Tampa, Fla. — The retail health clinic and urgent care center market currently is worth about $10 billion and is poised for strong growth in the coming years as the shortage of primary care physicians and crowded emergency rooms increasingly move patients to retail sites, according to new data by Marketdata Enterprises, an independent market research publisher.

Marketdata Enterprises has released the new 132-page report entitled, “The Market For Retail Health Clinics & Urgent Care Centers.” The study explores the nature of the business; industry size and growth; demand factors; patient demographics; effects of the recession and the Patient Protection and Affordable Care Act; operating ratios; major competitors and more.

“The primary care MD shortage is getting worse and consumers with less insurance are increasingly using retail health clinics for kids’ physicals, flu shots, ear infections, sore throats and minor ailments. Soon, they’ll be using these clinics for diabetes monitoring, weight-loss programs and more,” research director John LaRosa said.

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