REAL ESTATE

From Supercenter to ‘Express’ in Storm-Damaged Area

BY CSA STAFF

Bentonville, Ark., Wal-Mart Stores is opening a new “Wal-Mart Express” on the site of its hurricane-damaged Wal-Mart Supercenter in Waveland, Miss. This new store format will offer a merchandise mix focused on the needs of the community, which still is recovering from the devastation of Hurricane Katrina, the company said. Operating more recently as a “tent store” to provide basic needs for residents, the new store will open its doors on Saturday.

The Wal-Mart Express is a new store concept that differs from the footprint of a typical Wal-Mart store. According to Pam Kohn, the division’s senior VP, “The new prototype store will allow us to respond to this community’s immediate needs.” Wal-Mart eventually plans to return the Waveland store to a Wal-Mart Supercenter.

The new 57,000-sq.-ft. store can be entered through the original front entrance and is enclosed within the original 205,800-sq.-ft. building by dust-proof, insulated walls. The merchandise mix will differ from a typical Wal-Mart store, focusing on essential items, in the quantities and sizes needed for the community, as it continues to rebuild from the storm.

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REAL ESTATE

Coldwater Creek Raises Expansion Plans

BY CSA STAFF

Sandpoint, Idaho, Coldwater Creek has upped its 2006 expansion plans to 65 stores from the previously announced 60, the company said. Locations have already been confirmed.

The stores to be opened in 2006 will average 5,500 sq. ft., or 500 sq. ft. larger than previously planned. The retailer expects to have 239 stores in operation by Thanksgiving 2006.

Coldwater Creek is on track to add 60 stores this year, with 174 locations in place by the holiday season.

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Southaven Towne Center Opens

BY CSA STAFF

Southaven, Miss., Southaven Towne Center opened here, near Memphis, Tenn. The open-air shopping center from CBL & Associates Properties, based in Chattanooga, Tenn., is a 447,000-sq.-ft. center. Tenants include J.C. Penney, Circuit City, Linens ‘n Things, Pier 1 Imports, Sportsman’s Warehouse, Cost Plus World Market and Gordmans, plus more than 30 small shop retailers and numerous restaurants.

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