REAL ESTATE

Tesco plans superstore growth surge

BY CSA STAFF

London Tesco said it is planning a “massive superstore surge’ before proposed restrictions, according to a report by the Financial Times.

The retailer is planning to add around 75 new supermarkets across Britain before a proposed clampdown that would restrict its ability to expand.

The country’s largest retailer has lodged nearly double the number of planning applications as its two largest rivals combined, according to data obtained by The Times.

The intense planning activity comes as ministers discuss new rules that would limit new store openings by locally dominant chains. One rival accused Tesco of planning a “surge” in new stores before a proposed competition test that would threaten its expansion plans.

Tesco has approximately 76 outstanding planning applications, from convenience stores to hypermarkets. Most have been lodged in the past year. Asda and J Sainsbury have submitted only about 45 between them, excluding extensions.

The competition watchdog has recommended a new test making it harder for supermarkets to open new stores in areas where they are already dominant. The Department for Communities and Local Government is planning its response, according to the report.

A list of Tesco’s planning application suggests that more than 80% of the proposals are for larger stores, including about a dozen applications for huge Tesco Extras.

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REAL ESTATE

Golfsmith opens largest golf and tennis store in Calif.

BY CSA STAFF

Irvine, Calif. Golfsmith International Holdings announced the unveiling of its new 40,000-sq.-ft. playground for golfers and tennis players in Los Angeles and Orange County, Calif.

The new Golfsmith Xtreme in Irvine, Calif., is the largest golf and tennis store in California.

Based on the retailer’s interactive superstore format, Golfsmith Xtreme features an expansive nine-bay indoor driving range with state-of-the-art launch monitors and Certified PGA Pro golf instruction from GolfTEC.

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Target to open holiday pop-up shops

BY CSA STAFF

Minneapolis Target is opening three Target To-Go temporary stores in New York City, San Francisco and Washington, D.C.

The To-Go shops will feature 50 items, including toys, gadgets, home decor, beauty and fashion. Customers order the items by number, which come wrapped and ready for gift giving.

Target To-Go will be open to the public from Dec. 11 to Dec. 13, from 10 a.m. to 8 p.m. daily.

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