REAL ESTATE

Golf retailer increasing store count

BY Marianne Wilson

A retailer that specializes in premium golf club-fitting services is looking to increase its store footprint.

Club Champion said that it plans to open a minimum of 30 stores during the next two years. The Highland Park, Ill.-based retailer, which sells such brands as Callaway, TaylorMade and PING, is about to open its 38th store.

In addition to fittings and selling golf clubs, Club Champion also offers complete club building, customization, and repair services, including re-shafting, re-gripping, wedge grinding, swing weighting, loft and lie adjustments, face angle adjustments, and custom stamping and painting services.

Club Champion targets locations with a heavy saturation of golfers. The typical store footprint is approximately 3,000-sq.-ft., and includes fitting bays equipped with TrackMan launch monitors, SAM PuttLab, build shop and an extensive equipment wall. The store features over 35,000 hittable head and shaft combinations.

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Ross to open 100 stores in 2018

BY Marianne Wilson

Ross Stores is not backing down from its aggressive expansion.

The off-price giant opened 23 Ross Dress for Less stores and six dd’s Discounts stores across 14 different states in February and March. The new locations are part of the retailer’s plans to add approximately 100 new stores – 75 Ross and 25 dd’s Discounts locations – during fiscal 2018.

“With these recent openings, we continued our growth in both new and existing markets,” said Jim Fassio, president and chief development officer. “Our newest market for Ross Dress for Less is Nebraska, and for dd’s Discounts, we entered Illinois with two new stores.”

The recent openings give the company a total of 1,651 stores across 38 states, the District of Columbia, and Guam. The total includes 1,432 Ross Dress for Less stores and 219 dd’s Discounts

“As we look out over the long-term, we remain confident that Ross can grow to 2,000 locations and dd’s Discounts can become a chain of 500 stores,” said Fassio.

For its recently completed fiscal year, Ross reported net earnings of $1.4 billion, up $1.1 billion last year. Sales grew 10% to $14.1 billion. Same-store sales were up 4%.

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REAL ESTATE

Supercenter retailer to try on smaller-store format

BY Marianne Wilson

Meijer is going urban.

The Midwest retailer plans to open six small-format stores in urban locations, reported mlive.com. Instead of the Meijer name, the stores will have a name that is reflective of their particular neighborhood, according to the report.

Meijer will pilot the concept with a 39,000-sq.-ft. location, called Bridge Street Market, in Grand Rapids, Michigan. The store, due to open this summer, is part of a mixed-use development.

“Ultimately, we hope this is successful enough where it can go all the places where we can’t get in and build a supercenter,” said Mike Kinstle, Meijer’s VP of real estate, in remarks at an International Council of Shopping Centers conference on urban development. “We want this to be a complement to the supercenter format.”

The new format will emphasize fresh foods and locally sourced products along with an assortment of Meijer-branded products, according to the report.

Click here to read more.

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