Archive for the ‘NNN net leased’ category

Weekly Retail News Recap July 30, 2010

July 30, 2010

WEEKLY RETAIL RECAP

  • Golfsmith profit dips in Q2
    Golfsmith International Holdings said Thursday that net income for the quarter ended July 3 dropped to $6.2 million, from $6.8 million a year earlier.
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  • Best Buy forms partnership to offer broadband service
    Best Buy Co. announced Thursday that its subsidiary Best Buy Connect and wireless service provider Clearwire Corp., based in Kirkland, Wash., have forged a wholesale relationship that will allow Best Buy to use Clearwire’s 4G network to offer mobile Internet service to customers under the Best Buy Connect service.
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  • Guess to open Manhattan flagship
    Guess will open its largest U.S. store to date, a two-level, 13,000-sq.-ft. flagship on Fifth Avenue in Manhattan, in December, according to Women’s Wear Daily.
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  • Brookstone loss widens in Q2
    Brookstone reported Tuesday that it recorded a loss of $12.5 million in the quarter ended July 3, compared to a loss of $10.5 million in the year earlier period.
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  • Supervalu profits plummet 40% in Q1
    Supervalu, operator of Albertsons, Jewel-Osco, Shaw’s, Save-A-Lot and Cub Foods, reported Tuesday that its first-quarter net income dropped 40%, earning $67 million in the quarter ended June 19, compared with $113 million in the year-ago period.
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  • Target takes Manhattan
    Target officially opened its first-ever store in Manhattan, a 174,000-sq.-ft. outlet at East River Plaza in East Harlem.
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  • Amazon.com Q2 profit up 45%
    Amazon.com reported that net income increased 45% to $207 million in the second quarter, compared with net income of $142 million in the year-ago period.
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Weekly Retail Recap July 23rd, 2010

July 23, 2010

WEEKLY RETAIL RECAP

  • Menard wins Wisconsin Supreme Court appeal
    The Wisconsin State Supreme Court has sided with home-improvement retailer John Menard, who sought to overturn an arbitration decision in a wrongful termination case against his former general counsel.
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  • NPD: More digital games purchased in stores than online
    According to the PC Games Digital Downloads: Analyst Report, from The NPD Group, in 2009, 21.3 million PC Game full-game digital downloads were purchased online in the United States compared with 23.5 million physical units purchased at retail during the same period.
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  • Roundy’s to expand in Chicago
    Grocery retailer Roundy’s said it has plans to open between 12 and 18 stores in the Chicago area over the next five years under the Mariano’s Fresh Market banner, according to a report by Supermarket News.
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  • Sprouts offers high-efficiency HVAC, refrigeration solutions
    A new Sprouts Farmers Market that opened late June in Culver City, Calif., is projected to use 50% less refrigerant than the industry average, thanks to high-performance heating, ventilation, air conditioning and refrigeration solutions that meet the company’s sustainability objectives.
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Institutional Investors Throwing Big Money Around Over A-Quality Retail Property

November 14, 2009

Wednesday November 11, 2009 08:04 PM

After what’s seemed like an eternity of little or no action in the retail property investment arena, several major retail investment transactions north of $100 million have surfaced since October. Considering that news of retail property sale transactions higher than even $25 million have been few and far between for the past year, does this latest string of large deals signify the start of a …

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Burger King to overhaul 12,000 locations worldwide

October 12, 2009

Chain Store Age

New York City ( October 7, 2009 )

Burger King Corp. plans to update its restaurants to a hipper, more contemporary look, the Associated Press reported.

As part of a plan to be revealed Wednesday in Amsterdam, the chain will announce an ambitious program to redo 12,000 locations worldwide. The new interiors will be sleek and modern, with rotating red flame chandeliers, digital TV-screen menus and industrial-inspired corrugated metal and brick walls.

“I’d call it more contemporary, edgy, futuristic,” chairman and CEO John Chidsey told The Associated Press. “It feels so much more like an upscale restaurant.”

The new look is expected to cost franchisees, who operate 90% of Burger King’s locations, between $300,000 to $600,000 per restaurant, the report said.

The company said the new design, which is referred to in house as “20/20,” is already in place at about 60 locations around the world. Burger King expects about 75 more redesigned restaurants to be open by the end of next year.

Burger King franchise owners are contractually required to update their restaurants after a set period of time, and executives said the redesign will be the primary option for future upgrades. All new restaurants will be built using the plan, according to the Associated Press.

So far, remodeled restaurants have seen sales climb about 12% to 15% while restaurants that are torn down and completely rebuilt at the same location have seen sales climb by as much as 30%, Chidsey said in the report.

Marcus & Millichap to market Atlanta Trophy Retail

October 4, 2009

New CVS, 25-years NNN, East Cobb (Atlanta)

September 22, 2009

100% Leased Shopping Center, Kroger Outparcels, Atlanta(MSA)

September 22, 2009