National Chains and Neighborhood Coffee Shops Threatens Starbucks’ Supremacy 1
By: Jeff Dervech - July 30, 2018 National Chains and Neighborhood Coffee Shops Threatens Starbucks’ Supremacy

Starbucks announces plans to slim and trim approx. 150 underperforming stores in 2019 particularly in urban markets in order to optimize their existing store base! This is a case of opening up stores too close together also known as “cannibalization”. Starbucks is still the 800-pound gorilla but is facing growing competition from trendy, independent neighborhood coffee shops. Starbucks will continue to expand, primarily by shifting their focus from urban to suburban in order to capitalize...

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Grocery-Anchored Sector Since Amazon's Acquisition of Whole Foods 2
By: Jeff Dervech - July 25, 2018 Grocery-Anchored Sector Since Amazon’s Acquisition of Whole Foods

The grocery anchored shopping center has traditionally been one of the safest investments within the commercial real estate sector, considered by many in the past to be “Internet-Proof”. Grocery Stores are seen as anchor tenants that drive traffic to a shopping center which in turn creates a retail synergy that supports the surrounding retail uses. Anchored shopping centers are the preferred retail investment with approx. 48% of investors seeking this product type in today’s market...

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The Fresh Market Closing 15 Store 3
By: Jeff Dervech - July 23, 2018 The Fresh Market Closing 15 Store

Interesting to see Fresh Market close 15 underperforming stores across the Southeast, important to note none of which are located in Florida, however, this decision was made based off an organizational analysis and careful consideration to the company’s overall growth strategy. Fresh Market currently operates 170 stores in 24 states. The company has publicly halted expansion plans for 2018 and has decided to focus on improving the core operations within its existing footprint. Fresh Market...

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Blockbuster Video's 2 Alaska Stores Close, Leaving Only 1 In Entire Country 4
By: Jeff Dervech - July 18, 2018 Blockbuster Video’s 2 Alaska Stores Close, Leaving Only 1 In Entire Country

Over the course of time, retail concepts go through an institutional life cycle. It starts with early growth, accelerated development, maturity and then decline. Blockbuster founded in 1985, grew and peak in 2004 with approximately 9,000 stores. Increased competition from entertainment services, closures, bankruptcy, and more closures lead to its decline. Blockbuster occupied great real estate in shopping centers and strip center plazas, many of these spaces were backfilled with healthcare operated uses. Blockbuster will...

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Walmart Expands Convenience Store Concept, Plans Additional Stores 5
By: Jeff Dervech - July 16, 2018 Walmart Expands Convenience Store Concept, Plans Additional Stores

Walmart opens New Fuel Station in Plano, Texas. The Walmart footprint is approx. 2,900 sf and will be situated in Supercenter parking lots. This comes after testing the c-store model in 2 test locations in Crowley, Texas and Rogers, Arkansas. Walmart plans to open 3 additional fuel stations in the Dallas MSA by year end 2018. This approach serves as a strategy to enter the convenience store business, capitalize on the excess real estate in...

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