Blockbuster Video's 2 Alaska Stores Close, Leaving Only 1 In Entire Country 1

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...

Walmart Expands Convenience Store Concept, Plans Additional Stores 2

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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