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Despite overall growth, Dollar Tree announced in March the closure of 970 Family Dollar Stores and 30 Dollar Tree stores as part of its “portfolio optimization review.” By the end of the first quarter of fiscal 2024, 550 stores officially closed. An official list has not been released, but according to CBS News, as of More
Discount and dollar stores saw a rise in demand during the holiday season as consumers hunted for lower prices and more options amid economic fluctuations. Major players such as Five Below, Ollie’s Bargain Outlet, Dollar General and Dollar Tree saw seasonal growth. Watch for many of these brands to expand their footprint and adapt their More
Non-luxury item retailers are benefiting from consumers tightening their belts. These chains are offering new merchandise, as well as plans to add additional units this year. The southern region currently leads in retail leasing, but investors should expect the South and more remote areas to see continued development as retailers execute their expansion plans to More
As high inflation rates hold steady, consumers are focusing spending on their homes and affordable luxuries that feel more attainable than high-ticket items and experiences. This so-called “lipstick effect” often occurs during times of economic uncertainty and, most recently, is the cause of retailers in the personal care sector leading sales growth across the industry. More
Primestor acquired the 357,000-s.f. grocery-anchored retail community center in Oxnard for $252 per square foot. The buyer liked that the property was well leased and features anchors such as The Home Depot, Nordstrom Rack, Staples, Dick’s Sporting Goods, T.J. Maxx and Walmart Neighborhood Market. Other tenants include World Market, Tillys, Boot Barn, In-N-Out Burger and More
Placer.ai released its Q1 2024 Retail & Dining Review that looked at how all the different retail segments performed during the first quarter of 2024 based on foot traffic. The year had a slow start, but things picked up, leading to an overall fairly successful quarter. Discount/dollar stores had the best performance, while dining — More
Below are some of the hottest fast-casual restaurant chains that are expanding throughout the country. Many of these chains are looking to enter new markets this year, as well as test out new unit types. Greek concept brings its first drive-thru unit to Texas West Coast-based Nick the Greek recently opened a unit in Porter, More
A single-tenant triple-net-leased investment property occupied by Topgolf sold for $7.67M in Omaha. Hanley Investment Group Real Estate Advisors arranged the sale of the building, which houses the only Topgolf location in Nebraska. Hanley Investment Group’s EVP Jeff Lefko and EVP Bill Asher represented the seller and developer, a private investor based in Omaha. The More
