Aerial View is a weekly industry recap that provides a snapshot of relevant retail news from around the nation and in our region.

National View

Macy's announces round of closures, store openings

Macy’s Inc. announced that they will be closing several Macy’s and Bloomindale’s locations over the next year.

http://www.bizjournals.com/cincinnati/news/2012/01/04/bloomingdales-closing-at-mall-of.html

Dunkin' plans for growth with purchasing coop agreement

Dunkin’ Brands Inc. has signed a long-term agreement with National DCP. Dunkin’ Brands said this agreement would accelerate the chain’s continued expansion plans. The company plans to double the number of U.S. Dunkin’ Donuts units to 14,000.

http://nrn.com/article/dunkin-plans-growth-purchasing-coop-agreement

Dollar General to Open 625 Stores in 2012

Discount retailer Dollar General Corp. announced that it plans to open 625 new stores in 2012.

http://www.knoxnews.com/news/2012/jan/03/dollar-general-to-add-6000-jobs-in-2012/

Jake’s Wayback Burgers Targets New States in 2012

Jake’s Wayback Burgers announced that it will open numerous locations throughout the US in 2012 and several are already under construction.

http://www.qsrmagazine.com/news/jake-s-wayback-burgers-targets-new-states-2012

Subway plans to open 2,500 stores in 2012

Subway has become the world's largest restaurant chain in terms of number of locations. Subway's growth is expected to continue into 2012, with plans to add 2,500 more restaurants.

http://www.qsrweb.com/article/188465/Subway-plans-to-open-2-500-stores-in-2012

Sears closing more stores as holiday sales slide

Sears Holdings Corp said it will close up to 120 stores in its Kmart and namesake chains to focus on stronger stores. Kmart and Sears have a combined 2,177 U.S. big box locations.

http://www.reuters.com/article/2011/12/27/us-sears-sales-idUSTRE7BQ0AV20111227
Locations to close: http://www.searsholdings.com/about/122711_close.htm

2011 Retrospective: Major Retailers Rebound

The economy may have had troubling times during 2011, but shopping rebounded for more affluent shoppers.  This rebound helped department stores such as Nordstrom and Saks report solid sales in the past year.

http://www.apparelnews.net/news/retailing/2011-Retrospective-Major-Retailers-Rebound

A Strong Holiday Shopping Season Bodes Well for 2012

2011 holiday shopping showed strong sales numbers for U.S. retailers, promising a stable 2012.

http://retailtrafficmag.com/research/articles/strong_holiday_shopping_season_01052012/

Report: Consumers spent $44 billion on holiday 2011

According to a report released by ShopperTrak, consumers spent approximately $44 billion in retail sales for the week ending Dec. 24.

http://www.chainstoreage.com/article/report-consumers-spent-44-billion-holiday-2011

National Chart View

Regional View

Giant Buys Sixteen Area Genuardi's Stores

GIANT Food Stores has entered into an agreement with Genuardi’s Family Markets, owned by Safeway, to acquire sixteen Genuardi’s stores in the Philadelphia region.

http://norristown.patch.com/articles/giant-buys-sixteen-area-genuardi-s-stores

First slots arrive at Revel, new AC casino

Revel casino in Atlantic City, NJ is scheduled to open on May 15th.   Its first slot machines arrived last week.

http://www.philly.com/philly/business/20120104_ap_firstslotsarriveatrevelnewaccasino.html#ixzz1iX8JbPKt

Stories to Watch 2012: Einstein Medical Center Montgomery slated for September 2012 opening

The Einstein Medical Center Montgomery (EMCM) in East Norriton is slated to open in September 2012

http://www.timesherald.com/article/20111231/NEWS01/111239940&pager=full_story

Regional Chart View

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Center City Philadelphia View

Philadelphia Inquirer Owner Takes 125,000 SF at Gallery at Market East

According to PREIT, the Philadelphia Media Network, owner and publisher of The Philadelphia Inquirer, Daily News and Philly.com, has leased 125,000-square at The Gallery at Market East. The property is located between the Philadelphia Convention Center and the National Constitution Center.

http://www.globest.com/news/12_255/philadelphia/leasing/-317027.html?ET=globest:e28620:257927a:&st=email

Center City Philadelphia Chart View

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Central/North Jersey View

Hamilton-based spa chain expands for business clients

This year Hand & Stone, a massage and facial spa will be focusing on growth in North Jersey.  The company currently has established base of 20 locations in the state located in the central and southern regions. Other regions for expansion include Philadelphia, Central Florida and North Carolina.

http://www.njbiz.com/article/20120102/NJBIZ01/120109976/Hamilton-based-spa-chain-expands-for-business-clients

Fameco View

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Philadelphia Phun Phact

Winter Classic is more than a game

Philadelphia recently hosted the Winter Classic.

http://espn.go.com/nhl/winterclassic12/story/_/id/7416948/winter-classic-more-game

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Fameco Real Estate, L.P. does not warrant the accuracy or completeness of the information in this newsletter or on linked web sites. Our newsletter includes these links as a convenience to the reader. For those linked sites not under our control, we expressly disclaim any and all responsibility for the content thereof. The copyrights in quoted and linked articles belong to their respective owners.