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
Discounts Drive July Same-Store Sales Gains
Many retail chains are reporting healthy retail sales for the month of July, with same-store sales rising by more than 4.0 percent.
Amazon Battles States Over Sales Tax
Since 1994 Amazon, the world’s largest retailer, hasn’t charged sales tax in most states. Now, States are wanting that sales tax and battling Amazon to receive them.
2011 Hot 100 Retailers
The National Retail Federation ranks the top 100 hottest retailers of 2011.
http://www.stores.org/hot-100-retailers
The 2011 QSR 50
Quick Service Restaurant Magazine takes a look at the top 50 quick serve and fast casual brands in the US.
http://www.qsrmagazine.com/reports/2011-qsr-50
'Local' Grows on Wal-Mart
“Locally grown” is one of the biggest trends in supermarkets right now. Walmart is starting to look into selling local produce to satisfy their consumers’ preferences while still trying to maintain their low prices.
Increasing globalization drives international brands to enter U.S. market
US retailers have slowed or stopped their national expansion; shifting focus to open stores overseas. Conversely, International retailers are making a strong push to expand into the United States.
http://retailtrafficmag.com/news/new_concepts_08012011/
Eight major retailers taking a major beating
Even after the recession, some retailers haven’t bounced back, but total sales are not their only problem.
http://www.msnbc.msn.com/id/43974931/ns/business-consumer_news/?ocid=twitter
Retailers find shoppers at airports
Airports are the new sweet spot for retailers. A captive audience with plenty of free time is driving this interest.
http://www.boston.com/business/articles/2011/08/02/retailers_find_shoppers_at_airports/
Upscale Grocers Continue to Shape the Supermarket Sector
Upscale grocers remain hot commodities for landlords due to the increasing desire among shoppers for healthier, local and organic foods.
http://retailtrafficmag.com/news/retail_missing_middle/
Dowdy Department Stores Start Looking Cool Again
Department stores have expanded market share after almost a decade of contraction, according to data from Customer Growth Partners, a retail consultancy.
Bing Maps The Mall
Bing is adding 400 shopping mall maps to improve their indoor mapping effort.
http://searchengineland.com/bing-goes-to-the-mall-bigtime-88456
National Chart View
Regional View
Wal-Mart may add an economic Influx in Marple
The new Walmart at the Marple Crossroads Shopping Center in Springfield, PA is creating many jobs and helping to improve the economy of the area.
http://delcotimes.com/articles/2011/08/05/news/doc4e3b587e85940158864826.txt
Schuylkill Mall to open first 'digital drive-in' in the state
The Schuylkill Mall is opening the state’s first drive-in theater using digital projection technology.
Signals project could ease mall traffic
Neshaminy Mall will soon have improved access due to a grant through PennDOT’s Automated Red Light Enforcement program.
Former LCB chief comes out in favor of privatizing State Stores
Jonathan Newman, the former chairman of the Pennsylvania Liquor Control Board, has seen the state's liquor monopoly from the inside, and now he's ready to see it change.
Fine Print: Former Pathmark shopping center in Cherry Hill sold
A 54,000-square-foot retail center located at the intersection of Route 70 and Brace Road in Cherry Hill, NJ was sold for $1.7 million.
Regional Chart View
Center City Philadelphia View
Former Blue Horizon Boxing Arena On N. Broad St. Will Become Restaurant-Hotel
The historic Blue Horizon boxing arena be redeveloped into a hotel & restaurant.
Reading Terminal Market's makeover
While already popular, the Reading Terminal Market’s stock increased even more with the recent expansion of the Convention Center. Now, the market is being revitalized and a master plan is in place to better utilize the space which will result in the addition of more food purveyors.
http://articles.philly.com/2011-07-31/business/29835932_1_reading-terminal-market-dinic-stamps
Center City Philadelphia Chart View:
Central/North Jersey View
Local Business Report: State applauds BJ's Wholesale Clubs for selling Jersey Fresh
20 locations around the State have made commitment to sell “Jersey Fresh” produce resulting in positive feedback.
http://www.thedailyjournal.com/article/20110730/NEWS01/107300312
Developers of mixed-use center in Washington Township seek tax abatement again
Washington Square Partners LLC, the developer of a proposed mixed-use project that includes 70,000 square feet of retail space, went to the township last week to request a tax abatement to start construction.
http://www.nj.com/gloucester-county/index.ssf/2011/07/developers_of_mixed-use_center.html
Internet sales tax legislation would impact North Jersey businesses
New Jersey’s state budgets are smaller than ever before. Now, federal lawmakers are looking to Internet sales taxes to help increase revenue for the state.
Walmart adds Ticketmaster kiosks to 26 NJ stores
Walmart has teamed up with Ticketmaster and has plans to sell tickets in 45 of its stores; 26 of them in New Jersey.
http://www.nj.com/business/index.ssf/2011/08/walmart_adds_ticketmaster_kios.html
New Golden Triangle deal moving forward
A new development named Golden Triangle will bring retail space, including a big-box store, in a deal recently negotiated between the township of East Brunswick and Toll Brothers.
Fameco View
 |
 |
||
 |
|||
|
Fameco Real Estate's new Center City office continues to make an impact on the retail scene. We are pleased to have been appointed by the following retailers to assist them with their store expansion programs in Center City, as well as in southeastern PA, New Jersey and Delaware. |
||
 |
|||
| For more information on how Fameco can assist your organization, contact Brandon Famous at 215.557.0050 or e-mail bfamous@famecoretail.com | |||
    |
|||
Philadelphia Phun Phact
Follow Visit Philly on Facebook
Join our fan page and you'll be the first to know about events, promotions and more.
http://www.facebook.com/visitphilly
Did you know?
Desserts spelled backwards is stressed.
PLYMOUTH MEETING, PA 633 W Germantown Pike, Suite 200 • Plymouth Meeting, PA 19462 • p 610.834.8000 • f 610.834.1793 |
The Power of Retail |
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.