Month: January 2018

Friday Feels January 26

Toys “R” Us, a gloomy day indeed.

A lot of childhood memories come from Toys “R” Us, from running through the aisles pretending I was on “Nickelodeon Super Toy Run” to just going to look at bicycles. While these store closings are not surprising following their filing for Chapter 11 bankruptcy back in September, they are for the best. The toy giant is set to close 180 more stores following their closure of the iconic Times Square location back in 2015. 180 stores is about 20% of their locations, with 1,600 total today. Q3 sales fell by 7% in the US and they realized a net loss of over $862 million in the first 9 months of 2017.

My personal opinion, these closings will help Toys “R” Us bounce back, maybe not to where they were but progress forwards nonetheless. While big box retail as a whole is down due to online shopping, there is nothing like the feeling as a child going to pick out a special toy for your birthday in person.

Below are a few articles that I found interesting this week:

Toys R Us to Close 182 Stores Across the US

Toy R Us Exiling 6 DFW Stores To The Isle Of Lost Toys (DFW Specific)

TEXAS (From link above)

  • West El Paso: 801 Mesa Hills Dr.
  • Katy: 9730 Katy Freeway
  • Allen: 170 E. Stacy Road
  • Irving: 7730 N. MacArthur Blvd
  • Lewisville: 420 E. Round Grove Rd
  • Dallas: Galleria 13710 Dallas Parkway
  • Hurst: 1309 W. Pipeline Rd
  • Hulen: 5800 Overton Ridge Blvd

Walmart is building a Tinder for grocery shopping — and it could solve one of shoppers’ top complaints

Alibaba, US grocer Kroger had early business development talks: Source

Choosing The Right Property Is About More Than Location In Today’s Retail Climate

Growing Boeing Snaps Up More Space At Legacy West

Amazon Go market’s public opening: Long lines in, but getting out is fast

6 Reasons An Amazon-Target Merger Could Be Bad For Shoppers

QIC closes on third mall in 10-mall deal

Bank HQ To Be Tallest In McKinney

Overstock Climbs on Report That Kroger Might Be Eyeing Deal

Dallas Cowboys owner Jerry Jones’ real estate company has plans for a new project in Irving

Kohl’s shares could pop 50 percent as Amazon partnership ramps up

What have you been reading this week? Please comment below with any interesting articles or topics you would like to see covered.

Some of these articles may only be available for a limited time and may require registration to view. Marcus & Millichap and Tim Lepore are not affiliated with these organizations.

Photo Credit

Friday Feels January 18

Amazon Effect part 15… This past week every city/state/province has been talking about the Amazon 20 and where HQ2 will end up. Everyone’s views differ on this subject but here are mine:

Being from Boston and having lived in Manhattan for a few years, I think that NY, NJ, MA are all terrible decisions for different reasons. I understand the logic behind them, however, all 3 are far too overpopulated, the 4 airports (6 if you include CT and RI) between them cannot handle the amount of foot traffic that Amazon will bring/need, and beside the MTA, the other public transits are simply not reliable enough to handle 50k more people.

I won’t bore you with full explanations on why I believe or don’t believe in each location ,but my top 3 in no particular order are:

Dallas, Miami, and Washington D.C.

Dallas-

Pros: 2 airports (1 international); close proximity to Mexico and middle of the country to get anywhere in the US within 5 hours flying time; shipping ports 4-6 hours South; have enough land to build and house all new employees/HQ buildings; have enough people to likely fill the 50k jobs being brought; great proximity to many Corporate HQs in DFW; Trinity River Park

Cons: DART is not reliable and does not reach a large enough target; not far enough East that it would make complete sense; location would likely be Victory Park or Las Colinas which are both not exactly the location Amazon is seeking

Miami-

Pros: Booming city; International airport and large shipping hub; easy flights to East Coast, Islands, and Europe; have enough land/redevelopment that they could easily accomodate

Cons: Metrorail (don’t know too much about it); Hurricanes/Natural Disasters are a large worry down here; Cost of living is high downtown

Washington D.C.-

Pros: 2 large airports and many others close by; great proximity to many Corporate HQs in Alexandria; East Coast access; M-Metro

Cons: Building heights due to the height restriction laws; shipping ports (Potomac is a pain); not much area to build downtown.

 

Below are a few articles that I found interesting this week:

Breaking News: Amazon Narrows HQ2 Search to 20 Markets

Japanese retailer to enter the United States

Kroger is said to consider buying online wholesaler Boxed for up to $500 million

Amazon to pop 23% this year to near $800 billion value on new advertising venture, analyst says

The Energizer Bunny Is Buying Rayovac in a $2 Billion Deal

Why the death of retail jobs may be greatly exaggerated

DFW Retail Occupancy in 2017 Was Second-Highest in 30-plus Years, Weitzman Report Says

Apple is now free to bring home its overseas cash — here’s what it might do with it

‘Entire aisles are empty’: Whole Foods employees reveal why stores are facing a crisis of food shortages

What have you been reading this week? Please comment below with any interesting articles or topics you would like to see covered.

Some of these articles may only be available for a limited time and may require registration to view. Marcus & Millichap and Tim Lepore are not affiliated with these organizations.

Photo Credit

Friday Feels January 12

What is the future of retail? Is it dying? Is it prospering? Many of the articles we read (especially this week) point towards brick and mortar stores going out of business. Walmart abruptly closing 63 stores on Thursday makes a strong case for this theory.

My personal opinion is that retail is here to stay. While shopping malls may not be flourishing, smaller strip centers are popping up all over. Big box shadow anchors are exceeding expectations and national credit is not shying away from the Collin and Dallas county push.

Below are a few articles that I found interesting this week:

Walmart is abruptly closing 63 Sam’s Club stores and laying off thousands of workers

Future Of Malls? The Price For Overbuilding Is Coming Due

22% Of Amazon Echo And Google Home Owners Shop By Voice; Sales Doubled In 2017

Lower Greenville Restaurant Fights Back Against Post-Construction Slump

Maxus Realty Trust Buys Large Portion of Frisco Square

Former Walmart.com CEO says Walmart store closures are a good sign for e-commerce

Quiksilver parent company to buy Australia’s Billabong for about $155 million

Neiman Marcus Names Geoffroy van Raemdonck Chief Executive

What’s Amazon’s Next Acquisition Target? Retail Experts Share Their Picks

What have you been reading this week? Please comment below with any interesting articles or topics you would like to see covered.

Some of these articles may only be available for a limited time and may require registration to view. Marcus & Millichap and Tim Lepore are not affiliated with these organizations.

Friday Feels January 5

2017 was a huge year for Retail in DFW and Texas as a whole. We saw CAP rates start to level out for the first time in 18 months as interest rates began to tick upwards. 2018 will surely bring a lot of change. I am excited to see what is in store for the Retail market here in North Texas.

Below are a few articles that I found interesting this week:

Village At Allen To Sell To New York Investor

What To Watch in Dallas-Fort Worth Real Estate in 2018

Top Shopping Trends Of 2018

2018 Retail Market Outlook: Correcting the ‘Apocalypse’ Narrative

The 10 Biggest Real Estate Stories of 2017

Frisco Council Approves ‘Green’ Community

Report: Walmart in early stage of developing new store format—and that’s not all

The Germans Are Escalating America’s Grocery Price War

Here’s a map of where Sears’ and Macy’s stores are going dark

Sixty-nine Gander Mountain stores to reopen under new banner

What have you been reading this week? Please comment below with any interesting articles or topics you would like to see covered.

Some of these articles may only be available for a limited time and may require registration to view. Marcus & Millichap and Tim Lepore are not affiliated with these organizations.