SPECS store planning, equipment, construction and facilities services
|
|
- Christine Park
- 5 years ago
- Views:
Transcription
1 Dominant retailers continue to grow; portfolio optimization is new mantra store planning, equipment, construction and facilities services By Connie Robbins Gentry The annual Survey measures new stores opened in 2009 and 2010, including relocations, and highlights retailers with notable construction activity. Although not a comprehensive ranking of all retail construction activity, the Big Builders report chronicles key leaders in select categories: department stores, discount stores, do-it-yourself stores, drug stores, food stores, specialty hardlines and specialty softlines. From the dark cloud cast over retail construction by a slowed economy that has directly impacted real estate sales, development and financing, a silver lining has emerged in the form of clearly articulated growth strategies. Many retailers have announced definitive shifts in their strategies that reflect the new normal of the global economy: Portfolio optimization has become the watchword for all retailers, and growing the Capital Expenditures (000 omitted) 1 Wal-Mart Stores $14,000,000 $12,200,000 2 Walgreens $2,680,000 $1,800,000 3 Target $2,500,000 $1,729,000 4 Lowe s $2,100,000 $2,500,000 5 Kroger $2,000,000 $2,315,000 6 Costco $1,300,000 $1,300,000 7 The Home Depot $1,250,000 $966,000 8 Safeway $1,000,000 $851,600 9 Kohl s $900,000 $666, Best Buy $850,000 $615, TJX Co. $750,000 $429, Supervalu $700,000 $691, Delhaize America $650,000 $461, Gap $575,000 $334, Publix $555,000 $693, Macy's $550,000 $460, J.C. Penney $500,000 $600, O Reilly Automotive $450,000 $415, Staples $450,000 $313, Nordstrom $375,000 $360, Dollar General $350,000 $274,000 TOTAL $34,485,000 $29,973,599 brick-and-mortar footprint includes carefully considered steps to invest wisely in the current store count before adding new stores. Store closings, relocations and expansions of existing stores often outnumber new development, resulting in flat growth across the retail enterprise even when a number of new stores have opened. 1 Wal-Mart Stores 32,500,000 34,000,000 2 Walgreens 10,570,500 8,729,000 3 Dollar General 6,750,000 5,931,000 4 Lowe s 5,085,000 7,006,000 5 CVS 4,060,000 4,031,000 6 TJX Co. 3,888,000 2,597,000 7 Dollar Tree 3,456,000 3,402,000 8 Kroger 2,750,000 3,000,000 9 Kohl s 2,640,000 3,542, Costco 2,574,000 2,860, Big Lots 2,384,000 1,549, Target 2,132,000 11,443, Aldi 1,738,500 1,390, Family Dollar 1,700,000 1,615, Dick s Sporting Goods 1,525,000 1,325, Bed Bath & Beyond 1,500,000 1,700, Ross Dress for Less 1,416,500 1,649, AutoZone 1,400,000 1,220, The Home Depot 1,290,000 1,677, Tractor Supply Co. 1,240,000 1,209, hhgregg 1,200, ,000 TOTAL 91,799, ,536, chainstoreage.com DECEMBER 2010
2 Sam s Club, which is included in the charts as part of Wal-Mart Stores, has experienced back-to-back years of negative or negligible growth despite having a billiondollar budget for capital expenditures. In 2009, Sam s Club closed 10 and opened four stores. In both 2010 and 2011, Sam s Club projected $1 billion in capital expenditures that would go primarily for remodeling projects, although seven to 12 stores each year would be relocated, expanded or new. International expansion affords a world of new opportunities for many retailers and will remain a focus for organic growth in the coming year. For instance, of the roughly 660 stores Wal-Mart opened in each of the last two years, 500 units were attributed to organic growth in international markets. Doug McMillon, Wal-Mart International president and CEO, recently announced new store growth in the coming fiscal year would focus on the emerging markets of China, Brazil and Mexico. Wal-Mart added a total of 32.5 million sq. ft. in 2010, but the bulk of that expansion was outside the United States. The company is expected to add more than 23 million sq. ft. in international space next year compared with 21 million sq. ft. opened in New 1 Dollar General Walgreens Wal-Mart Stores Game Stop Dollar Tree CVS AutoZone Family Dollar Best Buy O Reilly Automotive Advance Auto rue TJX Co Collective Brands Aldi Supervalu Tractor Supply Co Big Lots Genesco Gap The Children's Place TOTAL 4,951 4,411 global markets this fiscal year. Similarly, Gap Inc. has set its sights on international growth with new store locations in China and Italy and the introduction of online stores to Canada and Europe. In updates to the company s strategic three-to-five-year plan, chairman and CEO Glenn Murphy said Gap enjoys significant global runway and is making the investments necessary to shift the balance of revenue over time to come increasingly from online and international businesses. By the end of 2010, Gap will be selling product in more than 80 countries an impressive uptick from the 25 countries Gap played in at the start of the year. The company has projected more than 25% of its net sales will be attributed to international sales by fiscal Across the board, China is emerging as a key area for expansion. And with good reason: Consumption is on the rise, and an investment boom is resulting in scores of new upscale > Compiling the Rankings The report was compiled from research of company reports, SEC filings, published statements and information provided by the retail companies. Rankings: This compilation represents retailers with measurable construction activity in that are among the biggest builders in their respective retail sectors. The report is not intended to be all-inclusive or a ranking of all retailers opening new stores. Timing: The majority of companies surveyed have fiscal years ending in December, January or February. For the most part, the research represents construction activity during fiscal years that correspond to the 2009 and 2010 calendar years. If there is a significant departure from this rule, it is noted in the charts. New : Retailers typically report total net stores at the end of a given period, net stores being the number opened less the number of stores closed. The Chain Store Age report measures construction activity; therefore, the new-store numbers reflect the actual number of new stores opened, including relocated stores. It does not include acquisitions activity, nor does it reflect store closings. Square Footage: This report reflects square footage added from construction, including new-store openings, relocations of existing stores and expansions. Whenever possible, the amount cited is the actual number reported by the retailer. In some cases, square footage is an estimate based on the retailer s typical store footprint. When multiple formats were opened, it would be too speculative to estimate square-footage. Capital Expenditures: Reported capital expenditures are actual for 2009 and projected for Capital expenditures typically include costs of new-store openings, store relocations, expansions, remodels and acquisitions, as well as investments in corporate facilities, technology and other capital improvements such as supply chain enhancements. Therefore, capital expenditures should not be used for comparative analysis of retailers construction activities. DECEMBER 2010 chainstoreage.com 41
3 Department Stores malls and shopping districts. In January, Credit Suisse released a report which predicted that by 2020 China would account for nearly a quarter of the world s private consumption. Value-driven consumers have also prompted dramatic shifts in the real estate choices made by many retailers. Upscale department stores Saks Inc. and Nordstrom are aggressively expanding their off-price venues, and now, specialty softlines retailers are following suit. For instance, Abercrombie & Fitch announced plans to open more than 39 outlet stores this year. Likewise, in 2009, The Children s Place shifted its historical preference for malls in densely populated markets to value-oriented centers, or VOCs, in small- to mediumsize markets. Twenty of the retailer s 38 store openings in 2009 were in VOCs, while the majority of its 65 store openings in 2010 will be in VOCs. On the flip side of the coin, discount retailer Big Lots said that 30 of the 80 new stores it would open this Discount Stores Department Stores Discount Stores year would be in A locations rather than its historical preference for B or C properties serving middle- to lower-income populations. The switch to upper markets is indicative of the overall trend for consumers in every socioeconomic bracket to value shop. By the NuMBERS: Across every sector, retailers are continuing to add stores and hone growth strategies. The accompanying charts and category summaries highlight new store openings, capital expenditures and new square footage for leading retailers, as well as some of the decision points that define the group. DEPARTMENT STORES: The majority of retailers in the department store category had single-digit new store openings, the exceptions being Kohl s and Nordstrom. Most notable among this group is Kohl s spike in capital expenditures from $666 million in 2009 to $900 million this year, due to the company s planned investment in store remodels. In 2010, Macy s opened two Bloomingdale stores in Dubai plus four Bloomingdale outlets Kohl s 30 / 56 $900,000 / $666,000 2,640,000 / 3,542,000 Nordstrom 21 / 17 $375,000 / $360,000 1,174,100 / 1,073,000 Macy s 8 / 9 $550,000 / $460, ,000 / 945,000 Stein Mart 8 / 2 $30,000 / $7, ,000 e / 74,000 Saks 5 / 6 $55,000 / $73, ,500 e / 150,000 e Neiman Marcus 4* / 1 $58,700 / $101, ,000 e / 120,000 J.C. Penney 2 / 18 $500,000 / $600, ,000 / 1,700,000 e Dillard s 2 / 0 $100,000 / $83, ,000 / 0 Belk 1 / 3 NA / $42,300 75,469 / 250,510 *Neiman Marcus store openings are for the calendar year, capital expenditures are for fiscal years ended July 31. Dollar General 750 / 659 $350,000 / $274,000 6,750,000 / 5,931,000 Wal-Mart Stores 662* / 657* $14,000,000 / $12,200,000 32,500,000 / 34,000,000 Dollar Tree 320 / 315 $160,000 / $145,000 3,456,000 / 3,402,000 Family Dollar 200 / 190 $170,000 / $155,400 1,700,000 / 1,615,000 TJX Corp. 130 / 91 $750,000 / $429,282 3,888,000 / 2,597,000 Big Lots 80 / 52 $115,000 / $330,000 2,384,000 / 1,549,600 Ross Dress for Less 50 / 56 $215,000 / $158,500 1,416,500 / 1,649,200 Costco 18 / 20 $1,300,000 / $1,300,000 2,574,000 / 2,860,000 Target 13 / 76 $2,500,000 / $1,729,000 2,132,000 / 11,443,000 BJ s Wholesale Club 9 / 7 $225,000 / $176,400 1,017,000 / 791,000 *Wal-Mart Stores had a gross unit growth in the U.S. of 157 stores in 2009 and 162 stores in 2010; estimated organic growth internationally in both years was 500 store openings. and two Macy s stores in the United States. Stein Mart, which opened three new stores and relocated five in 2010, saw impressive financial improvements from the start of 2009, when the company had $11 million in debt, to 2010, when the company was debt-free with $81 million in cash. Saks opened its second location in Mexico City in 2010, as well as four Off 5th outlets. Neiman Marcus opened one namesake store in 2010 and rounded out the year by opening three new value-concept stores, Last Call Studio. J.C. Penney, Dillard s and Belk had modest growth, although Penney maintained a $500 million budget for capital expenditures in 2010, largely to support the opening of Sephora stores inside its existing stores. DISCOUNT STORES: Dollar stores dominate the discount sector, and the cumulative total of new stores opened in 2010 by Dollar General, Dollar Tree and Family Dollar exceeds the total of new store openings by all of the other retailers in this category. However, no group of niche retailers comes close to the sheer volume of square footage opened by Wal- Mart or the $14 billion budget it allocated in 2010 to fuel growth. Despite cutting back on new store openings in 2010, Target bumped its capital expenditure budget from $1.7 million to $2.5 million, largely to cover an increased focus on remodels and expansions. TJX Co. ramped up new store > 42 chainstoreage.com DECEMBER 2010
4 Drug Stores openings from 91 in 2009 to a projected 130 in 2010, with the biggest increases in TJX, Marshalls, HomeGoods and TKX brands. Ross Dress for Less scaled back from 56 new stores in 2009 to 50 in 2010, with a stronger emphasis on opening smaller-footprint stores. The highlight for Costco was celebrating its best entrance into a new country, with revenues of $841,000 on the day its first Australian store opened in 2009; a second Australian store opened in DO-IT-YOURSELF STORES: Auto-parts retailing is a niche that is thriving as well, and the sweet spot for these chains closely mirrors that of the dollar stores. Characterized by low-cost real estate and catering to a cross-section of socioeconomic demographics, but skewed to the middle- and lower-income masses, the three DIY Stores DIY Stores AutoZone 216 / 189 $315,400 / $272,200 1,400,000 / 1,220,000 O Reilly Automotive 150 / 150 $450,000 / $415,000 1,050,000 / 1,050,000 Advance Auto 150 / 107 $240,000 / $192,900 1,050,000 / 750,000 Lowe s 45 / 62 $2,100,000 / $2,500,000 5,085,000 / 7,006,000 The Home Depot 10 / 13 $1,250,000 / $966,000 1,290,000 / 1,677,000 Drug Stores dominant auto-parts chains are nowhere near putting the brakes on domestic expansion. International openings accelerated as well in 2009 and 2010 for AutoZone, which opened 90 stores in Mexico over the two-year period, and Advance Auto, which opened 72 international locations. Unlike most retail categories, both the autoparts and home improvement chains attribute a significant percentage of revenues to corporate sales. While the beating that the housing industry took during the recession clearly hurt Lowe s and The Home Depot, consumers propensity to keep cars running an extra mile rather than buying new benefited auto-parts stores. DRUG STORES: Walgreens owns the numbers in this category, continuing to grow its store base aggressively and firmly planted in the No. 2 spot among Walgreens 729 / 602 $2,680,000 / $1,800,000 10,570,500 /8,729,000 CVS 280 / 278 NA / $2,500,000 4,060,000 / 4,031,000 Rite Aid 14* / 58 $250,000 / $193,630 NA / 725,000 *In the first half of 2010, Rite Aid opened 1 and relocated 13 stores. Projections were not available for the remainder of the year. NA: Not available Food Stores Food Stores Aldi 100 / 80 NA 1,738,500 / 1,390,800 Supervalu 100 / 40 $700,000 / $691,000 NA Kroger 50 / 52 $2,000,000 / $2,315,000 2,750,000 / 3,000,000 Delhaize America 50 / 36 $650,000 / $461,000 NA Fresh & Easy 36 / 17 e NA 360,000 / 170,000 e Publix 34 / 48 $555,000 / $693,489 1,000,000 / 1,300,000 Whole Foods 15 / 15 $260,000 / $315, ,800 / 801,800 Safeway 15 / 8 $1,000,000 / $851, ,000 / 440,000 The Fresh Market 10 / 8 NA 232,100 / 160,000 Harris Teeter 7 / 19 NA 357,718 / 979,494 all retailers for New, New Square Footage and Capital Expenditures. Equally important to Walgreens market position are the acquisition numbers not included in this survey s tally of new stores added. However, Walgreens total $2.68 billion in capital expenditures includes its $1.08 billion acquisition of Duane Reade in April. CVS maintained a consistent growth pattern the past two years and, in 2010, opened nine stores in Puerto Rico. For Rite Aid, the growth story is more subtle but no less strategic. The company is adding 105 GNC stores inside existing Rite Aid stores plus testing a co-branded Save-A-Lot and Rite Aid pharmacy concept at 10 stores in the Greenville, S.C., market. GROCERY STORES: For the most part, food retailers continued to follow steady, proven growth patterns. The most active company, the extreme-value grocer Aldi, opened 180 stores over the two-year period. In 2010, Aldi opened its first stores in the Lone Star state and announced it planned to open a total of 30 stores in the Dallas-Fort Worth market. Kroger is another example of a retailer that is seriously focused on portfolio optimization. The company closed 36 stores in 2009, 27 of which were operational closings, meaning there was not another store opened in the vicinity to replace it. Additionally, Kroger continues its strategic focus on owned versus leased real estate: 43% of its supermarkets are company-owned, and Kroger reported the company saves $1.00 per square foot with owned versus leased stores. Whole Foods is still riding the wave of consumer popularity, but six of the company s > 44 chainstoreage.com DECEMBER 2010
5 15 store openings in 2009 were relocations. Another of the most popular food concepts, Trader Joe s, continues to expand but keeps its growth strategies close to the vest. When the company opened its first Manhattan location in August, Fortune reported Trader Joe s would open five additional stores in 2010, but the retailer declined to confirm. In a related category, convenience stores, 7-Eleven is by far the most aggressive player. It opened more than 250 stores in the United States in It is on track to open roughly 300 stores in Of the regional c-store operators, Sheetz, based in Altoona, Pa., continues to build at a steady pace. It will open roughly 25 stores this year. SPECIALTY HARDLINES: The common denominator among the specialty hardlines retailers is that each is either Specialty Hardlines Specialty Hardlines Game Stop 400 / 388 $200,000 / $178, ,000 / 543,200 Best Buy 170* / 191 $850,000 / $615,000 NA Tractor Supply Co. 80 / 78 $95,000 / $74,000 1,240,000 / 1,209,000 Bed Bath & Beyond 60 / 67 $225,000 / $153,700 1,500,000 e / 1,700,000 Hibbett Sporting Goods 50 / 63 $10,300 / $9, ,000 / 315,000 Staples 50 / 48 $450,000 / $313,228 NA PetSmart 42 / 45 $135,000 / $112, ,000 / 900,000 hhgregg / 22 $47,000** / $58,510 1,200,000 / 660,000 Jo-Ann Fabric & Craft Stores 30 / 20 $50,000 / $39, ,000 / 621,000 Dick s Sporting Goods 29 / 26 $147,000 / $140,300 1,525,000 / 1,325,000 *Best Buy 2010 projected openings are net of store closings. **hhgregg capital expenditure is net, less proceeds from sale-leasebacks. Specialty Softlines Specialty Softlines rue / 114 $32,000 / $33, ,000 e / 465,600 e Collective Brands 105 / 84 $100,000 / $84, ,000 e / 268,800 e Genesco 69 / 61 $45,000 / $33,800 90,000 e / 85,000 e Gap 65 / 47 $575,000 / $334,000 NA The Children s Place 65 / 38 $85,000 / $62, ,000 / 190,000 Aéropostale 55 / 53 $80,000 / $53, ,000 e / 190,800 e Brown Shoe 48 / 63 $63,000 / $49, ,000 e / 394,600 e American Eagle 48 / 38 $120,000 / $127, ,400 / 220,400 Limited Brands 45 / 59 $275,000 / $202, ,000 / NA Abercrombie & Fitch 40 / 23 $260,000 / $175,500 NA Jos A Bank 40 / 14 $30,000 / $16, ,000 / 45,000 DSW 10 / 9 $40,000 / $21, ,000 / 198,000 the leader in its category, or fast approaching leader status. Game Stop, Tractor Supply Company and Hibbett Sporting Goods continue to expand across secondary and tertiary markets. For Best Buy, although its numbers didn t change dramatically from 2009 to 2010, the focus of store openings shifted somewhat. In 2009, 106 of the company s 191 stores were international locations, including the first Best Buy store in Turkey and continued expansion in Canada, China and Mexico. Best Buy also opened 36 U.S.-based Best Buy Mobile stores in In 2010, the company prepared to open large-format stores in the United Kingdom and added Five Star stores in China, but the primary focus has been on opening 75 to 100 small-format stores in the United States, predominantly the Best Buy Mobile brand. However, the rising star to watch in this sector is hhgregg, which doubled the number of new stores opened from 22 in 2009 to a projected 40 to 45 in SPECIALTY SOFTLINES: Another fast-growing retail starlet, and teen fave, rue 21 tops the specialty softlines chart with more than 240 new stores opened in the past two years, a total portfolio of 600 locations and expectations to exceed 1,000 locations within three to four years. While rue 21 has stated there are opportunities to increase its footprint in regional malls, particularly in small and middle markets, the company defined a new strategy at the beginning of 2010 that targeted expansion in single-anchor strip centers. Rue 21 reported its new stores typically achieve revenues of $900,000 to $1 million within the first 12 months of operation. Conversely, Collective Brands made the No. 2 spot on the specialty softlines chart, but in both years the company s portfolio optimization strategy closed more stores than it opened. In 2009, Collective Brands expanded into Colombia and the Middle East, but overall closed 128 stores while opening 84. In 2010, the company expects to close 120 stores versus opening 105 stores. Similarly, Genesco has said that market saturation will lead the company to slow organic growth and increase acquisitions. 46 chainstoreage.com DECEMBER 2010
Weekly Store Openings and Closures Tracker #6: Bonobos Opening 20 New Stores. May 5, 2017
Fung Global Retail & Technology tracks store openings and closings for a select group of US retailers. Weekly Store Openings and Closures Tracker #6: Bonobos Opening 20 New Stores 1) Among the retailers
More informationRETAIL. Kolb Properties. MEDC Conference June 11,2014. Donna Maxwell, Broker/Salesperson Kolb Properties
RETAIL MEDC Conference June 11,2014 Donna Maxwell, Broker/Salesperson Kolb Properties Kolb Properties Daily Affirmation What do you want? What are your strengths? What are your demographics? Are you ready?
More informationCommercial Heating & Cooling. HARRY BIZIOS President & Chief Operating Officer
HARRY BIZIOS President & Chief Operating Officer 1 Financial Summary COMMERCIAL HEATING & COOLING 2003 2004 2005 2006 Est. Sales $508 $581 $652 Segment Profit $38 $51 $57 Segment Profit Margin 7.5% 8.8%
More informationINSERT EXPRESS ENHANCEMENTS
RETAIL COMPETITOR LOCATIONS OVERVIEW As an enhancement to your Insert Express system, Tactician Media has identified the top insert retailers in the nation. These locations have been added to your Strategy
More informationWeekly Store Openings and Closures Tracker #9: RadioShack and Payless lead closings spree. June 2, 2017
Weekly Store Openings and Closures Tracker #9: RadioShack and Payless lead closings spree Deborah Weinswig Managing Director, Fung Global Retail & Technology deborahweinswig@fung1937.com US: 917.655.6790
More informationB&M European Value Retail SA Interim Results Presentation 26 weeks to 23 rd September 2017
B&M European Value Retail SA Interim Results Presentation 26 weeks to 23 rd September 2017 Interim FY18 Group Highlights Group revenues increased by 21.7% to 1,346.4m B&M LFL revenues +7.5%, Q2 LFL +7.7%
More informationWeekly Store Openings and Closures Tracker #20: Target Store Redesign Plans on Track; VF Acquires Williamson-Dickie.
Fung Global Retail & Technology tracks store openings and closures for a select group of US retailers. Weekly Store Openings and Closures Tracker #20: Target Store Redesign Plans on Track; VF Acquires
More informationWeekly Store Openings and Closures Tracker #14: True Religion Bankruptcy & Walgreens Adds Stores. July 7, 2017
Weekly Store Openings and Closures Tracker #14: True Religion Bankruptcy & Walgreens Adds Stores Fung Global Retail & Technology tracks store openings and closures for a select group of US retailers. 1)
More informationFOR LEASE Gideon Dr
PRESENTED BY: RONALD GLASS Senior Vice President 703.873.5724 ronald.glass@longandfoster.com JENNIFER BURKE 703.506.2850 jennifer.burke@lnf.com www.commercialdivision.lnfre.com Long & Foster Commercial
More informationWeekly Store Openings and Closures Tracker #10: Sears Closing More Stores. June 9, 2017
Weekly Store Openings and Closures Tracker #10: Sears Closing More Stores Fung Global Retail & Technology tracks store openings and closures for a select group of US retailers. 1) This week, the Retail
More informationWeekly Store Openings and Closures Tracker #17: Michael Kors Buys Jimmy Choo. July 28, 2017
Weekly Store Openings and Closures Tracker #17: Michael Kors Buys Jimmy Choo Deborah Weinswig Managing Director FGRT deborahweinswig@fung1937.com US: 917.655.6790 HK: 852.6119.1779 CN: 86.186.1420.3016
More informationPrincipal Brands UK and Northern Ireland
Profile UK and Ireland based Building Materials Group Principal activities Builders and Plumbers Merchanting DIY Retailing in Ireland Dry Mortar Manufacturing Annualised turnover over 2.8 billion Market
More informationStrategic Trends in Global Retailing What it means for Latin America s retailers
Strategic Trends in Global Retailing What it means for Latin America s retailers ALAS 2003 Acapulco, Nov 2003 Ira Kalish Global Director What about the business environment? Expect slow growth in developed
More informationInvestment Opportunity
NN Lowe s Home Improvement Warehouse 299 Grant Avenue, Auburn, NY 13021 Property Summary: Auburn is is located in the Finger Lakes region of New York State, approximately 35 minutes west-southwest of Syracuse.
More informationNew Family Dollar Relocation Store $1,913, % cap rate. (Prototype store design. Final design is all brick)
Investment Real Estate New Family Dollar Relocation Store Saginaw, MI $1,913,862 6.50% cap rate (Prototype store design. Final design is all brick) Highlights New 2016 Construction Relocation Store Replacing
More informationMETRO GROUP achieves sales target and confirms EBIT guidance
19 October 2015 1/5 METRO GROUP achieves sales target and confirms EBIT guidance Like-for-like sales growth of 1.5% in financial year 2014/15 Growth drivers online retail and delivery remain successful
More informationRetail Ireland Monitor
Issue 1 February 2015 Retail Ireland Monitor Christmas trading boosts retail s recovery The CSO s retail sales statistics for the all-important month of December returned positive, albeit modest, growth,
More informationMETRO GROUP continues slight sales growth and confirms EBIT guidance
1/6 METRO GROUP continues slight sales growth and confirms EBIT guidance Like-for-like sales growth of 0.2% in financial year 2015/16 METRO Cash & Carry and Real increase like-for-like sales in Q4; Media-
More information2011 Fourth Quarter Results
2011 Fourth Quarter Results February, 2012 INVESTOR RELATIONS Disclaimer The financial information in this document are consolidated earnings results based on K-IFRS. The previous earnings results have
More informationSchool of Business Investment Program. The Home Depot. September 20, Consumer Discretionary Analyst
September 20, 2018 Taylor Crawford Performance Analyst Theo Harrison Consumer Discretionary Analyst Daniel Hassett Special Events Coordinator Ashley Markow U.S. Economist Table of Contents Investment Thesis
More informationSGREIT reports DPU of 1.17 cents for 2Q FY17/18
Media release by: YTL Starhill Global REIT Management Limited (YTL Starhill Global) Manager of: Starhill Global Real Estate Investment Trust (SGREIT) SGREIT reports DPU of 1.17 cents for 2Q FY17/18 HIGHLIGHTS
More informationFor the quarter and six-month period ended June 30, 2010
2 1 Almacenes Éxito S.A Second Quarter Consolidated 2 financial report 1 financial results The converted Éxito Libertador store in Santa Marta For the quarter and six-month period ended June 3, 21 Working
More informationSome retailers starting the holiday shopping season on Thanksgiving Day
Some retailers starting the holiday shopping season on Thanksgiving Day By Associated Press, adapted by Newsela staff on 11.14.16 Word Count 831 Shoppers carry bags as they cross a pedestrian walkway near
More informationInvestment Opportunity. New Double Net Lease S&P Rated A. Verizon Wireless Woodbury Avenue - Portsmouth, NH
New Double Net Lease S&P Rated A Verizon Wireless 1840 Woodbury Avenue - Portsmouth, NH Investment Summary: This new Verizon Wireless store is is comprised of 3,700 sq ft ft on approximately 15 acres (of
More informationThe Remodeling Market
The Remodeling Market Kermit Baker Remodeling Futures Program International Builders Show January 21, 2010 www.jchs.harvard.edu Remodeling Market Issues 1. Where do we stand in the remodeling cycle at
More informationNestlé Investor Seminar
Nestlé Investor Seminar BOB FLAHERTY V.P. of Wal Wal Mart Global Business Nestlé USA Nestlé Investor Seminar - Vevey June 8-9, 2005 Disclaimer This presentation contains forward looking statements which
More informationMore the More Merrier A. Kumar.
More the merrier Aditya Birla Retail, part of the AV Birla Group, is pressing ahead with aggressive expansion plans, rolling out hundreds of outlets of its chain of supermarkets and hypermarkets. A report
More informationMETRO GROUP continues operational improvement trend in 2014/15
15 December 2015 1/11 METRO GROUP continues operational improvement trend in 2014/15 EBIT before special items totalling 1,511 million, influenced by the negative impact of exchange rate effects amounting
More informationHow Massmart grew Builders to market-leading behemoth
How Massmart grew Builders to market-leading behemoth Author: Hilton Tarrant for www.moneyweb.co.za Date: 26th September 2016 A big bet in 2003 has paid off, and then some. In just over a decade, Massmart
More informationBB&T Capital Markets Automotive Aftermarket Conference: Car Talk in the City August 17, 2011
BB&T Capital Markets Automotive Aftermarket Conference: Car Talk in the City August 17, 2011 Forward Looking Statements The Company claims the protection of the safe-harbor for forward-looking statements
More informationAlmacenes Éxito S.A. Consolidated Financial Results
Almacenes Éxito S.A. Consolidated Financial Results For the second quarter and six-month period ended June 30, Viva Caucasia Shopping Mall BVC (The Colombian Stock Exchange): ÉXITO ADR Program: ALAXL Medellín,
More informationSGREIT reports DPU of 1.09 cents for 3Q FY17/18
Media release by: YTL Starhill Global REIT Management Limited (YTL Starhill Global) Manager of: Starhill Global Real Estate Investment Trust (SGREIT) SGREIT reports DPU of 1.09 cents for 3Q FY17/18 HIGHLIGHTS
More informationNEWS 2012 FOURTH QUARTER AND FULL-YEAR RETAIL SALES RESULTS
NEWS 26 July 2012 2012 FOURTH QUARTER AND FULL-YEAR RETAIL SALES RESULTS Full-Year Sales ($m) Financial Year 2012 Financial Year 2011 Movement (%) Food & Liquor 1,2 26,182 25,025 4.6 Convenience 1,3 7,516
More informationInternational Franchise Expo Press Kit
International Franchise Expo Press Kit Table of Contents 1. About N-Hance 2. Fact Sheet 3. Press Release 4. Media Highlights ABOUT N-HANCE WOOD REFINISHING Founded in 2001, N-Hance Wood Refinishing is
More informationQ3 2016/17 RESULTS PRESENTATION. 31 August 2017
Q3 2016/17 RESULTS PRESENTATION 31 August 2017 DISCLAIMER AND NOTES To the extent that statements in this presentation do not relate to historical or current facts, they constitute forward-looking statements.
More informationChicago Building Reuse: An Overview. Paul Shadle Partner, DLA Piper
Chicago Building Reuse: An Overview Paul Shadle Partner, DLA Piper North Broadway, Uptown Pilsen North Halsted The Forum Building, 43 rd and Calumet Chicago s Building Stock Data Analysis and Mapping by
More informationWhen Tenants Take a Fall Adaptive Reuse of Vacant Retail
When Tenants Take a Fall Adaptive Reuse of Vacant Retail January 26, 2018 National Retail Trends E-Commerce Trends In 2017, e-commerce sales reached 8.9% of total U.S. retail sales Amazon supports 4% of
More informationO KEY GROUP ANNOUNCES OPERATING RESULTS FOR Q3 AND 9M 2017
Press Release 27 Oct 2017 O KEY GROUP ANNOUNCES OPERATING RESULTS FOR Q3 AND 9M 2017 O KEY Group S.A. (LSE: OKEY, the Group ), one of the leading Russian food retailers, announces its unaudited operating
More informationEarnings Presentation First Quarter May 2012
Earnings Presentation First Quarter 2012 May 2012 Company overview Key metrics (LTM 2012 1 ) Number of stores: 906 Selling space: 3,3 million sq 2 Number of customers: 800mm Number of employees: 139,082
More informationTransforming the Canadian Home
Transforming the Canadian Home Findings from the 2014 Houzz & Home Survey With nearly 200,000 respondents globally, this year s Houzz & Home survey is the largest survey of residential remodeling and decorating
More informationEMERGING TRENDS IN THE REMODELING MARKET JOINT CENTER FOR HOUSING STUDIES OF HARVARD UNIVERSITY 22
5OPPORTUNITIES FOR GROWTH With the home improvement market nearing full recovery, spending growth is likely to moderate. Indeed, given the demographic and economic obstacles facing the industry, generating
More information11/9/ Introduction p. 2. Methodology 8. Home Furnishings Market Overview 11. Home Furnishings Market
Introduction p. 2 Methodology 8 Home Furnishings Market Overview 11 Home Furnishings Market 2004 2013 12 Home Furnishings Market by Product 2004 2013 14 Affluent Consumer Segment Market Size 2004 2013
More informationTesco in Asia November 2008
Tesco in Asia November 2008 Tesco in China Ken Towle, CEO Agenda China a recap How are we doing? Tesco China Strategy A quality, fast-growth business Tesco Operating Model provides the platform Regional
More informationSTARHILL GLOBAL REIT REPORTS 11.4% INCREASE IN 2Q 2010 GROSS REVENUE
Media release by: YTL Starhill Global REIT Management Limited (YTL Starhill Global) Manager of: Starhill Global Real Estate Investment Trust (Starhill Global REIT) STARHILL GLOBAL REIT REPORTS 11.4% INCREASE
More informationCanadian Retail Sales Slide During Icy Winter
Canadian Retail Sales Slide During Icy Winter Retailers struggled to bring in sales this December and finished the year on a weak note. All Stores sales increased by 2.1% and All Stores Less Automotive,
More informationCooperTowne Center. Somerdale, NJ (c) National Realty & Development Corp. Page 1
CooperTowne Center Somerdale, NJ Page 1 Somerdale, NJ Table of Contents Quick Facts Property Photo Property Photo Property Photo Lease Plan Competition Map Demographics Demographics Demographics 3 4 5
More informationRETAIL MARKET ANALYSIS
8 RETAIL MARKET ANALYSIS Kyle Smith Portland State University Retail vacancy rates remained unchanged during the second quarter at 8.0 percent, but there was negative absorption of 20,547 square feet according
More informationCONSUMER BRANDS GROUP
CONSUMER BRANDS GROUP AARON M. ERTER PRESIDENT CONSUMER BRANDS GROUP Forward Looking Statement The presentations today will contain certain forward looking statements," as defined under U.S. federal securities
More informationFor personal use only
29 April The Manager Company Announcements Office Australian Securities Exchange Dear Sir, THIRD QUARTER RETAIL SALES RESULTS Attached is an announcement regarding the third quarter retail sales results.
More informationMatas FY/Q4 2016/17 Results
Matas FY/Q4 2016/17 Results Forward Looking Statements This presentation contains statements relating to the future, including statements regarding Matas A/S future operating results, financial position,
More informationStable sales excluding petrol (at constant exchange rates) Q sales inc. VAT: 22.7bn
Q1 2009 sales incl. VAT 16 April 2009 Stable sales excluding petrol (at constant exchange rates) Q1 2009 sales inc. VAT: 22.7bn o Q1 2009 sales including VAT: 22.7bn, 1.4% at constant exchange rates o
More informationInvestor Presentation February 2012
Investor Presentation February 2012 1 Safe Harbor Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995. Comments made during this presentation include forward-looking statements.
More informationDoes marshalls store contribute to democrats
Does marshalls store contribute to democrats In the context of the United States, secession primarily refers to the United States; but may. Bewering: Retailers T.J. Maxx and Marshall's sell counterfeit
More informationWeekly Store Openings and Closures Tracker 2018 #3: Kiko USA and A gaci File for Bankruptcy; Greggs to Open Net Stores
January 1, 018 Weekly Store Openings and Closures Tracker 018 #: Kiko USA and A gaci File for Bankruptcy; Greggs to Open Net 1 Stores FGRT tracks store openings and closures for a select group of retailers
More informationBen Gordon Chief Executive
Interim Results 18 th November, 2009 Ben Gordon Chief Executive Performance highlights Group sales +7.9% to 387.3m Group network sales up 13.6% to 549.1m Group underlying profit before tax +11.1% to 10.0m
More informationAnnual General Meeting 2017 Review by the President and CEO. Mikko Helander
Annual General Meeting 2017 Review by the President and CEO Mikko Helander Group Management Board Mikko Helander Jukka Erlund Johan Friman Terho Kalliokoski Anne Leppälä-Nilsson Matti Mettälä Lauri Peltola
More informationWal-Mart Stores, Inc. Update
Wal-Mart Stores, Inc. Update Charles Holley Executive Vice President & Treasurer May 1, 2007 Forward-Looking Statements Wal-Mart includes the following cautionary statement to take advantage of the safe
More informationLowe's Companies Inc (LOW) - Financial and Strategic SWOT Analysis Review
Lowe's Companies Inc (LOW) - Financial and Strategic SWOT Analysis Review Lowe's Companies Inc (LOW) - Financial and Strategic SWOT Analysis Review The Business Research Store is run by Sector Publishing
More informationNovember 14, Rich Meelia President & CEO
November 14, 2007 Rich Meelia President & CEO Forward-Looking Statements This presentation contains certain forward-looking statements within the meaning of the United States Private Securities Litigation
More informationMass. grocers scramble to keep up with consumers
Page 1 of 6 Business Mass. grocers scramble to keep up with consumers By Jay Fitzgerald GLOBE CORRESPONDENT NOVEMBER 13, 2012 SUZANNE KREITER/GLOBE STAFF Shaw s, the state s second-largest supermarket
More informationSteinhoff: is bigger better?
Dirk van Vlaanderen - Associate Portfolio Manager From its humble beginnings in the 1960s - when German founder, Bruno Steinhoff, began sourcing Eastern European furniture for import to Western Europe
More informationDIY Automotive Market Changes in Outlet Group Market Share DIY Aftermarket Leader Other DIY Outlet Groups
1 DIY Automotive Market Do-It-Yourself (DIY) light vehicle product sales sank from 21.6% to 20.2% of total light vehicle aftermarket product volume between 2010 and 2015. Nevertheless, the Do-It-Yourself
More informationCarrefour Q sales up 1.5% to 22.5bn Resilience in food, continued weakness in non food spending
Carrefour Q1 2012 sales up 1.5% to 22.5bn Resilience in food, continued weakness in non food spending Q1 2012 sales (inc. VAT) of 22.5bn, +0.9%*, (+1.5% including petrol and at current exchange rates)
More informationLOCATION At the corner of Brawley School Road & Williamson Road in Mooresville, North Carolina
Locator Map Architecture LOCATION At the corner of Brawley School Road & Williamson Road in Mooresville, North Carolina Description DEVELOPMENT PLAN 250,000 square foot Lifestyle Center anchored by Lowes
More informationLOWE S SECURITY ANALYSIS TERRY ASANTE
LOWE S SECURITY ANALYSIS TERRY ASANTE THE OUTLINE 1. Theme 2. Business Analysis 3. Financial Analysis 4. Stock Valuation 5. The moat 6. Risk 7. Bulls vs.. Bears 8. Investing Strategies THE THEME Lowe s
More information2010 FOURTH QUARTER AND FULL YEAR RETAIL SALES RESULTS
26 July 2010 The Manager Company Announcements Office Australian Securities Exchange Dear Sir, 2010 FOURTH QUARTER AND FULL YEAR RETAIL SALES RESULTS Please find attached an announcement regarding the
More information2017 Commercial Real Estate Market Report
2017 Commercial Real Estate Market Report BROKERAGE DEVELOPMENT PROPERTY MANAGEMENT www.commonwealdc.com A message from our President: Stuart M. Schaefer President Dear Friends and Colleagues: Thank you
More informationQ Sales October 17 th 2018
Q3 Sales October 17 th Q3 Highlights Acceleration in sales growth: +2.1% LFL Strong momentum in the roll-out of the Carrefour 2022 transformation plan Better momentum in France, driven by an improved commercial
More information2017 Annual General Meeting 27 October 2017
ASX: GAP 2017 Annual General Meeting 27 October 2017 Chairman s address: David Allman Chairman s address: David Allman Revenue $A million NPAT $A million 200 150 100 50 0 137.3 76.4 60.9 148.0 80.6 67.4
More informationG4S Americas May 2012
May 2012 Grahame Gibson Group COO & Regional CEO Americas 1 Agenda 1. Market Overview 2. G4S Performance 3. Differentiating G4S 4. Brazil Market Opportunity 5. G4S in Brazil 6. Summary & Conclusion 2 Americas
More informationINVESTOR NEWS /16
Düsseldorf, 14.12.2016 1/8 INVESTOR NEWS 1-2015/16 METRO GROUP meets sales and earnings targets in financial year 2015/16 EBIT from continuing operations before special items reaches 1,560 million (2014/15:
More information2013 Annual Stockholders Meeting
2013 Annual Stockholders Meeting AGENDA Operating Environment Financial Performance Mergers and Acquisitions Plans and Prospects Update: Tacloban Store Operations 1 MACROECONOMIC ENVIRONMENT: ROBUST PHILIPPINE
More informationThe "Town Center" Model of Suburban Placemaking: Opportunities and Challenges
The "Town Center" Model of Suburban Placemaking: Opportunities and Challenges Dr. Tim Chapin Department of Urban & Regional Planning Florida State University What Are Town Center Communities? Town Center
More informationNeedham Growth Conference January 10,
R Needham Growth Conference - 2017 January 10, 2017 1 Forward Looking Statements Certain statements made in this presentation that are not based on historical information are forward-looking statements
More informationKingfisher plc Sarah Levy. Director of Investor Relations
Kingfisher plc Sarah Levy Director of Investor Relations Agenda Kingfisher at a Glance Strategic History Our Markets and Brands Creating the Leader Strategy Q1 2014/15 Summary Priorities for 2014/15 Appendix
More informationSteinhoff International, MARKUS JOOSTE HISTORY AND DEVELOPMENT OF STEINHOFF
Steinhoff International, MARKUS JOOSTE HISTORY AND DEVELOPMENT OF STEINHOFF WELCOME 2 HISTORY: STEINHOFF INVOLVED IN HOUSEHOLD GOODS TRADING SINCE 1963 1963-1990: Sourcing in the East for the West City:
More informationMETRO GROUP kicks off 2015/16 with like-for-like sales increases at METRO Cash & Carry and Media-Saturn
Press Release 12 January 2016 1/5 METRO GROUP kicks off 2015/16 with like-for-like sales increases at METRO Cash & Carry and Media-Saturn Group like-for-like sales in Q1 2015/16 on prior year level: +0.1%
More information2018 HALF-YEAR RESULTS SHAREHOLDER QUICK GUIDE
2018 HALF-YEAR RESULTS SHAREHOLDER QUICK GUIDE 1 GROUP PERFORMANCE SUMMARY We are pleased to provide shareholders with a summary of Wesfarmers Limited s results for the half-year ended 31 December 2017.
More informationDISPOSAL GALERIA KAUFHOF. 15 June 2015
DISPOSAL GALERIA KAUFHOF 15 June 2015 DISCLAIMER AND NOTES To the extent that statements in this presentation do not relate to historical or current facts, they constitute forward-looking statements. All
More informationThe NASDAQ 35th Investor Program. November 30,
R The NASDAQ 35th Investor Program November 30, 2016 1 Forward Looking Statements Certain statements made in this presentation that are not based on historical information are forward-looking statements
More informationGlobal Shop Chicago, IL
Global Shop 2013 Chicago, IL PATENT NUMBERS: 5,579,702 5,683,004 D611,783 S 8,011,135 7,770,743 D602,603 S 8,146,517 OTHER PATENTS PENDING / 2013 Table of Contents The SPC Evolution A fresh look at Design
More informationHalf Year Results 2016 Presentation
Half Year Results 2016 Presentation Agenda Company highlights Financial results nbn operational progress Questions 2016 nbn co limited 2 2020 goals Connect Australia. Close Digital Divide 8 million premises
More information2016 business (1) Financial year focused on the launch and first step of the REBOND strategic plan
Group of 794 stores in 12 countries (volume of business of 2.14 billion in 2016) 2016 business (1) Financial year focused on the launch and first step of the REBOND strategic plan Orléans (France), 15
More informationLENTA SALES AND OPERATING HIGHLIGHTS FOR THE FIRST QUARTER ENDED 31 MARCH 2018
LENTA SALES AND OPERATING HIGHLIGHTS FOR THE FIRST QUARTER ENDED 31 MARCH 2018 St-Petersburg, Russia; 19 April, 2018 Lenta Ltd, (LSE, MOEX: LNTA / Lenta or the Company ) one of the largest retail chains
More informationInvestment Opportunity
Wal-Mart SuperCenter Shadow Anchored Coshocton Retail Plaza 23655 Airport Road, Coshocton, OH 43812 Investment Summary: The property is is a new Wal-Mart SuperCenter shadow anchored strip center which
More informationFranchise Expo South Press Kit
Franchise Expo South Press Kit Table of Contents 1. About Big Frog Custom T-Shirts & More 2. Fact Sheet 3. Press Releases 4. Media Highlights About Big Frog Custom T-Shirts & More Launched in 2008, Big
More informationRetailer Presentation
Retailer Presentation Contents Retailer Summary Seven & I Holdings Banners include: Strategy Management Structure Countries of Operation Global Retail Index Financial Information Key Formats SWOT Summary
More informationIPG Photonics Corporation. Fourth Quarter 2017 Conference Call Prepared Remarks
IPG Photonics Corporation Fourth Quarter 2017 Conference Call Prepared Remarks Operator: Good morning, and welcome to IPG Photonics' fourth quarter 2017 conference call. Today's call is being recorded
More informationO`KEY GROUP ANNOUNCES OPERATING RESULTS FOR Q2 and 1H 2018
Press Release 24 Jul 2018 O`KEY GROUP ANNOUNCES OPERATING RESULTS FOR Q2 and 1H 2018 O`KEY Group S.A. (LSE: OKEY, the Group ), one of the leading Russian food retailers, announces its unaudited operating
More informationResearchFARM NEW REPORT FRANCE GROCERY INSIDE: Key questions answered + table of contents
NEW REPORT FRANCE GROCERY 2018 ResearchFARM INSIDE: Key questions answered + table of contents Focus on France: shift from drives to home delivery, non food marketplaces integration, organics boom FEBRUARY
More informationO'REILLY AUTO PARTS. Investment Property Offering $1,220,000. West Spring St. & Swanson Dr., Monroe, GA Offering Highlights
Investment Property Offering $1,220,000 O'REILLY AUTO PARTS West Spring St. & Swanson Dr., Monroe, GA 30655 Presented By: Cindy Langman 322 Washington Street, Suite 101 Gainesville, GA 30501 (770)531-9992
More informationTrading statement for the fourth quarter and full year ended 2 February 2002 KINGFISHER REPORTS SALES GROWTH OF 9.9%, BOOSTED BY 17.
Thursday 14 February 2002 Trading statement for the fourth quarter and full year ended 2 February 2002 KINGFISHER REPORTS SALES GROWTH OF 9.9%, BOOSTED BY 17.0% GROWTH AT B&Q Kingfisher plc, the leading
More information6. Results for the Wholesale and Retail Trade Sectors
6. Results for the Wholesale and Retail Trade Sectors A total of seven sectors comprise the U.S. horticultural wholesale and retail trade industries: 1) wholesale flower, nursery stock & florist supply;
More informationLeading in international home retail
Leading in international home retail - strong brands Leading positions in Europe Sales bn Home Improvement Kingfisher Obi Praktiker Leroy Merlin 3.0 2.9 3.5 8.1 Electricals and Furniture Dixons group Media
More informationAlmacenes Éxito S.A. Consolidated Financial Results For the three-month period ended March 31. First Quarter 2013 Financial Highlights
Almacenes Éxito S.A. Consolidated Financial Results For the three-month period ended March 31 2013 New Éxito Soledad in Atlántico First Quarter 2013 Financial Highlights Note: Consolidated figures include
More informationPreliminary results 2003/04. Slides will be available at
Preliminary results 2003/04 Slides will be available at www.kingfisher.com Sir Francis Mackay Chairman 2003 a landmark year Kesa Electricals demerger completed Non-core disposals completed Home Improvement
More informationTractor Supply Company. Lehman Brothers Ninth Annual Retail Seminar May 2, 2006
Tractor Supply Company Lehman Brothers Ninth Annual Retail Seminar May 2, 2006 Safe Harbor Statement This presentation contains certain historical and forward-looking information. The forward-looking statements
More informationFLORIN TOWNE CENTRE NWC Florin Road & Stockton Boulevard - Sacramento, CA
NWC Florin Road & Stockton Boulevard - Sacramento, CA PROPERTY HIGHLIGHTS & DEMOGRAPHICS location: NWC Florin Road and Stockton Boulevard Sacramento, CA anchor tenants: shopping center GLA: Wal-Mart Super-Center,
More information2013 Energy Star Award Winners; FRF members
2013 Energy Star Award Winners; FRF members Details on their winning contributions On their website energystar.gov, Energy Star lists the award winning contributions of these companies: Food Lion, Bottom
More information