Search found 785 matches
- April 29th, 2024, 3:25 pm
- Forum: Department Store Chains
- Topic: Nordstrom going to Private Equity?
- Replies: 29
- Views: 1316
Re: Nordstrom going to Private Equity?
The reality is that their store real estate strategy changes after opening stores in the Northwest and California. Their original plan was to go into any mall that could support them. When they decided to go national, they changed their strategy to open only one or two large stores per market. That...
- April 28th, 2024, 9:18 am
- Forum: Department Store Chains
- Topic: Nordstrom going to Private Equity?
- Replies: 29
- Views: 1316
Re: Nordstrom going to Private Equity?
Many of their closures have been small markets in the Pacific NW that probably date back to when they bought Best. I'd imagine these either had cheap long-term leases or were owned by them but never generated much volume. The Best stores were only in Seattle with one store in Portland. They may hav...
- April 26th, 2024, 7:42 am
- Forum: Drugstore Chains
- Topic: Rite Aid closing at least 63 stores
- Replies: 1598
- Views: 154530
Re: Rite Aid closing at least 63 stores
They are now asking for an extension to July 31 to make decisions on lease rejections... This would imply they still plan to be in bankruptcy on July 31...? This is not looking good to me, a month ago it felt like they were making preparations to emerge soon... now I see stores with hardly any inve...
- April 23rd, 2024, 6:13 am
- Forum: California USA
- Topic: Costco Relocating In Fresno
- Replies: 10
- Views: 388
Re: Costco Relocating In Fresno
Costco has something like 10 new store projects going in NorCal. It is quite interesting. I think they're trying to play chess to prevent Sam's Club from doing any expansion in the market. After Sam's Club closed two stores in metro Sacramento it doesn't bode too well. I think Costco may be hitting...
- April 22nd, 2024, 9:47 am
- Forum: Non Region-Specific
- Topic: 🛒 Kroger-Albertsons Merger: National Impact
- Replies: 456
- Views: 30516
Re: 🛒 Kroger-Albertsons Merger: National Impact
Did the purchase price.change? I don't see that anywhere.
- April 22nd, 2024, 8:42 am
- Forum: Drugstore Chains
- Topic: Rite Aid closing at least 63 stores
- Replies: 1598
- Views: 154530
Re: Rite Aid closing at least 63 stores
I saw the same thing in the Portland market as well over the weekend. They look like they are out of business.
- April 21st, 2024, 3:47 pm
- Forum: Drugstore Chains
- Topic: Rite Aid closing at least 63 stores
- Replies: 1598
- Views: 154530
Re: Rite Aid closing at least 63 stores
They made some fundamentally bad decisions as they grew and this ultimately constrained their options. Thrifty-Payless was losing money. Correction, Thrifty Payless was a profitable $5 billion company before the Rite Aid acquisition. Happy to share the history of that company but don't post that th...
- April 13th, 2024, 7:05 am
- Forum: Restaurant Chains
- Topic: Jack in the Box & Del Taco moving to 100% kiosks
- Replies: 11
- Views: 488
Re: Jack in the Box & Del Taco moving to 100% kiosks
Jack In The Box had kiosks in their San Francisco Bay Area stores up until around 2016 or so. Customers hated them. Nobody used them. They didn't take cash, and it was complicated to order. Most of the time it was so frustrating that you would just order the bare minimum and pay. Ordering with a ca...
- April 11th, 2024, 12:03 pm
- Forum: Northwest, Rockies, & Alaska USA
- Topic: 🛒 Kroger-Albertsons Merger: Northwest, Rockies, & Alaska Impact
- Replies: 93
- Views: 8574
Re: 🛒 Kroger-Albertsons Merger: Northwest, Rockies, & Alaska Impact
Interesting story: https://www.oregonlive.com/business/2024/04/fred-meyer-albertsons-internal-documents-show-fierce-competition-in-portland-before-merger-talks-we-must-stay-hungry.html Fred Meyer, Albertsons internal documents show fierce competition in Portland before merger talks: ‘We must stay h...
- April 10th, 2024, 11:35 am
- Forum: Drugstore Chains
- Topic: Rite Aid closing at least 63 stores
- Replies: 1598
- Views: 154530
Re: Rite Aid closing at least 63 stores
More closures today on the bankruptcy docket. 17 stores. Most in CA/PA. Still no more in OR/WA. I think OR/WA have been spoken for in their current form. Also hearing multiple stores are getting told they are closing this week... which are not on any lists yet (I guess we will see those on a list n...