The retail behemoth, Wal-Mart, is looking for additional sites for its small(er) footprint Neighborhood Market concept to follow two recently-opened stores, along with two more in the works. The five are:
Opened – Red Bank Road and St. James Avenue, both in Goose Creek
Planning – Dorchester at Bacons Bridge Road in Summerville and Ladson at Miles Jamison Road in Ladson
Permitting – Dorchester Road at Patriot Boulevard, across from Bosch and near a Golds Gym that was formerly a Pigg
In a somewhat related topic, Corner Bakery is looking to expand to CHS and Columbia with five or six new stores and is scouting for sites now as it plans to double its national store count (now at 185) in the next two years.
Warren Wise of The Post and Courier gives us a great update on retail/restaurants coming and going across the CHS region.
- Chipotle is looking at two more sites (they have two already – one on Rivers Avenue in N CHS and one at King/Calhoun downtown); the two new sites would be in West Ashley at 2051 Sam Rittenberg Blvd. near Citadel Mall, and the other in a former mattress store at Centre Pointe near Tanger in N CHS. How ’bout Summerville or Mt. Pleasant?
- Velocity Air Sports plans to open an entertainment facility with trampoline dodge ball and such at the 40k SF former Sofa Super Store at 8551 Rivers Avenue in N CHS.
- A local pharmacy, Delta Pharmacy and Medical Supply will open its 7th location in Hollywood inside the Pigg.
- Lulu Burgess of Beaufort will open a 1,285 SF store at 409 King St.
- A wedding boutique store, Steel Magnolias Boutique, has opened at 416-A Old Trolley Road in Summerville.
- PowerFit, a personal trainer, has leased 2,400 SF at Morgans Point Road in Mt. Pleasant.
- A new Sunoco station is set for a re-grand opening in Summerville at 9910 Dorchester Road.
In an update from the staff at The Post and Courier, a few new dining and retail options, including:
- Arriba Cantina Cocina Mexican restaurant at the Bohicket Marina on Johns Island
- New YoBo Cantina Fresca at 1067 E. Montague Avenue near Park Circle in N CHS
- New Carvel ice cream a Mount Pleasant Towne Centre
- Expanded Copper Penny shoe store at Mount Pleasant Towne Centre
Abercrombie & Fitch – 60 stores
Aeropostale – 120 in 2014 and closing another 126 mall outlets in fiscal 2015
Barnes & Noble – doesn’t cite how many, just alot of stores in flux at this company
Family Dollar – pending acquisition by DollarTree could result in 500 FD’s closing
JCPenney – 40 stores in 2015
Macy’s – 14 store closings announced in January 2015
Office Depot – after merging with OfficeMax (2013), to close 400 stores by YE 2016; now talking merger with Staples, and more stores could close as a result
Radio Shack – in flux, with RS’ recent bankruptcy filing; trying to sell 1500-2400 of its 4000 stores to General Wireless and working out a deal with Sprint for some (other) stores
Sears Holdings – closing 235 stores, mostly KMarts, announced in December.
Staples – announced March 2014 it would close 225 underperfoming stores by mid-2015. One retail analyst estimates a merger or Staples/Office Depot could result in 1,000 store closings.
An outdoor sporting goods retail store of 30,000 SF will anchor the eyesore Heritage Square shopping center in Summerville and include fishing gear and an 18-bay shooting range. Palmetto State Armory, based in Columbia, is also planning to take the former Food Lion at National Center in Mt. Pleasant, though the shooting range has been nixed. Abigail Darlington of The Post and Courier has the story.
In a pretty big acquisition amongst discount retailers, DollarTree is going outside their box of everything at a dollar and buying the entire 8,000-unit Family Dollar chain at $74.50/share, and making it the number one chain of discounters, slightly ahead of Dollar General’s 11,300 store count. Bloomberg has the story here. And it will mean some store closures and consolidation amongst individual stores, and the loss of a headquarters count in nearby Charlotte.
Charlotte-based Faison Enterprises doubled down on its prior $19.2M Ashley Landing purchase earlier this year, with now the purchase of the dark Piggly Wiggly at the triangle of Sam Rittenburg Boulevard, Old Towne Road and Sumar Streets. Faison bought the dark box and more importantly its underlying 2.5 acres as part of its re-development of the 330,000SF retail center now anchored by Big Lots, Burlington Coat Factory and a free-standing Publix grocery store which will be renovated, along with the larger center over the next year. A Starbucks and other tenants have already been announced. Abigail Darlington has the story for The Post and Courier.
Wal-Mart’s planned significant expansion of its Neighborhood Market concept is finally resulting in a new store in CHS. They have submitted plans with Dorchester County for their new grocery concepts at Bacons Bridge and Dorchester Roads in Summerville. Wal-Mart Neighborhood Markets has existing and planned stores in the Upstate and recently opened a store in Myrtle Beach, while two new stores are planned for Orangeburg. Abigail Darlington of The Post and Courier has the story.
RCA (Real Capital Analytics) reports the other RCA (Retail Centers of America, part of ARC American Realty Capital) has Northwoods MarketPlace is rumored to be under contract to purchase at about $35M or almost $150/SF from a JV of DRA Advisors and RCG Ventures out of Atlanta. Northwoods MarketPlace is anchored by Barnes & Noble, Best Buy, Big Lots, Guitar Center and Old Navy. $150/sf – WOW! No link.
Birmingham-based Hibbett Sports has added a second CHS location to its 37 in the state. This one will be in the dark Blockbuster Video on Hwy 52 in Moncks Corner. Hibbett caters to mid-sized towns like Greenwood or Beaufort or Seneca but also has locations in Myrtle Beach, Columbia and Greenville. Abigail Darlington of The Post and Courier has the brief announcement (#2 in the article).