Wednesday, December 18, 2024
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Retail Placemaking

by Katie Lee

— By Kristin Harlow —   Owners are incorporating new uses and tenants in their retail redevelopment projects that help foster an environment where consumers want to linger.   The future of retail has been questioned many times in the last few years, but the sector continues to evolve and overcome the obstacles that arise. Today’s consumers want a gathering place to dine, drink and be entertained, especially after the isolation and stay-at-home mandates they endured throughout the pandemic. With that in mind, owners are redeveloping many underutilized retail properties …

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construction and designgreen building/LEEDNewsretailers

Food Lion Completes $127 Million Remodel of 87 Stores

by Katie Lee

Salisbury, N.C. — Food Lion has remodeled 87 stores across Georgia, Kentucky, North Carolina, South Carolina, Tennessee and Virginia for $127 million. Additionally, 73 of these stores have received the Energy Star certification from the U.S. Environmental Protection Agency and U.S. Department of Energy thanks to energy-efficient equipment, technologies and procedures. The company’s recently unveiled new format offers a wider variety and assortment of goods across all departments; a greater number of natural, gluten-free and organic items; a larger variety of local craft beer and limited reserve wines; a bigger …

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Target to Add More Than 100 Disney Shops to Stores Ahead of Holiday Season

by Katie Lee

Minneapolis — Target plans to expand to over 160 Disney shop-in-shop locations by the end of 2021. The Minneapolis-based retailer began opening Disney shops in select stores in 2019. The new stores will offer a collection of Disney items including toys and costumes ahead of the busy holiday shopping season. Target’s fiscal report for the second quarter of 2021 showed that toys have been a growing category for the company, according to CNBC. The news outlet also reports Target plans to join with FAO Schwarz to offer a 70-piece toy …

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Taco Bell to Reinvent Drive-Thru Concept with Futuristic Restaurant in Suburban Minneapolis

by Katie Lee

Brooklyn Park, Minn. — Taco Bell is building a restaurant with a new drive-thru concept in Brooklyn Park, a suburb of Minneapolis. Construction is underway on the 3,000-square-foot, two-story restaurant. Completion is scheduled for summer 2022. Known as Defy, the new restaurant concept was developed in partnership with Minneapolis-based Vertical Works Inc., a design company that works with quick-serve restaurants, retailers and healthcare tenants. In 2020, Border Foods, one of the largest privately held Taco Bell franchisees in America, enlisted Vertical Works to create a new restaurant design. With Defy, …

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WSJ Report: Amazon Plans New Department Store Chain

by Katie Lee

Seattle — Amazon, the Seattle-based e-commerce giant, is planning to open a chain of department stores to boost its sales in clothing, household items, electronics and other areas. The news comes from a Wall Street Journal report citing “people familiar with the matter.” The first stores are expected to open in Ohio and California and, at around 30,000 square feet, will be smaller than a typical department store. “It is unclear what brands Amazon will offer in the stores, although the company’s private-label goods are expected to feature prominently,” the …

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Topgolf Opens Fourth Georgia Venue

by Katie Lee

Buford, Ga. — Topgolf Entertainment Group plans has opened its fourth Georgia venue in Buford. The property anchors Exchange at Gwinnett, a mixed-use development by locally based Fuqua Development near Mall of Georgia. The Exchange at Gwinnett has more than 465,000 square feet of retail and restaurants, office space, hotel space and residential units. Other than Topgolf, The Exchange will include retailers such as Five Guys, Starbucks Coffee, Four Fat Cows, Chipotle and Sprouts Farmers Market. Topgolf Buford is a two-floor venue with 72 climate-controlled hitting bays. Other amenities include …

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Food Lion Completes $212.5 Million Remodel of 112 Mid-Atlantic Stores

by Katie Lee

Salisbury, N.C. — Food Lion has completed the $212.5 million remodel of 112 grocery stores in Virginia, West Virginia, Delaware, Pennsylvania and Maryland. The Salisbury, N.C.-based grocer hired 2,300 employees at the stores. According to a study conducted by Towson University’s Regional Economic Studies Institute, the stores will generate $360 million in economic impact. Over the next week, the locations will hold giveaways that will range from reusable shopping bags to gift cards. Each store now includes more items in the “local goodness” section, an expanded craft beer and limited …

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Chipotle Reports $1.6 Billion in Q3 Revenue as Digital Sales Triple

by Katie Lee

Newport Beach, Calif. — Year-over-year revenue for Chipotle Mexican Grill increased 14.1% to $1.6 billion for third-quarter 2020. Digital sales soared 202.5% to $776.4 million, accounting for 48.8% of sales for the period. The company’s net income was $80.2 million. Despite the sales increase, the net income is a decrease from $98.6 million in third-quarter 2019 as expenses increased during the COVID-19 pandemic. In addition to increased revenue, the Newport Beach-based fast-casual chain opened 44 new restaurants and closed three locations during the third quarter, bringing the total restaurant count …

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AMC Theatres Expects to be ‘Fully Open’ Globally in July

by Katie Lee

Leawood, Kan. — AMC Entertainment Holdings Inc. plans to reopen almost all of its U.S. and U.K. theaters in July. The Leawood, Kan.-based movie theater chain has already reopened 10 theaters in Norway, Germany, Spain and Portugal, and expects to be fully open globally in July ahead of the release of Christopher Nolan’s “Tenet” on July 17 and Disney’s “Mulan” on July 24. AMC is working closely with local, national and international officials to coordinate timing and requirements of reopening. It is consulting with the Harvard University School of Public …

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