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C Store Dive | Examining the Challenges and Likelihood of Couche-Tard’s Takeover of 7-Eleven
Couche-Tard’s potential acquisition of 7-Eleven faces significant challenges, including regulatory hurdles and convincing 7-Eleven's parent company to agree to the deal. RetailStat’s Michael Infranco contributed to the story by highlighting the low probability of the acquisition's success and noting how recent activist investor pressure on 7-Eleven could influence Couche-Tard's strategy.
Source: Source Link | 08-20-2023
Grocery Dive | Is Lidl Poised to Finally Turn the Corner in the US?
Lidl is exploring its untapped potential in the U.S. market, but analysts note the grocer still faces significant challenges. RetailStat's Michael Infranco highlighted that Lidl’s scattered store placements have hindered its brand growth, suggesting a more focused regional strategy could be beneficial.
Source: Source Link | 06-17-2024
S&P Global | Drugstores Reduce Space Amid Competition
Major drugstore chains are closing numerous stores in response to increased competition from online shopping and discount retailers. This trend is highlighted by proprietary data from RetailStat.
Source: Source Link | 05-24-2024
Wall Street Journal | Real-Estate Downsizing Finally Comes for Your Pharmacy
Major drugstore chains are closing numerous stores due to increased competition from online shopping and discount retailers. RetailStat proprietary data highlights this trend.
Source: Source Link | 05-21-2024
ABC News | Rite Aid Creditors Complain of ‘Excessive’ CEO Pay Ahead of Monday Hearing
Ahead of Rite Aid's bankruptcy reorganization hearing, creditors have criticized the company's CEO, Jeffrey Stein, for his $20 million "success fee," arguing it's excessive compared to what unsecured creditors will receive. RetailStat's Michael Blackburn noted that while objections to executive compensation during bankruptcy are common, the size of Stein's compensation is unusually high, especially considering the financial strain on victims of the opioid crisis involved in the case.
Source: Source Link | 04-24-2024
Wall Street Journal | Location (Data) Is Everything for Retailers Opening Stores
Retailers are leveraging advanced location analytics, like RetailStat, to choose optimal new store locations, avoid cannibalization, and ensure high success potential.
Source: Source Link | 03-13-2024
Globe Street | Grocers' Tech Adoption Helps Drive Store Expansion
In-store technology has fueled significant growth among major grocers in the U.S., with over 500 new stores and 26.3 million square feet added since 2020. RetailStat's early 2024 estimates predict at least 80 new store openings, totaling 4.3 million square feet, as grocery-focused tech investments continue to rise.
Source: Source Link | 03-11-2024
Chain Store Age | Discount Grocer Tops List of Nation's Fastest-Growing Grocers
JLL's 2024 Grocery Report, utilizing RetailStat data, reveals that Aldi led the expansion among grocers in 2023, opening 109 new stores and adding 2.47M SF of space.
Source: Source Link | 08-28-2024
CoStar News | Here’s How ‘Golden Tenants’ Can Help Revive Ailing Shopping CentersCoStar News | Here’s How ‘Golden Tenants’ Can Help Revive Ailing Shopping Centers
RetailStat played a crucial role in the revival of The Village at Totem Lake, a struggling shopping center in Kirkland, Washington, by identifying the potential of "golden tenants" like Whole Foods Market to drive increased foot traffic. According to RetailStat's Doug Munson, the successful transformation of this property demonstrates how strategic tenant placement can rejuvenate ailing retail spaces across the country.
Source: Source Link | 12-10-2023
The Atlanta Jewish Times | These are Happy Days for Some Mall Owners
Convenience mall rents and leases have reached record highs, driven by increased demand for these shopping centers. A national survey by RetailStat highlighted an 18% rise in visits to convenience centers, contrasting with the struggles faced by large regional malls.
Source: Source Link | 11-16-2023
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