Gatewood Retail News
Source: Halie LeSavage | Retail Brew In the biggest fashion crossover curveball since Crocs and my closet, Lowe’s revealed a major collaboration with next month’s New York Fashion Week. Designers Christian Siriano, Jason Wu, and Rebecca Minkoff will integrate Lowe’s products into their upcoming outdoor presentations next month. Lowe’s will livestream each designer’s show on its Twitter account. The Lowe’s logic: A quarantine surge in home improvement sales made living rooms “an epicenter of fashion,” said Lowe’s chief brand and marketing officer Marissa Thalberg. Meanwhile, apparel sales haven’t quite recovered from record lows. That may have dented designers’ show budgets and opened the door for an unexpected partner. Here’s the thing: Home and apparel crossovers work best when brands with overlapping audiences or aesthetics co-create…Read More >>
Source: CNBC / Lauren Thomas/ Amelia Lucas Industry analysts and restructuring experts say another wave of restaurant bankruptcies is looming, as government funds run out and the cooler months roll around, making outdoor dining less viable. “Pre-pandemic, you were already over-saturated with restaurants,” said Michael Jerbich, president of B. Riley Real Estate. “Then the pandemic comes, and you have the perfect storm.” Some restaurant landlords have struck short-term deals with their tenants, dramatically slashing base rent and asking for a percentage of sales instead because they know it could be tough to find new tenants. A chef walks towards the entrance of a California Pizza Kitchen Inc. restaurant in New York. Andrew Harrer | Bloomberg | Getty Images Restaurants have…Read More >>
The chicken chain has had one of the most incredible years in quick-service history. What’s the follow-up? Becoming a household name all over the world. FAST FOOD | AUGUST 2020 | SAM OCHES POPEYES Is a Popeyes takeover coming? McDonald’s Big Mac. Burger King’s Whopper. KFC’s Original Recipe. Arby’s Classic Roast Beef. Dairy Queen’s Blizzard. The quick-service restaurant industry is built on the wrappers and clamshells of iconic menu items, billons of dollars spent every year on food that exists as much in the cultural zeitgeist as it does in the grease-flecked bags served out of fast-food windows across America. And in 2019, another menu item climbed to the highest reaches of cultural relevance: Popeyes’ Chicken Sandwich. The sandwich—made up of…Read More >>
Stein Mart files for bankruptcy with store closing plans By Marianne Wilson – 08/12/2020 Stein Mart is the latest retail victim of the COVID-19 pandemic. The Jacksonville, Fla.-based off-pricer filed for Chapter 11 bankruptcy protection and plans to permanently close most of, if not all, its 279 stores. Stein Mart said it already has launched a store closing and liquidation process and continues to operate its business in the “ordinary course” in the near term. The retailer also is considering the sale of its e-commerce operations and intellectual property. [Further reading: Stein Mart signals it might not survive pandemic] “The combined effects of a challenging retail environment coupled with the impact of the coronavirus pandemic have caused significant financial distress on our business,” Hunt Hawkins,…Read More >>
Bankruptcy court has emerged as a shopping mecca for Sparc Group, the 50-50 partnership between Simon Property Group and Authentic Brands. Simon AUTHOR Daphne Howland@daphnehowland PUBLISHED Aug. 17, 2020 Bankruptcy court has emerged as a shopping mecca of sorts for Sparc Group, which, after successfully bidding on a series of retailers in Chapter 11, is now the “operating partner” for Aeropostale, Forever 21, Lucky Brand and Brooks Brothers, and is a rumored suitor of J.C. Penney. The venture says it supports “over $2.7 billion in global retail sales annually.” “Sparc Group” isn’t a typical retail enterprise, but, rather, half mall developer Simon Property Group, half brand conglomerate Authentic Brands Group — an entity designed to, as Simon CEO David Simon told analysts earlier this month, capitalize “on various value-creating…Read More >>
Apple becomes US’ first $2T company Shares have gained 59% this year By Jonathan GarberFOXBusiness close Apple to split stock to lower price Apple Inc. became the first U.S. company with a $2 trillion market capitalization as its share price climbed above $467.77. The tech giant joins Saudi Aramco as the only companies to reach a $2 trillion market value. Armaco, Saudi Arabia’s state-owned oil company, briefly topped the level just days after its December 2019 initial public offering. The company currently is currently worth $1.82 trillion. Apple’s market capitalization has soared by 59%, or $695 billion this year. Shares have gained 22% since July 30, when the company reported blockbuster second-quarter earnings and announced a 4-for-1 stock split. Ticker Security Last Change Change %…Read More >>
Source: Nations Restaurant News| Nancy Luna @fastfoodmaven Cracker Barrel Old Country Store is joining the growing list of restaurant chains deleting menu items to simplify operations during the coronavirus pandemic. The Lebanon, Tenn.-based comapny, which reported a 41.7% decline in same-store sales in the second quarter, has streamlined its menu for both guests and employees by eliminating items while also adding a few new dishes. Related: Cracker Barrel’s post-pandemic strategy: testing beer and wine program, rolling out new menu “We delete menu items from time to time to make room for new signature, craveable menu items that our guests love,” Cammie Spillyards-Schaefer, vice president of Culinary and Menu Strategy, told Nation’s Restaurant News in a statement. Cracker Barrel representatives declined to name the items removed…Read More >>
National Retail Federation | Karen Kroll With the COVID-19 pandemic showing little sign of letting up, the need to social distance is likely to remain for a while. That creates challenges for many businesses, particularly restaurants. After all, part of the fun of eating out comes from soaking in the energy of the crowd and enjoying the ambiance. Restaurant-goers might want to keep their distance, but not feel like they’re the only ones in a room. And while plexiglass dividers can keep people separated, they can also look sterile. Rethinking the Space Visitors to Lena’s Wood Fired Pizza & Tap in Alexandria, Va., might be forgiven for wondering if they’ve accidentally wandered into an elegant party. To keep patrons safe…Read More >>
Source: CNBC | Lauren Thomas KEY POINTS With more people clicking “buy” online, demand for industrial real estate could reach an additional 1 billion square feet by 2025, according to commercial real estate services firm JLL. The boom for fulfillment centers comes as the traditional retail real estate industry is suffering with store closures piling up and rents plummeting, as companies look to negotiate new leases. With online sales proliferating during the coronavirus pandemic, the U.S. is going to need more warehouses to store hoards of boxes and handle those orders. Holed up at home, and with many bricks-and-mortar stores temporarily shut, shoppers have turned to their computers and smartphones to buy everything from fresh groceries to new home furnishings to pet…Read More >>
If you are looking for a WINNING restaurant concept that would be 1) first to market, 2) family-friendly yet very cool 3) will possess a great opportunity for expansion, I would like to speak with you! In my work as a commercial broker specializing in restaurant and retail concepts, I rarely see concepts that make me want to get involved at this level but this concept is fantastic. This is a franchise and the candidate must meet the following criteria: $1MM in net worth (can include an investment partner) $500,000 in liquid capital Ready to begin development in next 3-6 months Previous experience in the restaurant industry a plus but not required. CONTACT: Tracy Gatewood Broker / Biggest Fan Gatewood…Read More >>
We would love to help you with all of your commercial real estate needs.
PLEASE SEND US A MESSAGE
Call today to hire your strategic success partner in commercial real estate!
Please contact us for all your commercial real estate needs.
(205) 469-6099 office / (205) 324-4704 cell