Sears Holdings Corp. is expanding an outlet concept that, unlikesome of the other strategies the company has, makes sense to expandin this environment. It recently announced plansto open a unit in Schaumburg, IL; replacing a GreatIndoors store, and will open another one in Concord, NC, replacing aKmart.
No major expansion plans were made public by the retailer, butthe company currently operates about 100 of these stores, and itseems prepared to open more. For one thing, it seems like a goodplan because these outlets are a good way to replace otherconcepts, like Great Indoors, that weren't performing well.
And we are assuming that the outlets, which sell discountedappliances, clothing and other items will do well in thisenvironment. Other department stores, though on the higher-endscale, seem to think so. NeimanMarcus, Nordstrom and others are all expanding theiroff-price concepts.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
