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Industry News

Storefronts: What the tenants are up to

November 18, 2019

Altria
Richmond-based cigarette manufacturer Altria has created an alternative product for smokers called iQOS to osffset declining sales of conventional cigarettes. The company opened its first branded iQOS store, in Carytown. The iQOS device will be sold only in face-to-face interactions with customers at the Carytown store and at some pop-up kiosks that Altria is planning to set up at various locations in the Richmond area. Richmond Times-Dispatch

Buc-ee’s
The Texas-based convenience-store operator broke ground on a 104-pump fuelinug station that is expected to open in 2021. The 53,254-square-foot property will be located off Interstate 95 in St. Johns County, Fla. Jacksonville Daily Record

Giant
In-store eateries have allowed the supermarket chain to sell beer and wine in 107 of its Pennsylvania stores despite the state’s strict alcohol retail restrictions. Grocery Dive

Goop
Actress Gwyneth Paltrow’s aspirational retail brand Goop opened its fifth brick-and-mortar store on Fillmore Street, in San Francisco. The Mercury News

JCPenney
The department store chain impressed Wall Street analyst by losing less money than expected in the third quarter thanks im part to improved sales of diamonds and denim. Sales at stores open for more than a year fell 9.3 percent, compared with expectations of a 7.74 percent decline, according to data from IBES Refinitiv. Reuters

Northgate Gonzalez Market
The Anaheim, Calif.-based, Latino-themed supermarket chain is growing its regional footprint into the Inland Empire by moving into a 42,000-square-foot former Toys R Us store in Riverside, Calif. The family-owned company currently operates 40 stores in Southern California. The Press-Enterprise

Patagonia
The outdoor gear brand opened a Worn Wear pop-up shop in Boulder, Colo., to sell used clothing returned by customers at discounted prices. The shop, which will operate through February 2020, will also sell a line of products made from used items that were beyond repair and host repair and upcycling workshops. Sporting Goods Business Online

Starbucks
The coffee chain opened its biggest store yet, a five-level, 35,000-square-foot Roastery in the former Crate & Barrel store on Michigan Avenue. The Chicago Roastery is the retailer’s sixth such store. CNN Business via KSL

The Skimm
Media company The Skimm, which produces newsletters aimed at upscale female readers, aims to grow its brand by tapping into physical retail space this holiday season with a pop-up shop in New York City that will sell will fashion, fitness, accessory and home decor items. WWD via Yahoo

Subway
The Milford, Conn.-based sandwich chain has instituted a new system to encourage franchisees of troubled locations to sell their franchises to other operators rather than close them. Operators have been closing restaurants at an increasing rate for three years, including more than 1,100 locations last year and more than 2,300 locations since 2015, when the chain peaked at 27,103 U.S. restaurants, according to Technomic Top 500 data. Restaurant Business

By Brannon Boswell

Executive Editor/SCT

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