Toys R Us filed for bankruptcy and plans to close underperforming stores and transform others. Perfumania also filed for bankruptcy and will close some stores. Several retailers have credit ratings below satisfactory and future closures may be imminent. More than 5,300 store closures are expected by the end of 2017, with apparel and electronics stores making up almost half. While many stores are closing, some retailers like Lidl and Aldi are expanding aggressively.
JLL Retail: Store closure summary, October 2017 JLL
JLL Retail Research looks at coming closures, the impact of e-commerce on brick and mortar stores, how the store experience is changing and which retailers are actually expanding operations despite the current climate (as of October 2017).
JLL Retail Research looks at coming closures, the impact of e-commerce on brick and mortar stores, how the store experience is changing and which retailers are actually expanding operations despite the current climate.
JLL's retail store closure summary - March 2017JLL
JLL Retail Research looks at coming closures, the impact of e-commerce on brick and mortar stores, how the store experience is changing and which retailers are actually expanding operations despite the current climate.
Want the latest report? View this link: https://www.slideshare.net/JLL/jlls-retail-store-closure-summary-august-2017
JLL Retail Research looks at coming closures, the impact of e-commerce on brick and mortar stores, how the store experience is changing and which retailers are actually expanding operations despite the current climate (as of March 2018).
A review of the grocery market, including trends for the Big 4 supermarkets, convenience stores and discount stores. Includes data on the past 5 years, with a focus on the 12 months of 2017. Includes commentary from industry experts. Contact marketing@localdatacompany.com for more information on this market
• McBride to post better-than-expected profits as restructuring project pays off
• Waitrose to slash payment terms for small food producers
• Aldi extends partnership with Team GB for another four years
• Tesco kicks off summer trading with double Clubcard points weekend
• Disappointing month for retail sales but too early to assess impact of Brexit
• No signs of Brexit blues at Waitrose and John Lewis
• Poundland agrees to £597m takeover offer from Steinhoff
• Ebay eyes possibility of pop-up stores in Sainsbury's outlets
• Iceland to open first dark store
• B&M making good progress in tough market
• Mothercare continues on path to recovery
• Co-op sells 298 stores to McColl’s for £117m
• Halfords like-for-likes slip as bad weather hits cycling sales
JLL Retail: Store closure summary, October 2017 JLL
JLL Retail Research looks at coming closures, the impact of e-commerce on brick and mortar stores, how the store experience is changing and which retailers are actually expanding operations despite the current climate (as of October 2017).
JLL Retail Research looks at coming closures, the impact of e-commerce on brick and mortar stores, how the store experience is changing and which retailers are actually expanding operations despite the current climate.
JLL's retail store closure summary - March 2017JLL
JLL Retail Research looks at coming closures, the impact of e-commerce on brick and mortar stores, how the store experience is changing and which retailers are actually expanding operations despite the current climate.
Want the latest report? View this link: https://www.slideshare.net/JLL/jlls-retail-store-closure-summary-august-2017
JLL Retail Research looks at coming closures, the impact of e-commerce on brick and mortar stores, how the store experience is changing and which retailers are actually expanding operations despite the current climate (as of March 2018).
A review of the grocery market, including trends for the Big 4 supermarkets, convenience stores and discount stores. Includes data on the past 5 years, with a focus on the 12 months of 2017. Includes commentary from industry experts. Contact marketing@localdatacompany.com for more information on this market
• McBride to post better-than-expected profits as restructuring project pays off
• Waitrose to slash payment terms for small food producers
• Aldi extends partnership with Team GB for another four years
• Tesco kicks off summer trading with double Clubcard points weekend
• Disappointing month for retail sales but too early to assess impact of Brexit
• No signs of Brexit blues at Waitrose and John Lewis
• Poundland agrees to £597m takeover offer from Steinhoff
• Ebay eyes possibility of pop-up stores in Sainsbury's outlets
• Iceland to open first dark store
• B&M making good progress in tough market
• Mothercare continues on path to recovery
• Co-op sells 298 stores to McColl’s for £117m
• Halfords like-for-likes slip as bad weather hits cycling sales
Your weekly Grocery news update - 11th July 2016Lucy Allison
It's been a disappointing month for retail sales but still too early to assess the full impact of Brexit. However there's no signs of Brexit blues at Waitrose and John Lewis...
New grocery store openings were up 30 percent in 2018, with more than 17 million square feet of space added in the United States according to JLL’s Grocery Tracker 2019 report. More than one-quarter of the new stores were in Florida, California and Texas due to expansion by their respective.
Leading Trends in Retail Innovation by Brian SolisBrian Solis
Leading digital analyst, anthropologist and keynote speaker Brian Solis shares insights from his research into the most progressive retailers changing the innovation game.
Work with Brian on research, advisory/strategy or have him speak at your event or with your executives. brian@briansolis.com - www.briansolis.com
To understand the state of retail innovation, Brian interviewed 12 top retail executives at some of the industry’s most-recognized brands. He set out to learn how leading retailers are responding to digital disruptions — and staying ahead of them. We also aimed to uncover the challenges they face and the strategies that are making an impact.
His interviews and third-party research showed that retailers engage in these five strategies:
Constantly map the customer journey to create smooth cross-channel customer experiences.
Engage in deep consumer research.
Prioritize innovations that target the connected consumer.
Invest in formal innovation programs.
Cultivate the necessary digital skills across the organization.
The insights from some of the most successful retailers can offer guidance on how to stave off disruption and keep pace with an evolving retail landscape.
To understand the state of retail innovation, we interviewed 12 top retail executives at some of the industry’s most-recognized brands. We set out to learn how leading retailers are responding to digital disruptions — and staying ahead of them. We also aimed to uncover the challenges they face and the strategies that are making an impact.
Our interviews and third-party research showed that retailers engage in these five strategies:
Constantly map the customer journey to create smooth cross-channel customer experiences.
Engage in deep consumer research.
Prioritize innovations that target the connected consumer.
Invest in formal innovation programs.
Cultivate the necessary digital skills across the organization.
The insights from some of the most successful retailers can offer guidance on how to stave off disruption and keep pace with an evolving retail landscape.
Consumer M&A activity continued to surge with the highest valuations not seen since the economic downturn of 2008 and over $137 billion in total transaction value. Consumer confidence continued to rise, with U.S. retail sales increasing by 4.2% in 2017, bolstered by one of the strongest holiday seasons in recent years. Despite its challenges, the apparel sector could be seen as experiencing a year of growth. Read the apparel report for an in-depth analysis of the global industry, focusing on themes, issues, and opportunities impacting the sector and its performance. We hope you will find this report, and the other reports to follow, a useful source of information.
Presentation to Continuing Education program at Capilano University on a general overview of retail as a career, state of the industry, and retail management.
Your weekly Grocery news update - 11th July 2016Lucy Allison
It's been a disappointing month for retail sales but still too early to assess the full impact of Brexit. However there's no signs of Brexit blues at Waitrose and John Lewis...
New grocery store openings were up 30 percent in 2018, with more than 17 million square feet of space added in the United States according to JLL’s Grocery Tracker 2019 report. More than one-quarter of the new stores were in Florida, California and Texas due to expansion by their respective.
Leading Trends in Retail Innovation by Brian SolisBrian Solis
Leading digital analyst, anthropologist and keynote speaker Brian Solis shares insights from his research into the most progressive retailers changing the innovation game.
Work with Brian on research, advisory/strategy or have him speak at your event or with your executives. brian@briansolis.com - www.briansolis.com
To understand the state of retail innovation, Brian interviewed 12 top retail executives at some of the industry’s most-recognized brands. He set out to learn how leading retailers are responding to digital disruptions — and staying ahead of them. We also aimed to uncover the challenges they face and the strategies that are making an impact.
His interviews and third-party research showed that retailers engage in these five strategies:
Constantly map the customer journey to create smooth cross-channel customer experiences.
Engage in deep consumer research.
Prioritize innovations that target the connected consumer.
Invest in formal innovation programs.
Cultivate the necessary digital skills across the organization.
The insights from some of the most successful retailers can offer guidance on how to stave off disruption and keep pace with an evolving retail landscape.
To understand the state of retail innovation, we interviewed 12 top retail executives at some of the industry’s most-recognized brands. We set out to learn how leading retailers are responding to digital disruptions — and staying ahead of them. We also aimed to uncover the challenges they face and the strategies that are making an impact.
Our interviews and third-party research showed that retailers engage in these five strategies:
Constantly map the customer journey to create smooth cross-channel customer experiences.
Engage in deep consumer research.
Prioritize innovations that target the connected consumer.
Invest in formal innovation programs.
Cultivate the necessary digital skills across the organization.
The insights from some of the most successful retailers can offer guidance on how to stave off disruption and keep pace with an evolving retail landscape.
Consumer M&A activity continued to surge with the highest valuations not seen since the economic downturn of 2008 and over $137 billion in total transaction value. Consumer confidence continued to rise, with U.S. retail sales increasing by 4.2% in 2017, bolstered by one of the strongest holiday seasons in recent years. Despite its challenges, the apparel sector could be seen as experiencing a year of growth. Read the apparel report for an in-depth analysis of the global industry, focusing on themes, issues, and opportunities impacting the sector and its performance. We hope you will find this report, and the other reports to follow, a useful source of information.
Presentation to Continuing Education program at Capilano University on a general overview of retail as a career, state of the industry, and retail management.
The April 2018 Edition of the latest retail industry trends that are disrupting the future of retail. The East leads the West in new retail models. Innovation is everywhere.
This is a constantly evolving retail technology and trends presentation. From retail globalization trends to some of the latest digital trends, I explain the disruptive innovation journey. This version was delivered to a group of Japanese retailers and has a little retail loos prevention spin. Retail is a team sport. Information will place you on the winning team.
Macroview weekly news update - 18th july 2016Rūta Misiūnaitė
• Asda taps into Pokemon Go craze
• Brexit concerns, weather and major sporting events impacts retail footfall
• Boots to launch in South Korea
• 28% of shoppers in Ireland say they would go elsewhere after finding their product was out of stock on two occasions or less
• Sainsbury's emulates Amazon with one-hour home delivery service trial
• Sainsbury's completes axing of multi-buys ahead of schedule
• Consumers name Amazon as their favourite retail brand
• Nine out of 10 UK retail sales “touch” bricks-and-mortar stores
• Warmer weather helps lift sales at Waitrose
• John Lewis sales up 3.8% last week
• WHSmith pledges to pass on savings to some airport customers
• Scottish retail sales dip 1.4% in June
• Unilever reports slightly better than expected sales growth but remains cautious on outlook
• New research highlights Olympics sales opportunity for retailers
• CMA clears Sainsbury’s acquisition of Home Retail Group
Similar to JLL Retail: Store closure summary, September 2017 (20)
September 2018 U.S. employment update and outlookJLL
With 201,000 net new jobs, August 2018 rebounded after a slower July 2018, aided by growth in a variety of sectors, most notably a resurgence in transportation, warehousing and wholesale trade.
July saw the labor market add 157,000 net new jobs, slower than growth in recent months but still positive and healthy overall. A 13,000-job contraction in government employment, combined with a 5,000 financial activities jobs lost in net terms, were partially responsible for this slowdown. At the same time, sustained talent shortages across markets continue to keep growth more volatile than normal.
With 213,000 net new jobs added in June, the labor market’s expansion now totals 92 consecutive month, placing it among the longest periods of post-war expansion.
Remarkably, gains have been found largely across industries, although retail trade posted contraction of 21,600 jobs after showing signs of recovery earlier in the year.
A slight boost to the participation rate pushed unemployment up 20 basis points to 4.0 percent, however.
May’s 223,000 net new jobs represented the 91st consecutive month of growth, further extending an already unprecedented expansionary cycle. Since early 2017, the change in employment compared to the previous cycle has been higher than growth in the civilian labor force, leading to rapid declines in unemployment, which now stands at just 3.8%. With the economy showing no meaningful signs of slowdown and inflation rising under the pressure of sustained output growth, the Federal Reserve is on track to continue its program of tightening over the coming quarters.
With 164,000 net new jobs, employment growth in April 2018 maintained the year's solid pace. Growth was spread across industries, although professional services emerged as a clear leader during the month, accounting for roughly one-third of all gains.
A slight drop to the civilian labor force spread to both employment and unemployment figures, driving down unemployment to a new low of 3.9 percent.
Debt funds are increasingly competing with traditional lenders like banks and life companies when it comes to placing debt in commercial real estate deals. But just how prevalent are these relative newcomers? Take a look at the SlideShare to see how debt funds are claiming their slice of the lending pie.
The 313,000 net new jobs created in February represented the highest monthly level of job creation since mid-2016.
Growth was found throughout the labor market, with goods-producing sectors such as construction, retail and manufacturing in particular holding firm and, in the case of retail trade, rebounding after months of losses.
Gains were also possible as a result of a sharp increase in labor-force expansion, which boosted labor force participation and kept unemployment at 4.1 percent rather than declining further.
February 2018 U.S. employment update and outlookJLL
January 2018 saw 200,000 net new jobs created, with unemployment once again stable at 4.1 percent. Job growth continues in line with expansion of the broader labor force, even as slack diminishes.
January 2018 U.S. employment update and outlookJLL
December 2017 saw 148,000 net new jobs added to the national labor market, below consensus figures but still healthy. Unemployment held steady at 4.1 percent and is expected to stay flat or decline in the absence of meaningful improvements in labor force participation or accelerated expansion of the labor force. A combination of widespread positive fundamentals, from consumer spending to business investment, is keeping the outlook for 2018 optimistic.
December 2017 U.S. employment update and outlookJLL
Monthly employment growth surpassed the 200,000-mark for a second consecutive month in November, adding 228,000 jobs and countering hurricane-related pauses earlier in the year. Importantly, job growth is still taking place faster than the labor force is capable of expanding and with the participation rate not increasing, placing pressure on employers in primary, secondary and tertiary markets to expand their headcount.
November 2017 U.S. employment update and outlookJLL
October saw 261,000 net new jobs added, a rebound from a weak September hit with two hurricanes and an initially negative employment growth figure. Revisions brought September back to positive territory, however, extending the expansionary streak to 84 consecutive months of growth. Although unemployment has fallen to 4.1 percent, wage growth has yet to meaningfully improve, remaining below the 3.0-percent threshold and with most industries seeing a slowdown the rate of annual earnings growth.
The London leasing market has so far remained resilient to slower economic growth. Q3 take-up hit 3.3 million sq ft, bringing the year to date total to 8.1 million sq ft, 18% up on the 2016 total to end Q3, and comfortably ahead of long-term average levels. The rise of flexible offices has been a key feature, accounting for 17% of take-up in 2017.
Three years from the start of the oil slump, employment and commercial real estate fundamentals are finally showing incremental improvement across North America’s energy markets. Examine the key themes in today’s industry and explores challenges and opportunities in seven energy-centric cities across the U.S. and Canada.
Vacancy at the top of the market is slowly moving upward, although levels remain below historic norms. New supply and givebacks upon relocation due to efficiency have begun to and will continue to result in rising vacancy.
October 2017 U.S. employment update and outlookJLL
After more than 80 consecutive months of growth, the U.S. labor market saw its first contraction, losing 33,000 jobs in net terms, largely a result of Hurricanes Harvey and Irma. The overwhelming majority of losses were concentrated in the leisure and hospitality sector, particularly in Florida (Puerto Rico is not counted in monthly figures), further exacerbating this contraction.
September 2017 U.S. employment update and outlookJLL
The national labor market saw 156,000 net new jobs added in August, a solid figure but below expectations. Additionally, previous months registered downward revisions to job growth, muting some of the rebound witnessed during the summer. Continuing a trend that has intensified in recent quarters, a lack of skilled workers combined with minimal unemployment and external difficulties such as housing affordability in tech hubs have significantly slowed tech growth over the year. Even with inconsistent inflation, sustained job growth could likely encourage another Federal Reserve rate hike in the near term.
The U.S. labor market added 209,000 net new jobs in in July, marking the second consecutive month of gains of more than 200,000 after a series of wobbly months. Continued growth is placing further downward pressure on unemployment, now at its cyclical low of 4.3 percent.
May saw the addition of only 138,000 net new jobs, while gains in previous months saw downward revisions. Minimal improvement in retail trade combined with contractions in government and information kept increases down, although professional services, education, health and leisure remained stable.
2. What’s new in closures?
• Toys R Us has filed for bankruptcy protection.
Toys R Us filed for Chapter 11 this week, and plans
to use its bankruptcy filing as a way to reemerge
on the cutting edge of the retail world, closing
underperforming stores and transforming others
into "interactive spaces“.
• Perfumania files for bankruptcy protection.
Mall-based retailer chain Perfumania has sought
chapter 11 protection with plans to reorganize
around its better-performing stores. The company
plans to close 64 of its 226 stores during the
bankruptcy process.
TBD closures
+64 closures
3. Retailers to watch for closures
Source: Credit Intell
Retailer
Credit Intell
Rating
Retailer
Credit Intell
Rating
Academy Sports + Outdoors D1 Bon-Ton Stores E2
Boot Barn D1 Claire's Stores E2
J.C. Penney Company D1 Toys R Us E2
Jo-Ann Stores D1 99 Centers Only Stores F1
Tailored Brands D1 bebe stores F1
Staples D1 hhgregg F1
Christopher & Banks D2 Sears Holdings F2
Conn’s D2 Le Chateau F2
Destination Maternity D2 Gordmans Stores DIP
Lands' End D2 Sports Authority DIP
Stage Stores D2 Gander Mountain DIP
Rent-a-Center E1 Gymboree Corp DIP
Hudson's Bay Company E1 rue21, inc DIP
Stein Mart E1 Aeropostale DIP
Fred's E1 American Apparel DIP
J. Crew Group E1 Michigan Sporting Goods DIP
Neiman Marcus Group E1 Wet Seal DIP
Rite Aid Corp E1
Credit Intell Rating Definitions
CI rating
Equivalent
S&P rating
Credit quality
D1 B Below satisfactory
D2 B- Below satisfactory
E1 CCC+/CCC Poor
E2 CC Poor
F1 C Critical
F2 D Critical
DIP - Filed for bankruptcy
• These retailers all have credit ratings below satisfactory. Future closures may be
imminent.
4. What’s new in openings?
• Lidl is expanding. By the end of September, the
grocer will have opened 37 locations in five states on
the Eastern seaboard: North Carolina (13), South
Carolina (8), Virginia (14), Delaware (1) and Georgia
(1). Lidl plans to open as many as 100 stores in the
next year.
• Aldi targets 2,500 stores by 2022. The grocer
recently announced a $3.4 billion investment to
boost its U.S. presence by nearly 50% to 2,500
stores by the end of 2022. This puts the company on
a pace to become America’s third-biggest grocery
retailer by locations behind Wal-Mart and Kroger.
Source: PNC
+100 new stores
+800 new stores
(by 2022)
16. Midwest states have the most department store closures
Source: Credit Intel, JLL
31
14
18
1416
15
12
11
11
22
Top 10 announced
department store closures
#
Number of announced
department store
closures
21. Despite headlines, retail openings still trounce closures
MOVE-OUTS
MOVE-INS
25.0 MILLION S.F.
Mall square footage opened or closed over the last 12 months
15.4 MILLION S.F.
Source: CoStar, JLL Research
22. 0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0
2008 Q1 2009 Q1 2010 Q1 2011 Q1 2012 Q1 2013 Q1 2014 Q1 2015 Q1 2016 Q1 2017 Q1
Millions
Mall SF vacated Mall SF absorbed
Mall space absorbed outweighs space vacated
Source: CoStar, JLL Research