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RETAIL OWNERSHIP SCORECARD 2004

BY JODI UIBERALL

How the retail landscape has changed since 1999, the year SCT last published the Retail Ownership Scorecard — though the ICSC Research Department has continued to update the Scorecard on the organization’s Web site. Acquisitions, the opening of new concepts, the closing of others — all have left their mark on the retail scene.

Recent notable changes include J.C. Penney’s sale of the struggling Eckerd drugstore chain to Jean Coutu Group and CVS Corp. Toy industry troubles led to the closing of all freestanding Kids ‘R’ Us stores, while a significant weakening among music stores forced Best Buy to sell its Musicland division. The news in the department store industry included Target’s sale of its Marshall Field’s and Mervyn’s divisions to The May Department Stores Co. and a consortium of three investment firms, respectively. (May also bought a handful of Mervyn’s units in the Twin Cities area.) There was consolidation in the supermarket industry too, with Albertsons strengthening its dominance by acquiring J. Sainsbury’s U.S. stores.

The Scorecard provides a quick guide to many multichain retail companies that have stores in malls and in neighborhood, community, lifestyle and power centers. Though this list is by no means exhaustive, it does include many U.S. and some European companies that operate department store, specialty, category-killer and food chains. Stores are listed under the name of their parent corporation. Also included are store counts, areas of operation and retail categories.

Jodi Uiberall is research administrator for ICSC Research.