Shopping Centers Today -> September 2005
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WHO OWNS YOUR TENANTS NOW?

New concepts, acquisitions and mergers create a constantly evolving tenant pool for retail landlords. Our annual report keeps track of who’s doing what in 2005.






The four Cs: Closing, consolidating, capturing and concepts

Last year when we published the Retail Scorecard, the retail landscape was summarized into three Cs: closing, consolidating and capturing. This year we add a fourth C to the list: concepts.

Chain store retailers have been creating new concepts to diversify their product mix and target different age groups. New retail concepts include Abercrombie’s Rhuel, Ralph Lauren’s Rugby, Pacific Sunwear’s One Thousand Steps and Gap Inc.’s Forth & Towne (scheduled to open in the fall of 2005), just to give a few examples.

However, department store mergers were the biggest stories of the year. In the face of increasing competition from discounters, some retailers consolidated and others put themselves on the block. Neiman Marcus was sold to two private equity firms and Barney’s was acquired by Jones Apparel Group. Rumors have also been circulating that Nordstrom is up for sale.

The May-Federated merger was the leading story of the year, and next in line was the sale of Saks divisions Proffitt’s and McRae’s to Belk. Saks is seeking a buyer for its northern department stores division and Club Libby Lu specialty chain, but industry scuttlebutt indicates the company’s upscale Saks Fifth Avenue division may end up selling also.

Prepared by the SCT editorial team and ICSC Research, the Scorecard provides a quick guide to many retail conglomerates that have stores in malls and neighborhood community and power centers.

While this list is by no means exhaustive, it does include many U.S. and some international firms that operate department store, specialty, category-killer and food chains. Some retailers, both public and private, are reluctant to reveal their exact store counts broken down by division. Stores are listed under the name of their parent corporation. Also included are store counts and addresses of company headquarters. All stores are located within the U.S. unless otherwise noted.

The data in this Scorecard are collected from the companies’ most recent quarterly financial documents or from their Web sites. Because of the fluid nature of the business, SCT cannot guarantee the accuracy of all figures.

— Jodi Uiberall



Abercrombie & Fitch

6301 Fitch Path
New Albany, OH 43054
Total stores: 700
Stores by subsidiary: Abercrombie (162), Abercrombie & Fitch (347), Hollister (275), Ruehl (5)

Aéropostale Inc.

112 W. 34th St., 22nd Flr.
New York, NY 10120
Total stores: 616
Stores by subsidiary: Aéropostale (610), Jimmy’Z (6)

Ahold USA

1385 Hancock St.
Quincy Center
Quincy, MA 02169
Total stores: 1,365
Stores by subsidiary: Stop & Shop (360), Giant (101), Bi-Lo (428), Bruno’s (168), Tops Friendly Markets (152)

Albertsons

250 Park Center Blvd.
Boise, ID 83726
Total stores: 2,305

American Eagle Outfitters Inc.

150 Thorn Hill Dr.
Warrendale, PA 15086
Total stores: 854
Stores by subsidiary: American Eagle (783), American Eagle Canada (71, Canada only)

Ann Taylor Stores

142 W. 57th St.
New York, NY 10019
Total stores: 684
Stores by subsidiary: AnnTaylor (359), AnnTaylor Loft (343), AnnTaylor Factory Outlet (36)

Arden Group Inc.

2020 S. Central Ave.,
Compton, CA 90220
Total stores: 18
Stores by subsidiary: Mayfair Markets (1), Gelson’s Markets (17)

BJ’s Wholesale Club Inc.

1 Mercer Rd.
Natick, MA 01760
Total stores: 157
Stores by subsidiary: BJ’s Wholesale Club (155), ProFoods Restaurant Supply Club (2)

Barnes & Noble

122 Fifth Ave.
New York, NY 10011
Total stores: 821
Stores by subsidiary: Barnes & Noble (671), B. Dalton Bookseller (150)

Bebe Stores Inc.

400 Valley Dr.
Brisbane, CA 94005
Total stores: 214
Stores by subsidiary: Bebe (166), Bebe Sport (31), Bebe Outlet (17)

Best Buy Co.

7601 Penn Ave. So.
Richfield, MN 55423
Total stores: 757
Stores by subsidiary: Best Buy (565), Magnolia Audio-Video (71), Future Shop (115, Canada only)

Belk Inc.

2801 W. Tyvola Rd.
Charlotte, NC 28217
Total stores: 272
Stores by subsidiary: Belk Department Stores (228), Proffitts (22), McRae’s (25)

Bed Bath & Beyond Inc.

650 Liberty Ave.
Union, NJ 07083
Total stores: 697
Stores by subsidiary: Bed Bath & Beyond (671), Christmas Tree Shops (26), Harmon Stores Inc. (35)

BJ’s Restaurants Inc.

16162 Beach Blvd., Ste. 100
Huntington Beach, CA 92647
Total stores: 40
Stores by subsidiary: BJ’s Restaurant & Brewery (10), BJ’s Pizza & Grill (9), BJ’s Restaurant & Brewhouse (21)

Big Lots Inc.

300 Phillipi Rd.
Columbus, OH 43228
Total stores: 1,543
Stores by subsidiary: Big Lots (1,500), Big Lots Furniture (43)

Blockbuster Inc.

1201 Elm St.
Dallas, TX 75270
Total stores: 9,100 in 25 countries

Bombay Co. Inc.

550 Bailey Ave., Ste. 700
Fort Worth, TX 76107
Total stores: 471
Stores by subsidiary: Bombay (373), Bombay Kids (50), Bombay Outlet (48)

The Bon-Ton Stores

2801 E. Market St.
York, PA 17402
Total stores: 141
Stores by subsidiary: The Bon-Ton (72), Elder-Beerman (69), Elder-Beerman Furniture Super Stores (2)

Borders Group

100 Phoenix Dr.
Ann Arbor, MI 48108
Total stores: 1,202
Stores by subsidiary: Borders Books & Music (507 in U.S., U.K. and Pacific Rim nations), Borders Express (50),Walden Books (650), Books Etc. (35, U.K. only)

Brinker International Inc.

6280 LBJ Fwy.
Dallas, TX 75240
Total stores: 1,441
Stores by subsidiary: Corner Bakery (88), On The Border (136), Macaroni Grill (230 in 6 countries), Chili’s (1,070 in 24 countries), Rockfish Partnership (21), Big Bowl (8), Maggiano’s (33)

Brown Shoe Co. Inc.

8300 Maryland Ave.
St. Louis, MO 63105
Total stores: 1,296
Stores by subsidiary: Famous Footwear (927), Naturalizer (350 in U.S. and Canada), F.X. LaSalle (16, Canada only), Via Spiga (8)

Brookstone Inc.

One Innovation Way
Merrimack, NH 03054
Total stores: 293
Stores by subsidiary: Brookstone (288), Gardener’s Eden (5)

Build-A-Bear Workshop

1954 Innerbelt Business Center Dr. St. Louis, MO 63114
Total stores: 207
Stores by subsidiary: Build-A-Bear Workshop (202 in U.S., Australia, Canada, Denmark, France, Japan and South Korea), Friends 2B Made (5)

Burlington Coat Factory

1830 Rte. 130
Burlington, NJ 08016
Total stores: 373
Stores by subsidiary: Burlington Coat Factory (362), Luxury Linens (1), Baby Depot (3), Cohoes Fashions (7)

Caché

1440 Broadway
New York, NY 10018
Total stores: 291
Stores by subsidiary: Caché (254), Lillie Rubin (37)

Casual Male Retail Group Inc.

555 Turnpike St.
Canton, MA 02021
Total stores: 518
Stores by subsidiary: Casual Male Big & Tall (496), Rochester Big & Tall (22)

The Cato Corp.

8100 Denmark Rd.
Charlotte, NC 28273
Total stores: 1,196
Stores by subsidiary: Cato Fashions and Cato Plus (996), It’s Fashion! (200)

Charlotte Russe Holding

4645 Morena Blvd.
San Diego, CA 92117
Total stores: 388
Stores by subsidiary: Charlotte Russe (321), Rampage (67)

Charming Shoppes Inc.

450 Winks Ln.
Bensalem, PA 19020
Total stores: 2,239
Stores by subsidiary: Catherine’s (466), Lane Bryant (710), Fashion Bug (1,051)

The Cheesecake Factory

26950 Agoura Rd.
Calabasas, CA 91301
Total stores: 100
Stores by subsidiary: The Cheesecake Factory (95), Grand Lux Café (5)

Chico’s FAS Inc.

11215 Metro Pkwy.
Fort Myers, FL 33912
Total stores: 705
Stores by subsidiary: Chico’s (483), Chico’s Outlets(27), White House/Black Market (180), White House/Black Market Outlet (5), Soma By Chico’s (10)

Children’s Place Retail Stores

915 Secaucus Rd.
Secaucus, NJ 07094
Total stores: 1,068
Stores by subsidiary: Children’s Place (761), Disney Stores (307 in North America)

Christopher & Banks

2400 Xenium Ln. No.
Plymouth, MN Total stores: 634
Stores by subsidiary: Christopher & Banks (463), C.J. Banks (150), Acorn (21)

Circuit City Stores Inc.

9950 Mayland Dr.
Richmond, VA
Total stores: 1,617
Stores by subsidiary: Circuit City Superstores (612), Circuit City mall stores (5), InterTAN (1,000, Canada only)

Claire’s Stores

3 S.W. 129th Ave.
Pembroke Pines, FL 33027
Total stores: 3,458
Stores by subsidiary: Claire’s (2,990 in U.S., France, Switzerland, Austria, Germany, Japan and the Middle East), Icing by Claire’s (468)

Coach Inc.

516 W. 34th St.
New York, NY 10001
Total stores: 381
Stores by subsidiary: Coach (193), Coach Factory Stores (82), Coach Japan (106)

Coldwater Creek

1 Coldwater Creek Dr.
Sandpoint, ID 83864
Total stores: 119

The Container Store

500 Freeport Pkwy.
Coppell, TX 75019
Total stores: 35

Cost Plus Inc.

200 4th St.
Oakland, CA 94607
Total stores: 246

Costco Wholesale Corp.

999 Lake Dr.
Issaquah, WA 98027
Total stores: 457 (337 in U.S., 65 in Canada, 16 in the U.K., five in South Korea, four in Taiwan, five in Japan and 25 in Mexico)

CVS

One CVS Dr.
Woonsocket, RI 02895
Total stores: 5,360
Stores by subsidiary: CVS (3,740), Eckerd (1,260)

Darden Restaurants Inc.

5900 Lake Ellenor Dr.
Orlando, FL 32809
Total stores: 1,328
Stores by subsidiary: Bahama Breeze (32), Olive Garden (547), Seasons 52 (3), Red Lobster (680), Smokey Bones (83)

Delhaize America Inc.

2110 Executive Dr.
Salisbury, NC 28145
Total stores: 1,515
Stores by subsidiary: Bloom (5), Food Lion (1,222), Hannaford (142), Harveys (55), Kash ‘N’ Karry (104)

Dick’s Sporting Goods Inc.

RIDC Park West
Pittsburgh, PA 15275
Total stores: 234

Dillard’s Inc.

1600 Cantrell Rd.
Little Rock, AR 72201
Total stores: 330

Dress Barn

30 Dunnigan Dr.
Suffern, NY 10901
Total stores: 1,236
Stores by subsidiary: Dress Barn (779), Maurice’s (481)

Ethan Allen Interiors Inc.

Ethan Allen Drive
Danbury, CT 06813
Total stores: 311
Stores by subsidiary: Ethan Allen (309), Ethan Allen Kids (2)

Euromarket Designs Inc.

1250 Techny Blvd.
Northbrook, IL 60062
Total stores: 100
Stores by subsidiary: Crate & Barrel (79), Crate & Barrel Outlet (14), CB2 (2), Land of Nod (5)

Federated Department Stores

7 W. Seventh St.
Cincinnati, OH 45202
Total stores: 1,538
Stores by subsidiary: Bloomingdale’s (36), Macy’s (730), Lord & Taylor (7), David’s Bridal (243), After Hours Formal Wear (452), Priscilla of Boston (11), Marshall Field’s (59)

Foot Locker Inc.

112 W. 34th St.
New York, NY 10120
Total stores: 3,940
Stores by subsidiary: Foot Locker (1,403), Foot Locker International (718 in Australia, Canada and Europe), Lady Foot Locker (555), Kids Foot Locker (336), Champ Sports (566 in U.S. and Canada), Footaction (350)

Forever 21 Inc.

2001 S. Alameda St.
Los Angeles, CA 90058
Total stores: 394
Stores by subsidiary: Forever 21 (145 in U.S. and Canada), Fashion XXI (6), Gadzooks (243)

Fresh Brands Inc.

2215 Union Ave.
Sheboygan, WI 53081
Total stores: 103
Stores by subsidiary: Piggly Wiggly (95), Dick’s Supermarket (8)

Gap Inc.

2 Folsom St.
San Francisco, CA 94105
Total stores: 3,012
Stores by subsidiary: Gap (1,390 in U.S. and Canada), Gap International (281 in U.K., France and Japan), Old Navy (901 in Canada and U.S.), Banana Republic (907 in U.S. and Canada), Forth & Towne (5)

GameStop Corp.

2250 William Dr.
Grapevine, TX 94105
Total stores: 3,979
Stores by subsidiary: GameStop (1,908 in U.S.), Electronics Boutique/EB Games (2,071 in U.S., Europe, Australia and New Zealand)

General Nutrition Centers Inc.

300 Sixth Ave.
Pittsburgh, PA 15222
Total stores: 4,679
Stores by subsidiary: GNC (3,879 in U.S. and Canada), GNC International (800 in more than 35 countries)

Genesco Inc.

1415 Murfreesboro Rd.
Nashville, TN 37217
Total stores: 1,527
Stores by subsidiary: Journeys (660), Johnston & Murphy (108), Johnston & Murphy Outlets (35), Journeys Kidz (41), Underground Station Stores (166), Jarman (61), Hat World (568)

Gottschalks

7 River Park Pl. E.
Fresno, CA 93720
Total stores: 73
Stores by subsidiary: Gottschalks (64), Village East (11)

Great Atlantic & Pacific Tea Co. Inc.

2 Paragon Dr.
Montvale, NJ 07645
Total stores: 627
Stores by subsidiary: A&P (165 in U.S. and Canada), The Barn (9, Canada only), Dominion (52 in Canada only), Waldbaum’s (75), A&P Liquor (20), Super Fresh (75), Food Emporium (33), Food Basics (113 in U.S. and Canada), Sav-A-Center (28), Farmer Jack (80), Ultra Food & Drug (4, Canada only)

Gymboree Corp.

700 Airport Blvd., Ste. 200
Burlingame, CA 94010
Total stores: 639
Stores by subsidiary: Gymboree (580 in U.S. and Canada), Janie and Jack (55), Janeville (14)

Home Depot

2455 Paces Ferry Rd.
Atlanta, GA 30339
Total stores: 1,871
Stores by subsidiary: The Home Depot (1,839 in U.S., Canada and Mexico), Expo Design Center (34), Home Depot Supply (5), Home Depot Landscape (11), Home Depot Floor Store (2)

Hot Topic

18305 E. San Jose Ave.
City of Industry, CA 91748
Total stores: 554
Stores by subsidiary: Hot Topic (628), Torrid (100)

The J. Jill Group

4 Batterymarch Pk.
Quincy, MA 02169
Total stores: 150

Jack in the Box Inc.

9330 Balboa Ave.
San Diego, CA 92123
Total stores: 2,200
Stores by subsidiary: Jack In The Box (2,000), Qdoba Mexican Grill (200)

J.C. Penney Corp.

6501 Legacy Dr.
Plano, TX 75024
Total stores: 1,017

Kohl’s Corp.

N56 W17000 Ridgewood Dr.
Menomonee Falls, WI 53051
Total stores: 670

Kroger Co.

1014 Vine St.
Cincinnati, OH 45202
Total stores: 3,774
Stores by subsidiary: Supermarkets (2,532 under the banners of Kroger, Ralphs, King SoopersCity Market, Hilander, Dillons, Smith’s Food & Drug Stores, Gerbes, Fry’s Food, Payless, Baker’s Owen’s, QFC, Kessel, Cala Foods/Bell Markets, Jay C, Food 4 Less, Foods Co.), Convenience stores (802 under the banners of Kwik Shop, Loaf ’N Jug Minimart, Quik Stop Markets, Turkey Hill Mini Markets and Tom Thumb Food Stores), Jewelry stores (440 under the banners of Littman Jewelers, Barclay Jewelers, Fred Meyer Jewelers and Fox’s Jewelers)

Liz Claiborne

1441 Broadway
New York, NY 10018
Total stores: 1,052
Stores by subsidiary: Liz Claiborne Outlet (168 in U.S.), Dana Buchman (6), Lucky Brand Jeans (97), Juicy Couture (1), Ellen Tracy (5 in U.S., Bermuda, Spain and Portugal), Mexx (283 in more than 10 countries), Elisabeth (15), Sigrid Olsen (36)

Limited Brands Inc.

3 Limited Pkwy.
Columbus, OH 43216
Total stores: 4,036
Stores by subsidiary: The Limited (323), Victoria’s Secret (1,001), Bath & Body Works (1,569), The White Barn Candle Co. (100), Express (884), Henri Bendel (2)

Lowe’s Companies Inc.

1000 Lowe’s Blvd.
Mooresville, NC 28117
Total stores: 1,112

Luxottica Group

Via C. Cantù 2
20123 Milano, Italy
Total stores: 5,000
Stores by subsidiary: LensCrafters (877), Pearle Vision (2,178 in U.S. and Canada), Sunglass Hut (1,906), OPSM Group (600 in Pacific Rim countries), Xueliang Optical (149, China only)

Michael’s

8000 Brent Branch Dr.
Irving, TX 75063
Total stores: 1,021
Stores by subsidiary: Michaels (870 in U.S. and Canada), Aaron Brothers (165), Star Wholesale (4), Recollections (11)

Mother’s Work

456 N. Fifth St.
Philadelphia, PA 19123
Total stores: 845
Stores by subsidiary: Mimi Maternity (120), Motherhood Maternity (578), Motherhood Maternity Outlets (103), A Pea In The Pod (44)

Movie Gallery

900 W. Main St.
Dothan, AL 36301
Total stores: 4,700
Stores by subsidiary: Movie Gallery U.S. (4,430), Movie Gallery Canada (212 in Canada only), Movie Gallery Mexico (7 in Mexico only), VHQ Entertainment (61, Canada only)

The Musicland Group Inc.

10400 Yellow Circle Dr.
Minnetonka, MN 55343
Total stores: 916
Stores by subsidiary: Sam Goody (450), Suncoast Motion Picture Co. (400), Media Play (66)

Nash Finch Company

7600 France Ave. So.
Edina, MN 55435
Total stores: 85
Stores by subsidiary: Avanza (3), Econofoods (41), Family Thrift Center (6), Prairie Market (1), SunMart (31), Wholesale Food Outlet (3)

Neiman Marcus Group Inc.

1 Marcus Sq.
1618 Main St.
Dallas, TX 75201
Total stores: 52
Stores by subsidiary: Neiman Marcus (35), Bergdorf Goodman (2), Last Call Neiman Marcus Clearance Center (14)

Nike Inc.

One Bowerman Dr.
Beaverton, OR 97005
Total stores: 165
Stores by subsidiary: Niketown (12), Nike Factory Store (75), Cole Haan (50 in U.S. and Canada), Nike Women (7), Nike Stores (2)

Nordstrom

1617 Sixth Ave.
Seattle, WA 98101
Total stores: 180
Stores by subsidiary: Nordstrom (95), Nordstrom Rack (49), Nordstrom Shoe (1), Façonnable (37 in U.S. and Europe), Last Chance (2)

O’Charley’s Inc.

3038 Sidco Dr.
Nashville, TN 37204
Total stores: 334
Stores by subsidiary: O’Charley’s (226), Stoney River Legendary Steaks (6), Ninety Nine Restaurant & Pub (102)

Office Depot Inc.

2200 Old Germantown Rd.
Delray Beach, FL 33445
Total stores: 1,240
Stores by subsidiary: Office Depot (1,011 in U.S. and Canada), Office Depot International (229 in more than 20 countries)

OfficeMax Inc.

150 E. Pierce Rd.
Itasca, IL 60143
Total stores: 944

Pacific Sunwear of California Inc.

3450 E. Miraloma Ave.
Anaheim, CA 92806
Total stores: 990
Stores by subsidiary: Pacific Sunwear (780), d.e.m.o. (183), Pacific Sunwear Outlet (91)

Payless Shoe Source

3231 S.E. Sixth Ave.
Topeka, KA 66607
Total stores: 4,625 in U.S., Canada, Central America, Caribbean, Japan and South America

Polo Ralph Lauren Corp.

650 Madison Ave.
New York, NY 10022
Total stores: 263
Stores by subsidiary: Polo Ralph Lauren (55 in U.S., Asia, Europe and the Middle East), Club Monaco (61 in U.S. and Canada), Polo Outlets (118 in U.S., Asia, Europe and the Middle East), Polo Jeans Co. (22), Club Monaco Outlets (7 in U.S. and Canada), Rugby (4)

Publix Supermarkets Inc.

3300 Publix Corporate Pkwy.
Lakeland, FL 33811
Total stores: 858

Raley’s

500 W. Capitol Ave.
Sacramento, CA 95605
Total stores: 134
Stores by subsidiary: Raley’s (89), Bel Air Markets (21), Nob Hill Foods (25), Food Source (7)

Retail Brand Alliance

100 Phoenix Ave.
Enfield, CT 06082
Total stores: 330
Stores by subsidiary: Brooks Brothers (280 in U.S., Japan, Hong Kong, Italy and Japan), Adrienne Vittadini (30), Carolee Designs (20)

Retail Ventures Inc.

3241 Westerville Rd.
Columbus, OH 43224
Total stores: 325
Stores by subsidiary: Value City (114), DSW Shoe Warehouse (185), Filene’s Basement (26)

Ross Stores Inc.

4440 Rosewood Dr., Bldg. 4
Pleasanton, CA 94588
Total stores: 673
Stores by subsidiary: Ross Dress For Less (663), dd’s Discounts (10)

Safeway Inc.

5918 Stoneridge Mall Rd.
Pleasanton, CA 94588
Total stores: 1,801
Stores by subsidiary: Safeway (1,070 in U.S. and Canada), Genuardi’s (177), Dominick’s (101), Randalls/Tom Thumb (138), Vons (315)

Saks Inc.

12 E. 49th St.
New York, NY 10017
Total stores: 311
Stores by subsidiary: Saks Fifth Avenue (56), Off 5th (50), Parisian (41), Younkers (47), Herberger’s (41), Carson Pirie Scott (30), Bergner’s (14), Boston Store (10), Club Libby Lu (49)

Sears Holding Corp.

3333 Beverly Rd.
Hoffman Estates, IL 60179
Total stores: 3,800
Stores by subsidiary: Full-line stores (879 in U.S. under the Sears, Sears Grand and Sears Essentials banners), Specialty stores (1,161 in U.S. under the Dealer Stores, The Great Indoors, Land’s End, Orchard Supply Hardware banners), Kmart (1,479 in U.S.), Sears Canada (340 in Canada only)

Sports Authority Inc.

1050 W. Hampden Ave.
Englewood, CO 33319
Total stores: 444
Stores by subsidiary: Sports Authority, Oshman’s, Sportmart, Gart’s

Staples Inc.

500 Staples Dr.
Framingham, MA 01702
Total stores: 1,890
Stores by subsidiary: Staples (1,251 in U.S. and Canada), The Office Superstore, Staples Express (4), Business Depot (191, Canada only), Staples Der Büro-Megamarkt (55, Germany only), Office Centre (46 in Belgium and the Netherlands), Staples Office Centre (15, Portugal only), Staples U.K. (137)

SteinMart Inc.

200 Riverplace Blvd.
Jacksonville, FL 32207
Total stores: 259

Talbots Inc.

1 Talbots Dr.
Hingham, MA 02043
Total stores: 886
Stores by subsidiary: Talbots (433 in U.S., Canada and U.K.), Talbots Kids (71), Talbots Men (12), Talbots Outlet (24)

Target Corp.

1000 Nicollet Mall
Minneapolis, MN 55403
Total stores: 1,313
Stores by subsidiary: Target (1,189), SuperTarget (141)

Tiffany & Co.

727 Fifth Ave.
New York, NY 10022
Total stores: 153
Stores by subsidiary: Tiffany & Co. (130), Temple St. Clair (2), Little Switzerland (17), Iridesse (2)

TJX Cos.

770 Cochituate Rd.
Framingham, MA 01701
Total stores: 2,006
Stores by subsidiary: T.J. Maxx (771), Marshalls (697), Homegoods (216), Winners (168 Canada only), Homesense (40 Canada only), T.K. Maxx (170 in U.K.), A.J. Wright (130), Bob’s Stores (32)

Too Inc.

8323 Walton Pkwy.
New Albany, OH 43054
Total stores: 605
Stores by subsidiary: Limited Too (560), Justice (45)

Toys ‘R’ Us

One Jeffrey Way
Wayne, NJ 07470
Total stores: 1,288
Stores by subsidiary: Toys ‘R’ Us (1,073 in U.S. and more than 10 other countries), Babies ‘R’ Us (215)

Urban Outfitters Inc.

1809 Walnut St.
Philadelphia, PA 19103
Total stores: 142
Stores by subsidiary: Urban Outfitters (80 in U.S., Canada and Europe), Anthropologie (60), Free People (2)

Wal-Mart Stores

702 S.W. Eighth St.
Bentonville, AR 72716
Total stores: 5,314
Stores by subsidiary: Neighborhood Markets (85), Wal-Mart Stores (1,353), Wal-Mart Supercenters (1,713), Sam’s Club (551), Wal-Mart International (1,587 in more than 10 countries)

Wegmans Food Markets

1500 Brooks Ave.
Rochester, NY 14603
Total stores: 68

Wet Seal Inc.

26972 Burbank
Foothill Ranch, CA 92610
Total stores: 399
Stores by subsidiary: Wet Seal (305), Arden B. (90)

Whitehall Jewellers Inc.

155 N. Wacker Dr., Ste. 500
Chicago, Il 60606
Total stores: 384
Stores by subsidiary: Whitehall Co. Jewellers (327), Lundstrom Jewelers (55), Marks Bros. Jewelers (2)

Whole Foods Markets Inc.

550 Bowie St.
Austin, TX 78703
Total stores: 170

Wild Oats Markets Inc.

3375 Mitchell Ln.
Boulder, CO 80301
Total stores: 111
Stores by subsidiary: Wild Oats Natural Marketplace (88), Henry’s Farmers Market (16), Sun Harvest (4), Capers Community Markets (3)

Williams-Sonoma

3250 Van Ness Ave.
San Francisco, CA 94109
Total stores: 550
Stores by subsidiary: Pottery Barn (183), Pottery Barn Kids (87), Williams-Sonoma (254), Hold Everything (9), West Elm (4), Williams-Sonoma Outlet (15)

Z Gallerie Inc.

1855 W. 139th St.
Gardena, CA 90249
Total stores: 58

Zale Corp.

901 W. Walnut Hill Ln.
Dallas, TX 75038
Total stores: 2,440
Stores by subsidiary: Zales (750), Peoples (170 in Canada), Piercing Pagoda (965), Gordon’s (285), Bailey Banks & Biddle (110), Zales Outlet (105), Mappins (160)

Children’s Place acquires Disney retail chain


In October, The Children’s Place acquired 298 U.S. stores and 15 Canadian ones from The Disney Stores division of The Walt Disney Co. The apparel retailer also says it may push that store count to 600 in the coming years.

Disney will continue to operate and own its flagship in Manhattan as well as several stores inside Disney theme parks under a new banner, Worlds of Disney.

The transaction involved no up-front costs for Children’s Place. Instead, the retailer paid Disney a “working capital adjustment” based on the value of the stores’ inventory and some other factors. Starting in November 2006, Children’s Place will begin paying Disney royalties on the stores’ sales.

The parties have structured the deal as a 15-year agreement that could be extended to 45 years.

“The Children’s Place has the choice to decide not to renew, but must meet certain predetermined milestones in order to do so,” said Todd Mitchell, an analyst at Blaylock & Partners.

Children’s Place says it is committed to investing as much as $100 million to remodel and operate the stores. Further, the retailer says it plans to open Disney outlet stores and establish an online presence separate from Disney’s Web site.

In a press release, Children’s Place CEO Ezra Dabah pointed out similarities between the two chains, including store size, customer base and a regional mall-based real estate strategy.

“By leveraging the strong Disney brand name with Children’s Place’s expertise in sourcing and retailing, there is an opportunity to grow beyond the number of stores Disney currently operates in North America,” said Margaret Whitfield, an analyst at Ryan Beck & Co.

Mario Ciampi, senior vice president of store development and logistics at Children’s Place, will be appointed president of Disney Store North America.

The Children’s Place, based in Secaucus, N.J., currently operates 671 stores in the United States, 48 in Canada and two in Puerto Rico.



Ahold sells Bi-Lo, Bruno’s for $660 million


In December last year, Netherlands-based grocery conglomerate Ahold sold two of its U.S. subsidiaries, Bi-Lo and Bruno’s, to Dallas-based private investor Lone Star Fund for $660 million in cash. Combined, the two chains operate 450 supermarkets, which posted a total of some $5.4 billion in net sales for 2003.

Lone Star, which manages more than $13 billion in assets and investments, has earned a reputation as one of the highest-yield investment funds in the U.S.

Bi-Lo and Bruno’s retain their separate names, and Dean Cohagan, president and CEO of Bi-Lo, continues to lead both. The chains retain all their debt obligations and other liabilities, including capitalized lease obligations.

The Dutch company acquired Mauldin, S.C.-based Bi-Lo, which operates 287 stores in the Carolinas, Georgia and Tennessee, in 1977. Ahold bought Birmingham, Ala.-based Bruno’s for $500 million in 2001. Bruno’s operates 168 stores in Alabama, Florida, Georgia and Mississippi.

In a press release, Ahold President and CEO Anders Moberg said the company sold the chains to reduce debt and will now focus its U.S. business on the Giant and Stop & Shop supermarket banners.

Also in December, Ahold combined the real estate operations of its Stop & Shop and Giant chains and hired Burlington, Mass.-based Finard & Co. to manage its 20 shopping centers in Washington, D.C. Ahold is reportedly seeking a buyer for its U.S. chain of Tops convenience stores as well.



Movie Gallery buys Hollywood for $1.2 billion


In January Movie Gallery announced plans to purchase Hollywood Entertainment Corp. for $1.2 billion, including $350 million in assumed debt.

The new entity is the second-largest North American video rental company, with $2.5 billion in annual revenue and 4,500 stores in the United States, Canada and Mexico. Hollywood is a subsidiary of Movie Gallery and will continue to operate under the Hollywood banner out of Wilsonville, Ore. Joe Malugun, Movie Gallery’s chairman, president and CEO, serves as chief executive of the combined company.

Malugun said in a press release that few of the two companies’ stores overlap and the merger will bring a broader geographic presence and improved distribution capabilities.

Movie Gallery beat out two rivals for the chain. Movie rental monolith Blockbuster offered shareholders about $1 billion for Hollywood, and buyout firm Leonard Green & Partners put in a bid of about $619.7 million for the company.

Dothan, Ala.-based Movie Gallery, which operates 2,475 stores, has purchased more than 200 companies in the past 10 years. Movie Gallery’s board of directors has approved the Hollywood buy, but the deal is still awaiting green lights from government regulators and Hollywood’s board of directors.

Hollywood Entertainment operates about 1,920 Hollywood Video stores and 600 GameCrazy stores in the United States. Blockbuster operates about 9,000 stores worldwide.



Singapore investors buy 293-store Brookstone chain for $435 million


In April gadget retailer Brookstone agreed to be acquired by a Singapore-based consortium for about $435 million. The investment group is led by OSIM International and also includes JW Childs Associates and Temasek Holdings.

Brookstone, based in Merrimack, N.H., operates 288 branded stores in the U.S. and Puerto Rico, five Gardeners Eden stores and a catalog business. It reported a profit of $21.4 million last year on sales of $499 million.

“This transaction offers great value to our stockholders and tremendous opportunity for our company going forward,” said Michael Anthony, chairman, president and CEO of Brookstone, in a news release. “OSIM will be a strategic partner with product development capabilities extremely complementary to those of Brookstone’s, in addition to an international store infrastructure, primarily in Asia, that will help expand the Brookstone brand globally. JW Childs and Temasek are leading investment firms that have a long-term view toward growing the businesses in which they invest and have an excellent track record of working in partnership with management to build great companies.”



Neiman Marcus sells for $5.1 billion


In May, The Neiman Marcus Group agreed to sell the company for $5.1 billion to Texas Pacific Group and Warburg Pincus.

For their money, the buyers got one of the most prestigious names in the U.S. retail industry. The company operates 35 Neiman Marcus stores countrywide and two Bergdorf Goodman stores in New York City as well as 14 Last Call clearance centers, for a combined total of about 5 million square feet of retailing space. Neiman Marcus Direct, the company’s direct-to-consumer business, operates print catalog and online retail under the Neiman Marcus, Bergdorf Goodman and Horchow brand names.

Under the Neiman Marcus banner, Neiman Marcus Direct primarily offers women’s apparel, accessories and home furnishings. Horchow sells home furnishings, linens, decorative accessories and tabletop items. The company also owns majority interests in two designer resources: Kate Spade, a manufacturer of accessories, and Gurwitch Products, which manufactures Laura Mercier cosmetics.

“We are very pleased with the results of our strategic review,” said Richard A. Smith, Neiman Marcus Group chairman, in a news release. “This transaction provides outstanding shareholder value and represents an endorsement of the excellent performance of our entire team.” Each investor will hold an equal stake.



Federated to unload 68 stores next year


Federated Department Stores announced plans to sell about 68 stores in 66 malls next year to minimize overlaps between its own stores and those of May Department Stores Co., which Federated recently acquired. Included are 41 current May stores operating in 12 states under various nameplates, as well as 27 Federated stores operating in 14 states as Macy’s.

Most of the department stores to be closed and sold are in California, Ohio and Pennsylvania, Federated says.

In addition, Federated says it will convert a further 330 May stores to the Macy’s brand, bringing the total number of Macy’s stores to 730. The brands that will become Macy’s include such regional fixtures as Famous-Barr, Filene’s, Foley’s, Hecht’s, Kauffmann’s and Robinsons-May. Lord & Taylor will not convert, and the jury is still out on the fate of Marshall Field’s, Federated says.

Federated says the number of divestitures is consistent with its original expectations and that it will continue to study the May portfolio. Some plans may change as conversion dates approach, the company says. A small number of stores are under consideration for conversion to the Bloomingdale’s nameplate.

The current plan is to operate all May stores under their existing nameplates at least through the holiday season. The divestiture of duplicate May and Macy’s stores will begin next year. They will be offered for sale to landlords, developers and interested third parties. Federated says it intends to comply with existing lease and operating agreements, and the divestiture of certain stores will be subject to the satisfactory completion of negotiations with various third parties.



Saks Inc. sells McRae’s, Proffitt’s to Belk


In May, Saks Inc. sold its McRae’s and Proffitt’s divisions to rival Belk for $622 million. The company also said it is still seeking buyers for its 143-store northern department stores division and the Club Libby Lu specialty chain. The Birmingham, Ala.-based department store conglomerate will keep its Saks Fifth Avenue Enterprises and Parisian divisions.

The Belk deal included 47 stores in 11 Southeast states that generated revenues of about $700 million last year. Belk assumed the operating leases on leased stores.

Saks kept five McRae’s units in Alabama, including the Riverchase Galleria store in Birmingham, and plans to convert two to the Parisian banner. Saks CEO Brad Martin said the company has big growth plans for the 38-store Parisian division, including such new markets as Memphis, Tenn., and Arkansas.

Saks’ northern department stores division, up for sale as one unit, includes regional nameplates Bergner’s, Boston Store, Carson Pirie Scott, Herberger’s and Younkers. The Club Libby Lu business, which will sell as a separate unit, includes 43 freestanding stores and 23 in-store boutiques.



Toys ‘R’ Us sold to partnership for $6.6 billion


In March 2005, Toys ‘R’ Us agreed to be bought for $6.6 billion by an investment group headed by Kohlberg Kravis Roberts & Co.

“We are pleased to announce this transaction, which brings our strategic review to a very successful conclusion,” said John Eyler, chairman and CEO of Toys ‘R’ Us, in a news release. “There was competition among bidders during the review process, and the acquisition price reflects the compelling value of the global Toys ‘R’ Us and Babies ‘R’ Us operations and assets.”

Buyout specialist Kohlberg Kravis Roberts and partners Bain Capital and Vornado Realty Trust beat out a rival investment group headed by Cerberus Capital Management.

The Wayne, N.J.-based chain, whose sales have declined in recent years in the face of competition from discount stores, has 685 stores in the U.S. and 603 overseas. Babies ‘R’ Us brought in three-quarters of the company’s total operating income in the past fiscal year. The company posted $11.6 billion in sales last year.



Circuit City opts for stock repurchase; rejects $3.25 billion takeover offer


In March, Circuit City Stores refused a hedge fund’s $3.25 billion bid to take the company private, choosing instead to go it alone. “We are committed to continuing to unlock shareholder value in Circuit City,” said W. Alan McCollough, Circuit City’s chairman and CEO, in a press release.

Boston-based Highfields Capital Management made the cash bid on Feb. 11. “We are convinced that as a private company, Circuit City will be able to effect change more rapidly with fewer constraints,” Highfields wrote in a public letter to the retailer’s board. The Circuit City board chose instead to authorize a $400 million stock repurchase.

Circuit City has been unprofitable for three straight quarters. Losses for the third quarter totaled $5.9 million. The company has been battling Best Buy, which controls 13 percent of the $100 billion U.S. consumer electronics market. Circuit City holds about 7 percent and blames the shortfall on the fact that its stores are in secondary locations.



Forever 21 keeps Gadzooks name alive


Gadzooks is keeping its name after selling its assets to Forever 21, but as many as 93 of its stores could be closed, a senior executive of Forever 21 told SCT. “Some of the stores may go back to landlords,” said Larry Meyer, a Forever 21 senior vice president. “We are evaluating which stores are profitable, but no final decisions have been made.”

Teen-clothing retailer Gadzooks announced in February that it would sell its 243 stores and other assets to Forever 21 for about $33 million.

“We are confident that our fashion abilities combined with the Gadzooks strong retail presence will be a winning combination,” Meyer said.

Dallas-based Gadzooks, which operates stores in 40 states, is a specialty retailer of casual clothing, accessories and shoes for females between 16 and 22.

Forever 21 runs about 200 stores nationwide and is a specialty retailer of apparel and accessories for fashion-oriented women.

Last year Gadzooks lost about $62 million, suffering a 3.7 percent sales drop in December alone. In January Gadzooks said it had defaulted for the second month straight on a $30 million debtor-in-possession loan from Wells Fargo Retail Finance.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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