Bob Andelman
Bio
Hotbot
Search
"By Bob Andelman"
Northern
Light Search
"By
Bob Andelman"
Guru.com
Hiring Information
for Bob Andelman
Order
Books
By Bob Andelman
ARTICLES
Latest
Work
Profiles
Retail
First Person
Murder, I Wrote
Real Estate
Tampa Bay
Meetings
Radio
Business
Sports
BOOKS
Reviews
The Corporate Athlete
(Hardcover)
The Corporate
Athlete
(Audiotape)
The Profit Zone
Built From Scratch
Mean Business
(Paperback)
Mean Business
(Hardcover)
Mean Business
(Audiotape)
Bankers as Brokers
Stadium For Rent
(Paperback)
Stadium For Rent
(Online)
Why Men Watch
Football
Big
Black Spider With
the
Orange Orange Eyes
(A Story for Kids!)
Mr. Media Archives
The
Latest
1998
1997
1996
1995
1994
The Andelmans
Bob
Mimi
Rachel
Write To Us!
Bob
Mimi
Rachel
(Since Oct. 7, 1999)
|
|
Bob Andelman Articles
Archive
What Retailers Really
Want
By Bob Andelman
(Originally published
in Florida Retail Centers, 1994)
AMC Theaters
Southeast Division
29399 U.S. 19 N
Clearwater, Florida
34621
813-789-2911
AMC is going urban in a big way throughout Florida, with new
complexes underway in downtown St. Petersburg to downtown Fort
Lauderdale and Naples, and expansions in Brandon (Regency Square),
Coconut Grove (CocoWalk) and Coral Gables (The Bakery Centre).
"Our business plan is dramatically different than it ever
was," says Frank Stryjewski, vice president of Southeast
operations. "We used to chase the rooftops and go into attractive
neighborhoods. But the business has changed."
Today, the smallest theater complex AMC will build, 50,000 square
feet, has a minimum of 14 screens. It prefers sites which can
handle its mega-movie concept, 83,000 square feet and 24 screens.
"We're going to actively finish Southwest Florida,"
Stryjewski says. "On the East Coast, we're strong up to
Boca. What we need to do is finish off Boca to Daytona."
Family Dollar
Stores
10401 Old Monroe
Road
Matthews, North
Carolina 28105
Florida East Coast
Real Estate: 404-497-1592
Florida West Coast
Real Estate: 704-342-3763
Florida Panhandle
Real Estate: 706-375-7538
If there's an attractive retail opportunity available in Florida,
whether new construction or existing space, Family Dollar Stores
wants a look at it. "We'll take as many good sites as we
can find," says Geoff Smith, regional real estate manager
for the East Coast of Florida and Georgia. "There's no specific
goal and no limit within reason." The company has 2,300
stores nationwide and 123 in Florida alone, primarily in low-
to middle-income areas. Smith, who characterizes the company's
growth plans as "aggressive," says that he is looking
for sites in Orlando, Palm Beach, Broward and Dade. (Bill Miller
is responsible for the West Coast; Tom Hall, the Panhandle.)
Ideal size is 7,000 square feet, either free-standing with 35
parking spaces or in a strip center.
Homelife Furniture
Stores
3333 Beverly Road
Hoffman Estates,
Illinois 60179
708-286-2500
Florida is the biggest market for Sears, Roebuck's Homelife Furniture
Stores and the company plans to keep it that way by opening two
new stores this fall (Cutler Ridge and Naples) and another early
next year (Daytona). Of the chain's 100 stores, 17 are in Florida.
Approximately half the Homelife stores are in freestanding or
strip center locations apart from Sears stores and this is the
direction the chain will take in the future. According to public
affairs manager Bob McHenry, new stores will average about 30,000
square feet. Details are sketchy about how expansion further
will impact Florida in 1995, but as McHenry notes, "we have
aggressive plans." (Barry Kaufman is division vice president
of real estate.)
Natural Wonders
30031 Ahern Avenue
Union City, California
94587
510-429-9900
Natural Wonders plans to open 20 new stores in 1994, boosting
its chain to 143 units. At least two of those stores (average
size: 2,400 square feet) have opened in Florida, in Pembroke
Lakes and Tyrone Square, but a spokesperson couldn't say whether
more stores were on the company's list for '94, and no list for
'95 has been released. The mall-based specialty retailer of nature,
science and environmental merchandise has its highest concentration
in California 28 stores with just seven in Florida.
Neiman-Marcus
Group
Contempo Casuals
27 Boylston Street
Chestnut Hill,
Massachusetts 02167
617-232-0760
The good news is that Neiman-Marcus will grow by at least four
locations in the next three years. The bad news is that none
of the locations Short Hills, N.J. (1995), King of Prussia, Pa.
(1996), Paramus, N.J. (1996) and Ala Moana, Hawaii (TBA) is in
Florida. But corporate relations director Joanne Parker says
things could change. "We're still looking," she says
of the 27-store, high-end specialty chain. "But you need
a certain demographic population to support a store of our size
(130,000-140,000 square feet). We're not interested in building
smaller stores. You need a higher population within certain income
ranges. Beyond that, we look at what other competitors are in
the area and where else we have stores. The usual." The
possible advantage for salivating developers in Southwest and
Central Florida may be that Neiman-Marcus does have two stores
already in Florida, in Bal Harbour and Fort Lauderdale.
Meanwhile, Contempo Casuals, a member of the Neiman-Marcus Group
(which also includes Bergdorf-Goodman), is retrenching. "We're
in the process of closing up to 50 of the 290 stores," Parker
says. As of July 1993 there were 29 Contempo Casuals in Florida;
Parker could not confirm which if any might close here. The junior
women's apparel chain caters to 18- to 25-year-olds with "fashion-forward,"
trendy designs.
Office Depot
2200 Old Germantown
Road
Delray Beach, Florida
33445
407-278-4800
"We are going to open 70 new stores this year; 20 are already
open," says Gary Schweikhart, director of public relations
for Office Depot. "I would not be surprised to see more
in Florida." The company currently operates 57 stores in
the Sunshine State, averaging 25,000-30,000 square feet. "We're
in all the major markets; now we're hitting all the smaller markets,"
Schweikhart says. Stores are primarily found in strip malls and
stand-alone situation; Office Depot looks for high-traffic locations
close to small businesses. The opening of a second Florida delivery
center, in Orlando, is intended to serve stores in North Florida
and might indicate further expansion in the top half of the state.
(John Grode is vice president of real estate.)
Spiegel
3500 Lacey Road
Downers Grove,
Illinois 60515
708-986-8800
Spiegel, one of the most recognizable names in catalog shopping
plans to increase its visibility in outlet malls. "Our strategy
is to go into manufacturers' outlet malls and develop 30,000-square-foot
stores," says media relations manager Ann Morris. "We
have 10 stores right now. We're opening four stores this fall
and we'll open more next year." Although the company has
been quite happy with its Sawgrass Mills store in South Florida,
Spiegel plans to move away from behemoth Mills stores and into
outlets in the immediate future. The outlet stores are being
viewed less and less as liquidation operations than retail operations
offering brand merchandise (men's, women's and children's clothes;
bed & bath) at reduced prices. (Terry Pieniazek is Spiegel's
real estate manager.)
Toys 'R' Us
Kids 'R' Us
461 From Road
Paramus, N.J. 07652
201-262-7800
A new Florida warehouse now under construction should over a
clue that there are more Toys 'R' Us and Kids 'R' Us in the pipeline
for Florida. "We will probably add four-plus Toys stores
in Florida in '94-'95," says Michael P. Miller, senior vice
president of real estate. The company is also playing catch-up,
trying to match its newer Kids (15,000 square feet) with existing
Toys (30,000-45,000 square feet) stores. There are currently
35 Toys 'R' Us store in Florida.
Winn-Dixie Stores
P.O. Box B
Jacksonville, Florida
32203-0297
"Everybody serving our type of business knows what we're
about," says Winn-Dixie spokesman Mickey Clerc, but he's
still willing to fill in late arrivals. "We've got 450 stores
in the state. We're in a constant state of closing, opening and
enlarging stores. We're currently opening stores in the 35,000-50,000-square-foot
range."
Winn-Dixie is strictly serviced by shopping center developers;
it does not develop its own real estate. Real estate managers
in each of five offices Tampa, Pompano Beach, Orlando, Jacksonville
(division, not corporate) and Montgomery, Alabama (for the North
Gulf Coast) are responsible for considering deals in their regions.
Inquiries should not be directed to corporate headquarters.
Although Winn-Dixie already blankets the state, its upgrade and
"Marketplace" stores do create some opportunities.
"We're not in every location we'd like to be in,"
Clerc hints. But developers have to make the numbers work for
a lease operation. "We're not interested unless it's a prime
supermarket location."
end
©2000, All rights reserved. No portion
may be reproduced without the express written permission of the
author.
Free Andelmania E-Newsletter!
Want to hear the latest about the Andelmans? Join
our mailing list!
You'll get updates about the family and professional news, too.
Enter your email address below, then click the 'Join List' button:
|