Belk to build store on Kernan. What about Regency?

[simms3]

Wal Mart is not on a hiatus for new store openings in Florida.  They are actually about to start on two new Supercenters in Jax and will be opening another 4 Neighborhoods by end of Q2 as well. 

Lowe's reps, Target reps, Wal-Mart reps, and other big box reps did not attend this year's recent FL ICSC.  Store openings this year and next are a result of a pipeline stretching a long ways back.  Existing store sales are flat in many FL markets/sub-markets and there is still some pipeline coming online in the next 6-18 months, which everyone is keenly aware of.  I waste so much of my time paying too much attention to too many markets not relevant to my own (or my own line of work since I don't work on suburban retail), Ha.

Neighborhood Markets are a different topic since that is grocery.  Of course that would be in expansion mode to gain market share in a Publix-dominated/hubbed state.

Like I said, though, can't completely accurately speak to FL market or to department stores.  Nordstrom is the single department store that has notably been in very aggressive expansion mode in the past 8 years (Jax got one ), especially with their Rack concept (Jax got one ), wouldn't be surprised if another came).

I can't imagine Belk keeping Regency (which is an ancient store concept for them and a liability) and this new store, which is their current store concept and an obvious asset.

[thelakelander]

Been dropping hints for awhile. And there is more coming online.

Another big development is coming next door as well.

Wal Mart is not on a hiatus for new store openings in Florida.  They are actually about to start on two new Supercenters in Jax and will be opening another 4 Neighborhoods by end of Q2 as well. 

So glad we found a way to reduce that mobility fee! Through policy, we've robbed Peter to pay Paul.  In the end, I wonder if any new jobs will be created or if we're just shifting the location of existing jobs?

[JayBird]

Being that GCC has it marketed for sale, isn't this just a company responding to the fact that they have a lease that may not be renewed and are taking advantage to move into a more financially stable position? I mean, common sense tells me if a new buyer keeps it as a retail mall, there will still be a few years worth of construction and remodeling that may hamper sales, not to mention new management would mean new lease terms. I don't find anything shocking or surprising about this news. It has been my opinion that this was eventually going to happen, the mall lives out its life, then redeveloped into something else. In all honesty, surprised some of the stores have held out this long.

[vicupstate]

http://www.charlotteobserver.com/news/business/article17214833.html#/tabPane=tabs-b0710947-1-1

Belk department stores are potentially for sale.