Tag Archives: retail

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The grim list of closing women’s fashion retailers

By Justine Griffin for the Herald-Tribune

Is it just a strange coincidence we are seeing so many women’s retail brands going under one right after another in 2015?

It started with Wet Seal, a discount apparel brand I remember well from my high school days, which filed for bankruptcy in January.

It shuttered its Sarasota Square Mall store on Jan 5. Next came Delia’s, a fashion apparel chain for girls and teens, which liquidated its Sarasota Square store (and all others) in January when the brand filed for Chapter 11 bankruptcy protection.Fresh Produce, a Colorado-based apparel chain with a store on St. Armands Circle, filed for Chapter 11 bankruptcy protection this month. The Sarasota store is still open, though its future is uncertain.

The retailer, which sells tropical and vibrant every-day wear and sportswear for women, listed several outstanding debts, including a $3.9 million loan with Wells Fargo and an “unknown” debt for commercial rent to a Sarasota-based company, Great Lakes Developments.

Fresh Produce celebrated its 30th anniversary last year.

The most recent casualty was Cache, known for its evening gowns popular at high school proms, which is closing all of its more than 200 stores nationwide, including its store in the Mall at University Town Center, which opened in October. The company filed for Chapter 11 bankruptcy protection this month.

The growing line of failing women’s apparel chains paints a dreary picture for the brick-and-mortar retail industry. More people are shopping online, where the competition for consumers’ loyalty is fierce.

Read more here.

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The shopping mall is dying? Not in Florida

By Justine Griffin for the Herald-Tribune

american dream

When it opened in Sarasota County in October, the Mall at University Town Center was unique not just in Florida but nationally: the only enclosed mall to debut in the United States during 2014.

But with the economy rebounding strongly from the Great Recession — and even in the face of rapidly growing competition from the Internet challenging traditional malls — at least some players are thinking there are still opportunities to be had in that retail arena.

Some are thinking big in Florida — very big.

Triple Five, the international developer behind the Mall of America, has unveiled what it hopes will become a $4 billion mega center and amusement park in Miami.

The aptly named “American Dream” would be a 200-acre shopping center with attached carnival rides that would blend two of the state’s strongest economic sectors: retail and tourism along the Florida Turnpike and Interstate 75 near Miami Lakes.

The mall — purportedly to feature sea lions, submarines and a ski slope — would be larger than the Mall of America in Bloomington, Minnesota, which is 4.2 million square feet with 520 stores and 50 restaurants.

American Dream could continue the Sunshine State’s run of proposing and building enclosed shopping centers at a time when malls and retailers are shuttering their stores in them faster than ever across the country.

Read more here.

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Nordstrom could save Southgate Mall, but opening is unlikely

By Justine Griffin for the Herald-Tribune

SARASOTA – It’s a rumor that began as an offhand comment from one retail developer to another.

But it took on a life of its own from there.

The possibility of Nordstrom, the Seattle-based, high-end department store chain, coming to Sarasota County was too good to keep quiet for too long.

But it’s not exactly the story one would expect.

Nordstrom, along with its luxury competitor, Neiman Marcus, were slated to anchor the Mall at University Town Center when plans for the $315 million mall were still in its infancy six years ago. But both brands abandoned those notions during the Great Recession as their interest in expanding into the Sarasota market fizzled out.

Southwest Florida residents would continue to drive to Tampa’s International Plaza to the north, or Naples’ Waterside Shops to the south for Nordstrom’s one-of-a-kind customer experience, as they’ve always done.

But now, people are talking about Nordstrom opening a department store in Westfield Group’s Southgate Mall. Nordstrom would reportedly take over the 97,000-square-foot anchor shell left vacant by Dillard’s, which departed Southgate late last year after opening a new two-story store in the Mall at University Town Center.

Read more here.

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Is Kroger coming to Florida?

Column by Justine Griffin for the Herald-Tribune

Word on the street is that Midwest grocer chain Kroger Co. may be making its way into Florida soon.

The Cincinnati-based chain has been growing rapidly over the years, including a 2013 acquisition of another chain, Harris Teeter Supermarkets Inc., and executives said this week that the company has a vested interest in expanding into a new market, though they weren’t specific about which.

One version of the theory has Kroger buying Bi-Lo/Winn-Dixie, the grocery chains held by Jacksonville-based Southeastern Grocers LLC since September 2013.

Florida makes sense for a Kroger expansion in a lot of ways, according to some retail analysts.

In 2014, the Sunshine State surpassed New York as the third-largest state by population. Florida is a top tourism destination, too, for part-time residents who are loyal to the chains they know from the Midwest, Northeast and elsewhere. Florida also is home to educated and savvy consumers who cross-shop now more than ever, said Jeff Green, retail analyst who’s familiar with the Southwest Florida market.

Read more here. 

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What’s in store when Bealls stores turn 100?

By Justine Griffin for the Herald-Tribune

*Picked up by the AP Wire

One hundred years ago, a man named Robert M. Beall opened a little establishment on Old Main Street in downtown “Bradentown.”

That small general store, which debuted in April 1915, would be the first of hundreds to open across the country under the name of that young entrepreneur.

Bealls, a retail company known for selling apparel and home goods in department and outlet stores in Florida and across the country, is celebrating its 100th year in business this year.

Staying in business for a century — and continuing to grow — has been no small feat. But the Bradenton-based retailer has managed to reinvent itself through the years without sacrificing its core image.

“Bealls really has an understanding of the marketplace and a good idea of what the consumer wants,” said Rick McAllister, CEO of the trade group the Florida Retail Federation, in which Bealls has been an active member since the 1950s. “They listen to their customers and know what Floridians are interested in, which has served them well over the years.”

Today, Bealls sells apparel and shoes for everyone in the family — along with home goods and small appliances — in more than 500 department stores and outlet stores in Florida and the southern U.S. The company’s headquarters is still in Bradenton, where that first store opened in 1915.

Read more here. 

Sidebar: Bealls president wants workers to feel ownership, by Justine Griffin.

Follow up: At Bealls Outlet, he’s the king of a good deal, by Justine Griffin