Andrea Marks (she/her/hers)’s Post

Another example of an agile and adaptive organization led by strong executive leadership and an excellent HR team. Being able to change an established profitable organization to a digitally-supported location/eCommerce organization is a great example of listening to and responding to changing market and customer requirements. A lesson to other companies and leaders who struggle with change and adaptability. Being customer-centric or employee-centric is not mutually exclusive.

Hunter Hart, Senior Vice President, Walmart Realty, Announces Walmart's $9 Billion Makeover: "In all my time at Walmart, the pace of change has never been faster – driving innovation and expecting evolution. This week is a great example, as we celebrate the re-grand opening of 117 remodeled stores across the country, an investment of more than half a billion dollars in 30 states. For us, this is a huge deal. It’s the largest single-day rollout of re-grand openings in the history of Walmart, and while massive in its own right, this week’s events are but a tile in the mosaic – we’ve invested over $9 billion in the past two years to upgrade more than 1,400 stores across the country. Each store is designed to deliver a more modern shopping experience and improve the lives of our associates and customers from the moment they step into the new space." READ MORE 👉 https://lnkd.in/eHGhHgQi #Walmart #LargestRetailer #Retail #RetailNews #ModernShopping

With Walgreens closing 25% of its stores, who’s their replacement?🤔 In the picture attached, you will see one of the many answers. This is a Dollar Tree in Columbus, Ohio that was once a Build-to-suit Walgreens. Before Walgreens, Frisch’s Big Boy occupied the parcel (pretty cool that they kept the same sign 😅) Dollar stores are aggressively expanding; over 7,000 have opened in just the past 5 years and dollar stores made up roughly one-third of all U.S. retail store openings in 2022 (Source: Jason Miller). Dollar General is another tenant to look out for, as they announced that they were opening another 800 stores this year. What other tenants have you seen backfilling these spaces? #Walgreens #backfill #dollarstore #realestate #tenant

There are eight remaining JCPenney stores in the Bay Area - located in City of Antioch, City of Concord, City of Fairfield, California, City of Hayward, City of Pleasanton, City of San Bruno, City of San José and City of Santa Rosa. Recent closures in the Bay Area include the ones in Daly City and Newark, which both closed in 2019. Once upon a time, JCPenney was a staple of many shopping centers across the country. It was one of those big-box retail department stores that seemingly every suburb in America had — in addition to stores like Macy’s and Sears. JCPenney, at one point in 1974, had more than 1,900 total stores across the country, according to Forbes. For retailers like JCPenney and Sears, the glory days — during the 1960s through 1980s when every mall in the county seemed to have either store — now appear to be a distant memory of the past. In May 2020, JCPenney filed for Chapter 11 bankruptcy. Unsurprisingly, the move resulted in the company closing many stores, including here in the Bay Area. https://lnkd.in/gz_xhYC9 #DepartmentStores #BayArea #EconomicDevelopment #Retail

🚫🚫🚫 Attention all LinkedIn connections! Have you heard the news about Marks and Spencer closing one of their busiest stores after 33 years? According to Express, the exact date is looming. Let's discuss the impact of this decision on local communities, retail strategies, and long-term business sustainability. This development is a wake-up call for the retail industry, highlighting the challenges faced by traditional brick-and-mortar businesses in the era of online shopping. Share your thoughts and insights on this trending topic. #MarksandSpencer #RetailIndustry #BusinessSustainability https://ift.tt/pTnFvQk

"Unlike Walmart, which remained in the Walton family, or Target, which handled its transformation from family-owned business to public corporation far better, Kmart underwent very early rapid growth and then began a long period of coasting and decline." "While Kmart has long been viewed as a sort of downmarket Walmart clone, it’s worth noting that Kmart came first—not just because the company that became Kmart goes back to 1899, but because the opening of the first modern Kmart in 1962 beat the opening of the first Walmart by a few months. It was not until the 1990s that Walmart became a major national player in the discount department store industry. It’s more accurate to say that Walmart beat Kmart at its own game than that Kmart failed to properly imitate Walmart." "Like Kmart, Howard Johnson’s made several attempts to revitalize its business. A parade of managers who had none of the personal investment of the chain’s founder, Howard Deering Johnson, successively took the reins. The company began to introduce new restaurant concepts, and it underwent a series of acquisitions as well as the division of its hotel and restaurant businesses. All of this flux and churn depressed morale, eroded managerial continuity, and left the once-great restaurant half of the company to fend for itself as its numbers dwindled." "Throughout this long, slow decline, nobody seriously attempted a “reboot” of the company; nobody bothered to attempt monetizing whatever goodwill the name still held, by, say, bringing back the real recipes of the famous 28 flavors of ice cream. That kind of investment or passion or capital was gone." "Despite the former ubiquity of both Howard Johnson’s and Kmart—and notwithstanding the nostalgia of their small communities of fans—both chains have left hardly a trace in the popular culture. In business, as in life, past performance is no guarantee of future results. The demise of Howard Johnson’s, and likewise that of Kmart, is a cautionary business tale. But it’s also a humbling and almost spooky story." Kmart Elegy A formerly dominant American retail chain nears extinction by Addison Del Mastro The Bulwark (X: @BulwarkOnline) https://lnkd.in/ed7hFsgj And here is an article showing images of the rise and fall of a store whose building was once the tallest department store in the world and which in the course of the decline of the city of Detroit was eventually demolished in 1998. But as history seems to be like a revolving door (Jorge Drexler dixit) a new building has been erected on this site that will house the headquarters of another company that has also seen better times in the past, GM (https://lnkd.in/egtC4395) The life and death of Hudson's department store The Detroit News https://lnkd.in/eRzShcBe

Retail Realities: From Main Street to Mainstream (and Back?) Ever driven past a shuttered big-box store and felt a pang of "retail apocalypse"? I did just that in Duncanville, where a massive closed Walmart loomed large. It struck a chord – for years, we've heard about the impact of big-box stores on local businesses. But here's the twist: remember the "retail apocalypse" headlines of 2016? Fast forward, and even retail giants are facing closures. This got me thinking: is it the rise of e-commerce, changing consumer habits, or a bit of both? While I'm sure the Walmart employees found new opportunities (retail's a dynamic landscape, after all!), seeing a giant empty space sparks a conversation. What's the future of retail? Will these abandoned buildings become community hubs, or a symbol of a bygone era? Let's discuss! What are your thoughts on the evolution of retail? #retail #ecommerce #community #futureofwork

Wondering why Walmart is scaling up its Neighborhood Market presence? Walmart has launched a larger format for its Neighborhood Market stores, starting with new locations in Santa Rosa Beach, Fla., and Atlanta’s Vine City neighborhood. These stores are part of a five-year plan to open or convert over 150 locations. What are the underlying motivations behind this expansion? The company's strategic rationale behind this move is multifaceted. Recognizing the limitations posed by market saturation in certain locales for its traditional big box supercenters, Walmart aims to leverage smaller store formats like the Neighborhood Market to sustain its market dominance and foster continued growth. This strategic pivot underscores Walmart's commitment to optimizing its retail footprint to effectively compete with both discount retailers and smaller grocers and fit into the local community seamlessly. The new stores, each with 57,000 sq. ft. of sales floor space, are 17,000 sq. ft. larger than the average Neighborhood Market. This expanded space allows for a broader product assortment, especially in fresh departments like bakery, produce, meat, and dairy. The larger format also includes more room for pickup and delivery services, enhancing convenience for customers. 👉 Click link for details: https://lnkd.in/gnZpcVfF #NNN #retail #realestate #investment #investing #commercialrealestate #property #passiveincome #cre #investor #realestateinvesting #commercialproperty #netlease #retailrealestate #walmart #neighborhoodmarket

Macy's might close its big store in San Francisco's Union Square. This could happen in 2025 or later as part of their plan to shut down some stores that aren't doing so great. They want to focus on making the stores they keep even better and opening smaller ones. Macy's has been trying to keep up with shoppers who want different things now and areas where it's tough for stores to do well. They're planning to close about 150 stores by 2026, but they'll keep about 350 open and make them nicer. In the real estate biz, we often see similar challenges and changes. At Cudd Realty, we're all about helping small businesses and our community in North Texas. When big retail stores like Macy's change their plans, it can make new opportunities for local businesses and real estate. That's where we can help figure out what's best for everyone. Thinking about how changes in the retail world could open up new real estate chances? Wanting to get the inside scoop on how it might impact your plans? Reach out and let's have a conversation about what's happening and where you could fit in. Call or text me, Michael Cudd, at 940-595-0138. Let's turn change into an opportunity together. #CuddRealty #NorthTexasRealEstateNews #RetailChanges #CommunityGrowth #RealEstateOpportunities

Macy's might close its big store in San Francisco's Union Square. This could happen in 2025 or later as part of their plan to shut down some stores that aren't doing so great. They want to focus on making the stores they keep even better and opening smaller ones. Macy's has been trying to keep up with shoppers who want different things now and areas where it's tough for stores to do well. They're planning to close about 150 stores by 2026, but they'll keep about 350 open and make them nicer. In the real estate biz, we often see similar challenges and changes. At Cudd Realty, we're all about helping small businesses and our community in North Texas. When big retail stores like Macy's change their plans, it can make new opportunities for local businesses and real estate. That's where we can help figure out what's best for everyone. Thinking about how changes in the retail world could open up new real estate chances? Wanting to get the inside scoop on how it might impact your plans? Reach out and let's have a conversation about what's happening and where you could fit in. Call or text me, Michael Cudd, at 940-595-0138. Let's turn change into an opportunity together. #CuddRealty #NorthTexasRealEstateNews #RetailChanges #CommunityGrowth #RealEstateOpportunities