The Final Checkout of 2024: Retail Insights

This is the second episode of Retail ReCap! In this monthly series, hosts Jeremy Mercer, Will Narduzzi, Bob Moorhead, and Rob Franks dive deep into the world of retail. From national trends to local developments, we’re here to give you the inside scoop on what’s driving the industry.Here’s what we’re unpacking in our debut episode: Retailer Expansion Plans: Dollar General Plans 575 New Stores – 4,250 Remodels The company also announced that it was testing out same-day delivery in 75 stores with plans to expand to “thousands of stores” if the test performs well. Burlington plans to open 100 new stores in 2025; Q3 sales up 11% Tractor Supply plans to open 90 new locations in 2025 Academy Sports plans to open 20 to 25 new stores in 2025 Lowes plans to open 10 -15 new stores in 2025 and beyond Aldi plans major expansion, renovation of U.S. headquarters The fast-growing discount grocer plans to add 800 stores nationwide by the end of 2028, and is expanding and renovating its U.S. corporate campus in Batavia, Ill. Aldi currently operates roughly 2,460 stores in the U.S. Fields West Development in Frisco (Valued at $660M – Legacy West 2.0) adds Bloomie’s (49k SF – First in Texas), Pottery Barn, Mastro’s (10k SF – First in DFW) alongside local favorites like Beverley’s, Green Point, Mexican Sugar, Sixty Vines, Tommy Bahama’s Marlin Bar and more. Current site plan attached. West Grove in McKinney (Custer & 380) nearing opening. Features one of 3 new Whole Foods openings nationally. Tenants include Sephora, Velvet Taco, etc. Current site plan attached. Kroger/Albertson’s (Tom Thumb) $25B Merger called off. Kroger announced two new locations. Little Elm & Ft Worth Recently opened in Melissa, Under construction in Plano & Ft Worth (Coit & 121 + Bonds Ranch Rd) Tom Thumb broke ground on 3 new locations Midlothian, Sunnyvale, Sanger Terminated lease at Redbird Mall redevelopment. Competition from Joe V’s opening on Camp Wisdom and development delays citied for the cause. Black Friday sees online sales increase by 10% with sales totaling $10.8 billion The entire Cyber Week generated a substantial $41.1 billion in sales. Container Store delisted from NYSE. Is bankruptcy imminent? Aerospace and defense manufacturing company RTX, formerly Raytheon Technologies, has sold its Dallas plant to one of the country’s largest franchised automotive dealers. Georgia-based Asbury Automotive Group purchased RTX’s roughly 15-acre site at 6000 Lemmon Ave. near Love Field for a Porsche dealership. Canadian-based Chewters Chocolates will soon begin construction on a $20.5M Rockwall chocolate factory. Plans to construct a 225,000-square-foot facility at Rockwall Technology Park. Tours will be offered