December 11, 2024
Big Lots identified Aldi, Burlington, Hobby Lobby, and Ollie's Bargain Outlet among the successful bidders at its recent auction of 32 leases. The below chart shows which leases were assumed and by who, and which were designated for termination.
The Fresh Market opened a new 25,000 square-foot store in Louisville, KY, bringing its store count in the state to three. Since announcing its expansion plans last summer, the Company has opened six new locations and grown its store count to 165. Other openings this year include Lakewood Ranch and Seminole, FL; Naperville and Chicago, IL; and Crofton, MD. The Company continues to build on efforts to add 22 new locations by August 2025. See our adjacent Retail Openings & Closings map.
Apparel & Footwear
Several apparel and footwear retailers have issued third quarter results recently, and in doing so provided updates on store activity. See the chart below for store count changes and relevant notes on store activity.
Academy Sports + Outdoors opened five new stores in Bradenton and Yulee, FL; Searcy, AR; Meridian, MS; and Corsicana, TX. Overall, Academy's 2024 expansion included the opening of 16 new stores in 10 states, including its first in Ohio. Academy now operates 298 stores across 19 states.
Looking ahead to 2025, see some of the stores in Academy's pipeline in the adjacent map, according to our Retail Openings & Closings tracker.
Topgolf will open this week in Burlingame, CA, bringing its store count in the state to six. The new facility will feature 108 outdoor climate-controlled hitting bays, a 36-foot video wall, and an outdoor patio with games, music, and family-friendly programming.
The adjacent chart shows Topgolf's continued store growth over the last four years, from 59 in 2020 to 94 currently. Roughly one quarter of its store base is located in either Texas or Florida.
General Interest
In light of President-elect Donald Trump's tariff proposals, RetailStat has conducted an analysis to outline the potential implications for the retail sector. Click here to view.
The information contained in this newsletter is compiled from sources which RetailStat, LLC (“RetailStat”), does not control and unless indicated is not verified. Its contents are not to be divulged. RetailStat, its principals, and writers do not guarantee the accuracy, completeness or timeliness of the information provided nor do they assume responsibility for failure to report any matter omitted or withheld because of their negligence.
