Shopping Centers Today

SEP 2018

Shopping Centers Today is the news magazine of the International Council of Shopping Centers (ICSC)

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H H E R E ' S W H Y : ➔ "Hottest Neighborhood" in Tarrant County – May 2018 ➔ Economic Incentives ➔ Close to freeway ➔ Over 185,000 daily commuters ➔ Retail & dining nearby ➔ Located in fast-growing DFW Metroplex ➔ 30 minutes to DFW Airport YOUR STORE B E LO N G S I N FOREST HILL, TEXAS! 58,400 square feet of grocery store space in the heart of Southwest Dallas/Fort Worth C O M M U N I T Y I N F O Average Household Income: $57,916 Median household Income: $50,137 Median Age: 33.2 Primary Trade Area Population: More than 350,000 11% Graduate or Bachelor's Degree 28% Associate's Degree or Some College City Population: 13,000 Commuters: 185,000 P R I M A R Y T R A D E A R E A C I T Y B O U N D A R I E S | 817.568.3009 For Information: (817) 568-3009 S T O R E F R O N T S Casper plans 200 stores Online mattress retailer Casper says it plans to open about 200 new stores to help boost sales. CEO Philip Krim told the The Wall Street Journal that the stores will help the startup expand beyond its mattresses-in-a- box to begin selling a variety of sleep-related products. "Customers aren't always in the market for a mattress," he said, "but everyone cares about how they sleep." Casper opened its first physical store earlier this year, in New York City. Of the 200 planned new stores, 18 will be transitional makeovers of existing pop-up shops the company will convert to permanent stores. Many of Casper's pop-ups are in top-tier malls. These pop-up shops have boosted sales in their markets of operation, Krim says. "It's a way to educate new consumers," he said. On average, the company says, the temporary units have generated roughly $1,500 per square foot each. n Domino's Pizza is cooking up more U.S. shops on the strength of a sales surge, CEO Richard Allison told investors during a conference call. e chain will spend between $115 million and $120 million to prep its suppliers to handle 2,350 new shops, on top of its 5,650 existing ones, reports CNN. "As we look forward, we see an opportunity to take share broadly across the industry," Allison said. Same-store sales grew by 6.9 percent in the second quarter year on year, driven mostly by an increase in orders. n DOMINO'S TO DELIVER MORE SHOPS

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