![]() ![]() ![]() Ohio will be the eighth state for the 467 store California-based discount grocery chain that offers the 'treasure hunt' off-price experience and closeout deals popularized by chains like Ollie's Bargain Outlet, Inc., Burlington Stores, Inc., Ross Stores, Inc. Next week Grocery Outlet is opening its first store in the state of Ohio. Lease Acquisitions Fueled 2023 Store Growth For These Retailers #bankruptcy #leases #retailrealestate #retailleasing #bigbox #bedbathandbeyond #partycity #fivebelow #burlington and PGA TOUR Superstore also purchased multiple leases in 2023.Īnd the large number of lease acquisitions is merely a continuation of a trend that has occurred after significant retail bankruptcies for decades. Other retailers including ALDI USA, Barnes & Noble, Inc., Dollar General, Havertys Furniture, Ollie's Bargain Outlet, Inc. ![]() ⏺ 18 new Five Below locations (which helped the company top its target of 200 new stores) (~80% of its net new 2023 store openings) ⏺ 64 new sites for Burlington Stores, Inc. Lease acquisitions have resulted in approximately: Close to 150 new retail stores that opened in 2023 were not the product of standard negotiations between tenants and landlords.īut instead resulted from tenants that acquired existing leases from bankrupt retailers like Bed Bath & Beyond, Party City, and Tuesday Morning. ![]()
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