Independent Pharmacies On The Rebound

Date: 1 Aug 2001 | posted in: Retail | 0 Facebooktwitterredditmail

After more than a decade of decline, independent pharmacies are beginning to make a comeback. Last year, 244 new independent pharmacies opened, according to the National Community Pharmacists Association (NCPA). By comparison, the top three pharmacy chains had a combined increase of 234 stores last year. Walgreens posted a net gain of 344 new stores, CVS was up 35 stores, and Rite Aid had a net loss of 145 stores. The increase in independent pharmacies is a sharp turnaround from the last decade. … Read More

Hudson Valley Communities Fight CVS

Date: 1 Aug 2001 | posted in: Retail | 2 Facebooktwitterredditmail

A firestorm of protest has swept the Hudson River region of New York in response to CVS’s plans to open stores in nearly a dozen village centers. Having saturated strip malls and highways, chain drugstores in recent years have focused increasingly on Main Street locations. In the Hudson region, CVS has cut deals to lease sites formerly occupied by grocery stores in several village centers. Ten of the sites were Grand Union outlets, a regional grocery chain that recently filed for bankruptcy. … Read More

Brooklyn Neighborhood Defeats Ikea

Date: 1 Aug 2001 | posted in: Retail | 0 Facebooktwitterredditmail

In June, the Swedish furniture chain Ikea dropped its proposal to build a 300,000 square foot store on 9-acre site in Brooklyn. The defeat is Ikea’s second in the New York region this year. In February, organized opposition from small business owners and residents forced Ikea to back out of plans to open a store in New Rochelle. The Brooklyn site is located near Gowanus Canal in a predominantly residential neighborhood. Once the location of a coal transfer station, the land is currently owned by the US Postal Service.… Read More

Belfast Voters Outlaw Big Box Stores

Date: 1 Aug 2001 | posted in: Retail | 0 Facebooktwitterredditmail

In June, residents of Belfast, Maine voted 2-to-1 to ban retail stores larger than 75,000 square feet. They also elected two big box opponents to the City Council by substantial margins. Belfast, located in the fast-growing mid-coast region about two and a half hours north of Portland, has a population of 6,400. It’s 18th century downtown is listed on the National Register of Historic Places. … Read More

Belfast votes in self-defense

Date: 8 Jul 2001 | posted in: Retail | 0 Facebooktwitterredditmail

By a nearly 2-1 margin, Belfast voters recently endorsed a measure to limit new retail stores to no more than 75,000 square feet. The law will keep Wal-Mart, Home Depot, and other "big box" retailers out of the community. The Belfast vote is part of a growing nationwide movement. In the last few years alone, more than 100 cities and towns have rejected big box stores. … Read More

Midway Home Depot Dismantles Concept of Quality of Life

Date: 5 Jun 2001 | posted in: Retail | 0 Facebooktwitterredditmail

Home Depot wants to build one of its giant stores with a multiacre parking lot on the corner of Lexington Parkway and University Avenue. The St. Paul City Council has authorized city officials to negotiate a financing package with the Atlanta-based corporation that could include as much as $5 million in tax increment financing (TIF), a form of public subsidy. Once a formal plan is submitted, the City Council will vote on whether to approve the development. Supporterscontend Home Depot will generate new jobs and tax revenue. But numerous studies have found that these giant chain retailers destroy about as many jobs and as much tax revenue as they create. This is because retail spending in a given market is a relatively fixed pie. Adding a massive amount of new retail in one location — in this case an estimated $40 million in annual sales — will invariably cause revenue to decline at established local businesses.Many of these businesses will be forced to downsize or close. The resulting job and tax losses will substantially offset the gains created by Home Depot. … Read More

Domini Fund Ditches Wal-Mart Stock

Date: 1 May 2001 | posted in: Retail | 0 Facebooktwitterredditmail

In February, the Domini Social Equity Fund removed Wal-Mart from its portfolio. The decision to dump the Fund’s 1.2 million shares of Wal-Mart stock was prompted primarily by concerns about the company’s labor and human rights policies abroad. Domini had initially sought to alter Wal-Mart’s practices through shareholder activism. … Read More

Home Depot Backs Out Of Downtown Portland

Date: 1 May 2001 | posted in: Retail | 0 Facebooktwitterredditmail

Having saturated rural and suburban markets, big box retailers are making an aggressive push into central cities. In many communities, however, they are facing strong neighborhood opposition. Last year, Home Depot, which has 1,100 outlets worldwide, announced its intention to open a store in the Hollywood neighborhood of Portland, Oregon. The corporation proposed a 4-block, multistory building that would combine a 100,000 square foot store with offices, apartments, small shops, and two levels of above-ground parking.… Read More

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