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Shoe Retailers Expanding Nationwide
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Shoe Retailers Expanding Nationwide
Galo Shoes, Inc. operates six stores selling Italian shoes for women in NJ and NY. The company plans to continue expanding in NY. Spaces of 1,500 sq.ft. in freestanding locations are of interest. Average leases are 10 years. Major competitors are Bally and Feragamo. For further information, contact George Galo, Galo Shoes, Inc., 825 Lexington Avenue, New York, NY 10021; 212-832-3922, Fax 980-1319.
The Shoe Show Inc. does business at 570 stores as The Shoe Dept. (281 units), Shoe Show (262 sites), Burlington (21 locations) and Altier (6 stores). The family shoe stores operate in AL, AR, CT, DE, FL, GA, IL, IN, LA, KY, MD, MA, ME, MO, MS, MT, NJ, NY, OH, PA, SC, TN, TX, VA, VT, WV. Expansion in the existing markets is planned for the next 18 months, with 70 new stores projected. Spaces of 2,000 sq.ft. to 5,000 sq.ft. in power, strip, outlet and value centers as well as malls, freestanding locations and tourist areas are of interest. For further information, contact Kirk Krull, The Shoe Show, Inc., 776 Florence Place NW, Concord, NC 28025; 704-782-4143, Fax 782-3411.
The Eddy Company trades as J. Stephens, Rockport and Clarks at 17 locations in AZ and CA. Expansion plans for the next 18 months call for opening four to six stores in AZ, CA and NV (Las Vegas). The stores, carrying better shoes for men and women, use spaces of 1,400 sq.ft. to 1,800 sq.ft. in malls or specialty centers. Typical leases are seven to 10 years. Average psf sales are $650, and a tenant allowance of $80 psf is required. For further information, contact William Eddy, The Eddy Company, 110 Newport Center Drive, Newport Beach, CA 92660; 949-640-7475, Fax 640-1719.
Shoe City operates 30 athletic footwear stores in CA. Spaces of 5,000 sq.ft. to 7,000 sq.ft. are utilized in power or strip centers. Plans call for six openings in the coming 18 months with growth continuing in the existing market. Typical leases are five years, while a vanilla shell and specific improvements are required in addition to a $10 psf tenant improvement allowance. Preferred demographics include a population of 200,000 within a three-mile radius earning $45,000 as the average income. For further information, contact Bob Pratt, R.L. Pratt and Associates, 123 Washington Boulevard, Marina Del Rey, CA 90292; 310-577-1414, Fax 577-1415.
The Brown Group trades as Famous Footwear at 870 locations nationwide. Expansion plans call for 120 openings in the existing market during the next 18 months. Spaces of 6,000 sq.ft. to 8,000 sq.ft. are used in power, strip, outlet or specialty centers, malls, freestanding facilities, and urban/downtowns. Preferred co-tenants include Target, Kohl’s, Old Navy and Marshalls. Typical leases are five years. A turnkey is required. Demographic requirements include a population of 100,000 within a five-mile radius earning $40,000 as the average household income. For further information, contact Harold Van Ommeren, The Brown Group, 7010 Mineral Point Road, Madison, WI 53717-1701; 608-829-3668, Fax 662-6463.
Canada Shoe Sales, Inc. trades as Canada Shoes at eight locations in CA. The family shoe store chain plans to expand in CA and NV within the next 18 months. The stores require spaces of 2,500 sq.ft. to 3,000 sq.ft. in strip centers preferably near Gigante Markets. The company signs leases running three to five years. Payless Shoe Source is cited as competiton. For more information, contact Francisco Aguirre, The Canada Shoes Sales, Inc., 2571 Saturn Avenuem Huntingdon, CA 90255; 323-583-1271, Fax 589-0890. |