ChainLinks Expansion Guide Spring 2013 MidAmerica

ChainLinks Retail Advisors

National Retailer & Restaurant Expansion Guide Spring 2013

Garrick H. BrownDirector of Research ChainLinks Retail Advisors

Matt KircherChainlinks PresidentChainLinks Retail Advisors

Brought to you by:

Welcome to the third annual edition of the ChainLinks National Retailer and Restaurant Expansion Guide. As you will see, we have continued to expand our coverage of the marketplace over the past year. Last year, we covered the expansion plans for over 2,400 major national retail and restaurant chains throughout the United States. This year, we have expanded that to over 3,000 chains.

Those are not the only changes in store for you with this years edition. We have added additional classifications for retail and restaurant concepts that we hope will make this guide much easier to navigate. This should hold particularly true for restaurants, which we have broken out into more detailed subcategories to reflect individual dining concepts like Asian, Hamburgers/Hot Dogs, Casual Dining and others.

And we also made a couple of slight changes to our methodology. Not a major ones, but ones that we think will provide more accurate numbers in terms of what to expect from individual chains. First, lets explain our basic methodology. The information in this guide has been gathered from a wide variety of sources that we deem reputable, however, we make no claim to the accuracy of the data in this report. We gathered this data from a mix of sources; including the retail and restaurant chains themselves, the brokers and site selection specialists that represent them, third-party data sources, published media reports, quarterly reports and public statements made by company executives and reliable word on the street gathered from the retail and brokerage communities. Within that context, and with retailer plans prone to change frequently and often and the penchant of some chains towards not disclosing their plans, we do not guarantee that the data we present within this report is 100% accurate. However, we do contend that this

is the most comprehensive and accurate report on planned and/or likely retail and restaurant real estate activity that exists in the world today.

In a step towards making our data more accurate this year, we have instituted two changes to our process. The first is that we used to run into accuracy issues when dealing with many of the franchise driven chains in the marketplace. They would share a franchising goal, rather than a real store opening goal with us. We would see this manifest annually with a number of concepts that would share very ambitious numbers with us each year that would rarely come close to the actual number of real store openings that would occur. We made the decision this year to opt away from using those numbers if they seemed overly ambitious and plugging in our own estimates of unit count growth based upon historical performance and our own forecast of realistic growth in the year ahead. Likewise, we also made the change that we have provided our estimates for growth in some situations where direct data from the concept was not available. While these two moves wont make the metrics perfect, we do think they will go a long way for presenting a much more accurate view of what to expect in the year to come.

With that, we are pleased to present to you our 2013 National Retail and Restaurant Expansion Guide! Enjoy,

MID-AMERICAREAL ESTATE GROUP

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ChainLinks Retail Advisors

National Retailer & Restaurant Expansion Guide Spring 2013

This report has been prepared by Garrick Brown, Director of Research, ChainLInks

RetaileR Name miN SF max SFCuRReNt appRoximate

StoRe CouNtplaNNed GRowth Next 12 moNthS

expaNSioN CommeNtSaReaS oF expaNSioN oR SpeCial FoCuS

Claire's 1,200 1,200 1,550 25Claires plans on opening 25 new stores in 2013, while sister concept Icing 35 new locations. Claires typically uses 1,200 SF. Their current store count is about 1,550 worldwide.

National

Coach 2,200 4,000 356 25Coach currently has 25 new stores under development for 2013 and 20 of them are outlet stores. They need to open three more full line stores to meet this years goal. Their 356 full line stores require 2,700 to 4,000 SF, while outlet stores need around 4,000 SF.

National

Fossil/Fossil Outlet 1,000 6,000 408 75Fossil is adding 70 to 75 new stores of both the full line and outlet variety. They currently have 251 full line stores and 157 outlet stores. Outlet stores require 6,000 SF, while the full line stores require only 1,000 to 1,500 SF.

National

Guess, Marciano 1,000 4,000 493 30Guess is closing 12 of its 825 stores this year, four more than last year and expect more closures in the future. They also have plans to open 50 new locations internationally. Guess Accessories, their smallest format, requires 1,000 to 4,000 SF.

National

Icing 1,375 1,500 390 35Icing will open about 35 new stores in 2013, while sister concept Claires is planning on 25 new locations. Icing takes between 1,375 and 1,500 SF. Their current store count is about 390.

National

Lou Lou 2,000 4,000 10 3This DC area based store is growing throughout the greater metro and may be looking to expand into neighborhoing east coast markets soon.

DC Metro

Louis Vuitton 3,000 10,000 460 2nstead of opening new boutiques, Louis Vuitton will expand existing ones, as well as offer customers a more personal relationship.

National

Versona Accessories 7,000 9,000 19 20Versona has plans for 15 to 20 new locations in 2013 and has similar expectations for 2014. They need 7,000 to 9,000 SF, along with 60 feet of frontage. Most new stores will be in outlet centers.

National

Retailer Expansion Guide Spring 2013

3

ACCESSORIESAPPAREL:





Active Ride Shops 4,500 6,000 21 3The stores, offering active wear apparel items, occupy spaces of 4,500 sq.ft. to 6,000 sq.ft. in malls and regional lifestyle centers. Growth opportunities are sought throughout CA during the coming 18 months.

California

Anthropologie 10,000 12,000 110 10

Total growth numbers were not available at the time this report went to press, but our estimates are based on past activity and what we have heard from local media outlets and brokers based on activity. We anticipate that Urban Outfitters will still account for the lion's share of growth, though Anthropologie will also be active in the year ahead.

National

Athleta 3,000 4,000 12 23Athleta, the Gaps active sportswear concept, plans to open 20 to 25 stores this year. They opened ten stores in 2011 and 20 in 2012. They prefer to be in malls, lifestyle centers and downtown locations.

National

Banana Moon 600 1,000 43 1 National

Billabong 2,500 3,500 29 5 National

Color, Inc. 500 1,500 50 6 Likes 10 year deals with options National

Cricket Shop 1,400 2,500 3 1 Florida

Custo Barcelona 1,000 2,000 8 1 High end Retailers. New York

Danskin 1,500 2,500 9 5 Typically signs 5 year deals with options. Eastern US

Everything But Water 1,000 5,000 59 2 National

Fresh Produce Sportswear 2,000 3,000 37 5 National

Giorgio Armani 4,500 5,500 85 35 Upscale fashion-forward shopping centers. National

Hat Club 300 800 21 4 Typically signs 5 year deals with options. Western US

Hot Topic 1,600 1,800 636 15 Hot Topic has plans to open 15 new stores and requires 1,600 to 1,800 SF. National

Hurley 3,000 4,000 1 1 California

Jim Ball Inc. 1,500 3,500 1 2 Florida

Jockey International 3,000 3,500 106 3 National


4

ACTIvE SPORTSWEARAPPAREL:

Retailer Expansion Guide Spring 2013 APPAREL: ACTIvE SPORTSWEAR




Le Roy's Boardshops 4,000 10,000 7 1

Le Roys Shoes and Clothing, Inc. trades as Le Roys Board Shops at nine locations throughout CA. The stores, offering snowboarding apparel and related items, occupy spaces of 4,000 sq.ft. to 10,000 sq.ft. in freestanding locations, strip centers and downtown areas. Growth opportunities are sought throughout southern CA during the coming 18 months.

Southern California

Legends Team Sports, Inc. 1,200 4,000 12 2

Sports Fan of Tidewater, Inc. trades as Legends and Sports Fan at 12 locations throughout DE, MD, NC and VA. The stores, offering active apparel items, athletic footwear and related merchandise, occupy spaces of 1,200 sq.ft. to 4,000 sq.ft. in malls, lifestyle and specialty centers. Growth opportunities are sought throughout MD, NC and VA during the coming 18 months. Typical leases run five to seven years. Major competitors include Foot Action, Foot Locker and Downtown Locker Room.

National

Lids/Hat World 700 2,000 980 25 National

lululemon athletica 700 2,800 142 12

Lululemon is adding 12 new stores this year, down from the 35 they opened last year. They are currently looking for East Coast locations. They generally start with smaller concept stores around 700 to 1,000 SF and follow up with locations about 2,750 SF. Lululemon would like to increase the number of locations from 135 to 300 including international locations.

National

Man Alive 2,500 3,500 76 5 Eastern US

PacSun 3,800 4,000 638 0Pacific Sunwear, which operates 638 stores, expects to close 20 to 30 stores. This is after opening nine stores in 2012, which was the first time in years which they had opened a new store. They require 3,800 to 4,000 SF.

National

Pro Image 1,200 2,500 90 8 Prefer Regional Malls. National

PUMA 3,000 4,000 54 10 National

Quiksilver 1,500 5,000 113 10 National

Road Runner Sports 5,000 10,000 24 2 California

Smack Sportswear 2,000 4,000 1 3Smack Sportswear, manufacturer of indoor and beach volleyball apparel, officially opened its doors in February in Torrance CA. Though plans have not yet been announced, we anticipate further growth--likely to begin in So Cal.

Southern California

Swim N' Sport 1,400 1,700 35 5 Likes 10 year deals with options National

Three Bags Full 500 2,000 4 1 Likes downtown sites. National

Tommy Bahama 2,000 5,000 70 5 Likes lifestyle centers and outlet malls. National

True Runner 3,500 5,000 2 2 TrueRunner plans two new stores in 2013. National

Underground Printing 1,200 1,500 20 1 Prefers college campus sites. National

Underground Station 1,600 2,500 144 0 Prefers regional malls. Southeast US

Zumiez 1,500 3,500 45Zumiez said it plans to open about 60 new stores in the current fiscal year, including up to 10 stores in Canada and six stores in Europe.

National

This report has been prepared by Garrick Brown, Director of Research, ChainLInks5





Abercrombie Kids' Store 4,000 5,000 181 0

Likes 10 year deals with options. Abercrombie & Fitch will open two flagship stores in 2013. One in Seoul and the other in Shanghai. Other than that, Abercrombie & Fitch will be downsizing. 50 domestic stores will close this year throughout all of A&Fs divisions, most will be expiring leases. Much like 2012 when they opened 13 stores and closed 47.

National

BuyBuy Baby 25,000 60,000 47 5 Northeast US

Carter's 4,000 5,000 351 55 Likes 10 year deals with options National

Children's Place 4,000 7,000 1,076 85High profile with excellent visibility, end-cap and freestanding location. Location preferably in a grocery anchored regional shopping center.

National

Crazy 8 2,200 2,800 219 80 National

Crewcuts 2,000 3,000 10 3

Typically signs 5 year deals with options. J. Crew is planning on opening a total of 46 new stores worldwide in 2013 (though the overwhelming majority of them will be in the U.S.); this includes 17 Madewell stores, 13 factory outlets and 16 of its namesake units including its first entry into the European market with one new store planned for London.

National

Dress Me Up 3,000 3,000 1 2 Likes downtown sites. Southeast US

Gymboree / Gymboree Outlet

2,000 2,500 785 20 National

Happy Days 15,000 28,000 3 1

Happy Days operates three locations throughout NY. The stores, offering childrens apparel, occupy spaces of 15,000 sq.ft. to 28,000 sq.ft. in regional malls. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run 15 years. Specific improvements are required

New York

Janie and Jack 1,200 1,400 123 5 National

Justice 4,000 5,000 917 45

Ascena is expected to open 100 to 120 stores in the spring, and close 40 to 60 across all of its concepts--but they have not broken that down across their brands. All told, we understand that the greatest growth will come from Justice, Lane Bryant and maurices. However, actual totals remain hazy.

National

Kid City 10,000 10,000 18 2 New York

Kidstown 15,000 25,000 6 2 Prefer sites within 1 hour of New York City. Mid-Atlantic

OshKosh B'Gosh 4,000 5,000 176 5 Exact Expansion plans are TBD. National

Play 1,300 1,500 4 5 Prefers regional malls. Western US


6

ChILdRENSAPPAREL:





$20 Below 10,000 15,000 38 5Primarily seeking 2nd Generation former apparel stores 8,000 and 15,000 square feet in Outlet Malls and Traditional Malls but will consider high traffic strip malls.

National

1/2 of 1/2 Name Brand Clothing

10,000 28,000 19 1 Southeast US

4 M Fashions 2,800 3,000 8 2Looking to expand in existing markets of NJ and NY and expand into Atlanta and Charlotte markets in 2013.

Eastern US

5 Dollar Fashions 2,000 4,000 9 50 Eastern US

A|X Armani Exchange 4,500 5,500 180 35Expanding in major U.S. & Canadian markets. Minimum of 40 feet of frontage required. Urban, tourist locations, and upscale fashion-forward shopping centers and street locations. Expansion is for all Armani concepts combined.

National

Abercrombie & Fitch 8,000 10,000 316 0


National

Aeropostale / P.S. from Aeropostale

3,000 4,000 906 75

Aeropostale, which currently operates 906 stores, will add 14 locations and remodel 30. They look to their kids concept, P.S. stores, which currently has 103 stores, to eventually operate 500 stores. Both can fit in 3,000 to 4,000 SF. P.S. Stores will account for the lion' s share of growth in the coming year with about 60 stores planned..

National

AG Adriano Goldschmied 2,000 3,000 11 2 Prefers streetfront with heavy foot traffic. National

American Eagle Outfitters 7,000 8,000 929 0

American Eagle Outfitters will open about 50 new stores this year, most of which will be in Outlet form. The Outlet division plans to reach 150 stores and is currently at 115. They will also be closing 25 to 40 locations this year. aerie, the lingerie and intimates division will be downsized by 15 to 20 stores this year.

National

Banana Republic 3,500 10,000 536 5Most of the Gap's growth is going to be focused on Old Navy and their Athleta concept in 2013. Chances are that closures for this concept may match or exceed new store openings. Likes 3 to 5 year deals with options.

National

Bass 2,000 5,000 100 1 National

benetton 2,000 3,000 150 5 Total of 5,500 stores worldwide. This includes all concepts. Western US

Buckle 5,000 5,000 432 14The Buckle has plans for 14 new stores this year and 12 next year. They prefer 5,000 SF in shopping malls. Prior to 2013 The Buckle operated 440 stores in 43 states.

National

Burlington Brands 5,000 5,000 10 1Burlington Brands operates 10 locations throughout AL, NC, NV, SC and TN. The apparel stores, offering mens and womens apparel, occupy spaces of 5,000 sq.ft. in outlet centers. Limited growth opportunities are sought throughout the existing markets during the coming 18 months

Southeast US


7

FAMILyAPPAREL:

Retailer Expansion Guide Spring 2013 APPAREL: FAMILy




Burlington Coat Factory 50,000 80,000 482 50 Typically does 30 year deals. National

Calvin Klein 2,000 5,000 100 1 National

Charming Charlie 5,500 7,000 101 120Charming Charlie, with its new smaller 5,000 SF prototype, will end 2013 with 120 new locations and they plan raising their total to 800 within the next few years

National

Citi Trends 11,000 18,000 511 4 Typically signs 5 year deals with options. National

City Sports 8,000 10,000 22 4Among the most recent openings are new locations in Boston and New York--they are also reportedly looking in Washington DC and other eastern seaboard markets.

Northeast

Club Monaco 1,200 10,000 59 5 Likes 10 year deals with options National

Conway 20,000 40,000 45 3 New York

Crazy Shirts 1,500 3,000 40 3

Crazy Shirts operates 40 locations throughout CA, FL, HI, NV and SC, as well as internationally. The stores, offering apparel and accessories for men, women and children, occupy spaces of 1,500 sq.ft. to 3,000 sq.ft. in specialty, strip and tourist centers. Growth opportunities are sought throughout CA, FL, HI, NV and SC during the coming 18 months

National

Daffy's New York 20,000 25,000 19 2

Daffys, Inc. trades as Daffys New York at 19 locations throughout NJ, NY and PA. The apparel stores occupy spaces of 20,000 sq.ft. to 25,000 sq.ft. in urban/downtown areas. Growth opportunities are sought throughout New York, NY and the surrounding suburbs during the coming 18 months. Preferred cotenants include Target

NYC Metro

Discount Clothing Store 1,000 5,000 2,000 50 Likes 3 to 5 year deals with options. National

Dolce & Gabbana, D&G 1,000 5,000 87 1 Likes downtown sites. National

EbLens Clothing & Footwear 5,500 6,500 36 5

EBL, Inc. trades as Eblens Clothing & Footwear at 36 locations throughout CT, MA, NY and RI. The stores, offering mens and womens urban apparel and footwear, occupy spaces of 5,000 sq.ft. to 6,000 sq.ft. in strip centers and urban/downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months.

New England

Eddie Bauer 5,500 6,500 350 4Regional Malls and Lifestyle Centers require 5500 sq ft with 40 ft of frontage. Outlet Malls and Power Centers require 6500 sq ft with 45-50 ft of frontage. Store count is for Both Premium & Outlet locations combined.

National

Express 6,400 7,500 580 10 Likes 10 year deals with options. Prefers regional malls. National

Faconnable 3,000 5,000 17 5

Faconnable operates 17 locations throughout CA, CO, FL, GA, NY and TX, as well as internationally. The stores, offering better lines of mens and womens apparel, as well as footwear and accessories, occupy spaces of 3,000 sq.ft. in regional malls. Plans call for five openings throughout San Diego, CA; Chicago, IL; Boston, MA; NY; Houston, TX and Washington, DC during the coming 12 months,

National

Factory Connection 3,000 7,500 240 10 National

Famous Labels 15,000 45,000 38 5 National






Forman Mills 40,000 60,000 30 3

Forman Mills, Inc. trades as Forman Mills at 30 locations throughout DE, IL, MD, MI, NJ, NY, OH, PA and Washington, DC. The stores, offering off-price family apparel, occupy spaces of 40,000 sq.ft. to 60,000 sq.ft. in freestanding locations, strip centers and urban/downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months.

Eastern US

Four Seasons 6,000 6,000 8 1

GWK Enterprises, Inc. trades as Four Seasons at eight locations throughout IA and IL. The stores, offering womens apparel in sizes ranging from six to 24, occupy spaces of 6,000 sq.ft. in strip centers. Growth opportunities are sought throughout Bloomington, IL during the coming 18 months.

Illinois

Free People / We The Free 2,500 3,000 30 3


National

French Connection & Nicole Farhi

1,000 5,000 37 5 National

Gabriel Brothers 11,000 13,000 38 1Company has only averaged about one new store per year for last few years and we dont expect this to change in 2013.

Eastern US

Gap (includes Gap, Gap Body, baby Gap, Gap Kids & Gap Maternity)

3,000 7,500 1,011 5Most of the Gap's growth is going to be focused on Old Navy and their Athleta concept in 2013. Chances are that closures for this concept may match or exceed new store openings. Likes 3 to 5 year deals with options.

National

H & M 16,000 57,000 233 30H&M will finish the year with 25 to 30 new locations in the US. They require 16,000 to 57,000 SF per store. Among the most recently announced new locations is one within New Orleans French Quarter.

National

Half of Half Name Brand Clothing

12,000 30,000 20 2

Name Brands, Inc. trades as Half of Half Name Brand Clothing at 20 locations throughout AR, KS, MO, MS, NE, OK, TN and TX. The stores, offering discounted name brand apparel, occupy spaces of 12,000 sq.ft. to 30,000 sq.ft. in freestanding locations, strip and value centers. Growth opportunities are sought throughout Kansas City, KS and Dallas, TX during the coming 18 months. Typical leases run three to five years. A vanilla shell is required. Preferred cotenants include Target and T.J. Maxx.

Midwest/Texas

Hamrick's 40,000 50,000 21 5 Southeast US

Hollister Co. 6,000 10,000 502 0


National

HUGO BOSS 3,000 5,000 42 6 National

Hut No. 8 2,500 3,000 15 50

Goin Postal Franchise Corp. trades as Hut no. 8 at 15 locations throughout AR, FL, GA, MO, NE and TX. The stores, offering new and used designer label apparel and accessories for young adults, occupy spaces of 2,500 sq.ft. to 4,000 sq.ft. in entertainment, specialty and neighborhood community centers. Plans call for 85 openings nationwide during the coming 18 months, with representation by APE Realty, Inc. Typical leases run five years with five-year options. A vanilla shell and tenant improvement allowance are required. Preferred cotenants include restaurants and national retailers.

Eastern US

Izod 2,000 5,000 100 1 National






J. Crew 5,000 6,000 220 16


National

Jimmy Jazz 3,000 7,000 120 5 Prefers regional malls. Eastern US

Joe Fresh 12,000 14,000 17 2 Likes downtown sites. National

Joe's Jeans 1,500 2,000 22 10 Plans are to open 50 stores within the next five years. National

K&G Fashion Superstore 19,000 22,000 1,300 15 Likes 10 year deals with options National

Lacoste 1,400 2,000 93 15 National

Last Call - Neiman Marcus Outlet

15,000 30,000 28 0 National

Levi Strauss & Co. 4,000 6,000 50 2 National

Little Labels 3,000 5,000 38 5 National

Longchamp 1,000 5,000 100 2 National

Lucky Brand Jeans 2,500 4,000 224 62Likes 10 year deals with options. Lucky Brand Jeans, which currently has 177 stores and 47 outlet stores, is expected to open 62 new outlet store locations in 2013. Lucky requires 2,500 to 3,000 SF.

National

Marshalls 30,000 31,000 872 10 Marshalls will continue to grow it's chain throughout the United States. Average SF is 30,000. National

MAX 10 / Frayed 4,000 8,000 38 4 A vanilla shell is required. Eastern US

Melrose Family Fashions 10,000 15,000 105 15 Typically signs 5 year deals with options. Looking for space in southwest US from TX to CA. Western US

Michael Kors 2,500 3,000 153 10 Among the most recently announced new stores is a new location in Albuquerque NM. National

Michael Stars 1,500 2,000 12 1 California

Muji 2,000 3,000 1 10This Japanese retailer of apparel and home goods recently opened its first store in downtown San Jose. Though they have not released plans, we anticipate strong growth ahead--likely in major markets or starting on the west coast.

Western US

Nordstrom Rack 35,000 40,000 119 24

Some 24 new Rack locations are planned for this year, with more than 30 expected in 2014. The company is looking to double its Rack portfolio, from its current 119 locations to more than 230 stores over the next four years. Nordstrom announced plans to open a Nordstrom Rack in Louisville, Ky, Chicago IL and Jacksonville FL. Nordstrom is also expanding its presence in Florida. It will open a Nordstrom Rack in the Sarasota-Bradenton metro area.

National

Oilily 2,000 5,000 33 1 National

Old Navy 15,000 19,000 957 30 Old Navy will account for the lion's share of the Gap's growth for now. National

Original Penguin Clothing 2,500 3,500 50 5 National






Papaya Clothing 2,000 5,000 72 5 National

Paul & Shark Yachting 2,000 5,000 5 1 National

Pay/Half 1,800 20,000 45 10 Likes 10 year deals with options Northeast US

Peace Frogs 100 800 41 5

Peace Frogs operates 41 locations throughout DE, FL, MA, MD, MI, MO, MS, NJ, SC, TX, VA and Washington, DC. The stores, offering family apparel and accessories, occupy spaces of 100 sq.ft. to 800 sq.ft. in tourist centers. Growth opportunities are sought throughout CA and the Caribbean during the coming 18 months. Typical leases run two to five years. The company is franchising.

National

Peter Harris Clothes, Label Shopper, Peter Harris Plus

4,000 30,000 59 0 Eastern US

Planet Funk 2,000 2,500 17 5 Prefers regional malls. Western US

Polo Ralph Lauren 15,000 20,000 328 5 Store Count reflects all Polo Ralph Lauren concepts combined. National

Ross Dress For Less 30,000 30,000 998 75Continued strong growth ahead for the off-price apparel chain The company netted 80 new stores last year. We anticipate similar, if slightly slower, growth this year and the only reason we think growth may be slower would be due to fewer prime locations being available.

National

Rue21 4,500 6,000 729 125

The Pittsburgh, PA-based retailer has successfully opened more than 500 stores in the last five years and expects to open another 125 stores in 2013. The fast-growing retailer has and has opened 23 stores so far this year. The company intends to open its 1,000th store in the fourth quarter of 2013, and the companys long term plan is to grow the chain to more than 1,700 stores in the United States.

National

Seven For All Mankind 2,500 3,500 4 2 Average store size is 3,000 SF. National

Sheplers 35,000 45,000 15 2 National

Shoppers World Department Store

50,000 80,000 24 15 National

Sierra Trading Post 10,000 20,000 5 1 Western US

Styles for Less 2,500 3,000 115 15Regional power centers, Malls, and Community centers with fashion junior anchors. In-line, close to soft goods anchors, double door entry, minimum 25 feet of frontage.

Western US

Surf-Style 8,000 12,000 24 3 Looking for locations on the the beach, prefers to purchase. Southeast US

Susie's Deals 4,800 8,000 90 15 Western US

T.J. Maxx 30,000 31,000 956 75T.J. Maxx continues to add stores to its store base across the country. Average size is 30,000 square feet.

National

Talbots 5,500 5,500 516 20Talbots, which requires about 5,500 SF and has 516 locations, will expand conservatively this year after their acquisition by Sycamore Partners. We have been unable to update planned growth numbers since then, so those listed are likely to be higher than what is actualized.

National






Talbots Upscale Outlet 3,000 5,000 100 8

Outlet Malls only. Talbots, which requires about 5,500 SF and has 516 locations, will expand conservatively this year after their acquisition by Sycamore Partners. We have been unable to update planned growth numbers since then, so those listed are likely to be higher than what is actualized.

National

Theory 2,000 5,000 36 1 National

Tilly's 7,000 10,000 168 25

Summer sports clothing and accessories retailer Tillys Inc. opened 29 stores in 2012, increasing square footage by more than 20%. According to CEO: In 2013 we plan to open at least 25 new stores, primarily in new markets, and we continue to identify attractive real estate opportunities that fit our stringent criteria, he said. We ended 2012 with a total of 168 stores, and we still have considerable room to expand in order to reach our long-term goal of at least 500 stores across the country.

National

Timberland 2,000 5,000 750 5 National

Tommy Hilfiger 3,500 6,000 145 20 Prefers outlet malls. National

True Religion Brand Jeans 1,200 2,000 45 22 Look for strong outlet center growth National

UGG Australia 1,200 3,500 11 2 New England

Uniqlo 20,000 25,000 5 30

Uniqlo, currently with just five US stores, plans on opening 20 to 30 stores annually until 2020. New York and San Francisco markets alone are expected to house 20 to 30 locations each. Uniqlo plans on first non-mall location in US, both in New York. One at Westchester Ridge Hill in Yonkers and the other in Nyack at Palisades Center, both in about 24,000 SF

National

Urban Outfitters 10,000 15,000 120 45


National

Van Heusen 2,000 5,000 100 1 New England

Vince 1,600 1,800 3 10 National

William Rast 1,600 2,000 6 5 Major metropolitan locations ONLY! National

Zara 25,000 30,000 47 10Zara plans on ten new US stores this year with a typical size range of 25,000 to 30,000 SF per store. They prefer high end street locations. Last year they opened their largest store at 32,000 SF on Fifth Ave in New York.

National






Bachrach 3,500 4,500 40 5 Likes 10 year deals with options. Prefers regional malls. National

Brooks Brothers 2,500 10,000 203 10Major Metropolitan Areas are preferred. Expansion rates include 5 stores per year for Retail and 5 stores per year for Factory. Site criteria can depend on the Demographics of the area.

National

Casual Male XL 3,500 4,000 372 0

Casual Male is phasing out the Rochester Big & Tall and Casual Male concepts and converting them to Destination XL. Destination XL, formerly Casual Male, currently has 410 locations. They plan to infill growth while converting to the new brand. They plan on 60 new locations in 2013 and up the number to 65 new locations in 2014.

National

Destination XL 8,000 12,000 410 60

Casual Male is phasing out the Rochester Big & Tall and Casual Male concepts and converting them to Destination XL. Destination XL, formerly Casual Male, currently has 410 locations. They plan to infill growth while converting to the new brand. They plan on 60 new locations in 2013 and up the number to 65 new locations in 2014. The company expects to have between 105 and 112 DXL stores open by the end of the fiscal year, from its current 48 stores. The company has set a goal of 215 to 230 DXL stores by 2016.

National

Hickey-Freeman Factory Stores

3,000 6,000 5 1 National

Jos. A. Bank Clothiers 4,000 5,000 572 40

Jos. A. Bank operates 572 locations nationwide throughout 44 states. The stores, offering mens tailored and casual apparel, footwear and accessories, occupy spaces of 4,000 sq.ft. to 5,000 sq.ft. in lifestyle and specialty centers, as well as urban/downtown areas. Growth opportunities are sought throughout AL, AR, FL, LA, MS, NC, SC and TN during the coming 18 months, with representation by Katz & Associates. Typical leases run 10 years. A vanilla shell and specific improvements are required. Preferred cotenants include Ann Taylor, Ann Taylor Loft, Coldwater Creek and Chicos. Major competitors include Brooks Brothers.

National

Louie's Tux Shop 1,000 1,500 8 2 Likes 10 year deals with options Indiana

Men's Wearhouse 4,500 6,000 1,300 10 Likes 10 year deals with options National

MW Tux 1,000 1,500 1,300 10 Likes 10 year deals with options Eastern US

My.Suit 3,000 4,000 4 1 Mid-Atlantic

Perry Ellis 2,500 2,600 47 10 Prefers outlet malls. National

Prato Men's Wear Outlets 2,500 3,000 11 0 Typically writes 12 to 15 year deals Mid-Atlantic

Rochester Big and Tall 6,000 7,000 19 0

Casual Male is phasing out the Rochester Big & Tall and Casual Male concepts and converting them to Destination XL. Destination XL, formerly Casual Male, currently has 410 locations. They plan to infill growth while converting to the new brand. They plan on 60 new locations in 2013 and up the number to 65 new locations in 2014.

National

Zegna 3,500 5,000 253 1 National


13

MENSAPPAREL:





50 East Shoes 8,000 15,000 1 2 National

Abbadabba's Cool Shoes 1,000 2,500 5 1 Georgia

Adidas 15,000 50,000 19 1 Likes downtown sites. National

Aerosoles 1,200 2,000 150 1 Both coasts

Aldo 1,500 2,000 279 50 National

Allen-Edmonds Shoes 1,000 2,000 31 32 National

Athlete's Foot 1,000 2,400 640 50 Franchisee goal listed. National

Boot Barn 8,000 12,000 86 5 Prefers sites with high visibility. Western US

Bostonian/Clarks Outlet 2,000 3,000 250 25 Expansion limited to major malls and outlet developers only at this time. National

Bull Run Boots 3,000 4,000 1 2 Virginia

Cavender's Boot City 15,000 20,000 50 5 Likes freestanding retail buildings. National

CCS 2,000 3,000 16 0Foot Locker will close 88 underperforming locations including all 22 CCS skatewear stores, as it has opted to operate the concept as a digital-only business.

National

C'est Shiekh 3,000 3,100 111 5 Likes 10 year deals with options. Prefers regional malls. Western US

Champs Sports 2,500 5,500 536 1 Likes 10 year deals with options Eastern US

Charles David 1,000 1,200 19 5 Likes 10 year deals with options National

Clark's 2,300 2,500 178 5 Looking to grow in super regional malls and tourist centers within major markets. National

Cole Haan 3,000 4,000 100 22 National

Crocs 1,500 2,500 20 50 Likes 10 year deals with options National

DSW 18,000 21,000 327 40Typical DSW stores are approximately 25,000 sq ft, with over 85% of total square footage used as selling space.

Northeast US

Easy Spirit 1,000 2,000 87 3 Eastern US

Fabco Shoes 3,000 5,000 60 5 Mid-Atlantic

Famous Footwear 4,500 6,000 1,100 50 Typically signs 5 year deals with options. Eastern US


14

ShOESAPPAREL:

Retailer Expansion Guide Spring 2013 APPAREL: ShOES




Finish Line 3,500 5,000 676 25

For 2013, the Company expects to accelerate its investments, with plans to spend between $80.0 million to $90.0 million. Of that amount, approximately $14.0 million to $17.0 million is intended for the construction of approximately 25 to 30 new Finish Line stores, and approximately $28.0 million to $30.0 million is intended for remodeling or expanding 35 to 40 existing Finish Line stores with newly-developed store prototype designs and additional brand shops.

National

Foot Locker 3,500 4,500 1,136 0Foot Locker will close 88 underperforming locations including all 22 CCS skatewear stores, as it has opted to operate the concept as a digital-only business. We anticipate more closures than openings for the namesake concept as well. Likes 10 year deals with options.

National

Foot Solutions 1,000 1,500 246 2Prefers locations in urban markets and high density strip centers. Minimum 15 feet of frontage. Normally located in upscale strip centers with ease of access and good visibility, conveniently located geographically.

National

Footaction 40,000 5,000 304 1 Likes 10 year deals with options Florida

Happy Feet Plus 1,300 2,000 9 1 Florida

Johnston & Murphy 1,300 2,000 109 5 National

Journeys 1,500 2,000 808 25 Eastern US

Kids Foot Locker 2,000 3,000 291 5 Likes 10 year deals with options Western US

Lady Foot Locker 2,000 3,000 353 1 Likes 10 year deals with options Georgia

Lamey-Wellehan Shoes 5,000 6,000 6 1 New England

Lebo's 5,000 7,000 8 2 Carolinas

Marmi Shoes 2,000 5,000 30 1 Prefers outlet malls. National

Mr. Alan's Shoes & Sportswear

8,000 15,000 11 2 Likes downtown sites. Florida

Naturalizer 1,200 2,000 225 2 Eastern US

Nike, Converse 1,200 1,500 100 10 National

Nine West 1,000 2,000 200 6Targeting locations nationwide in high end downtowns and regional malls exceeding $500 psf. Major MSAs only.

National

Off Broadway Shoe Warehouse

18,000 22,000 75 12Must be regionally accessible in proximity to large concentrations of retail and in densely populated areas with high traffic counts, great visibility and access. The ideal store will have at least 100 feet of frontage and 150 feet of depth.

Midwest

Olly Shoes 1,200 2,000 17 1 Mid-Atlantic

Payless ShoeSource 2,500 3,500 3,513 0 Requires a minimum of 30 feet of frontage, in-line locations are preferred over outparcels. National

Rack Room Shoes 6,000 8,000 400 30 Select national growth across multiple markets. National

Red Wing Shoe 1,500 2,000 425 25 Likes 3 to 5 year deals with options. National


Retailer Expansion Guide Spring 2013 APPAREL: ShOES




Reebok 15,000 50,000 500 10 National

Run On! 2,000 2,400 6 1 Needs at least 1 acre parcels Texas

Salvatore Ferragamo 2,000 4,000 51 2 Upscale only. National

Shi by Journeys 2,000 2,500 54 0 Prefers regional malls. National

Shoe Carnival 8,000 12,000 318 35In fiscal 2013, the company said it expects to open 30 to 35 new stores, relocate seven stores and close five to seven stores.

National

Shoe City 3,000 5,000 45 2 Typically takes 3.0 acres or less. Usually signs 5 year deals with options. California

Shoe Dept 5,000 15,000 1,130 35 National

Shoe Fly Shoe, Inc. 5,000 7,000 7 1 Typically signs 5 year deals with options. Mid-Atlantic

Shoe Mill 2,500 2,600 7 1 Prefers 2,500 square feet. Pacific Northwest

Shoe Sensation 4,800 6,000 82 10 Likes 3 to 5 year deals with options. Eastern US

Shoe Show 3,000 15,000 1,130 35 National

Shoe Woo 2,200 2,700 3 2 Prefers regional malls. National

Shoebox New York 1,200 1,500 15 1 Likes 10 year deals with options Northeast US

Skechers 6,000 10,000 400 10 National

Sperry Top Sider 1,500 2,500 500 1 National

Steve Madden 1,600 3,000 82 2 Mid-Atlantic

Stride Rite 1,200 1,500 383 10Prefers regional malls. We expect closings will offset these growth numbers this year as the company gets rid of underperformers as leases expire. We would be surprised to see a net gain, though their outlet division likely will grow.

National

Stride Rite Outlets 2,500 3,500 80 5 Prefers outlet malls. National

Super Shoes 15,000 15,000 43 1 Northeast US

Takken's Shoes 1,200 1,500 22 2 Vanilla Shell required. California

Walking Company 1,000 5,000 209 5 Virginia

Warehouse Shoe Sale 7,000 14,000 54 5 California






A Pea In The Pod 1,500 8,000 39 3Likes 10 year deals with options. Growth opportunities are sought nationwide during the coming 18 months.

National

Alfred Angelo Bridal 3,800 5,500 65 2 Eastern US

Al's Formal Wear 1,000 1,500 100 5

Formal Specialists, Ltd. trades as Als Formal Wear at 100 locations throughout AR, CO, LA, MS, OK and TX. The stores, offering tuxedos and mens formal wear, occupy spaces of 900 sq.ft. to 1,500 sq.ft. in malls and power centers. Growth opportunities are sought throughout AR, CO, LA, MS, OK and TX during the coming 18 months. Typical leases run five years with options.

Southeast US

Brenner Bridals 7,000 10,000 4 2 Likes 10 year deals with options Florida

Brides By Demetrios 5,000 7,000 37 1Will consider locations up to 10,000 sq. ft. Likes to be near Super Regional Malls with good visibility to the Freeway.

National

David's Bridal 5,000 12,000 325 10 Prefers end-cap locations and close proximity to regional malls. National

Destination Maternity 3,000 11,000 64 7Combo Stores have an average of 2800 SF and prefer to be in the mid-priced range and located in Regional malls and life style centers. Superstores range from 4,000 - 11,000 SF and Average 6,700 SF and prefer to be located in Outdoor malls, Power Centers

National

Isis Maternity 6,000 6,000 4 1 6000 square foot locations preferred. New England

Life Uniform 1,800 2,500 187 12 National

Motherhood Maternity 1,500 2,000 434 5 Prefers Moderate Regional Malls, Strips and Power Centers and Central Business Districts. National

Mother's Work 1,200 3,000 1,000 10 National

Priscilla of Boston 6,000 12,000 11 6 Prefers to be with luxury retail. National

Work 'N Gear 3,000 4,000 45 1 Likes 10 year deals with options. Prefers regional malls. Eastern US


17

SPECIALTyAPPAREL:





579 1,800 3,000 1,100 50 Prefers regional malls. National

10 Spot/ Madrag 4,000 5,000 53 5Minimum of 40 foot storefront. Aggressively looking for acquisitions. Three year growth plan includes opening an additional 15 stores or 5+ stores per year.

Eastern US

aerie 2,000 2,500 0

American Eagle Outfitters will open about 50 new stores this year, most of which will be in Outlet form. The Outlet division plans to reach 150 stores and is currently at 115. They will also be closing 25 to 40 locations this year. aerie, the lingerie and intimates division will be downsized by 15 to 20 stores this year.

National

Afaze 1,200 2,500 10 2 Prefers regional malls. New Jersey

Agent Provocateur 5,000 6,000 12 1 Both coasts

Ann Taylor/Ann Inc./Loft/ 4,500 8,000 943 35Ann Inc.s Loft Outlet, Outlet, Ann Taylor and Ann Taylor Factory plan 92 to 150 new stores over the next few years. Loft Outlet and Loft, the lower price point divisions, need 5,500 to 8,000 SF and Ann Taylor and Ann Taylor Factory need only 5,000 to 5,500 SF.

National

Anne Fontaine 800 1,000 26 1 National

Annie Sez 12,000 20,000 42 1 New Jersey

Apricot Lane Boutique 1,500 3,000 60 12 Western US

Arden B 1,500 3,100 84 3 National

Aritzia 4,000 6,000 5 2The Canadian retailer opened its first U.S. store at Bellevue Square several years ago and has since added locations in San Francisco, Chicago and New York City. It just opened another Seattle area store in early 2013. Growth numbers here are our estimates.

Major Markets

Ashley Stewart 3,500 4,500 206 10 National

Avenue 4,500 4,500 300 0The Avenue closed 96 stores last year after being acquired by Versa Capital Management LLC. They currently operate 300 stores and require 4,500 SF.

National

B. Moss Clothing Co. 3,500 5,500 74 4 Likes 10 year deals with options. National

Barami 2,500 2,500 5 2 Eastern US

Bare Necessities 2,000 2,500 3 2 Northeast US

bebe/2b bebe 3,600 5,000 250 10bebe is adding 10 new stores to its current 250 locations. 2b bebe is opening seven of its own stores. bebe requires 3,600 to 5,000 SF, while 2b bebe needs around 5,000. Most of this years growth will be focused on outlet centers.

National

Bijoux Bellagio 600 1,000 5 1 National


18

WOMANSAPPAREL:

Retailer Expansion Guide Spring 2013 APPAREL: WOMANS




Blues Jean Bar 1,200 3,500 16 2 Colorado

Body Central 2,000 4,000 276 25Following a year of rapid expansion, specialty apparel retailer Body Central said it will pare new store growth to 25 units in 2013 from 39 openings last year.

National

Bolton's 1,800 20,000 21 10 Likes 10 year deals with options Eastern US

Bon Worth 1,300 1,800 310 20

Deals range from 1 to 3 years. Looking to grow east of the Rockies in 2013. Likes spaces of 1,300 sq.ft. to 1,800 sq.ft. in grocery-anchored strip centers and 1,300 sq.ft. to 3,000 sq.ft. in enclosed malls. Growth opportunities are sought throughout the eastern, Midwestern and southern regions of the U.S., excluding FL.

Eastern US

Boston Proper 2,000 2,000 0 140

Chicos FAS introduces its new Boston Proper division, which will help open 140 new stores in 2013. Chicos FAS also includes White House/Black Market and Soma Intimates has plans in the open 120 stores annually over the next few years. Boston Propers first stores will open in Florida in about 2,000 SF. White House/Black Market, which requires 3,000 to 3,500 SF, will open 60 stores and Soma Intimates, which requires 2,200 SF, will open 45 new stores, while Chicos will open 30 new stores and need 3,000 to 3,500 SF.

National

Bra Smyth 1,500 4,000 3 1 National

C.J. Banks 3,200 4,500 171 0C.J. Banks opened one store last and has no plans to open any this year. Currently C.J. Banks has 171 stores and requires 3,200 to 4,500 SF. Along with its affiliate Christopher & Banks, C.J. Banks have long term plans to increase their 25 outlet locations to over 200 locations.

National

Cache / Cache Luxe 1,800 2,000 281 2 National

Catherine's 4,000 5,000 464 10


National

Cato Fashions 3,000 10,000 1,300 50 Midwest

CH Carolina Herrera 3,000 3,500 9 2 National

Chanel 3,000 15,000 10 1 Likes downtown sites. National

Charlotte Russe 5,500 6,000 506 20 Likes 10 year deals with options National

Chico's 3,000 3,500 651 30


National

Christopher & Banks 3,000 3,500 506 30 Likes 10 year deals with options National

City Gear 3,500 4,500 20 5 National

Coldwater Creek 4,500 4,500 345 0Likes 10 year deals with options. Coldwater Creek, currently has 345 locations, 38 outlets and nine day spas, is reducing its from 5,700 to 4,500 SF.

National






Danice Stores 6,000 8,000 26 3

Danice Stores, Inc. trades as Danice Stores at 26 locations throughout NJ and NY. The stores, offering discounted womens apparel, occupy spaces of 6,000 sq.ft. to 8,000 sq.ft. in power centers and downtown areas. Plans call for three openings throughout NY during the coming 18 months. Typical leases run 15 to 20 years.

Mid-Atlantic

De Janeiro Stores 2,500 3,500 8 2De Janeiro Stores, Inc. trades as De Janeiro at seven locations throughout NY. The womens apparel stores occupy spaces of 2,500 sq.ft. to 3,500 sq.ft. in urban/downtown areas. Growth opportunities are sought throughout New York, NY during the coming 18 months.

NYC Metro

Deb Shops 6,000 8,000 305 5

Deb Shops SDP, Inc., trades as Deb at 305 locations nationwide, excluding AK, CA, FL, GA, HI, MS and NV. The stores, offering juniors and womens apparel in sizes from 0 to 26, along with footwear and accessories, occupy spaces of 7,000 sq.ft. to 8,000 sq.ft. in malls, outlet and power centers. Growth opportunities are sought throughout the existing markets during the coming 18 months.

National

Diabless 1,500 1,500 2 1 Likes downtown sites. National

Discovery Clothing 10,000 15,000 29 3

Discovery Clothing operates 29 locations throughout FL, IL, IN and WI. The stores, offering womens and juniors trendy, casual and active apparel and footwear, occupy spaces of 10,000 sq.ft. to 15,000 sq.ft. in regional shopping centers. Growth opportunities are sought throughout Broward and Miami-Dade counties in FL during the coming 18 months,

Florida

Dots Fashions 4,000 6,000 410 40 National

Dressbarn Combination Stores

7,000 8,000 840 25


National

Easy Pickins 3,500 3,500 27 2

Easy Pickins operates 27 locations throughout NJ, NY and PA. The stores, offering womens apparel, footwear and accessories, occupy spaces of 3,500 sq.ft. in malls, power and strip centers, and urban/downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months.

Northeast US

Easy Spirit Outlet 2,000 3,000 200 6 Prefers outlet malls. National

Fashion Barn 4,000 6,000 9 2 New England

Fashion Plaza 3,500 5,000 1 0 California

Fashion Trend 2,500 3,000 320 20 Southeast US

Fashion Warehouse 10,000 20,000 15 0 DC Metro

Francesca's Collections 1,300 1,500 279 80Francesca's Holdings Corp. reported that net earnings in the fourth quarter rose 78% to $14.9 from $8.4 million in the same quarter last year. The company also said it plans to open 80 stores in fiscal year 2013.

National

Gilly Hicks 2,000 4,000 18 0


National

Hi-Lites 2,000 3,000 17 1 Typically signs 3 year deals. Carolinas






Holiday's Fashions 6,000 11,000 27 5 Prefers 7,500 square feet with 60 feet of frontage. Southeast US

Hot Mama 2,500 3,000 30 15

Fast-growing retailer Hot Mama has doubled in size over the past two years, and its gearing up for another wave of expansion that will push it further beyond its Midwest roots. The Edina-based chain, which sells clothes to fashion-forward moms between 25 and 50 years old, soon will add 12 boutiques to its current total of 30. It had just 17 locations two years ago

National

Intermix 4,000 6,000 22 1 National

It's Fashion Metro 7,000 10,000 215 40Premier lifestyle centers, enclosed regional malls and power centers. Regional locations in high-traffic shopping centers with limited barriers to trade area draw. Minimum of 60 feet of frontage.

National

JigSaw 1,800 3,200 7 3 Likes downtown sites. Northeast US

Jones New York 3,000 4,000 144 5 Prefers outlet malls. National

Joyce Leslie 8,000 7,500 50 5

Joyce Leslie, Inc. trades as Joyce Leslie at 50 locations throughout CT, NJ, NY and PA. The stores, offering juniors apparel, occupy spaces of 7,500 sq.ft. in malls and strip centers. Growth opportunities are sought throughout DE and MD during the coming 18 months. Typical leases run five years with options. A vanilla shell and specific improvements are required. Preferred cotenants include Target and Walmart.

Mid-Atlantic

Juicy Couture 2,500 7,500 133 34 Likes 10 year deals with options National

Kasper 3,000 4,000 88 3 Prefers outlet malls. National

Kate Spade 2,500 3,000 73 45Likes 10 year deals with options. Kate Spade is adding 40 to 45 new stores in 2013, essentially doubling last years growth total of 21. The chain is looking to grow primarily at outlet centers and malls and uses between 2,500 and 3,000 SF of space.

National

Kenneth Cole New York 1,800 5,500 80 5 Likes 10 year deals with options. Prefers regional malls. National

Lane Bryant 5,000 5,000 827 30

Lane Bryant, which requires 5,000 SF, looks to finish the year with 30 new stores. 2013 is the first year in many, that Lane Bryan will open more new stores than they closed. Along with Lane Bryant Outlet, they will be relocating many mall locations to strip centers, while also planning on increasing the number of stores from 815 to 1,000.

National

Le Civette 1,500 1,500 0 10

Le Civette is opening its first US store in May on Madison Ave in New York. The second will open later this year in Long Island. They plan on adding ten more locations in the greater New York area over the next 18 months. Le Civette would also like to hit Boston, Chicago, Miami and Washington DC markets. They like their stores to be around 1,500 SF and surrounded by upscale designer apparel chains.

National

Lilly Pulitzer 1,500 2,500 70 1 National

Limited Brands 1,500 5,000 2,600 10The Limited introduced Eloquii, its plus sized division, plans its first locations this year after starting online and in store plus size departments.

National

Long Tall Sally/Tall Girl Shop 2,000 2,200 14 1 Pop up stores are scheduled thru-out the year in a variety of places. National

Lorna Jane 1,500 3,500 111 16Lorna Jane is adding 16 new locations this year, more than doubling its current number of 11 locations in the US. With all current locations in California, they are looking to expand to Colorado and Oregon. Their typical store size is 1,500 SF.

Western US






Madewell 3,000 4,000 41 17


National

Maidenform 2,200 2,200 76 5

Maidenform operates 76 locations nationwide and in Puerto Rico. The stores, offering womens undergarments, as well as day wear and sleep wear items, occupy spaces of 2,200 sq.ft. in lifestyle and outlet centers. Growth opportunities are sought nationwide, excluding the Midwestern region, during the coming 18 months. Typical leases run five years. A vanilla shell and specific improvements are required

National

Mandee Shops 4,000 6,000 117 1 New York

Maurices 5,000 5,500 803 60


National

Mexx 2,500 4,000 386 32 Likes 10 year deals with options National

New York & Company 3,500 5,000 550 18

New York & Co. has plans to open 18 new stores this year, all but one being an outlet store. Long term it looks to increase the number of outlet store from 44 to 75 while reducing store sizes from 7,500 to a range of 3,500 to 5,000. NY & Co. also plan to end the year with no more than 520 stores after closing as many as 34 stores, in addition to remodeling 13 stores.

National

New York New York, the Clothing Company

3,500 4,000 6 4 Looking to grow in existing markets of TN and TX as well as expand into FL. Southeast US

Piazza Sempione 2,000 5,000 6 1 National

Rainbow/Rainbow Plus/Rainbow Kids

4,000 10,000 900 30Looking to expand in existing markets which may include communities that are adjacent to Metro/Urban markets. i.e., less than 50 miles away. H&R Retail is seeking 4,000 - 10,000 SF buildings.

Mid-Atlantic

Scoop 2,000 5,000 11 2 National

Simply Fashions 2,500 3,000 320 20 National

Soma by Chico's 2,000 2,000 76 45


National

Stella Laguna Beach 1,200 1,500 3 3 Looking to grow at lifestyle centers in So Cal and Central Valley California

Strawberry 1,800 20,000 35 10 Likes 10 year deals with options Northeast US

Tahari Outlet 2,500 3,500 13 1 Prefers outlet malls. National

Talk of the Walk 1,600 2,000 6 1 Desired locations are within tourist centers in resort areas. National






Topshop 50,000 60,000 4 5

Britains Topshop is planning on increasing its U.S. presence. The fashion chain plans to open 10 additional stores in the United States over the next two years, according to the New York Daily News.Britains Topshop is planning on increasing its U.S. presence. The fashion chain plans to open 10 additional stores in the United States over the next two years, according to the New York Daily News. There are currently four U.S. Topshop stores, with the most recent being a flagship at The Grove in Los Angeles. The 25,000-sq.-ft. store carries the retailer's full range, including its Topman brand for men.

National

Torrid 2,500 2,500 186 40Likes 10 year deals with options. Torrid plans 40 new locations with bigger plans to increase their total number to 600. Currently operating 186 stores, they look to relocate ten to 15 mall locations to strip centers. Torrid requires about 2,500 SF.

National

Vera Bradley 1,000 2,800 64 20

Vera Bradley is exploring new markets with most of its 20 new stores. Arizona, Florida, New York, North Carolina, Oklahoma, Pennsylvania, Tennessee, Texas and Virginia will see 18 1,000 to 2,800 SF stores. Currently at 64 stores, Vera Bradley plans to expand to 300 stores in future. Most of the chains current growth is focused on outlet centers and malls.

National

Victoria's Secret 5,000 15,000 1,018 9 Likes 10 year deals with options National

Vogue Couture 1,200 3,000 1 1 National

Wet Seal 1,800 4,000 468 30 National

White House/Black Market 3,000 3,500 347 60


National

Windsor Fashions 3,200 5,000 70 5 Likes 12 year deals with options. Likes regional malls. National

Wolford 1,000 1,200 22 5 Likes 10 year deals with options National






Aamco Transmissions 4,000 5,500 800 40 Typically signs 5 year deals with options. Likes freestanding retail buildings. National

Abra Auto Body & Glass 8,000 15,000 98 12 Likes freestanding retail buildings. Midwest

Advance Auto Parts 6,000 7,000 3,645 110 Needs at least 1 acre parcels National

America's Tire 5,000 10,000 724 5 Likes freestanding retail buildings. Western US

Audio Express 4,000 5,000 38 2 Midwest

Autobell Carwash 3,000 35,000 64 5 Needs at least 1 acre parcels Southeast US

Autotire 5,000 10,000 26 1 Likes freestanding retail buildings. Eastern US

AutoZone 6,000 8,500 4,551 160 National

Battery Giant 1,200 1,400 9 1 Arizona

Baxter Auto Parts 3,000 5,000 33 1 Likes downtown sites. Western US

Brake Check 3,500 4,500 50 10 Needs at least 1 acre parcels. Prefers freestanding retail buildings. Southeast US

Carquest Auto Parts 6,000 10,000 3,400 10 Eastern US

Carsmetics 5,000 8,000 18 1 Likes freestanding retail buildings. Northeast US

Car-X 5,000 5,500 165 1 Needs parcels of up to .75 acres. Prefers freestanding retail. National

Christian Brothers Automotive

25,000 35,000 88 15 Likes freestanding retail buildings. National

Consumer Auto Parts 6,000 9,000 42 3 New England

Cottman Transmission Center

2,500 4,000 410 50 National

Discount Tire Co. 5,000 10,000 724 5 Likes freestanding retail buildings. National

Dobb's Tire & Auto Center 5,000 10,000 38 1 Missouri

ExpertTire 8,000 8,100 2,200 75 National

Express Car Wash 3,500 7,000 12 2 National

Express Oil Change 3,500 4,000 177 15 Likes freestanding retail buildings. Southeast US


24

AUTOMOTIvE

Retailer Expansion Guide Spring 2013 AUTOMOTIvE




ExxonMobil 2,000 5,000 800 2 Georgia

Firestone Complete Auto Care

8,000 8,100 2,200 75 National

GoodYear 5,000 5,000 1,700 5 Needs at least 1 acre parcels National

H-1 Auto Care 3,500 6,000 32 2 Likes freestanding retail buildings. Virginia

Honest-1 Auto Care 4,000 6,000 24 9 Likes 10 year deals with options. Prefers freestanding retail. Southeast US

Jiffy Lube 30,000 30,000 2,000 5 Needs at least 1 acre parcels. Prefers freestanding retail buildings. Texas

Kauffman Tire 5,000 10,000 55 1 Florida

Lentz USA Service Center 3,000 4,000 18 5 National

Les Schwab Tire Center 10,000 15,000 400 5

Likes freestanding retail buildings. Les Schwab Tires is looking to expand in the Western US, though will likely do so on a slow, but steady, basis. They prefer to buy, rather than lease and need buildings of roughly 11,000 SF with appropriate acreage for parking. We anticipate total growth in the range of about five to ten new units.

National

MAACO Collision Repair & Auto Painting

8,000 10,000 500 50 Needs at least 1 acre parcels. Likes 15 year deals with options. National

Meineke Car Care Centers 3,000 4,500 900 45 National

Midas 3,500 6,000 1,468 10

Midas International Corp. looking for 2013 growth opportunities primarily in the DFW and Houston metro markets, Northern CA., Arizona, Florida, Illinois, MN. Existing buildings preferred, 3,500 to 6,000 sq. ft. - end caps, existing auto repair buildings, industrial or commercial buildings with high ceilings, auto business buy-out, freestanding pads, land. Land Size: 16,000 to 30,000 sq ft. Franchise Company. Building lease, Build-to-Suit lease, or purchase. 30,000+ population/three mile radius, traffic count 20,000+, retail oriented arterials, national/regional/neighborhood type retailers nearby. Zoning compatible with Auto Repair Services.

National

Monro Muffler 4,500 8,000 805 50 Likes freestanding retail buildings. National

Mountain View Tire 4,500 5,500 1 1 Needs at least 1 acre parcels. Prefers freestanding retail buildings. California

Mr. Clean Car Wash 65,000 110,000 15 10 Typically takes 3.0 acres or less. National

NAPA Auto Parts 5,000 7,000 6,000 50 Needs at least 1 acre parcels. Typically signs 5 year deals with options. National

O'Reilly Auto Parts 7,000 7,500 3,613 150 Usually likes 10 to 15 year deals with options. National

Pennzoil-Quaker State 5,000 10,000 1,000 5 Texas

Pep Boys Auto 5,000 15,000 750 85Pep Boys recently opened their new format in Tampa that offers an upgraded retail experience and free Wi-Fi. It remains to be seen how many of these new concept stores will be a part of their current development push.

National

Plaza Tire Service 4,000 6,000 51 5 Needs at least 1 acre parcels. Prefers freestanding retail buildings. Eastern US

Precision Lube Express 2,500 5,000 420 5 National


Retailer Expansion Guide Spring 2013 AUTOMOTIvE




Riebe's Auto Parts 4,000 6,000 20 10 Likes freestanding retail buildings. California

SpeeDee Oil Change & Tune-Up

3,500 5,500 127 25 Purchase, Build-to-Suit or building lease. Prefers freestanding retail. National

Splash Car Wash 4,000 9,000 17 8 Likes freestanding retail buildings. Northeast US

STS Tire & Auto Center 6,000 6,000 115 5 Eastern US

Sturdevant's Auto Supply 7,000 7,500 41 1 Likes freestanding retail buildings. Midwest

Sullivan Tire and Auto Service

4,500 10,000 100 5 Northeast US

Tilden For Brakes Car Care Center

2,500 5,000 61 10 Likes second generation space. National

Tire Choice & Total Car Care 6,000 8,000 28 5 Needs at least 1 acre parcels Florida

Tires Plus Total Care 6,000 8,000 28 5 National

Town Fair Tire 7,000 10,000 85 2 New England

Tuffy Auto Service Center 3,800 6,000 475 15 Needs at least 1 acre parcels. Prefers 10 to 20 year ground leases. Southeast US

Valvoline Instant Oil Change 1,800 2,400 800 50 Needs at least 1 acre parcels National

Wheel Works 8,000 20,000 44 2 California






Art of Shaving 1,500 3,000 88 11 National

Bare Escentuals 1,000 2,000 52 1 National

Bath & Body Works 2,300 2,300 1,600 7Likes 10 year deals with options. Bath & Body Works will not see much growth in 2013 as they focus on international growth. They require about 2,300 SF.

National

Beauty Center 3,500 4,000 5 1 National

Beauty Systems Group 1,800 2,500 1,124 50 Typically signs 5 year deals with options. National

Body Shop, The 800 1,000 1,000 10The Body Shop, which requires 800 to 1,000 SF, operates 2,700 stores worldwide. They plan to enter new markets outside the US.

National

Christian Dior 800 4,500 48 10 National

Cosmo Prof Beauty 2,500 2,700 1,000 10 Western US

Essentials and Essentials Plus

1,200 3,000 11 1 Likes 10 year deals with options. Prefers regional malls. New York

Fresh 1,000 2,500 15 1 National

Harmon Discount / Harmon Face Values

5,000 6,000 45 1 Mid-Atlantic

L'Occitane 600 2,000 173 13

LOccitane expects 13 new stores for 2013, the same number of new stores as it opened last year. With 170 current locations, they need anywhere from 600 to 2,000 SF depending on the store type. They can open a smaller store in airports or the traditional retail store in mall, while the flagships stores top out at 2,000 SF.

National

LUSH Fresh Handmade Cosmetics

650 3,500 105 40Lush plans to open 36 to 40 new US stores. While their traditional retail format requires 650 to 1,200 SF, they have introduced a spa service format which needs about 3,500 SF.

National

Merle Norman Cosmetics 400 1,200 2,000 50 National

Oro Gold Cosmetics 700 1,400 17 35 Prefers regional malls. National

Sally Beauty 1,200 1,800 2,638 110Typically signs 5 year deals with options. Sally Beauty Supply currently operates 2,638 stores and has plans to surpass 3,000 stores, starting with 105 to 130 new stores this year. They prefer five year leases in 1,200 to 1,800 SF.

National

SalonCentric 2,200 3,000 1,300 5 Western US

Sephora 3,500 7,000 280 50Sephora will shift its focus to opening more international stores this year. With 280 traditional stores in the US, they need 3,500 to 7,000 SF and their deal with JC Penney allows them to operate another 270 in-store shops that need about 600 to 800 SF.

National

Top of The Line Fragrances 1,000 1,500 12 2 National

ULTA 10,000 10,000 415 125Likes 10 year deals with options. ULTA will be very active this year. With their 10,000 SF requirement, they plan 125 new stores nationwide, most of which will be on the West Coast and in the Northeast.

National


27

BEAUTy SUPPLIES





American Nails 1,200 2,500 6 2 Florida

Angel Tips Nail Spa 800 3,000 58 10 Northeast US

Aveda 1,500 3,500 200 25 Likes 10 year deals with options. National

Beach Bum Tanning 2,500 4,800 73 5 New York

Beauty Brands Salon Spa Superstore

6,000 9,000 54 6 National

Big League Barbers 1,000 1,200 81 8 National

Boardroom Salon for Men 1,600 2,500 10 1 Texas

Cost Cutters 700 1,200 790 15 Typically signs 5 year deals with options. New England

Custom Cuts 1,000 2,500 41 1 Midwest

Darque Tan 2,500 4,000 106 1 National

drybar 1,500 2,000 3 1 California

Embellish Nails & Boutique 1,800 2,500 2 1 Texas

European Wax Center 1,200 1,400 274 25 National

Exhale Mind & Body Spa 5,000 15,000 14 5 National

Fancier Nail and Spa 1,200 3,000 15 25 Likes 10 year deals with options Eastern US

Fantastic Sams 1,000 1,500 1,400 150 National

Fiesta Salons 700 1,200 150 1 Typically signs 5 year deals with options. Midwest

First Choice Hair Cutters 500 1,000 450 10 Prefers neighborhood centers. National

Floyd's Barbershop 1,000 1,500 56 5 Typically signs 5 year deals with options. Southeast US

Great Clips 1,000 1,200 3,300 125Typically signs 5 year deals with options. Great Clips has about 3,300 existing stores and plans on roughly 200 new locations in each of the next few years. Current plans call for about 20 new locations in 2013 in California alone.

National

Green Tangerine Spa & Salon

2,000 5,500 4 2 New England

Hair Cuttery 1,000 1,200 1,000 50 Eastern US

Hair Party 24 Hours 2,000 3,000 2 2 New York

Hair Salon - Private 1,200 1,500 1 2 Arizona


28

BEAUTy SALON/SPAS

Retailer Expansion Guide Spring 2013 BEAUTy SALON/SPAS




HairMasters 1,000 1,200 310 10 Typically signs 5 year deals with options. National

Happy Nails and Spa 1,500 1,500 60 4 California

Hollywood Tans 1,600 3,000 275 60 National

iStudio Salon 4,500 5,000 4 1 Florida

Jon' Ric International Salon & Day Spa

1,200 6,000 32 10 Southeast US

Knockouts Haircuts for Men 1,000 1,400 44 5 Arizona

LaVida Massage 2,500 3,500 35 1 Florida

Lee Nails & Spa 1,200 2,000 150 50 National

Legacy Nail Spa 1,500 2,500 1 1 Texas

Lemon Tree 1,000 1,200 67 5 Usually likes 10 to 15 year deals with options. Northeast US

Malibu Tan 2,000 2,400 14 5 Texas

Massage Envy 2,500 3,500 862 50 Planned growth goals via franchisees. Eastern US

Massage Heights 2,000 2,400 70 50 Planned growth goals via franchisees. National

MasterCuts 800 2,000 580 50 Typically signs 5 year deals with options. National

Max Tan 2,000 3,000 3 2 Texas

My TIGI Salon & Boutique 1,000 1,200 2 1 Prefers regional malls. Virginia

Natural Body Spa and Shop 1,000 2,500 15 1 Likes freestanding retail buildings. National

Origins 8,000 8,500 9 1 National

Palm Beach Tan 3,000 3,000 190 28 National

Perfect Look Hair Fashions 1,000 1,500 86 10 Western US

Philip Pelusi & Pelusi 2 Hair Salons

1,000 3,000 13 2 Mid-Atlantic

Pigtails & Crewcuts 1,200 1,500 33 2 National

Planet Beach 1,600 1,500 392 50 National

Premier Salons Group 1,200 2,500 375 1 National

Regency Beauty Institute 6,000 6,500 80 1 Texas

Regis Corporation 700 1,200 9,500 10 Typically signs 5 year deals with options. National


Retailer Expansion Guide Spring 2013 BEAUTy SALON/SPAS




Roosters Men's Grooming Center

1,000 1,400 59 1 Georgia

Salon Boutique 10,000 15,000 12 5 Likes 10 year deals with options National

Salonz Beauty Suites 6,000 7,500 4 1 Florida

Sasson Salon 1,000 2,000 14 1 Typically signs 5 year deals with options. National

Sharkey's Cuts for Kids 1,200 1,500 25 1 National

Snippet's Mini-Cuts 1,000 1,500 3 1 Illinois

Sola Salon Studios 6,000 6,500 61 5 Likes 10 year deals with options Texas

South Beach Tanning 1,200 2,000 10 2 Typically signs 5 year deals with options. Florida

Spa Sydell 5,000 7,500 6 2 Georgia

Sport Clips Haircuts 1,000 1,400 800 170This franchise driven chain is looking to expand nationally. It recently has signed deals with franchise developers to add more stores in Ohio and a number of other markets.

National

Style America Hair Care 1,000 2,000 110 50 Typically signs 5 year deals with options. National

Sun Tan City 2,500 3,000 195 25 Typically signs 5 year deals with options. Eastern US

Supercuts 1,000 1,500 2,140 100 Typically signs 5 year deals with options. National

Sweet & Sassy 3,000 4,000 40 30 Prefers lifestyle centers. Mid-Atlantic

Taylor/Brooks Hair Salon 2,500 6,000 1 1 Southeast US

Total Woman Gym & Day Spa

10,000 13,000 15 13Growing both via corporate and franchise locations. California will account for largest amount of growth, but chain is expanding nationally as well.

National

Tricoci University 7,000 10,000 6 1 Illinois

Ultra Tan 1,500 2,500 71 15 Typically signs 5 year deals with options. National

Urban Nirvana 3,000 5,000 10 2 Southeast US

Urbana 3,200 3,600 2 2 National

Venetian Nail Spa 1,200 2,000 128 15 National

V's Barbershop 1,200 1,500 9 1 Arizona

Weave Shop 1,500 1,500 18 0 Illinois

Ziba Beauty 1,500 2,000 12 1 California

Zoom Tan 1,000 1,500 18 60 National






ABC Fine Wine & Spirits 10,000 12,000 180 10 Typically takes 3.0 acres or less. Prefers to purchase. Southeast US

BevMo! 8,000 11,000 115 15 Likes 10 year deals with options Western US

Binny's Beverage Depot 20,000 30,000 24 1 Illinois

Crown Wine & Spirits 5,000 5,000 30 3 Florida

Joe Canal's Discount Liquor Outlet

20,000 25,000 15 1 Likes downtown sites. New Jersey

Kooler Ice 1,000 2,500 3 10 Florida

Lone Star Beverage 1,800 4,000 2 1 Texas

Spec's Liquor 10,000 25,000 90 1 Texas

Total Wine & More 20,000 25,000 71 10Total Wine continues strong growth nationally. We anticipate at least 10 new stores in 2013, though these numbers may increase. The chain recently opened its first stores in the Albuquerque and San Antonio markets.

National

Vino 100 1,000 1,500 49 1 Typically signs 5 year deals with options. National

Virginia ABC 2,000 3,500 300 5 Virginia

Watermill Express 150 300 1,300 50 Southeast US

Wines & More 15,000 25,000 2 2 New England

WineStyles 1,200 2,000 65 50 Typically signs 5 year deals with options. National

XO Liquor 2,500 3,500 5 7 Nevada


31

BEvERAGES





Barnes & Noble 25,000 40,000 705 5

Barnes and Noble will likely open a handful of stores this year and next in new centers--their criteria nowadays is only for top urban or campus environments, lifestyle centers or areas where they are adjacent to theaters and dining. But the chain is planning on closing roughly 350 stores (half) over the next five or six years as leases expire. The number of closures will far exceed new openings for the foreseeable future.

National

Berean Christian Stores 8,000 10,000 19 1 National

BookHolders 8,000 12,000 7 2 Mid-Atlantic

Bookland 3,500 4,500 30 5

Operates throughout AL, AR, FL, GA, IL, IN, KS, KY, LA, MD, MO, MS, NC, NE, NJ, OH, OK, PA, SC, TN, TX, VA, WV and Washington, DC. Growth opportunities are sought throughout the eastern region of the U.S. during the coming 18 months. Typical leases run 10 years with options. Specific improvements and a turnkey are required.

Eastern US

Books-A-Million 12,000 15,000 231 10

Operates throughout AL, AR, FL, GA, IL, IN, KS, KY, LA, MD, MO, MS, NC, NE, NJ, OH, OK, PA, SC, TN, TX, VA, WV and Washington, DC. The book stores occupy spaces of 12,000 sq.ft. to 15,000 sq.ft. in malls and power centers. Growth opportunities are sought throughout the eastern region of the U.S. during the coming 18 months. Typical leases run 10 years with options. Specific improvements and a turnkey are required.

Eastern US

Family Christian Stores 5,000 6,000 300 15 Mid-Atlantic

Gateway Newstands 100 1,000 400 15 National

Half Price Books 9,000 10,000 114 8 Likes 10 year deals with options National

Joe Muggs Newsstands 2,500 3,500 2 1 Likes 10 year deals with options. Prefers regional malls. Eastern US

Lifeway Christian Stores 5,000 8,000 154 10 Southeast US

Mardel's 20,000 22,000 34 2 Typically takes 3.0 acres or less. Likes 10 year deals. Mid-Atlantic

Nebraska Book Company 2,000 4,000 280 10 Prefers college campus sites. National


32

BOOKS





1-800-Flowers.com 1,000 1,200 150 25 Typically signs 5 year deals with options. National

Alley 15,000 30,000 5 1 California

Amy's Hallmark 3,000 4,000 2 1 Southeast US

Brighton Collectibles 1,000 1,500 165 10 National

Brookstone 1,000 4,000 290 2The gadget and gift store chain recently issues layoffs at its corporate HQ and is expected to close more stores than it opens this year. It netted a loss of 16 units last year. Will probably see the same this year.

National

Build A Basket 2,500 4,000 5 1 New Jersey

Build-A-Bear Workshop 2,000 2,500 400 10 Prefers regional malls. National

Candy Bouquet 600 1,200 700 10 National

Cardsmart 2,000 4,000 100 12 Typically signs 5 year deals with options. Eastern US

Coach House Gifts 2,000 5,000 110 5 National

Crabtree & Evelyn 1,200 2,500 75 2 New England

Del Sol 800 1,200 102 12 National

Disney Store 4,000 6,000 337 13 National

Furla 800 1,200 26 5 National

Hallmark 3,500 4,000 3,300 12 Likes 3 to 5 year deals with options. Southeast US

Hickory Farms 700 2,500 600 10 Typically does longer deals. Will consider kiosk space. National

Kirlin's Hallmark 3,000 4,000 95 1 National

Lalique 1,000 1,500 7 2 National

Lynn's Hallmark 3,000 4,000 22 1 Southeast US

Norman's Hallmark 4,000 7,500 38 4 Mid-Atlantic

Old Town Trading Post 3

Documents

ChainLinks Expansion Guide Spring 2013 MidAmerica