Office Depot

1999 Geography of Retailing - Portland
March 1, 1999

Portland Entrances & Exits: Office Depot opened two stores in the area, one each in Salem and Hillsboro. JC Penney's left Lloyd Center Mall, and it has not yet been replaced. Future Shop and Levi's both closed their sites in downtown Portland. Pep Boys entered this market, opening a store in the suburbs. Economy: Portland's metropolitan area is extremely healthy. According to Grubb Ellis, a commercial brokerage and property management firm, the market's overall retail vacancy rate in 1998 was just 4.4 percent, up only one-tenth of a point from 1997. Great for the landlord and great for the city, but not-so-great for the

1999 Geography of Retailing - Washington, D.C.
March 1, 1999

Washington, D.C. Entrances & Exits: Aside from the purchase of Computer City by CompUSA, retailer activity was fairly slow in the beltway. Coupled with the 1997 closure of Incredible Universe and Nobody Beats The Wiz, consumers are facing a shrinking number of retail options. This year will see the opening of two Best Buy stores in Fredericksburg and one Office Depot in Fairfax. Myer Emco is also looking to expand before the new millenium. Camcorders and digital cameras were hot items in '98, report several retailers. Many retailers reported that sales overall of consumer electronics were slightly lower in 1998 from the previous year,

1999 Geography of Retailing - Philadelphia
March 1, 1999

Philadelphia Entrances & Exits: The Philadelphia market saw an influx of retailers into the area, which resulted in some fierce competition for consumers' business. Target added three New Jersey stores (Burlington, Turnersville and Vorhees) and two Pennsylvania stores (Springfield and Langhorne). Circuit City opened one location in Philadelphia, making its presence in the area stronger, as did Best Buy with the addition of its Northeast Philadelphia store. Office Depot and Costco opened sites in West Chester, Pa., and King of Prussia, Pa., respectively. Voorhees, N.J.'s Echelon Mall is now home to Sears. Exton, Pa., will get its own Sears store in October of this

1999 Geography of Retailing - Detroit
March 1, 1999

Detroit Entrances & Exits: Costco hit the Detroit metropolitan area hard in its 1998 fiscal year, with the addition of five stores, spread throughout the city and suburbs. Office Depot opened sites in Saginaw and Benton Harbor, while Circuit City moved into Traverse City. WalMart opened a store in Warren and added three in the metro-Detroit area in the last week of January 1999. The company just got approval to open a store in Troy, K-Mart's hometown. Best Buy continues to be predominant in the area, as does Sears. At the lower-end are Meijer Inc., a combination supermarket, retail and drug store, K-Mart and

1999 Geography of Retailing - Atlanta
March 1, 1999

Atlanta Entrances & Exits: Miami-based BrandsMart USA tantalized Gwinnett County officials with its interest in an "accelerated expansion" in the market, but the company opted to remain in Florida--for the moment, as Atlanta is still a target for future expansion plans. In 1998, CompUSA closed one of three Computer City stores it purchased in the Atlanta market, retooled two Computer City locations as CompUSA stores and additionally opened two new CompUSA locations. Office Depot in November opened stores in Lawrenceville and Woodstock, respectively to the east and north of Atlanta proper, then in December opened a new store in Douglasville, to the west. Circuit

1999 Geography of Retailing - St. Louis & Orlando/Daytona Beach
March 1, 1999

St. Louis Entrances & Exits: The St. Louis retail market reports steady business, with the biggest news being the 1997 departure of Venture Stores. CompUSA kept both of the Computer City stores it acquired open in this region and added one store of its own within the market. Economy: The city rejoiced when Mastercard chose its locale over that of Dallas. Sometime in the middle of this year, it will expand its 1,000-plus employee Global Technology and Operations Center by adding at least 500 new jobs to the region's economy. Outlook: Residents of St. Louis should expect slower growth because of the national slowdown

1999 Geography of Retailing - Sacramento/Stockton/Modesto
March 1, 1999

Sacramento/Stockton/Modesto Entrances & Exits: Fry's Electronics converted an Incredible Universe. CompUSA took ownership of and converted one Computer City site. Office Depot opened a new Stockton store in September. The good guys! remodeled a Modesto store and in July opened a new 30,000-sq.-ft. Audio/Video Exposition store on Arden Way in Sacramento. Retail development in Placerville has picked up. OfficeMax opened there in 1998. Wal-Mart and Target both received separate approvals (pending an adjustment of traffic impact fees) to open locations along Missouri Flat Road on the western edge of Placerville. Target's new Placerville location will be in the proposed 500,000-sq.-ft. Sundance Plaza Shopping Center.

1999 Geography of Retailing - Phoenix
March 1, 1999

Phoenix Entrances & Exits: Office Depot turned up the heat in Phoenix this year, adding five new locations. Among them: Glendale, Mesa, Tempe and two in Scottsdale. Circuit City added a store in the market. Two new CompUSA stores opened and one closed; one former Computer City location became a CompUSA. Costco moved one location and plans to add one by year's end. Economy: The area will see continued growth although at a slower rate than last year. Small business owners are bracing for the slow-down. High-end custom installers will continue to grow, as the new housing market continues to boom. One such retailer,

1999 Geography of Retailing - Cleveland
March 1, 1999

Cleveland Entrances & Exits: The closing of all Sun TV stores opened up a little territory in the very competitive market. Office Depot opened one store in nearby Mansfield. A new high-end store, Audio Visions, opened up in the suburbs to strong acceptance. Major independents include B&B Appliance, Snow Brothers (which moved to a bigger location in November), Hoffmans Audio and Video and Audio Craft. Economy: Business activity was good in industries such as construction but a little less so in manufacturing. Production, particularly in agriculture, was good despite low corn and soy prices. Retail sales remained fairly even in 1998. The Federal Reserve