retail performance florida

Q3 2016 CBRE Research ©2016 CBRE, Inc. | 1

-12.2% -4.5%

-0.8% -0.4%

0.7% 1.6% 1.9% 2.2%

2.7% 2.8%

3.4% 4.1%

4.9% 5.1% 5.1% 5.4%

5.9% 6.8%

7.2% 8.7%

9.4% 9.8% 10.2%

13.9%

-13% -8% -3% 2% 7% 12%

Convenience StoresElectronics Stores

Miscellaneous StoresApparel Stores

Beverage & Snack ShopsDrug, Health & Beauty

Luxury, Jewelry & Accessories StoresBrand Manufacturers

Auto & Marine Parts StoresDepartment Stores

Home Improvement StoresFamily Dining Restaurants

Grocery StoresSporting Goods Stores

Leisure & Entertainment VenuesCasual Dining Restaurants

Off-Price StoresFurniture & Home Furnishing Stores

Fine Dining RestaurantsShoe Stores

Discount & Variety StoresFast Casual Restaurants

Quick Service RestaurantsEntertainment & Dining Restaurants

National data by segment show restaurant revenue growth

was dominate over the trailing twelve month period with

three of the top five performers coming from this industry.

Entertainment and Dining Restaurants saw the largest

uptick in growth, experiencing a 13.9% increase over the

past twelve months. Quick Service Restaurants (10.2%), Fast

Casual Restaurants (9.8%), Discount & Variety Stores (9.4%),

and Shoe Stores (8.7%) rounded out the top five.

Segments experiencing contraction over the past year

included Convenience, Electronics, Miscellaneous, and

Apparel Stores. Convenience Stores experienced a steep drop

of 12.2%.

In terms of specific retailers experiencing the largest gains

in revenue, lower-priced restaurants and retailers made up a

majority of the top 10. Establishments in the top 10 with a

Florida presence include Dollar Tree (80.2%), Shake Shack

RETAIL PERFORMANCE FLORIDA

Figure 1: Avg. Revenue Growth by Segment

Source: eMarketer & CBRE Research, Q3 2016.

Retailer Performance Overview

(56.6%), Zoe’s Kitchen (31.9%), Diversified Restaurant

Holdings (30.2%), Under Armour (29.3%), Del Frisco’s Grille

(29.2% ), and Skechers (29.2%).

According to a forecast by the National Restaurant

Association (NRA), Florida is projected to experience the

largest increase in sales growth in 2016 (7.4%), outpacing

Nevada (7.3%), Washington (7.0%), and California (6.6%).

The NRA anticipates that growth amongst the Quick Service

segment should continue to outpace table service sales.

Retailers are more than ever starting to employ technology

to engage customers and understand their behavior. Mobile

apps and social media/digital marketing engagement have

become popular tools to draw foot traffic to retailers.

Tracking this digital engagement helps the retailer increase

marketing efficiency by more accurately targeting their

customer base, ultimately leading to increased revenue.

For details click

segment on left



Luxury, Jewelry, and Accessories retailers accounted for 20%

of the 50 most efficient firms measured in sales per sq. ft.

The high price of jewelry coupled with the smaller footprints

(2,510 sq. ft. average) contributed to the strong ranking.

Following the Luxury, Jewelry, and Accessories segment,

Casual Dining Restaurants (14%) and Brand Manufacturers

(10%) rounded out the top three in terms of space

efficiency.

A closer look at specific companies profiles show a leading

electronics company recorded the highest sales per sq. ft.

figure over the last twelve months, averaging $5,275.

Convenience Store operator, Murphy USA, also had a strong

efficiency showing, coming in at over $3,700 in sales per sq.

ft. With an average store size of 500 sq. ft., Murphy USA has

the smallest footprint of all the eMarketer tracked retailers.

Another top performer with regard to sales per sq. ft.,

Tiffany & Co. registered at $2,845. The Luxury, Jewelry and

Accessory retailer has a store footprint that averages a 4,100

sq. ft. Sales of luxury goods face headwinds as foreign buyer

traffic has been reduced in the face of a stronger U.S. dollar,

which may cause sales to decline for this retailer.

Those stores experiencing the lowest sales per sq. ft. over

the last year predominantly fell within the Leisure and

Entertainment segment. Movie theatres Carmike Cinemas

(acquired by AMC), Regal Cinemas, Cinemark Theatres,

AMC Theatres and Cineplex Entertainment were in the

bottom 25. Movie theatres are predicted to fair better post-

recession due to rising disposable income, however the

industry competes with the increasingly popular option of

cheaper on-line media sources.

Department store company, Sears Holdings (owner of Sears

and Kmart) continued to experience declining sales and

store closings, putting this company near the bottom of the

list in terms of sales per sq. ft. The company continues to

assess store productivity while focusing on its on-line

business and membership programs.

The National Retail Federation estimates that 2.7 million

jobs are supported by retail in Florida where there are nearly

275,000 retail establishments contributing to 21% of state

GDP. The state’s robust retail base will be supported by

continued annual job growth, which was 3.2% in August

and increases in disposable income.

COMPANY SEGMENT

TOTAL REVENUE GROWTH

Dollar Tree Discount & Variety Stores 80.2%

Good Times Restaurants Quick Service Restaurants 68.2%

Shake Shack Quick Service Restaurants 56.6%

Boot Barn Shoe Stores 45.7%

Mattress Firm Furniture & Home Furnishing Stores 40.7%

Zoes Kitchen Fast Casual Restaurants 31.9%

Diversified Restaurant Holdings Casual Dining Restaurants 30.2%

Under Armour Brand Manufacturers 29.3%

Del Frisco’s Grille Fine Dining Restaurants 29.2%

Skechers Shoe Stores 29.2%

Figure 2: Revenue Growth (Year-over-Year) , Top 10 National Companies


Figure 3: Retailer Segment as % of Top 50 National Firms by Sales per Sq. Ft.


Figure 4: Sales per Sq. Ft., Top 10 National Companies


20%

14%

10%

8% 6% 6%

6%

6%

6%

6%

4% 4% 2% 2%

Luxury, Jewelry, & Accessories StoresCasual Dining RestaurantsBrand ManufacturersFast Casual RestaurantsFine Dining RestaurantsDrug, Health, & Beauty StoresElectronics StoresQuick Service ResurantsApparel StoresGrocery StoresDiscount & Variety StoresFurniture & Home Furnishing StoresBeverage & Snack ShopsConvenience Stores

$0

$1,000

$2,000

$3,000

$4,000

$5,000

$6,000



Addendum: Retailer Performance Data (TTM)*

Apparel Stores

COMPANY TOTAL REVENUES (MM)

TOTAL REVENUE GROWTH STORES

AVG. STORE SQ FT

AVG. SALES PER STORE (M)

AVG. SALES PER SQ FT

Abercrombie & Fitch (Abercrombie & Fitch Co.) $1,641.0 13.2% 379 8,600 $3,420 $388 Abercrombie & Fitch Co. $3,518.7 -6.0% 932 7,800 $2,806 $361 Aeropostale $1,506.9 -18.0% 811 3,900 $1,557 $405 American Eagle Outfitters $3,571.7 7.1% 1,045 6,300 $2,740 $435 Ann Taylor (Ascena Retail Group) $944.2 -1.7% 360 5,400 $1,999 $369 Ascena Retail Group $5,833.9 21.3% 4,918 5,500 $1,148 $209 Banana Republic (Gap Inc.) $2,656.0 -9.1% 673 8,000 $3,335 $413 bebe stores $415.7 -1.9% 203 3,900 $1,508 $383 Ben Sherman (Oxford Industries) $77.5 15.3% 21 2,200 $1,815 $795 Carter's (Carter's, Inc.) $2,284.4 4.1% 610 4,400 $1,579 $359 Carter's, Inc. $3,053.2 4.3% 1,010 4,400 $1,461 $330 Catherines (Ascena Retail Group) $341.4 -0.1% 376 4,000 $758 $188 Chico’s FAS, Inc. $2,642.3 -1.2% 1,518 2,900 $1,513 $526 Chico's/Soma Intimates (Chico’s FAS, Inc.) $1,689.9 -0.1% 1,012 3,000 $1,514 $511 Christopher & Banks $383.8 -8.3% 518 3,700 $618 $166 Citi Trends $682.6 0.7% 526 13,200 $1,313 $99 Claire’s Stores $1,412.7 -6.9% 2,926 1,000 $463 $454 Destination Maternity $548.9 -4.8% 554 2,200 $584 $270 Destination XL Group $442.2 6.9% 345 5,900 $1,043 $181 dressbarn (Ascena Retail Group) $1,002.6 -2.7% 821 7,800 $1,157 $146 Express $2,350.1 8.5% 670 8,400 $2,973 $342 francesca's $439.4 16.4% 616 1,400 $706 $518 Free People (Urban Outfitters, Inc.) $609.6 14.8% 114 2,300 $1,415 $667 Gap (Gap Inc.) $5,751.0 -6.7% 1,346 10,100 $3,343 $331 Gap Inc. $15,797.0 -3.9% 3,275 11,600 $3,884 $336 Hollister (Abercrombie & Fitch Co.) $1,877.7 -3.6% 553 7,300 $2,647 $362 J.Crew $2,491.5 -3.0% 557 5,500 $2,989 $537 Justice (Ascena Retail Group) $1,138.8 -15.6% 955 4,200 $896 $213 L Brands $12,255.6 5.9% 3,038 4,900 $3,332 $639 Lands' End $1,419.8 -8.7% 246 7,800 $820 $105 Lane Bryant (Ascena Retail Group) $1,109.2 2.8% 763 5,500 $1,162 $210 Lids (Genesco) $969.8 12.8% 1,347 1,200 $542 $461 Lilly Pulitzer (Oxford Industries) $204.6 22.0% 34 2,700 $2,430 $894 Loft (Ann Inc.) $1,596.4 3.1% 674 5,800 $2,077 $356 lululemon athletica $2,060.5 14.7% 363 3,000 $4,531 $1,542 maurices (Ascena Retail Group) $1,103.2 9.2% 976 5,200 $1,046 $203 Men's Wearhouse (Tailored Brands, Inc.) $1,776.5 3.2% 869 4,900 $1,937 $406 Moores (Tailored Brands, Inc.) $218.3 -13.8% 125 6,300 $1,762 $280 New York & Company $950.1 2.9% 490 6,600 $1,624 $249 Old Navy (Gap Inc.) $6,675.0 0.8% 1,095 16,700 $5,205 $309 OshKosh B'gosh (Carter's, Inc.) $433.3 3.6% 251 4,000 $1,280 $317 Pacific Sunwear $800.9 -3.1% 601 4,000 $1,217 $308 Reitmans $846.4 -1.6% 831 4,600 $977 $216 Tailored Brands, Inc. $3,440.0 -1.9% 1,698 5,900 $1,719 $297 The Buckle $1,119.6 -2.9% 468 5,100 $2,182 $430

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AVG. STORE SQ FT



The Cato Corp. $1,011.1 2.4% 1,372 4,500 $736 $164 The Children's Place $1,740.3 -0.9% 1,064 4,700 $1,305 $279 The Gymboree Corp. $1,230.6 2.2% 1,315 2,100 $771 $372 Tilly's $551.0 6.3% 224 7,600 $2,230 $292 Tommy Bahama (Oxford Industries) $658.5 4.9% 164 3,800 $2,019 $528 Urban Outfitters (Urban Outfitters, Inc.) $1,393.3 0.6% 240 11,600 $3,920 $337 Urban Outfitters, Inc. $3,445.1 3.7% 572 8,700 $3,641 $414 Victoria's Secret (L Brands) $7,729.1 6.1% 1,167 7,900 $5,312 $683 White House|Black Market (Chico’s FAS, Inc.) $871.4 -1.9% 506 2,700 $1,562 $573 Zumiez $804.2 -0.9% 658 2,900 $1,080 $368

Auto & Marine Parts Stores

Brand Manufacturers



AVG. STORE SQ FT



Advance Auto Parts $9,678.6 -2.4% 5,211 8,200 $1,670 $206 AutoZone $10,313.1 7.0% 5,613 6,600 $1,804 $274 Canadian Tire $9,600.2 -1.5% 1,698 18,900 $5,550 $297 O'Reilly Auto Parts $8,302.1 9.5% 4,660 7,300 $1,817 $251 Pep Boys $2,088.8 1.0% 801 16,100 $2,602 $162 West Marine $708.2 2.7% 261 10,000 $2,292 $232



AVG. STORE SQ FT



Carter's, Inc. $3,053.2 4.3% 1,010 4,400 $1,461 $330 Crocs $1,085.7 -2.8% 558 1,400 $669 $491 Deckers Outdoor $1,837.7 3.8% 155 2,600 $2,629 $988 Fossil $3,228.9 -8.0% 619 1,800 $1,337 $790 G-III Apparel Group $2,344.1 10.7% 448 4,000 $1,186 $292 Guess $2,204.3 -8.8% 455 4,900 $1,925 $400 Hanesbrands $5,741.8 4.9% 252 4,800 $1,305 $273 Joe's Jeans $43.0 4.6% 32 2,000 $749 $383 Levi Strauss & Co. $4,494.5 -5.5% 656 3,600 $1,693 $465 Oxford Industries $969.3 5.3% 198 3,600 $2,116 $587 Perry Ellis $894.4 -0.5% 75 2,600 $902 $357 Quiksilver $1,345.9 -14.4% 723 2,800 $569 $203 Ralph Lauren $7,419.0 -2.4% 501 9,500 $6,442 $719 Skechers $3,358.1 29.2% 525 4,400 $1,717 $394 Steve Madden $1,410.7 4.2% 167 1,900 $1,146 $605 Under Armour $4,423.3 29.3% 160 7,800 $5,388 $726 VF Corp. $12,378.7 0.3% 1,541 5,500 $1,881 $346 Vince $302.5 -11.1% 48 2,300 $1,926 $852

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Convenience Stores

Department Stores



AVG. STORE SQ FT



Casey's General Stores $7,193.0 -10.5% 1,911 3,000 $1,477 $498 CST Brands $9,165.0 -14.2% 1,530 2,400 $1,369 $583 Murphy USA $12,699.4 -25.2% 1,335 500 $1,771 $3,721 The Pantry $7,418.4 -3.8% 1,511 2,900 $1,210 $417 TravelCenters of America $5,850.6 -24.8% 455 13,200 $5,334 $349



AVG. STORE SQ FT



Belk $4,150.4 2.6% 296 91,800 $12,871 $141 Bon-Ton Stores $2,805.1 -0.6% 267 91,100 $9,429 $103 Dillard's $6,754.5 0.0% 297 168,700 $20,417 $121 Hudson's Bay (Hudson's Bay Co.) $2,375.1 7.4% 150 120,000 $14,547 $122 Hudson's Bay Co. $9,688.8 47.8% 470 130,900 $20,466 $165 J.C. Penney $12,625.0 3.0% 1,021 102,500 $10,932 $107 Lord & Taylor (Hudson's Bay Co.) $1,364.8 8.8% 50 138,000 $24,380 $177 Macy's $26,618.0 -5.1% 876 162,000 $25,316 $155 Neiman Marcus $4,987.8 -1.1% 91 77,800 $39,165 $510 Nordstrom $14,472.0 5.0% 322 89,300 $35,903 $392 Saks (Hudson's Bay Co.) $3,628.6 17.4% 140 57,200 $22,518 $391 Sears (Sears Holdings Corp.) $14,598.0 -23.7% 731 134,000 $15,147 $115 Sears Holdings $24,786.0 -20.6% 1,672 112,300 $12,122 $109 Stage Stores $1,604.4 -2.1% 834 20,900 $1,838 $88

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AVG. STORE SQ FT



99 Cents Only Stores $2,010.8 2.8% 392 20,600 $5,053 $246 Big Lots $5,190.6 0.3% 1,449 31,000 $3,554 $115 Costco Wholesale $117,269.0 1.4% 698 144,000 $146,568 $1,019 Dollar General $20,715.3 7.3% 12,719 9,100 $1,676 $184 Dollar Tree $15,498.4 80.2% 13,851 9,500 $1,443 $145 Dollarama $2,110.7 12.9% 955 9,900 $2,308 $232 Five Below $832.0 22.3% 437 7,500 $2,032 $270 Fred's $2,150.7 9.2% 641 16,600 $3,301 $200 Kmart (Sears Holdings Corp.) $10,188.0 -15.6% 941 95,600 $9,798 $102 PriceSmart $2,886.1 9.2% 38 72,800 $75,741 $1,049 Target $72,862.0 -0.3% 1,793 133,600 $39,088 $292 The North West Company $1,548.3 9.1% 227 12,500 $6,662 $532

Discount & Variety Stores



Drug, Health & Beauty



AVG. STORE SQ FT



Bath & Body Works (L Brands) $3,633.5 7.5% 1,675 3,000 $1,956 $658 CVS $160,173.0 12.0% 9,674 10,300 $8,814 $771 GNC $2,632.6 0.8% 3,506 1,400 $480 $338 MasterCuts (Regis Corp.) $109.7 -8.6% 436 1,200 $239 $199 Medifast $272.8 -4.4% 58 1,600 NBTY $3,226.1 0.6% 1,352 1,400 $777 $575 Perfumania $575.4 -2.0% 319 1,400 $831 $585 Regis Corp. $1,806.1 -2.8% 9,310 1,200 $252 $214 Regis Salons (Regis Corp.) $290.6 -8.2% 717 1,400 $388 $277 Rite Aid $27,904.4 6.2% 4,560 12,600 $6,070 $482 Sally Beauty $3,867.9 2.4% 4,834 1,900 $689 $360 SmartStyle Family Hair Salons (Regis Corp.) $518.3 3.8% 2,795 1,000 $194 $194 Supercuts (Regis Corp.) $345.4 0.3% 2,599 1,400 $294 $210 The Jean Coutu Group $2,569.4 3.5% 416 10,200 $9,190 $907 Ulta Beauty $3,924.1 21.1% 874 10,600 $4,491 $425 Vitamin Shoppe $1,293.6 2.8% 771 3,500 $1,443 $411 Vitamin World (NBTY) $208.1 -7.6% 385 1,300 $476 $380 Walgreens $117,237.0 24.7% 12,836 10,300 $7,403 $718 Weight Watchers $1,164.4 -21.3%

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Electronic Stores



AVG. STORE SQ FT



Best Buy $39,528.0 -2.0% 1,631 28,100 $21,423 $766 Conn's $1,637.2 8.1% 108 41,800 $13,477 $335 GameStop $9,363.8 0.7% 7,117 1,500 $1,211 $840 hhgregg $2,006.8 -8.0% 227 32,200 $8,214 $256 Trans World Entertainment $358.5 -8.9% 310 5,800 $1,045 $176

Furniture & Home Furnishing Stores



AVG. STORE SQ FT



Bassett Furniture $440.1 14.5% 58 17,000 $4,259 $252 Bed Bath & Beyond $12,103.9 1.9% 1,530 28,300 $7,527 $265 Ethan Allen $764.8 0.7% 142 16,000 $4,113 $257 Havertys $808.1 3.9% 121 45,200 $6,548 $145 Kirkland's $561.8 10.7% 376 7,700 $1,468 $193 La-Z-Boy $1,525.4 7.0% 124 18,000 $3,396 $189 Leon's Furniture $1,794.1 1.5% 303 43,100 $8,856 $205 Mattress Firm $2,546.9 40.7% 2,359 4,600 $1,125 $244 Nacco Industries $877.1 -3.5% 220 3,000 $661 $220 Pier 1 Imports $1,892.2 0.4% 1,032 9,900 $1,481 $149



Grocery Stores



AVG. STORE SQ FT



Delhaize America $18,018.0 6.0% 1,291 37,600 $13,908 $370 Fairway Market $764.4 -4.3% 15 59,700 $50,958 $854 Ingles Markets $3,765.3 -2.3% 201 55,000 $15,681 $286 Kroger $109,830.0 1.3% 2,778 62,500 $34,553 $557 Loblaw $41,602.8 18.3% 2,442 29,000 $16,694 $583 Natural Grocers $646.6 18.4% 107 16,300 $6,531 $407 Publix Super Markets $32,362.6 5.1% 1,114 46,800 $29,131 $615 Roundy's $4,029.7 10.9% 150 62,800 $26,921 $429 Safeway $35,467.5 1.2% 1,331 47,600 $23,100 $486 Smart & Final Stores $4,190.4 13.3% 306 22,800 $14,959 $680 SpartanNash $7,652.0 -3.3% 163 41,300 $12,407 $299 Sprouts Farmers Market $3,593.0 21.1% 217 27,500 $17,358 $631 Stater Bros. Markets $3,877.0 -0.7% 167 35,100 $23,294 $665 Supervalu $17,318.0 -4.1% 1,569 21,300 $6,017 $281 The Fresh Market $1,857.0 5.9% 184 21,200 $10,634 $501 Tops Markets $2,464.3 -1.3% 160 46,100 $14,268 $309 Village Super Market $1,602.6 2.7% 29 59,200 $55,260 $937 Weis Markets $2,902.5 3.6% 162 50,400 $17,279 $343 Whole Foods Market $15,546.0 6.3% 434 38,600 $36,839 $960

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Restoration Hardware $2,142.0 11.4% 69 14,700 $14,440 $1,045 Select Comfort $1,216.9 -1.1% 497 2,200 $2,337 $955 The Container Store $794.6 1.6% 79 25,000 $8,950 $358 Williams-Sonoma $4,976.1 5.9% 623 10,000 $4,010 $403

Home Improvement Stores



AVG. STORE SQ FT



Lowe's $60,178.0 5.7% 1,860 108,800 $31,529 $289 Lumber Liquidators $952.3 -10.2% 375 6,500 $2,587 $397 Sears Hometown and Outlet Stores $2,242.0 -4.6% 1,145 11,500 $1,660 $144 Sherwin-Williams $11,463.0 2.2% 4,099 4,500 $1,814 $403 The Home Depot $90,390.0 7.1% 2,275 104,400 $37,606 $361 The Tile Shop $304.7 14.7% 115 21,700 $2,727 $124 Tractor Supply Co. $6,363.0 8.6% 1,521 16,000 $4,341 $211



Leisure & Entertainment Venues



AVG. STORE SQ FT



AMC Theatres $3,059.8 12.3% 385 74,000 $8,021 $108 Carmike Cinemas $811.8 8.0% 273 43,500 $2,975 $68 Cinemark Theatres $2,852.6 8.6% 513 54,600 $5,375 $99 Cineplex Entertainment $1,146.9 3.4% 162 48,500 $6,034 $124 Regal Cinemas $3,146.2 3.3% 564 56,000 $5,198 $93 Town Sports International $424.3 -6.5% 155 26,200 $2,654 $103

Luxury, Jewelry & Accessories Stores



AVG. STORE SQ FT



Birks Group $285.8 -5.2% 47 4,000 $5,999 $1,489 Coach $4,341.3 0.4% 1,026 3,000 $3,577 $1,191 Kate Spade & Co. $1,300.4 9.7% 267 1,800 $2,685 $1,496 Michael Kors $4,594.4 9.2% 623 2,800 $3,899 $1,466 Movado $588.5 0.3% 40 1,700 $1,696 $998 Signet Jewelers $6,598.5 6.2% 3,005 2,000 $2,074 $1,020 Tiffany & Co. $4,104.9 -3.4% 307 4,100 $11,655 $2,845 Tumi $564.5 4.0% 199 1,500 $1,533 $974 Vera Bradley $502.6 -1.3% 150 2,300 $1,599 $706

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Miscellaneous Stores



AVG. STORE SQ FT



Aaron's $3,212.4 9.6% 2,034 8,800 $1,273 $146 Barnes & Noble $4,197.3 -4.8% 640 26,400 $5,165 $196 Books-A-Million $472.1 0.2% 256 13,400 $1,743 $129 Build-A-Bear Workshop $373.4 -4.9% 321 2,500 $1,095 $435 Hancock Fabrics $280.1 1.6% 260 13,500 $1,045 $77 Indigo Books & Music $814.5 2.6% 216 11,000 $3,103 $277 Liquor Stores N.A. $639.2 4.1% 247 4,700 $2,509 $535 Michaels Stores $4,912.8 3.7% 1,313 21,800 $3,769 $173 Office Depot $14,151.0 -9.4% 1,555 22,600 $3,632 $160 Party City $2,290.2 -0.4% 731 11,400 $1,982 $174 Rent-A-Center $3,170.7 -2.7% 2,607 4,700 $827 $176 Staples $21,059.0 -6.4% 1,607 19,800 $4,379 $220 Tandy Leather Factory $84.2 0.9% 114 3,600 $744 $212 Toys "R" Us $12,060.0 -4.9% 1,598 35,800 $6,706 $188



Miscellaneous Stores

Off-Price Stores



AVG. STORE SQ FT



Burlington Stores $5,129.8 5.8% 567 76,600 $9,218 $119 Gordmans Stores $657.9 2.3% 102 55,500 $6,465 $116 HomeGoods (The TJX Companies) $4,045.5 14.4% 534 24,700 $7,829 $316 K&G Stores (Tailored Brands, Inc.) $337.1 -0.1% 89 23,500 $3,799 $161 Ross Stores $11,940.0 8.1% 1,446 28,000 $8,416 $301 Stein Mart $1,359.9 3.2% 278 34,600 $4,841 $139 The TJX Companies $31,621.7 7.4% 3,632 28,500 $8,904 $313 TJ Maxx/Marshalls (The TJX Companies) $20,318.2 7.2% 2,181 21,200 $9,446 $446 Tuesday Morning $946.6 4.5% 748 11,000 $1,241 $114

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Shoe Stores



AVG. STORE SQ FT



Boot Barn $606.4 45.7% 210 11,500 $2,479 $215 Caleres $2,577.4 0.2% 1,211 6,000 $1,334 $222 DSW $2,620.2 5.0% 468 21,000 $4,808 $227 Famous Footwear (Brown Shoe Company) $1,570.5 2.0% 1,046 6,600 $1,448 $217 Finish Line $1,899.0 2.2% 586 5,500 $2,064 $375 Foot Locker $7,483.0 3.9% 3,396 3,800 $1,912 $505 Genesco $2,983.1 8.1% 2,817 1,700 $860 $516 Johnston & Murphy (Genesco) $272.9 6.2% 174 1,900 $965 $515 Journeys (Genesco) $1,224.5 8.9% 2,817 1,900 $1,007 $529 Shoe Carnival $984.0 4.7% 405 11,000 $2,448 $222

Sporting Goods Stores



AVG. STORE SQ FT



Big 5 Sporting Goods $1,021.1 2.2% 435 11,000 $2,337 $212

Cabela's $4,129.9 8.0% 83 100,800 $36,032 $350

Dick's Sporting Goods $7,366.0 6.1% 746 49,500 $9,041 $183

Dover Saddlery $105.0 9.9% 27 8,500 $2,214 $273

Hibbett Sports $943.1 3.2% 1,044 5,700 $929 $162

Sport Chalet $342.6 -4.4% 50 40,800 $6,228 $152

Sportsman's Warehouse $737.0 10.5% 67 43,700 $11,621 $263



Restaurant Performance Data*

Beverage & Snack Shops



AVG. STORE SQ FT



Baskin Robbins (Dunkin' Brands Group) $166.7 2.1% 7,728 1,000 $244 $244 Dunkin' Brands Group $819.7 4.7% 19,669 1,400 $536 $395 Dunkin' Donuts (Dunkin' Brands Group) $623.4 5.0% 11,941 1,600 $727 $457 Jamba Juice $161.7 -25.9% 893 1,200 $755 $582 Krispy Kreme Doughnuts $522.7 4.3% 1,133 2,593 $894 $343

Casual Dining Restaurants



AVG. STORE SQ FT



Applebee's (DineEquity) $225.8 -4.1% 1,683 5,000 $2,346 $469 Bahama Breeze (Darden Restaurants) $216.2 6.6% 37 7,100 $5,904 $832 Biglari Holdings $861.5 8.5% 633 4,600 $1,900 $482 BJ's Restaurants $956.2 9.0% 177 8,200 $5,600 $685 Bloomin' Brands $4,339.8 -3.3% 1,502 6,300 $3,209 $509 Bonefish Grill (Bloomin' Brands) $622.7 0.0% 211 5,500 $2,984 $542 Bravo Brio Restaurant Group $419.6 0.0% 118 7,775 $3,629 $467 Bravo! Cucina Italiana $157.4 -0.5% 53 7,500 $3,020 $403 Brick House Tavern + Tap $81.9 9.3% 26 8,500 $3,393 $399 Brinker International $3,140.0 4.7% 1,647 6,300 $2,739 $435 Brio Tuscan Grille (Bravo Brio Restaurant Group) $260.3 0.1% 65 8,000 $4,099 $512 Buffalo Wild Wings $1,880.4 18.3% 1,190 5,900 $3,227 $551 Carrabba's Italian Grill (Bloomin' Brands) $715.6 -0.9% 247 6,500 $2,944 $453 Chili's Grill & Bar (Brinker International) $2,736.1 5.2% 1,596 6,000 $2,570 $429 Chuy's $310.8 16.0% 75 8,800 $4,521 $514 Darden Restaurants $7,021.6 7.4% 1,535 7,700 $4,579 $594 DineEquity $681.1 4.0% 3,716 4,800 $2,173 $455 Diversified Restaurant Holdings $158.5 30.2% 87 5,600 $2,298 $414 Frisch's Restaurants $211.9 1.3% 121 5,600 $2,098 $373 Grand Lux Cafe (The Cheesecake Factory Inc.) $133.5 5.9% 13 12,200 $10,273 $841 Granite City Food & Brewery $138.0 4.0% 37 9,800 $3,888 $399 Ignite Restaurant Group $475.3 -5.4% 153 8,100 $3,065 $379 J. Alexander’s $217.9 7.8% 41 7,800 $5,315 $702 Joe's Crab Shack (Ignite Restaurant Group) $393.5 -8.0% 127 8,000 $3,004 $376 Kona Grill $156.6 19.9% 40 7,300 $4,364 $605 Logan's Roadhouse $634.2 0.2% 261 7,800 $2,696 $346 LongHorn Steakhouse (Darden Restaurants) $1,612.6 8.8% 479 5,900 $3,360 $569 Maggiano's Little Italy (Brinker International) $403.9 1.8% 51 16,400 $8,119 $501 Olive Garden (Darden Restaurants) $3,789.7 4.0% 846 8,300 $4,497 $541 Outback Steakhouse (Bloomin' Brands) $2,717.9 -3.2% 978 6,300 $3,252 $514 P.F. Chang’s (P.F. Chang’s China Bistro, Inc.) $864.0 -0.6% 271 6,900 $4,109 $596 P.F. Chang’s China Bistro, Inc. $1,277.0 0.6% 494 5,200 $3,032 $596

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AVG. STORE SQ FT



Red Lobster Seafood $2,462.3 -6.2% 706 7,500 $3,492 $463 Red Robin Gourmet Burgers $1,257.6 9.7% 538 6,200 $2,973 $479 Romano's Macaroni Grill (Ignite Restaurant Group) $333.7 27.5% 179 7,000 $1,932 $276 Ruby Tuesday (Ruby Tuesday, Inc.) $1,103.4 -2.0% 733 6,000 $1,727 $290 Ruby Tuesday, Inc. $1,123.2 -2.1% 749 5,900 $1,714 $294 Steak n Shake (Biglari Holdings) $861.5 8.5% 561 3,800 $1,863 $482 Texas Roadhouse $1,916.8 12.5% 499 6,800 $4,788 $701 The Capital Grille (Darden Restaurants) $418.7 7.8% 54 10,800 $7,736 $720 The Cheesecake Factory $1,975.9 6.2% 189 10,600 $10,666 $1,006 The Cheesecake Factory Inc. $2,166.1 5.9% 202 10,700 $10,640 $994 Yard House (Darden Restaurants) $517.6 15.3% 63 10,500 $8,626 $822

Entertainment & Dining Restaurants



AVG. STORE SQ FT



Chuck E. Cheese's $922.6 10.8% 732 12,400 $1,623 $129 Dave & Buster's $906.3 17.0% 84 43,200 $11,582 $265

Family Dining Restaurants



AVG. STORE SQ FT



Bob Evans Farms $1,325.6 -1.3% 548 5,100 $1,706 $334 Cracker Barrel $2,886.0 2.5% 635 9,900 $4,542 $457 Denny's $496.8 1.5% 1,720 4,500 $1,632 $366 IHOP (DineEquity) $455.3 8.5% 1,683 4,500 $1,962 $436 Luby's Cafeteria (Luby's, Inc.) $262.5 5.5% 92 10,500 $2,634 $252 Luby's, Inc. $429.1 7.9% 288 8,000 $2,289 $284

Fast Casual Restaurants



AVG. STORE SQ FT



Chipotle Mexican Grill $4,047.2 -8.9% 2,124 2,500 $2,022 $799 Cosi $93.7 21.2% 107 2,900 $1,136 $399 Einstein Noah Restaurant Group $446.2 3.4% 882 1,700 $706 $410 Fiesta Restaurant Group $709.8 9.7% 380 3,100 $2,228 $707 Fuddrucker's (Luby's, Inc.) $120.6 13.5% 193 5,100 $1,708 $334 Lime Fresh Mexican Grill (Ruby Tuesday, Inc.) $19.7 -2.6% 16 2,300 $1,353 $588 Noodles & Company $455.5 12.8% 514 2,700 $1,088 $411 Panera Bread Co. $2,740.5 4.7% 2,007 4,500 $2,560 $569 Pei Wei Asian Diner (P.F. Chang’s China Bistro Inc.) $325.3 -1.8% 211 3,100 $1,676 $541 Pollo Tropical (Fiesta Restaurant Group) $391.0 15.9% 209 3,100 $2,513 $811

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AVG. STORE SQ FT



Potbelly Sandwich Works $392.1 11.7% 421 2,300 $1,059 $460 Qdoba Mexican Grill (Jack In The Box, Inc.) $418.5 7.7% 661 2,400 $1,195 $498 Taco Cabana (Fiesta Restaurant Group) $318.8 2.9% 171 3,200 $1,956 $610 The Habit Burger Grill $257.4 24.5% 152 2,300 $1,929 $840 Zoes Kitchen $226.6 31.9% 166 2,800 $1,527 $555

Fine Dining Restaurants



AVG. STORE SQ FT


AVG. SALES P ER SQ FT

Del Frisco's Double Eagle Steak House $164.9 4.4% 12 16,100 $14,185 $882 Del Frisco's Grille (Del Frisco's Restaurant Group) $100.8 29.2% 20 8,100 $5,340 $660 Del Frisco's Restaurant Group $343.8 8.6% 50 10,400 $7,090 $679 Eddie V's (Darden Restaurants) $105.3 14.9% 16 9,000 $6,630 $737 Fleming's Prime Steakhouse (Bloomin' Brands) $281.0 1.1% 66 7,100 $4,258 $600 Roy's (Bloomin' Brands) $71.0 -7.8% 20 7,100 $3,528 $497 Ruth's Chris Steak House (Ruth's Hospitality Group) $378.0 7.0% 146 9,300 $4,805 $515 Ruth's Hospitality Group $378.0 7.0% 146 9,300 $4,805 $515 Seasons 52 (Darden Restaurants) $253.8 10.8% 42 9,400 $5,971 $637 Sullivan's Steakhouse $78.1 -3.3% 18 9,300 $4,341 $468 The Capital Grille (Darden Restaurants) $418.7 7.8% 54 10,800 $7,736 $720

Quick Service Restaurants



AVG. STORE SQ FT



Burger King $1,197.3 4.4% 19,043 2,700 $1,213 $409 Domino's Pizza $2,312.5 11.2% 12,936 1,300 $830 $634 El Pollo Loco $367.0 3.0% 439 2,700 $1,879 $698 Good Times Restaurants $50.0 68.2% 52 2,500 $1,437 $509 Jack In The Box (Jack In The Box, Inc.) $1,136.6 -0.5% 2,254 2,600 $1,517 $581 Jack In The Box, Inc. $1,555.1 1.6% 2,942 2,600 $1,443 $563 KFC (Yum! Brands) $2,931.0 -7.6% 19,960 2,300 $1,185 $532 McDonald's $25,125.3 -3.4% 36,504 4,000 $2,297 $574 Papa John's $1,657.7 0.6% 4,935 1,300 $736 $561 Papa Murphy's $124.8 14.8% 1,570 1,400 $584 $417 Pizza Hut (Yum! Brands) $1,139.0 -1.1% 16,068 1,800 $736 $407 Popeyes Louisiana Kitchen $259.0 9.9% 2,539 2,600 $1,249 $478 Rave Restaurant Group $55.6 24.2% 320 2,000 $455 $226 Shake Shack $206.9 56.6% 88 3,200 $4,906 $1,571 Sonic $619.0 6.3% 3,528 1,500 $1,279 $852

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Disclaimer: Information contained herein, including projections, has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to confirm independently its accuracy and completeness. This information is presented exclusively for use by CBRE clients and professionals and all rights to the material are reserved and cannot be reproduced without prior written permission of CBRE.

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AVG. STORE SQ FT



Taco Bell (Yum! Brands) $1,983.0 4.2% 6,437 2,100 $1,452 $682 Tim Hortons $3,122.7 8.8% 4,201 2,000 $1,561 $780 Wendy's $1,870.3 -6.5% 6,479 3,000 $1,465 $488 Yum! Brands $13,102.0 -0.6% 42,725 2,100 $1,069 $509

SCOTT BRIEN Research Operation Manager +1 813 273 8456 [email protected] SHANNA DRWIEGA Senior Research Analyst +1 813 273 8433 [email protected] QUINN EDDINS Director, Research & Analysis +1 305 428 6325 [email protected]

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* Source: The analysis in this report is based on information compiled by eMarketer. eMarketer tracks over 350 companies across 24 retail industry segments leveraging over 4,000 disparate sources. For more information please go to http://www.emarketer.com/ .

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