GPS Retail Newsletter

First Quarter 2017

Ventura

Premier America Credit Union will unveil its new Shoppes at Westlake Village branch to community leaders.

The first Burgerim is joining Ventura on the “coming soon” list. A chain specializing in customizable mini burgers hopes to make a big impression on Ventura County with the opening of two locations.

Smart Garden – A full-service garden center is returning to downtown Ventura at 33 S. Palm St.

• Apricot Lane Farms-received city council and planning commission approval to open an organic & biodynamic 16,734sf 2-story market in Moorpark at 44 High St.

• Aldi to open in Fremont Square in Oxnard. It is their second Ventura County location.

• The Collection announced 8 tenants for a 16,000sf space called, The Annex. Tenants include Scratch Sandwich Counter, Ragamuffin, Coffee Roasters & Pint

• Sprouts Market-will open a new Ventura and Camarillo store.

Movegreen – headquarters in Ventura, announced its acquisition of Anaheim-based Apollo Moving and Storage, adding operations in Los Angeles, Orange, Riverside and North San Diego counties.

Santa Barbara

Islands Fine Burgers and Drinks will open in La Cumbre Plaza.

Foxtail Kitchen & Bar – will be combining Mediterranean cuisine, burgers and craft beer in the former American Ale, located at 14 E Cota St. The Little Door .-opened Feb 20th at 129 E. Anapamu St. bringing a romantic vibe to downtown.• Tangonadas-Empanadas, pastries & coffee shop will open its doors at 1014 State St. Goa Taco-focusing on South Asian-Mediterranean paratha tacos, Goa will be opening the former Gandolfo’s at 718 State St.,all in Santa Barbara.

Santa Maria Brewery-moving into the soon to be completed Skyway Center at the NWC of Skyway & Broadway in Santa Maria.

The Bear and Star – will soon be opening its door in Los Olivos. The restaurant will feature refined ranch cuisine and will be located at 2860 Grand Ave.

Loa Wang – relocating their Chinese street food restaurant from Goleta to their new location in Isla Vista, located at 6530 Pardall Rd.
• Solvang Brewing Co. – opened its 2nd location in Lompoc in a former automotive dealership property.  They offer not only beer and food, but entertainment for the family.

Grocery Outlet – will be taking over the former Ralph’s location at 2840 De La Vina St.

Bar 29 – Whiskey Richards and The Sportsman owners open their first restaurant concept, that will be serving a number of small plates, in the former Hungry Cat location at 1134 Chapala St.

San Luis Obispo

Forden’s is moving after nearly a century in downtown SLO

Grover Beach is in the process of updating its Economic Development Strategy

• Opponents Speak Out Against Phillips 66’s Nipomo Oil-by-Rail Project at first day of SLO Hearings

Oppenheimers Foundation gives $5.5 million to French Hospital Medical Center in SLO

• The city of San Luis Obispo completed the $1.1 million acquisition of the 154-acre Waddell Ranch

• Fitch Ratings gave the City of San Luis Obispo an AA+ credit describing its financial performance as “exceptionally strong.”

Walmart announces it will not move forward with their plans to open a location in Atascadero.

Pasolivo-expands with a downtown Paso Robles wine tasting room.

Faultline Music-in Paso Robles is closing their retail store after 11 years.

Retail News

Amazon will collect sales tax across US starting next month

• Finish Line poised to close more stores after disappointing Q4

• Bankrupt Gander Mountain to liquidate 32 stores nationwide

Payless Shoes, The Limited, American Apparel, BCBG, Wet Seal, Abercrombie and Fitch, Chico’s, Radio Shack, JC Penney are all closing stores or reportedly preparing for bankruptcy.

• Bebe seeking to dump stores, move to e-commerce.

Amazon to acquire Dubai-based e-marketplace Souq, planning grocery stores in India, opening book stores in New York City and trying out its 1st convenience markets using Iphone technology to shop in Seattle.

Shipt adds Costco grocery goods to its delivery list of customers. Using the Shipt app, members will be able to shop, pay and choose a 1 hour delivery window for their items.

• Game over for 150 GameStop  stores.

Macy’s vows major changes after a plan to close an add’l 68 stores

• Sears Holdings  acknowledges end may be near

• Albertson’s Market is looking into an acquisition of Sprouts

Investment & Development News

• SARES•REGIS Group is building Major Industrial Complex In Thousand Oaks, California

• Kansas-based Mackey & Sons has established a West Coast manufacturing plant for heavy cranes in Oakland.

Santa Maria City Council, due to public outcry, overturned a previous planning commission approval to allow a Chevron gas station to sell alcohol

Thousand Oaks 1st Mixed Use Project – Former Lupe’s Mexican Resturant at 1710 Thousand Oaks Blvd. be the future home to the City’s Mixed Use specific plan. The project will consist of a three-story project with 36 apartments and about 5,000 SF of commercial space.

• Bacara Resort & Spa – Pacific Hospitality Group puts Bacara Resort & Spa up for sale for an undisclosed amount. It was purchased in 2003 for an amount between $120 – $180 Million and has just undergone approximately $25 Million in renovations.

Retail Trends

• Mobile becomes the #1 most impactful future trend.

• Starbucks enabling ordering via voice in Alexa-enabled Ford vehicles.

• Retailers innovate to make their stores more interesting and provide unique in-store experiences.

• Retailers embrace cloud-based technology.

• Retailers across the board will adopt mobile payment solutions.

• Smaller boutique stores are ‘in’ – larger stores are fading out.

• Personalization will become increasingly important to consumers.

• Now, more than ever, retailers need to keep up with the increasing demands of customers shopping anytime, anywhere.