10 posts categorized "Shopping-Arlington"

03/02/2012

Container Store readies move back to Arlington

Even companies like The Container Store can make mistakes, the company’s CEO says.

The company’s making up for one Saturday, when it opens a new 25,000-square-foot store in South Arlington’s Highlands shopping center, more than 10 years after leaving the city to open up in Southlake.

“We were divided internally,” Kip Tindell, the chief executive and one of The Container Store’s founders 33 years ago, said in an interview Thursday at the company’s Coppell headquarters, where The Container Store was hosting the new Arlington employees.

Some of The Container Store’s people felt customers of the old Arlington store, in the Lincoln Square Shopping Center at Interstate 30 and Collins Street, would follow the company to Southlake, Tindell said.

“They did not follow us to Southlake,” said Tindell, estimating the company has been scouting locations for a new Arlington site for about five years. “Southlake is not Arlington.”

Arlington fans are already treating the new store, set to open with a two-day benefit for the Junior League of Arlington, like customers in completely new markets, Tindell said.

The Arlington store, in a 25,000-square-foot store that Borders Books surrendered in bankruptcy,  is one of several new stores the company plans this year.

Tindell also elaborated on the company’s plans for a new store in a former Borders space in the Central Market-anchored Chapel Hill Shopping Center at Interstate 30 and Hulen Street, which the company confirmed last fall it leased for a 2013 opening.

The company plans to move from its 15,000-square-foot space in front of Hulen Mall at I-20 and South Hulen to the new space, giving the company a draw on both east-west interstates, Tindell said.

“The Fort Worth store is great,” Tindell said. “But it’s the oldest, smallest one in the chain.”

Tindell said The Container Store is doing well after seeing sales dip a total 13 percent during recession in 2008 and 2009.

But in 2010 and last year, sales in comparable stores, those open at least a year, rose about 7 percent in  each year, he said. Total sales, including ones from new stores, are now growing at 12-14 percent a year, he said.

In 2012, the company expects to surpass $700 million in sales, he said.

“If we didn’t have the Great Recession, we probably would be past $1 billion rignt now,” Tindell said.

The company, which has more than 50 stores, expects to open another 25-30 stores over the next four or five years, and currently is funding its new store growth from free cash flow, Tindell said.

“We haven’t touched our revolver in two years,” he said.

Growth over the next five years may bring the company close to capacity at its Coppell distribution center, attached to its headquarters. Tindell said the company is considering its options, and doesn’t like the idea of moving the distribution center or building a second one.

“It’s really good to have all your vice presidents with your distribution and your buyers,” he said.

The privately held company, which entered into a partnership with the Leonard Green & Partners private equity firm in 2007, is also prepared to re-examine its options if Leonard Green decides to cash out at some point, Tindell said.

Possibilities include another equity deal,  initial public offering, or sale to another company, Tindell said. More than 200 Container Store employees now own stock in the company, Tindell said.

Tindell spent much of the morning imbueing the company’s newest employees with its “foundation principles” and the concept of “conscious capitalism,” in which all stakeholders in a company can win by looking out for each other’s interests.

That includes ensuring employees are well paid (average annual salary for a fulltime retail salesperson is $50,000, Tindell said), and the company has strong relationships with its vendors (The Container Store likes to find out the low periods for its manufacturers, and then plop big orders on them, Tindell said).

Tindell also unashamedly preaches active selling in the stores.

“If you’ve got a woman in the store with a tie rack in one hand, and a shoe rack in the other, she’s clearly got a closet that needs help,” he says. “You’re not doing her a favor if she leaves the store with just those two” items.

- Scott Nishimura 

01/12/2012

Container Store adding 60 jobs in South Arlington store; part of grand opening sales go to Junior League

The Container Store says it’s adding about 60 jobs in opening its new Arlington Highlands store, scheduled March 3. The company said it will give 10 percent of grand opening weekend sales to the Junior League of Arlington. - Scott Nishimura

01/06/2012

Paragon Outlets Grand Prairie tenant lineup shaping up

With this week's confirmation that Bloomingdale's Outlet will enter the soon-to-open Paragon Outlets Grand Prairie center, the tenant lineup is close to filling out. Here's a list of Grand Prairie tenants.

- Scott Nishimura

01/05/2012

Bloomingdale's Outlet plans anchor store in Grand Prairie retail center

Bloomingdale’s Outlet plans to open a 25,000-square-foot anchor store at the Paragon Outlets Grand Prairie retail center this summer, Paragon Outlet Partners reports today.

More than 100 other confirmed tenants in the 420,000-square-foot center include DKNY, Joe’s Jeans, Lacoste, Michael Kors, Saks Fifth Avenue OFF 5TH, Tommy Bahama, True Religion Brand Jeans and Under Armour.

The outlet center is scheduled to open in August.

The center is on 64 acres at the northeast corner of I-20 and Texas 360. Paragon, based in Baltimore, broke ground in 2011. It was specualted then that a Bloomingdale’s Outlet could be in the works.

- Scott Nishimura

01/04/2012

Container Store launches hiring for new Arlington store

The Container Store is hiring for its Arlington store, set to open in March at the Arlington Highlands development. The company also has job listings at its Southlake store, and is taking applications at the South Hulen Street store in Fort Worth.

- Scott Nishimura

11/21/2011

Retailers look forward to the holidays

Here's the Star-Telegram's print story from Sunday's paper on retailers' outlook for the holidays.

- Scott Nishimura

Arlington getting The Container Store

The Container Store is returning to Arlington, where it had a store several years ago at Lincoln Square Shopping Center before closing it and opening one in Southlake.

The popular 53-store retailer plans a March 3 opening for a new store at the Arlington Highlands development, 4000 Arlington HIghlands Blvd., says Nina Smith, the company's public relations director.

The Container has two stores in Tarrant County now, including South Hulen Street at Interstate 20 in Southwest Fort Worth, and 1200 Main St. at Southlake Town Square.

- Scott Nishimura

11/18/2011

Tarrant County Black Friday roundup

Here's the Star-Telegram's Savvy Consumer columnist, Teresa McUsic, taking a look at Black Friday in Tarrant County.

- Scott Nishimura

10/12/2011

Texas' September sales tax receipts up 11.8 percent, Comptroller reports

Texas sales tax revenue in September was $1.76 billion, up 11.8 percent compared to a year ago, the Texas comptroller, Susan Combs, reported today.

"Texas sales tax collections have now increased for 18 straight months,” Combs said in a release.  “All sectors showed increases in September, led by business spending, especially in the oil and gas-related sectors. Consumer sectors like restaurants and retail trade were also up. The recovery in Texas has brought sales tax collections almost back to peak 2008 levels, however the near-term outlook remains clouded due to the uneven performance of the U.S. economy.”

The figures represent sales that occured in August.

Combs said she will send September sales tax allocations totaling $505.2 million to cities, counties, transit systems and special purpose taxing districts, up 13.9 percent compared to October 2010.

Allocations to Tarrant County entities are $33.16 million, up 13.03 percent from a year ago, and up 4.69 percent year to date.

The allocation to Arlington was $6.9 million, up 9.3 percent from a year ago, and 3.74 percent year to date; Fort Worth, $8.129 million, up 3.07 percent from a year ago and 5.56 percent year to date; Hurst, $1 million, up 4.21 percent and 4.88 percent; Grapevine, $2.67 million, up 6.11 percent and 7.65 percent; and Southlake, $1.1 million, up 8.28 percent and 6.35 percent.

Click here to see all Tarrant County cities.

- Scott Nishimura

09/09/2011

Parks at Arlington adds retailers

The Parks at Arlington has added several retatailers: Cotton On, Sephora, and Wet Seal. A Cinnabon store – a franchisee closed a Cinnabon in the mall more than a year ago – is opening on the upper level in October near the Barnes & Noble.

Cotton On, an Australian retailer, specializes in everyday fashion.

Sephora, a chain owned by Louis Vuitton Moet Hennessy, sells cosmetics, skin care, makeup, fragrance, hair and beauty products.

Wet Seal, a teen favorite, sells trendy fashion tops, dresses, shoes, denim, and accessories.

- Scott Nishimura

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