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1379 posts categorized "Retail news"

November 10, 2015

Get ready to Primp

There's a lot of activity on the high-profile corner of 100 First Ave. SW in downtown Rochester.

The shiny signs are up, clothes are going up on racks and the new doors will open soon.

09112015primpPrimp, a popular Twin Cities boutique, is opening its first Med City store on Friday.

Owners Michele Henry and Wesley Uthus announced the opening on Monday.

"We're excited to announce our 7th location, in Rochester, MN, will be open this FRIDAY!… Can't wait to meet you all!," they exclaimed (hence the exclamation marks) on their Facebook page.

Primp carries a full array of women's apparel, from fancy dresses to denim and sweaters. Primp also stocks plenty of accessories, like handbags, jewelry and scarves.

It's tagline is 'Cheap, chic boutique.' Everything is less than $100. Most are items are less than $50.

The news of Primp coming to town broke in early October. It's stepping into the storefront which was the long-time home of the Rochester landmark, O&B Shoes. O&B marched less than a block away to 19 First Ave. SW in August.

"We were looking at a lot of places. But when this space came, we dropped all of the other locations," Henry said at the time. "There is such a great energy in downtown Rochester."

Darci Fenske of Paramark Real Estate Services brokered the deal to bring the brand into the Rochester market.

November 02, 2015

$56 million deal in 'one of our largest markets'

A North Dakota real-estate firm purchased Rochester's Grandeville at Cascade Lake for $56 million today.

Investors Real Estate Trust said this morning that it officially wrapped up the purchase of the 276-unit multifamily community. It announced in August that a purchase agreement for the 8-year-old property had been signed with LeCesse Development Corp. of Florida.

Nav-mobile-website-cascade-lake-rochester-mn-apartments-rent-apt-best_r1_c1Grandville is now IRET's 10th housing property in Rochester.

"We are excited to add GrandeVille to IRET's Rochester portfolio. Its convenient location and substantial amenities enhance the choices we offer to tenants and solidify our presence in Rochester," stated IRET's Vice President of Investments Matt Volpano in a press release this morning.

IRET long has been an active investor in Rochester. It now owns more than 1,300 housing units in 10 properties, including Quarry Ridge, Olympik Village and Sunset Trail.

"Rochester is one of our largest markets," said Volpano previously. "From our standpoint, it continues our strategy. DMC just improves upon an already strong market."

6a00d83451cc8269e201b8d1642d62970c-800wiIRET even is looking into building its own development in Rochester, on land it owns near 41st Street Northwest and West Circle Drive.

Volpano says plans have been drawn up for a potential project. The company is investigating whether it makes financial sense to move forward with it.

Today's deal is the largest real estate sale in Rochester for 2015. It tops the previous largest sale of the year, which also involved IRET.

IRET sold Maplewood Square shopping center in northwest Rochester for $15 million. The center, anchored by Best Buy, Fareway Foods and Ashley Furniture, was purchased by SGO MN Maplewood LLC, of San Mateo, Calif. The sale was part of a larger deal that included 15 IRET commercial properties, which sold for a total of $79 million.

The North Dakota firm previously announced that it is getting out of shopping centers to focus solely on housing properties.

October 26, 2015

How about owning a Dunkin' Donuts shop?

Want to own a Dunkin' Donuts shop in Rochester?

The Massachusetts doughnut maker is making a major push into Minnesota with 24 new locations planned in the Twin Cities area. But its plans don't end at the metro area's boundaries.

Dunkin' is also looking for a new franchisee to open about five more shops in Rochester.

06232014dunkindonutsRochester Retail Services, a division of the Kahler Hospitality Services hotel group, opened a shop here in June 2014 at 15 First Ave. SW in the Kahler Grand Hotel complex in the heart of downtown. It was the first one in Minnesota since 2005. Dunkin' said then that Rochester Retail Services would be opening five more shops in the next few years.

Dunkin' Donuts Senior Director of Franchising Patrick Cunningham says that plan has now changed.

"Rochester Retail Services, the franchisee of record, will continue to own and operate the existing restaurant in the Kahler. However, they will not develop more Dunkin' stores as we previously reported," he said on Friday. "At this point, (Rochester) is open for more entrepreneurs. We're seeking franchisee candidates for Rochester, Mankato and southern Minnesota." 

Cunningham said he couldn't comment on how sales have been for the Kahler's Dunkin' shop, since it opened last year with 40 employees.

Patrick Short, Kahler Hospitality's managing director of operations, said the Rochester shop is doing well.

"Dunkin sales are steady with visitors to downtown Rochester and to Mayo employees. There are currently 18 employees, but I understand that they are looking for more counter help in the store just like many other businesses in Rochester today," he wrote in response to questions last week.

October 20, 2015

Google brings its delivery service to Rochester

Searching for next day delivery service in Rochester?

The world's largest search engine might be the answer.

Google Express launched service in the Rochester area this morning, which is its first foray in Minnesota.

"We want to make users lives easier and help out merchants reach more customers," said Google Express' General Manager Brian Elliot. "We have crazy busy lives these days. This is about giving you back some time."

Google-ExpressMountain View, Calif.-based search engine company Google launched Google Express two years ago to expand its commerce arm, offering an alternative to Amazon Prime.

Elliot's example is parents who have a kid's birthday party and are signed up to provide snacks for the soccer teams. Elliott says at long as the orders are made by 5 p.m. the day before, Google Express can deliver the next day.

However, don't expect to see any delivery trucks pull up with "Google Express" on the side. Unlike regional distribution centers used by Amazon or UPS, Google Express works directly with retailers and contracts with local courier services.

It has deals with 18 merchants like Whole Foods, Costco, Staples,Toys R Us, Barnes & Noble, PetSmart, Walgreens and more. The retailers put their available products out on Google Express' online catalog. Consumers chose what they want. The store packages it up and a courier delivers it.

Google Express, which has been running this new service in areas like Chicago and San Francisco, offers an annual membership for $95. Members get free overnight shipping on most items, as long they meet the store's minimum order requirements of $15. There's $3 service fee for orders that don't meet the minimum levels.

For non-members, delivery costs start at $4.99 per store for eligible orders. The fee for orders under the minimum sizes is $3, the same as members.

While Google Express is introducing this service in the Rochester area, it is not covering Minneapolis or St. Paul yet.

"We got up to Rochester, but to the Twin Cities. We'd love to get there. Over time, I'd expect we will," said Elliot. "It's a sort of a one-step at a time project."

He explained that Rochester is closer to Google Express' Midwest hub of Chicago and the retailers here have the capacity to offer the service.

Of course, the big target here for Google is its tech rival, Amazon.

During a recent European trip, former Google CEO Eric Schmidt, outlined the rivalry.

“Many people think our main competition is Bing or Yahoo. But, really, our biggest search competitor is Amazon," he said. "People don’t think of Amazon as search, but if you are looking for something to buy, you are more often than not looking for it on Amazon.”

There is a lot at stake in the growing delivery market. It is currently a  $10.9 billion industry, which is expected to grow by of 9.6 percent by 2019. The U.S. market for same day delivery, which Google Express offers in San Francisco and Chicago, is predicted to swell to $4.03 billion by 2018.

October 16, 2015

Rochester's ProBuild to pack up on Monday

A large building supplier in Rochester announced this week it is closing its doors on Monday.

The manager of ProBuild sent out letters to customers on Thursday saying the large construction operation along U.S. 14 West at 2953 Wilder Road N.W. is closing "effective Oct. 19."

No one at ProBuild or at its corporate office would confirm the closing on Thursday. The operation has an estimated 8 to 10 employees.

6a00d83451cc8269e2010535cefa84970b-320wiThe letter was sent by Dave Mills, ProBuild's area manager based in the Twin Cities.

Mills wrote that ProBuild made the decision to close "After careful review of the market conditions and our operational footprint in Rochester …"

The letter said ProBuild's sites in Mankato, Lakeville and Waseca will take over coverage of the Rochester market. ProBuild has about 30 locations in Minnesota.

The move comes just two months after Colorado-based ProBuild was acquired by rival Builders FirstSource for $1.6 billion. Builders FirstSource, headquartered in Dallas, said the combined company is expected to have annual revenues of about $6.1 billion.

Before it became part of a billion dollar deal, the Rochester construction supplier was a United Building Center. UBC was started in 1855 in Winona by three brothers,  William, Matthew and John Laird.

ProBuild acquired all of the UBC locations in 2006, and the ProBuild name went up on the Rochester site in 2008.

In July 2014, ProBuild closed its Austin lumber yard. It had eight on staff when it closed.


October 09, 2015

West Circle Drive Hy-vee by the numbers


Some numbers to know about Rochester's fourth Hy-vee grocery storeopening at 4211 W. Circle Drive NW.

09102015hyvee6• Oct. 20 - Opening date.
• 550 - Total number of employees.

• 125 - Part-time employees still to be hired.

• Oct. 12 - the next employee hiring event from 4 p.m. to 6 p.m.

• 94,0000-square-feet - the size of the largest of Rochester's four stores.

• 67,000 - the number of product items on the shelves.

• 8,500 - the number of products in the Health Market section, more than any other Hy-vee.

• 2 - Windmills in parking lot that generate energy for the electric car charger stations.

• More than 150 - Number of cheeses in the Charcuterie (Shar-coot-er-re) department.

• $100 or more - Minimum online grocery order Hy-vee will deliver to your home for free. Delivery charges will apply to smaller orders.

Cheap chic coming to the heart of the Med City

Cheap chic is coming to the heart of downtown Rochester.

Primp, a popular boutique with six Twin Cities stores, is slated to open a Rochester location in November, before the holidays.

09102015primpsiteCo-owner Michele Henry says the first Primp shop outside of the metro area is moving into the high-profile Peace Plaza space on the corner of 100 First Ave. SW. That's the storefront where O&B Shoes sold footwear until it moved less than a block away to 19 First Ave. SW in August.

"We were looking at a lot of places. But when this space came, we dropped all of the other locations," Henry said. "There is such a great energy in downtown Rochester."

Darci Fenske of Paramark Real Estate Services brokered the deal to bring Primp into the Rochester market

Michele Henry and Wesley Uthus launched the first Primp store just five years ago, when they were both 25-years-old. The idea was simple: to offer inexpensive, fun fashion.

"Our whole tagline is 'Cheap, chic boutique.' Everything is under $100. Most are under $50 and we put new things out every day," Henry said.

Primp carries a full array of women's apparel, from fancy dresses to denim and sweaters. Primp also stocks plenty of accessories, like handbags, jewelry and scarves.

Moving beyond the Twin Cities is a big step, but Henry and Uthus are very excited about coming to the Med City, Henry said, adding that many Primp customers, as well as employees, have been asking them to come to Rochester for a while.

Now they have a high-profile location in the center of the city. The next step is to prepare the store and hire a team of 10 fashionable employees.


October 06, 2015

Rochester co-op manager moves up to CEO job

People’s Food Co-op has named the Rochester store manager Lizzy Haywood to serve as the organization's CEO and general manager.

Haywood, who has led the Rochester store since it opened in 2013, took over the role on Sept. 28. She is now based in La Crosse, Wis. at the People's Food Co-op headquarters and original store. 

115840_7644_339_lizzy_haywood"The Rochester store manager position has been posted and we are accepting applications," said People's Marketing Director Ann Mull on Tuesday.

Haywood had been serving as interim CEO and general manager since Aug.19, when the previous CEO Michelle Schry resigned to take another job. Prior to coming to Rochester, she was the general manager at the Bluff County Co-op in Winona.

The People's Food Co-op in La Crosse merged with Rochester's Good Food Store in 2011. The organization then moved the cooperative into downtown Rochester.  The almost 27,000 square-foot People's Food Co-op opened on the main level of Rochester's Metropolitan Market Place complex at 519 First Ave. SW in 2013. 

The La Crosse organization is one of the 25 largest food cooperatives in the U.S. It has more than 8,000 member families in Rochester and La Crosse and annual revenues of $25 million.

October 05, 2015

More Goodwill for Rochester

The new Goodwill thrift store is going up quickly in northwest Rochester.

10042015goodwillThe framework of the new 28,000-square-foot stands at the corner of 19th Street Northwest and Scott Road Northwest. That's the 19th Street entrance to the Costco commercial area. The store is slated to sit opposite the Kwik Trip station across Scott Road.

It's being built by a Minneapolis developer, The Driessen Group. The nonprofit Goodwill organization has not commented much about the project, but the unofficial buzz is that this new store will serve as a second Rochester location.

In 2008, a Goodwill store with 15,000 square feet of retail space was built at 239 28th St. SE in the Broadway Commons commercial area. The nonprofit organization moved into it after leaving its old Rochester spot at 660 37th St. NW. 

September 15, 2015

High-profile 2nd Street property sold for residence

After years of being up for sale, a long-time Second Street Southwest business recently sold for $272,000.

On Sept. 1, Dick Saterdalen sold the 64-year-old house at 2120 Second St. S.W. where he lives and operates Dick's Auto Sales. He also previously ran the Liquidation Store at the site. He sold the property to Abdullah M. Aljaberi, according Olmsted County property records.
Saterdalen says he will continue to run Dick's Auto Sales at the site until Dec. 1, when he will move the operation to a small farm on Rochester's Viola Road.

Aljaberi is reportedly planning to renovate the house and use it as a residence, according to Saterdalen.

That Second Street house/storefront was in the news in 2013, when the City of Rochester began its $7 million re-construction of the area now dubbed as "Uptown." When a new median was built in front of the property, the 24-year-old business lost its direct left-turn access as well as on-street parking spaces.

Saterdalen complained that the Uptown project killed a deal he had with a bank that wanted to buy his property.  He also protested the assessment that the city charged him for the project.

Overall, Saterdalen blamed Mayo Clinic's Destination Medical Center Initiative for forcing his old-fashioned business/residence off of Second Street.