{{titleBar.title}}

{{titleBar.tagline}}

 

 

Houston: Grocery game of chain, chain, chain Houston: Grocery game of chain, chain, chain https://www.recenter.tamu.edu/news/newstalk-texas/?Item=19002015-01-23T14:42:00Z2015-01-23T07:15:00Z

HOUSTON - New grocery stores will make up nearly half of the 3.7 million sf of new retail space that will be built and opened in Houston this year, according to an annual retail survey by Houston-based developer Wulfe & Co.

Grocery chains are slated to open 32 new locations across Houston. H-E-B Grocery Co. will have the greatest expansion with seven new stores. Additionally, Wal-Mart Stores Inc. will build four, and Kroger Co. will build four and expand two.

Sprouts Farmers Market Inc. will open two, Whole Foods Market Inc. will open two, and Fiesta Mart and Trader Joe's will each open one. Aldi Inc. will add 11 smaller stores across Houston.

In addition to supermarkets, a 180,000-sf Walmart superstore and a 165,000-sf Gallery Furniture will contribute to the 3.7 million sf of new retail, which is the highest since 2008. The number represents a 56 percent increase over last year's 2.37 million sf.

The report attributes these numbers to low fuel prices and consumers' increased disposable income, which has benefited the retail sector.

"With this high activity of new retail growth, we project that higher retail occupancy rates will exceed a seldom-achieved rate of 92 percent this year," CEO Ed Wulfe said in the report.

For the full press release from Wulfe & Co. click here.

Houston Business Journal
Houston-The Woodlands-Sugar Land
Retail
http://www.bizjournals.com/houston/blog/breaking-ground/2015/01/grocery-chains-to-add-32-new-houston-stores-this.htmlRead more at {Source}

 Search NewsTalk Texas