{"id":1004719526,"date":"2024-07-01T01:49:08","date_gmt":"2024-07-01T09:49:08","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004719526"},"modified":"2024-07-04T20:56:43","modified_gmt":"2024-07-05T04:56:43","slug":"coffee-auto-discount-retailers-in-growth-mode","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/coffee-auto-discount-retailers-in-growth-mode\/","title":{"rendered":"Coffee, Auto, Discount Retailers in Growth Mode"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/Walmart-carts.-Image-courtesy-of-Northmarq-edited.jpeg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004719530\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/shopping-cart-near-walmart-supermarket-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/Walmart-carts.-Image-courtesy-of-Northmarq-edited.jpeg\" data-orig-size=\"3648,2737\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;4&quot;,&quot;credit&quot;:&quot;photopixel - stock.adobe.com&quot;,&quot;camera&quot;:&quot;Canon EOS 6D&quot;,&quot;caption&quot;:&quot;Cancun, Mexico - 9 February 2016: Shopping cart near Walmart supermarket. Closeup on shop trolley with sign Walmart&quot;,&quot;created_timestamp&quot;:&quot;1454979956&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;35&quot;,&quot;iso&quot;:&quot;200&quot;,&quot;shutter_speed&quot;:&quot;0.008&quot;,&quot;title&quot;:&quot;Shopping cart near Walmart supermarket&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Shopping carts near Walmart supermarket\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/Walmart-carts.-Image-courtesy-of-Northmarq-edited.jpeg?w=1024\" height=\"768\" width=\"1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/Walmart-carts.-Image-courtesy-of-Northmarq-edited.jpeg\" alt=\"Walmart carts\" class=\"wp-image-1004719530\" style=\"width:400px;height:auto\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/Walmart-carts.-Image-courtesy-of-Northmarq-edited.jpeg 3648w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/Walmart-carts.-Image-courtesy-of-Northmarq-edited.jpeg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/Walmart-carts.-Image-courtesy-of-Northmarq-edited.jpeg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/Walmart-carts.-Image-courtesy-of-Northmarq-edited.jpeg?resize=1024,768 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/Walmart-carts.-Image-courtesy-of-Northmarq-edited.jpeg?resize=1536,1152 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/Walmart-carts.-Image-courtesy-of-Northmarq-edited.jpeg?resize=2048,1537 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><figcaption class=\"wp-element-caption\">Walmart is one of the large retailers looking to expand, aiming for another 150 locations in five years. <em>Image courtesy of Northmarq<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>There\u2019s room for growth among many retail brands, particularly in the coffee, automotive and big-big discount retail sectors.<\/p>\n\n\n\n<p>Despite fluctuating economic conditions and shifting consumer behaviors, many retailers \u201c<a href=\"https:\/\/www.commercialsearch.com\/news\/street-retail-surges-toward-full-recovery\/\">are demonstrating resilience<\/a> and agility by actively seeking growth, opportunities, exploring new markets and innovating their offerings and experiences to meet evolving demands,\u201d according to a <a href=\"https:\/\/www.northmarq.com\/insights\/research\/top-100-tenant-expansion-trends\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">new report on retail trends<\/a> from Northmarq.<\/p>\n\n\n\n<p>The paper likened coffee shop growth to the 2010s surge in burger joints. Starbucks and Dunkin&#8217; continue to expand, right along with Dutch Bros., Scooters Coffee and 7 Brew Coffee, which are growing across different regions.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/icsc-las-vegas-special-report-retail-belle-of-the-ball-once-more\/\">Retail\u2019s the \u2018Belle of the Ball\u2019 Again<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p>Popping up seemingly on every corner, this new brew of coffee retailers is catering to enthusiasts seeking quality, coffee, innovation, flavors and convenience service.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-vehicle-age-is-trending-higher-automotive-sector-benefits\">Vehicle age is trending higher, automotive sector benefits<\/h2>\n\n\n\n<p>The average age of vehicles in the U.S. is at a record high of approximately 12.5 years. In turn, O\u2019Reilly Auto Parts plans to grow by 200 locations this year, and AutoZone has a multi-year plan to add 500 stores, capitalizing on the trend.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/charting-luxury-retails-course-in-the-new-economy\/\">Charting Luxury Retail&#8217;s Course in the New Economy<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p>Auto service shops are also thriving. Take 5 Oil Change is looking to add 150 locations each year to keep up with demand. Service stations, convenience stores and car washes are seeing robust growth, with brands such as Wawa expanding into new markets, on their way to reaching 1,800 locations by the end of the decade.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-target-walmart-back-to-growth-mode\">Target, Walmart back to growth mode<\/h2>\n\n\n\n<p>After a recent slow going, Target and Walmart are in expansion mode. During the next decade, Target plans to open 300 new stores, and the brand is exploring a larger footprint concept.<\/p>\n\n\n\n<p>Target has joined the trend shown by other retailers who have committed to lowering prices. It has announced reductions on 5,000 food and household items.<\/p>\n\n\n\n<p>Walmart\u2019s five-year plan calls for the addition of 150 locations, which will reflect its \u201cStore of the Future\u201d concept with a focus on sustainability. Walmart said its new stores will feature improved layouts, greater product, selections, and enhanced technology.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Resilience and agility are leading to opportunities and new markets.<\/p>\n","protected":false},"author":3568,"featured_media":1004719530,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,23891,21742,21749,51037],"tags":[36103,50380,35553,34545,32917],"class_list":["post-1004719526","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-national","category-latest","category-retail","category-trends","tag-dunkin-donuts","tag-northmarq","tag-starbucks","tag-target-corporation","tag-walmart"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Coffee, Auto, Discount Retailers in Growth Mode - 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