By Bill Read
June 29, 2023
Stein Mart’s backfilling: Which anchor retailers are opening stores?
RETAIL SPECIALISTS TOOK A DEEP DIVE INTO WHICH RETAILERS HAVE BEEN BACKFILLING THESE LOCATIONS
- Stein Mart backfilled spaces by retailer
- Stein Mart backfilled spaces by retail category
- Category breakdown
- We currently track 189 out of 281 spaces being backfilled.
Looking at the retailers that leased former Stein Marts is a good indication of who will fill the former Bed Bath & Beyond. Stein Mart filed chapter 11 in 2020. We tracked these spaces in April 2022 and have now updated that report.
Burlington remained the biggest consumer of these anchor spaces, taking 22 of them. Crunch was second in these backfills with 13. The most active categories by use were Apparel, Furniture-Home Décor, Fitness, Grocery and Sporting Goods.
Considering all the Bed, Bath and Beyond spaces becoming available, this should give us an idea of the type of users that will be looking to backfill those spaces.
If you or your clients are aware of any of the spaces on the list being filled, please send Bill Read the information and he will add it for our next update.
The Read Report
Industry report on trends with commercial retail real estate.
Researched and written by Bill Read.
About Retail Specialists
Retail Specialists, LLC (RSI) is the premier retail real estate services firm in the south. We are committed to long-term relationships in property management, retail representation, development, and leasing and brokerage. Founded in 2005, we’ve thrived through tough times and shine under pressure. A unique mix of experience, technology, and data have proven successful in a business we love.