Robb & Stucky to enter new markets
Clint Engel -- Furniture Today, March 6, 2005
Tampa, Fla. — Robb & Stucky is ready to grow again, with new full-line and patio stores planned for Palm Beach Gardens, Fla. The company also has an eye on other new markets.
The 17-store upscale retailer will open an 80,000-square-foot store as an anchor in a home furnishings-oriented lifestyle center under development in growing Palm Beach Gardens, north of West Palm Beach.
The center also will include a 12,000-square-foot freestanding Robb & Stucky Patio store, said Fred Berk, president of the Fort Myers, Fla.-based Top 100 company. The retailer hopes to open both by year's end.
The rising popularity of lifestyle centers — open-air, upscale mall-like environments — along with consolidation of big-box retailers in existing malls and shopping centers, offer opportunities for Robb & Stucky, said CEO Clive Lubner.
"People are talking to us about (anchoring several) lifestyle centers," he said.
Berk said the store has been approached about potential anchor spaces in centers planned for Las Vegas and Jacksonville, Fla., two markets that are on the retailer's radar. But he said these are "2006–2007 opportunities."
If Robb & Stucky were to consider other malls, Lubner said, they would have to be as an anchor with parking lot access and in "a luxury mall with other luxury retailers."
The company expects sales in its year ending in June to hit $260 million. In July, Robb & Stucky will be in the second year of a five-year plan to become a $500 million company.
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