• Forecast
  • News Tip
  • Categories
Temperature Precipitation
Estimated read time
1m 56s

National chains finding success in Alaska

By Shannon Ballard 6:11 AM March 31, 2014
ANCHORAGE –

A rush of new business around Anchorage points to a recent trend — national chains heading north to find success in the Last Frontier.

Perhaps you’ve noticed all the construction, or are counting down the days until your favorite chain comes to Alaska.

“It adds competition to the city,” said Anchorage resident Stephen Gillies. “We’re big enough now we can handle it, I think.”

“Over time, the smaller mom-and-pop shops are the ones who suffer,” said longtime Alaskan Travis Reft. “They can’t compete with the big money.”

Cabela’s will be the next big chain to open in Alaska. Its grand opening is scheduled for April 10. Manager Kevin Weeks said Cabela’s has been researching the state for years.

“It’s great being next to a great retailer like Target and across the street from the expansion of the outlet mall coming next year,” Weeks said. ”There’s just all sorts of growth down here and its going to be exciting.”

Bill Popp, president and CEO of the Anchorage Economic Development Corporation, said Alaskans have more disposable income here than most other states.

“We like to shop and our total square footage sale — anecdotal, from what we are told — are incredibly successful for any number of national chains that have set systemwide sales records for individual chains,” Popp said. “Word gets around on that and people get excited about that when they start to think about being part of this very dynamic retail market.”

Word of success stories in Alaska entices outside retailers and restaurants.

“We just want to be part of that,” Weeks said.

Cabela’s hired nearly 300 people to staff its first store in Alaska.

If more chains continue to make Anchorage home, AEDC anticipates it’ll have a hard time finding enough bodies to fill the jobs.

“We’ve got a really tight labor market,” Popp said. “Last year’s unemployment rate was five percent.”

It’s the reason he expects chain development to slow down.

“These developments come in cycles and then it slows down for a while, kind of goes flat, doesn’t go backwards but that’s the history that’s shown in Alaska,” Popp said.

We may be hitting the end of a cycle, but the big-name chains are finding out about Alaska and the opportunities that exist here for their long-term success.

Latest Stories

  • News

    UPDATE: Horseshoe Lake Fire reaches 25 acres

    by KTVA CBS 11 News on Aug 30, 15:51

    Crews are working to contain a fire, located off Millers Reach Road north of Big Lake. Early Sunday afternoon, authorities were alerted to the fire. Named the Horshoe Lake Fire, it has reached about 25 acres, as of 8 p.m. Sunday. Both helicopters and ground crews are assisting in the containment efforts, according to Norm […]

  • Crime

    Man stabbed in face after altercation in downtown Anchorage

    by KTVA CBS 11 News on Aug 30, 15:05

    Police say a young adult male suffered a severe stab wound to his face early Sunday morning after an altercation in downtown Anchorage. Around 2:40 a.m. the Anchorage Police Department received a report of a possible stabbing near Seventh Avenue and D Street. It was reported to police that a group of males got into a […]

  • News

    President Obama to announce renaming of Mount McKinley to Denali

    by Sierra Starks on Aug 30, 13:01

    During his trip to Alaska, President Barack Obama will announce that the federal government has officially restored the name of Denali to the mountain previously known as Mount McKinley. “Today, finalizing a process initiated by the State of Alaska in 1975, President Obama is announcing that the Secretary of the Interior Sally Jewell used her […]

  • Lifestyle

    1st weekend of Alaska State Fair kicks off with parade

    by Eric Ruble on Aug 30, 11:52

    The first weekend of the Alaska State Fair kicked off with a parade in downtown Palmer. Forty-five different floats traveled down South Alaska Street, each stopping for 30 seconds at the grandstand to be judged by a panel. Groups from around Southcentral Alaska created their own unique floats that were dispersed between tractors and dozens […]

  • Crime

    Man charged in East Anchorage double homicide

    by KTVA CBS 11 News on Aug 30, 10:37

    Anchorage police have arrested and charged a man in a double homicide that occurred in January. Michael Dorell Kelvin Reynold, 22, was taken into custody on Saturday in connection with the shooting deaths of 27-year-old Christian Haynes and 23-year-old Krystal Hawk, according to a release from the Anchorage Police Department. Haynes and Hawk, a couple, were […]

  • News

    Dillingham plans to voice erosion concerns during President Obama’s visit

    by Emily Carlson on Aug 29, 18:50

    When Dillingham residents are asked what their land means to them, the answer is simple — it’s home. Many fear that, due to erosion, they will not only lose their land but also the culture that’s been built upon those shores.

  • News

    Gov. Walker to fly with President Obama to Alaska

    by Associated Press on Aug 29, 13:15

    Gov. Bill Walker will fly to Alaska with President Barack Obama on Monday. Walker’s office announced in a release Saturday that Walker will accompany the president aboard Air Force One from Washington, D.C. The president will address a State Department global warming conference Monday afternoon in Anchorage. He also has visits planned in Seward, Dillingham […]

  • Crime

    UPDATE: Suspect sought in connection with 1 of the overnight shootings in Anchorage

    by KTVA CBS 11 News on Aug 29, 8:03

    Anchorage police say two men were injured in shootings that happened in the overnight hours between Friday and Saturday. APD is now seeking a suspect, Michael Sharp, in connection with one of those shootings. On Friday, officers went to two homes in response to a verbal altercation between three people, a 23-year-old woman, her 23-year […]