• 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

  • Couple married 69 years die minutes apart, holding hands

    by Associated Press on Apr 26, 16:45

    HIGHLAND PARK, Ill. (AP) – The children of a suburban Chicago couple married for 69 years say their parents died just 40 minutes apart while holding hands at a hospital. Teresa Vatkin died Saturday at 12:10 a.m. at Highland Park Hospital at age 89. Her husband, 91-year-old Isaac Vatkin, died around 12:50 a.m. Relatives say […]

  • Lifestyle

    Neanderthals in California? Maybe so, provocative study says

    by CBS News/Associated Press on Apr 26, 16:05

    NEW YORK – A startling new report asserts that the first known Americans arrived much, much earlier than scientists thought – more than 100,000 years ago. And maybe they were Neanderthals. If true, the finding would far surpass the widely accepted date of about 15,000 years ago. Researchers say a site in Southern California shows […]

  • News

    Alaska Air beats 1Q profit forecasts

    by Associated Press on Apr 26, 15:33

    SEATTLE (AP) – Alaska Air Group Inc. (ALK) on Wednesday reported first-quarter profit of $99 million. On a per-share basis, the Seattle-based company said it had net income of 79 cents. Earnings, adjusted for one-time gains and costs, came to $1.05 per share. The results exceeded Wall Street expectations. The average estimate of nine analysts […]

  • News

    For $425, Nordstrom will sell you a pair of dirty jeans

    by Associated Press on Apr 26, 15:20

    NEW YORK (AP) – Department store Nordstrom is getting dragged through the mud on social media for selling a pair of dirty-looking jeans for $425. The department store chain says the five-pocket, button-fly dirty denim pants — dubbed PRPS Barracuda straight-legged jeans — are “heavily distressed” and “embody rugged, Americana workwear that’s seen some hard-working action with […]

  • Politics

    Walker tries to force lawmakers to weigh nominees

    by Associated Press on Apr 26, 15:16

    JUNEAU, Alaska (AP) – Alaska Gov. Bill Walker is trying to force legislators to consider his appointments to boards, commissions and key administration posts. This comes after Alaska’s Senate refused House requests to meet in joint session to consider confirmations. Walker issued a proclamation Wednesday calling the Legislature into joint session Thursday. He cites two […]

  • News

    Retailers struggling through their toughest year in a decade

    by CBS News on Apr 26, 13:26

    After a subpar holiday season, U.S. brick-and-mortar retailers are off to an even more cheerless year, with 14 having already having declared bankruptcy in 2017. Women’s clothing label Bebe is the latest casualty, announcing on Friday it would close all 175 stores and liquidate its inventory. The news followed bankruptcy filings by Payless, H.H. Gregg, BCBG […]

  • DayBreak

    Workforce Wednesday: The National Center for Construction Education and Research

    by Daybreak Staff on Apr 26, 13:01

    The Alaska Process Industry Careers Consortium (APICC) has become a sponsor for the National Center for Construction Education and Research (NCCER). The NCCER is a nonprofit that helps people build skills and earn credentials across the oil and gas, construction and mining industries. Mandy Beaulieu who is with both APICC and NCCER, says it can […]

  • Juneau police investigate tires slashed on 30-plus vehicles

    by KTVA CBS 11 News on Apr 26, 12:10

    The Juneau Police Department is asking for the public to provide any information they may have on a tire slashing rampage that occurred Tuesday. According to police, 33 vehicles had their tires slashed in the 2000 and 3000 block of the Douglas Highway Tuesday night. The agency provided few other details, only that the vehicle […]