Make us your home page
Instagram

Hernando's trend of opening big retail spots slows due to lack of bank lending, wary shoppers

For a while, even after the economy turned sour, Hernando County continued to see new stores pop up. Kohl's and Target opened on Spring Hill Drive. A Publix supermarket opened in the Shoppes at Avalon on County Line Road. Sports Authority and Best Buy opened on U.S. 19 in Spring Hill.

For national companies, new stores are usually in the pipeline long before shoppers walk in clutching their grand opening fliers.

But now, with bank lending on hold and consumers watching their pocketbooks, that pipeline is nearly dry. And it's uncertain when residents will see new shopping centers, box stores or national chain restaurants opening any time soon.

Two exceptions were when HHGregg and Bed Bath & Beyond filled empty stores left behind at Coastal Landing Shopping Center after Circuit City and Linens 'n Things declared bankruptcy. The new stores, which opened just a few months later, offered similar merchandise and were able to capitalize on both location and consumer knowledge.

For the foreseeable future, it's likely that smaller shops, franchises and mom-and-pops will continue to backfill the empty storefronts around Hernando County, said Michael McHugh, the county's director of business development.

One location that shows economic promise this year is U.S. 19 near the new Pasco-Hernando Community College campus, scheduled to open late this summer.

Owner Craig Turner says his restaurant, which recently went through a renovation and name change — from Dairy Queen to DQ Grill & Chill — has benefited from the PHCC construction, and he expects it will be a popular place with students and staff when the campus opens.

The restaurant has had good numbers so far, even during what is normally the slowest time of year. And Turner is optimistic about the future.

"Competition has thinned out," he said. "Folks who have made it have leaned down and positioned themselves to come back."

Shary Lyssy Marshall can be reached at slmarshall.sptimes@gmail.com.

Related content:

Hernando County's job situation worse than statistics show

Bargains for buyers, but anxiety for builders in Hernando's housing market

Hernando County training and education classes help entrepreneurs and the unemployed

Hernando needs large-impact, high-wage, county business officials say

Lack of widespread broadband Internet service puts Hernando County at a disadvantage

Hernando's trend of opening big retail spots slows due to lack of bank lending, wary shoppers

Dust settles on mining operations in Hernando County

Banks hope consumers, businesses are ready for economic turnaround

Hospitals try to keep more patients in Hernando County

Hernando County Chamber of Commerce moving to new location at airport

Hernando County Airport offers alternative to Tampa, Orlando

Blueberries become multimillion industry in Hernando County



Hernando County Office of Business Development 2009 projects

(New or expanded businesses)

Project type of work # of Jobs
AME International tire-changing equipment manufacturer/distributor 5 jobs
Woodco Truss truss manufacturer 30 jobs
Airdyne aviation products 5 jobs
Neubert Aero aviation products 25 jobs
Brooksville
Air Center
fixed-based operator 20 jobs
Global Jet Care air ambulance services 20 jobs
Zymol car wax manufacturer/
distributor
10 jobs
Better Mix Plant cement manufacturer 10 jobs
Mejor Foods food product distributor 5 jobs
HETA technical training provider 4 jobs
HealthSouth Central Billing Center back office operations
billing center
5 jobs
Excalibur
Manufacturing
plastic injection molding
manufacturer
N/A
Flagstone Pavers decorative paver
manufacturer
5 jobs
Accuform safety sign manufacturer 5 jobs
Chasco Machine precision machining 31 jobs
Sparton Electronics electronics manufacturer 175 jobs*


* Retained jobs

Source: Hernando County Office of Business Development

Related content:

Hernando's trend of opening big retail spots slows due to lack of bank lending, wary shoppers 02/27/10 [Last modified: Saturday, February 27, 2010 4:48pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. As St. Petersburg's Jabil Circuit broadens its business, it shrinks its name to Jabil

    Corporate

    St. Petersburg's Fortune 500 company, Jabil Circuit, informally tossed aside the "Circuit" in its name some time ago. That's because circuit board manufacturing, the company's core business for decades, has been squeezed out by a broader business agenda ranging from consumer packaging to supply chain management.

    Jabil Circuit informally dropped "Circuit" from its marketing material and signage, like at its St. Petersburg headquarters, years ago. Now it's official.
[Times file photo]
  2. Kahwa Coffee to open second drive-thru store in St. Petersburg

    Retail

    Kahwa Coffee will open its 12th location and fourth with a drive-thru in a former "farm store" in St. Petersburg.

    Kahwa Coffee will open its 12th location and fourth with a drive-thru in a former "farm store" in St. Petersburg.
[Times file photo]

  3. Target Corp. reaches $18.5 million settlement with 47 states over data breach

    Retail

    NEW YORK — Target Corp. has reached an $18.5 million settlement over a massive data breach that occurred before Christmas in 2013.

    Forty-seven states and the District of Columbia have reached an $18.5 million settlement with Target Corp. to resolve the states' probe into the discounter's massive pre-Christmas data breach in 2013. 
[Associated Press]
  4. John Morgan 'prepared to invest $100M' in medical marijuana

    State Roundup

    John Morgan spent nearly $7 million pushing two statewide ballot initiatives to expand medical marijuana throughout the state of Florida.

    Personal injury lawyer John Morgan says he's ready to invest $100 million in medical marijuana. [SCOTT KEELER | Tampa Bay Times]
  5. Google tracking real-world sales as well as online ads

    Business

    SAN FRANCISCO — Google already monitors your online shopping — but now it's also keeping an eye on what you're buying in real-world stores as part of its latest effort to sell more digital advertising.

     Google already monitors your online shopping - but now it's also keeping an eye on what you're buying in real-world stores as part of its latest effort to sell more digital advertising. 
[Associated Press]