ROCHESTER — It appears the Mayo Clinic is expanding from downtown Rochester to open a new retail store on South Broadway.
A building permit has been filed for “the interior design of an existing commercial space. (Mayo Clinic Store)” for the sequence 36 in the
Crossroads Shopping Center at 1201 Broadway Ave. S.
This means the Mayo Clinic Store is moving into a long-empty space next to
Arrow Hardware at the south end of the mall. The Mayo Clinic has not yet confirmed a timeline for this project.
This space is best known as the location where Hancock Fabrics
operated for many years until it closed in 2016. It was then that Hancock Fabrics closed all of its 255 stores after filing for bankruptcy.
The Mayo Clinic has four other outlets in Rochester that sell a variety of products, including medical supplies, compression garments, mastectomy products, wigs, Mayo logo apparel, and apnea equipment. sleep.
This will be one of the first times in years that the Mayo Clinic has operated a store in Rochester outside of downtown. There was a store located inside Saint Marys Hospital on Second Street Southwest. It closed in 2008, after four years of operation.
Branded retail stores generate steady revenue for Mayo Clinic, with some years doing better than others. In 2021, the stores accounted for $67 million in revenue, an increase of 17.5% from $57 million in 2020.
Mayo Clinic stores totaled $38 million in 2019, compared to $44 million in 2018.
Jeff Kiger tracks business activity in Rochester and southeastern Minnesota every day in “Heard on the Street.” Send tips to
or via Twitter to
. You can call him at 507-285-7798.