Thursday, February 16, 2012

Industry News: Accelerating

Bennigan's plans to open 12 new locations in 2012. Bennigan's currently has 33 domestic and 45 international locations…Fantastic Sams Hair Salons has been acquired by Dessange International. Fantastic Sams operates 1,200 salons in 46 states, and Dessange operates salons and beauty institutes in 45 countries…Gap’s Athleta unit will open stores in Chicago, Boston, Houston and Denver in 2012. The company plans to open over 50 stores by the end of 2013…Planet Fitness opened its 500th location last month, and plans to add more than 100 new facilities in 2012. Planet Fitness had only 4 gyms in NH when the company began franchising in 2003…The Disney Store plans 13 new and remodeled locations in North America in 2012. New locations include Denver, Salt Lake City, Orlando, and Danbury, CT…Family Dollar plans 450 to 500 new stores in the current fiscal year. The discounter also plans to continue its store renovation program, making over another 1,000 location…BJ’s Wholesale Club opened 3 locations in VA and NY. BJ’s now operates 195 locations in 15 states as well as 107 gas stations…Auto supply chain Pep Boys has been acquired by private equity firm Gores Group in a $1 billion deal…7-Eleven, Inc. entered into an agreement with Sam's Mart LLC to acquire 55 Sam's Mart stores in North and South Carolina and convert them to 7-Eleven stores this year, part of the retailer's accelerated growth plan. 7-Eleven opened some 650 stores in 2011. The chain operates, franchises or licenses more than 9,000 stores in North America…Togo's Eateries, Inc. signed 23 agreements for new restaurants and opened 7 new California restaurants in 2011. The 241-unit company launched a strategic plan for expansion, which includes remodeling options for franchisees. In 2012, 26 franchise locations and two corporate restaurants will open, and 80 existing restaurants will be remodeled…Golfsmith plans to open 10 new stores and relocate 4 existing stores in fiscal 2012. The company operates 79 stores across the US…H&M will have opened 275 new stores by the end of 2012. The chain operates 2,500 stores in 43 countries...UFood Restaurant Group Inc. has signed an agreement with Euro Café Corporation to create co-branded restaurants at airports, shopping centers, malls, colleges, hospitals, casinos, health clubs and military bases. Euro Café operates cafés in airports in partnership with Hudson News. Headquartered in Boston, UFood Grill operates restaurants airports, hospitals, shopping centers and urban storefronts…Wendy’s plans to build 20 and remodel 50 Company-operated restaurants in the US and Canada in 2012...YO!Sushi will open its first 2 US locations this year in Washington, DC. The company plans franchise agreements for about 30 units by year’s end, with 12 US locations operating by the end of 2013…Flip Flop Shops will expand from its current 50 to 90-plus shops by the end of 2012, with an additional 40-plus already in the pipeline for 2013. The brand projects 236 locations by 2013…Chipotle Mexican Grill expects to open 155–165 new locations in 2012...The Container Store will open 6 locations in 2012, bringing the company's store count to 59 by year's end...GNC will open approximately 125 new retail locations, 15 new franchise locations, and 50 new GNC-Rite Aid store-within-a-store locations.

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