Thursday, August 20, 2020

ACCELERATING NEWS

 Capriotti’s Sandwich Shop plans to expand to 500 locations by 2025 through franchising. Capriotti’s has 100 US locations…Pet Supplies Plus will open 20 new stores this coming year, including its 500th location…Bruster’s Real Ice Cream opened 3 new stores and has 5 stores under construction. There are 200 Bruster’s in 21 states…Aurify Brands plans to reopen more than 40 Le Pain Quotidien units after purchasing the brand out of bankruptcy. The brand has 98 US units...Primark will open 5 new stores this year worldwide, including 2 US locations. Primark has 375 stores... Kum & Go opened its 1st new concept urban convenience store in Des Moines. The retailer will expand the concept to Denver, with 5 locations in other cities to follow. Kum & Go has 400 stores in 11 states…Big Blue Swim School is opening 3 swim schools in Louisville, KY. The company plans to open 1 location per year over the next 3 years. Big Blue has 5 locations in Chicago, 1 in Atlanta, and 80 units in development…Walgreens Boots Alliance has entered into a partnership with VillageMD to open 500 to 700 primary care clinics in more than 30 US markets during the next 5 years, with a plan to build hundreds after that…Meijer has opened 5 new locations in 4 states. Meijer operates 253 supercenters and grocery stores in 6 states... Whataburger is opening restaurants in Tennessee and Kansas City. There are 15 more openings this year, and 25 next year...RSG Group GmbH was selected as the winning bidder in a court-approved auction to acquire Gold’s Gym. With this acquisition the RSG Group will have over 900 locations on 6 continents. Gold’s Gym has just under 700 gyms…Tropical Smoothie Café has opened 43 new locations in 2020, with 35 opening since March 1. The company has signed 103 new franchise agreements this year in 25 states...Rue 21 will open 3 new brick-and-mortar stores this month in South Carolina, Tennessee, and Texas, bringing the chain’s store count to 673 in 45 states... Amazon is planning to open 3 grocery stores under its new, still-unnamed banner in the Philadelphia metro area by the end of the year.  Amazon is also planning conventional grocery stores in North Hollywood, CA, the Chicago suburbs of Oak Lawn, Schaumburg and Naperville, Seattle and Washington, DC, and plans to open Amazon Go grocery stores in Redmond, WN and Washington DC…Lidl opened a store in North Brunswick, its 10th store in New Jersey. Lidl plans to open 25 new stores by the end of next year, and opened its 100th US store in May…Fashion retailer Aritzia will be taking over the space formerly occupied by Dean and Deluca in the NYC’s Soho district. Aritzia has more than 95 locations...Aldi will open 70 new stores in the 2nd half of 2020, after recently surpassing 2,000 locations in 36 states. With the addition of 70 more stores this year, Aldi moves closer to a goal set in 2017 of 2,500 US stores by the end of 2022...Ulta Beauty expects to open 30 new stores in fiscal 2020. The retailer had paused its new store growth in the first quarter, but openings are expected to resume in August.  In addition, Ulta plans to permanently close 19 stores in the second and third quarter of 2020. As of May, the company had 1,264 stores across 50 states.. BJ’s Wholesale Club is opening 2 new locations in New York, its 220th and 221st locations. Both are due to open in early 2021.... Brooks Brothers will be sold to Authentic Brands Group and SPARC Group, a partnership with Simon Property Group, for $325 million. The company has more than 200 stores in the US and Canada, and 500 worldwide in 45 countries. Authentic Brands and Simon Property have teamed up to buy other well-known brands, including Frye, Juicy Couture, Aeropostale, and most recently Lucky Brand Dungarees, which filed for bankruptcy at the beginning of July.  As of May, Lucky Brand operated 112 stores and 98 outlet locations in North America... Marathon Petroleum has agreed to sell its Speedway chain to 7-Eleven. The transaction is expected to close in the first quarter of 2021 subject to closing conditions. Marathon Petroleum Corp. has 3,900 US stores.  7-Eleven Inc. has more than 9,300 US stores. and 71,100th worldwide...Sour Patch Kids is opening of its first-ever brick-and-mortar location, in Manhattan. The store will include a sweets bar, create-your-own candy mix station, and limited-edition merchandise...Sola Salon Studios signed agreements with 8 franchise groups that will bring 22 new locations to key US markets over the next several years…The Melting Pot Restaurants will grow by more than 30 franchise locations through the end of 2024…2 Texas Roadhouses and 1 Bubba’s 33 were opened during the 2nd quarter. Two more Roadhouses opened in July, with 4 more slated to open in the third quarter; another 8 will open by the end of the year...Dick’s Sporting Goods is opening 11 new stores in August: 4 namesake locations, 1 combination Dick’s/Golf Galaxy, 5 Dick’s Sporting Goods Warehouse Sale clearance outlets and 1 Overtime by Dick’s Sporting Goods. Following the openings, Dick’s will have 729 namesake stores, 96 Golf Galaxy stores, 10 Warehouse Sale stores, and 4 Overtime stores...FAT Brands purchased Johnny Rockets from an affiliate of private-equity firm Sun Capital Partners, Inc. for $25 million, its first acquisition since Elevation Burger in June 2019. Johnny Rockets currently has 325 locations, 9 of which are corporate units... Trader Joe’s is opening 4 new stores…Whole Foods opened new stores New York City, Colorado, Maryland, Washington, DC, and Austin, Texas....Retail Ecommerce Ventures acquired Modell’s Sporting Goods at a bankruptcy auction for $3.64 million.  The sale makes Modell’s a majority-owned subsidiary of REV. Among REV’s most recent acquisitions are Pier 1 Imports, Linens ‘n Things, Franklin Mint, and Dressbarn... Payless ShoeSource, which filed for bankruptcy protection last year and went on to close approximately 2,500 stores, unveiled its strategy to turn around the business, launch a new e-commerce site as well as a new retail prototype, and open 30 to 45 stores by the end of next year.

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