Wednesday, December 16, 2020

ACCELERATING NEWS

 P.F. Chang’s will open 20 pop-up carry-out locations in NYC & Chicago in the coming months...Amazon has opened its 2nd Amazon Fresh store, in Irvine, CA... Ross Stores opened 30 Ross Dress for Less and 9 dd’s Discounts stores across 9 states in October, completing its growth plans for fiscal 2020 with the addition of 66 stores. Ross Stores operates 1,594 locations in 41 states, and 275 dd’s Discounts stores in 21 states...Avon has opened its 1st physical location, in LA. The 19,000 s/f store, called Studio 1886, is designed as an immersive experience for the brand...Nordstrom will open 2 more Nordstrom Local stores in LA, one of Nordstrom’s largest markets with 14 full-line stores, 30 Rack stores and 3 Nordstrom Locals…Tuesday Morning  will not seek a sale of its assets in Chapter 11, but will seek approval to reorganize as a standalone entity and exit bankruptcy...Inspire Brands has entered into an agreement to acquire Dunkin’ Brands for $11.3 billion. The transaction is expected to close by the end of 2020. With this deal, Inspire grows from over 11,000 restaurants to more than 31,000 with the addition of Dunkin’s 20,000 restaurants...Home Depot has signed a new retail lease in Manhattan for a 120,000 s/f, 4-level space that is is currently home to Bed Bath & Beyond, whose lease expires in 2021...Shake Shack plans to open 35-40 stores in 2021.. Men’s Wearhouse has unveiled a new, 3,000 s/f remodeled store with a reduced merchandise mix and contemporary design...Ulta Beauty has entered into a deal to open Ulta shops inside hundreds of Target stores nationwide. The initiative will roll out at 100 Target stores in 2021.  Terms of the agreement were not disclosed...Bluestar Alliance has signed an agreement to acquire Justice from its parent Ascena Retail Group. Bluestar’s portfolio includes Hurley, bebe, Tahari, Brookstone, Limited Too, and others, with more than 250 stores worldwide...Bed Bath & Beyond has completed the sale of Christmas Tree Shops, its Linen Holdings business, and a distribution center in NJ for app. $250 million…Green Thumb Industries Inc., a cannabis goods company and owner of Rise retail stores, opened Rise Kendall, its 50th retail location…Grocery Outlet will open 3 to 5 stores on the East Coast next year, and expects to open 35 total stores next year... Dollar General opened its 17,000th store, and has launched its first 2 Popshelf stores, a new concept offering non-consumable products and targeting primarily middle-class women. The first 2 stores are in the Nashville area. Dollar General expects to open 30 Popshelf stores by the end of fiscal 2021, and plans to open 1,050 stores in 2021, remodel 1,750 stores, and relocate 100…uBreakiFix has opened its 600th location…The Spice & Tea Exchange opened 5 stores. The company has more than 70 US stores...Ahold Delhaize entered into an agreement, along with Centerbridge Partners, to acquire online grocer FreshDirect for an undisclosed sum. FreshDirect delivers fresh groceries to customers in 7 states...Ascena Retail Group, parent of Ann Taylor, LOFT, and Lane Bryant will be bought out of bankruptcy by private equity firm Sycamore Partners, which owns Talbots, The Limited, and Staples. The company plans to keep a substantial portion of the stores, and expects the deal to close by mid-December…Goldfish Swim School Franchising, LLC signed 20 agreements, on track to surpass last year’s 17 openings...Tropical Smoothie Café opened its 900th cafe, signed 214 franchise agreements, and opened 87 US locations...Aldi opened a 3rd Miami location. Aldi now has 42 stores in Florida, part of a strategy to add 70 locations this fall alone. With over 2,000 stores in 36 states, Aldi will become one of the largest US grocers by 2022…Kohl’s announced a partnership to open 200 in-store Sephora shops by next fall, and expand into 850 Kohl’s stores by 2023. The shops will average 2,500 s/f...Retail Ecommerce Ventures won a bankruptcy court auction for the intellectual property of Stein Mart Inc., with a bid of $6.02 million. REV plans to relaunch the brand, which declared bankruptcy in August and shut down operations, as an online-only retailer in 2021. REV owns various assets of Dressbarn, Franklin Mint, Linens ‘n Things, Modell’s Sporting Goods, Pier I Imports, and Radio Shack…Tailored Brands, whose brands include Men’s Wearhouse, Jos. A. Bank, Moores Clothing for Men, and K&G, has emerged from Chapter 11 bankruptcy protection and completed its restructuring. Under the terms of the plan, Tailored Brands has eliminated $686 million of debt. Tailored Brands filed for bankruptcy in August, after it announced plans to close 500 stores...J.C. Penney has exited Chapter 11 and completed its sale agreement under which Simon Property Group and Brookfield Asset Management acquired substantially all of Penney’s retail and operating assets. The deal was approved by a bankruptcy court in early November. Penney, which closed stores throughout the bankruptcy process, exits Chapter 11 with close to 700 stores nationwide...Walgreens and VillageMD will open 40 primary care clinics by next summer...Twist Brands LLC, parent company of Painting with a Twist, has acquired Color Me Mine and Chesapeake Ceramics, a ceramics supplier. Color Me Mine has 140 units. Painting with a Twist has 300 studios open or in development in 39 states...Nonantum Capital Partners is purchasing Ross-Simons for an undisclosed sum. Ross-Simons sells jewelry online and has 2 Sidney Thomas stores…Starbucks plans to increase its store count to about 55,000 by 2030, up from 33,000 today

No comments:

Post a Comment