Friday, April 29, 2011

News: Accelerating

Accelerating: Men’s Wearhouse will remodel 100 stores and open 20-30 new stores this year...VF Corp. plans to open 400 US stores across its various brands during the next few years. Brands includes Vans and The North Face...Le Duff group, owner and operator of 820 outlets including the Del Arte and Brioche Doree chains, has purchased the Bruegger's bagel chain from Sun Capital Partners Inc. Terms of the deal were not disclosed. It plans to open 70 additional Bruegger's locations this year...Frozen yogurt concept 16 Handles is set to open 5 new East Coast stores this spring, and expansion plans call for up to 8 new stores in the next 2 years...Wal-Mart will manage nearly 1,600 eastern US stores in 20 states from a new eastern business unit in Atlanta...Five Below opened 3 stores in Baltimore and North Carolina. Five Below plans to open 50 stores this year. At present, it has 141 stores in 13 states...The Wet Seal expects to open 25-27 net new Wet Seal stores in 2011 and 4 net new Arden B stores...Boardwalk Fresh Burgers & Fries has finalized a deal to open more than 30 restaurants in the Northwest, and has more than 200 US restaurants in development...Bar Louie is adding 100 new locations in 20 markets, including Boston, targeting existing restaurant space in the 4,000-7,000 s/f range. The chain has 50 US locations...Olive Garden plans to renovate as many as 400 restaurants into its new Tuscan farmhouse design, introduced in 2000...Sony Electronics unveiled its new Sony store this month in LA. The 4,200 s/f store is designed to allow consumers to explore the complete Sony experience...Dish Network Corp. won the auction for Blockbuster with a bid valued at $228 million in cash. The transaction, expected to close during the second quarter, needs court approval...Cafe Rio Mexican Grill will open its first East Coast location in Olney, MD, the company’s 40th and the first of 9 planned in the DC area. The company currently operates 39 restaurants...hhgregg plans to open 35-45 new stores this year, on top of last year's 43, as it steadily works its way to becoming a 600-store chain. This year's focus will be Chicago, where hhgregg plans to open upwards of 20 stores in the fall...Panchero's taco and burrito restaurants plans to have 60 stores by the end of 2011, and about 20 new locations each year for the next several years. Panchero's has 50 US locations...Bed Bath & Beyond expects to open 45 new stores this year across its banners, which also include Christmas Tree Shops and buybuy Baby, and expects to continue renovating and relocating existing stores...Pier 1 plans to open approximately 80 stores and close approximately 30 stores as part of its net new store growth initiative, which also includes expansion of its store portfolio from 1,046 Pier 1 Imports stores today to approximately 1,100 stores within five years.

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