Thursday, May 19, 2011

Industry News: Accelerating

Macy's, Inc. announced locations for three new Bloomingdale's Outlet stores to open in fall 2011. Stores will open in Estero, FL, Schaumburg, IL, and in the Wrentham Village Premium Outlets, Wrentham, MA...Athleta, the sportswear brand by Gap Inc., will open a 3,500 s/f in NYC. Gap is looking for more Manhattan Athleta locations...Chevron plans to add 60 to 100 ExtraMile convenience stores, mostly franchises. Currently, the company has more than 500 ExtraMile locations, of which 232 are owned by franchisees...Fresh & Easy Neighborhood Markets Inc., the grocery/convenience subsidiary of Tesco PLC, plans 50 more store openings by the end of the current fiscal year. The firm expects to break even by the 2012/2013 fiscal year when it hits around 300 stores...Francesca's Restaurants, the Chicago-based chain of 20 restaurants plans to open 50 to 60 national locations...Pep Boys plans to add 50 stores nationally this year. The company has 602 locations...SuperValu plans to increase its Save-A-Lot division by 160 new stores this year. There are currently 1,280 US stores...7-Eleven Inc. will buy the Wilson Farms convenience store chain, and will rebrand the stores. Wilson Farms has 188 stores in New York State. 7-Eleven operates 6,700 US locations, and more than 40,500 locations worldwide...Darden Restaurants plans to more than double the size of LongHorn Steakhouse, from the current 345 locations to 600 to 800 units over the next decade...Children's clothing retailer Carter's plans to add 55 new Carter's and OshKosh B'gosh stores in 2011...hhgregg opened a 31,000 s/f store in Myrtle Beach, SC...Hudson’s Bay Co. will test its Home Outfitters concept in the US, opening two stores in New Jersey in late summer. If successful, the company will expand the home-goods concept, which will be called Lord & Taylor Home in the US...Restaurant chain Texas Roadhouse opened two restaurants so far this year, with a forecast of 20 new stores by the end of the year...Rue21 announced the opening of its 500th etc! store. The etc! format was introduced 5 years ago to highlight the company's expanded accessories category, and has been incorporated into all new Rue21 stores and remodels. The company is on target to open 110 new stores and convert approximately 35 existing stores to the etc! format in 2011...Ollie's Bargain Outlet Inc. plans to open its 100th store next month in a former Circuit City location in Barboursville, WV. Ollie's plans to open 16 stores this year, and plans to have 200 stores within five years...Walmart announced plans to open dozens of new stores throughout South Carolina over the next five years. Walmart has 77 Walmart stores, nine Sam's Club locations and two distribution centers throughout the state...U.K.-based apparel brand Superdry plans to open 3 new stores in the coming months. The company hopes to open 10 to 12 stores a year over the next four years. Currently, the company operates 110 stores worldwide...Firehouse Subs announced the signing of nine agreements to add 429 restaurants to the chain. Firehouse Subs has grown from 30 restaurants in 2000 to its 416 current locations. The company has set goals to open 2,000 locations by 2020.

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