Friday, June 17, 2011
Industry News: Accelerating
Kohl’s will open about 40 stores this year, and 30 of them will be smaller models. Kohl’s smaller footprint generally averages 60,000 s/f compared with 90,000 s/f for a typical store...Jersey Mike's Subs is set to expand with the addition of new franchise partners in 7 states. Jersey Mike's Franchise Systems Inc. oversees more than 500 locations...Edible Arrangements plans to open 150 new locations in 2011, and 200 additional locations in 2012. Currently, Edible Arrangements has over 934 open locations, including 10 countries outside the US...2,000 Subway Restaurants franchisees are seeking locations for 2011 openings. Subway has opened nearly 700 new stores. The chain is testing a new Subway café format, specifically for office buildings and upscale properties...Disney Store plans to open interactive concept stores in more than 40 locations; by the end of 2011, it will have 60 new concept stores in 16 major markets in North America and eight countries...Krispy Kreme opened 6 net restaurants in the first quarter, ending the period with 652 locations, which included 86 corporate units and 566 franchised branches...Smashburger has added 5 new franchise partners for a combined commitment for 63 new US franchise units. Smashburger currently has 100 stores nationwide and plans to open 85 new restaurants in 2011. Smashburger's goal is 500 restaurants in the next few years...Macy’s Inc. will open two new stores near Chicago and Milwaukee, including its first-ever location in an outlet mall. The first will open in spring 2012 at Southridge Mall in Greendale, WI. In spring 2013, Macy’s will open a store in outlet center Gurnee Mills in Gurnee, Ill...Golden Gate Capital is buying California Pizza Kitchen Inc. for about $470 million, three months after the restaurant chain put itself up for sale. California Pizza Kitchen has 265 restaurants, with 205 company-run and 60 under franchise or license agreements. The deal is expected to close in the third quarter. Golden Gate's other restaurant buyouts include the purchase of On the Border last year...UK retailer Debenhams could soon enter the US retail market by opening space in Sears stores. Debenhams currently has 60 franchised stores around the world and plans to increase this number to 100...West Marine will open the largest store in the company's history, a 50,000 s/f flagship in Fort Lauderdale, Fla. Due to open by yearend, the store will be twice as big as the company's current largest location, and the largest of five flagship stores West Marine is opening across the country in 2011. The other four are in the 22,000-30,000 s/f range and include a recently-opened store in Woburn, MA...Mazzio's LLC has signed a franchise agreement for a 30 units throughout Virginia. The pizza chain has 170 units. Fransmart, the franchise development company behind QDOBA Mexican Grill, Five Guys Burgers & Fries and Zpizza, is spearheading Mazzio's growth...Marbles: The Brain Store has received $5.5 million from private investors to open 10 stores on the East Coast and Chicago this year. 9 of the new shops will be in New Jersey, Massachusetts and Maryland, with one in Chicago. Marbles has five Chicagoland and three Minnesota locations... Dick's Sporting Goods is moving quickly to open stores with a new target of operating 900 Dick's locations nationwide. Dick's had 447 stores in 42 states as of late April and plans to open 34 more this year…Wal-Mart opened its first Walmart Express in Gentry, AK. The 15,000 s/f store is one-tenth the size of a Walmart superstore. The new store is one of 20 small stores Wal-Mart expects to open by the end of January 2012.