Monday, September 26, 2011

Industry News: Accelerating

Casual Male Retail Group plans to open 13 DestinationXL stores this year, 20-30 stores in 2012, and approximately 100 stores over 4-5 years…mall retailer Spencer Gifts has leased its first-ever Manhattan location. The chain operates more than 600 stores…Del Frisco’s Restaurant Group opened the first unit of its newest concept, Del Frisco’s Grille, in New York, and plans to open another 4-6 units every year for the next several years. Del Frisco’s Grille is a smaller, more casual version of its 9-unit Del Frisco’s Double Eagle Steakhouse concept, The company, which also operates 20 Sullivan’s Steakhouse restaurants, plans to “backfill” the 9 markets in which Del Frisco’s currently operate: Dallas; Fort Worth; Denver; Houston; Charlotte, N.C.; Las Vegas; Boston; Philadelphia and New York. The company plans one new Del Frisco’s restaurant and one new Sullivan’s Steakhouse each year…Toys “R” Us will open 21 stores across 13 states by yearend, including 11 “R” Superstores (full-size Toys “R” Us and Babies “R” Us stores under one roof) and 10 “Side-by-Side” locations, and expects to have completed the remodeling of 23 existing Side-by-Side locations by the end of the year. Toys “R” Us embarked on its integrated store strategy in 2006, and since then has converted more than 100 of its traditional US stores to the Side-by-Side format. In 2007, the company opened the first of its new “R” Superstores. By the end of 2011, the company will operate 43 “R” Superstores nationwide...Tiffany & Co. plans to open 17 company-operated stores between now and fiscal year-end 2012, which includes six in the Americas…Bebe Stores expects to open four Bebe stores and as many as seven 2b stores in the new fiscal year, including two stores to be converted from Bebe to 2b. It plans to close 10 Bebe locations. International licensees are expected to add up to 30 standalone stores and 30 shop-in-shops...New Balance has opened its first Experience Store, in New York City. The approximate 4,000 s/f space is designed to reflect the heritage of the century-old brand, the only athletic brand to continue to manufacture shoes in the US. The decor features restored original brick walls and floor-to-ceiling columns .A two-lane track runs along one of the store’s perimeter walls which features a sunken treadmill. Behind a glass-enclosed space, an associate from the company’s Maine facility will assemble No. 880 running shoes. Each pair will be sold in a special ‘Assembled in NYC’ drawstring bag stamped with the date made and edition number. The store will host a live video feed from the company’s Lawrence, MA manufacturing floor...Saks Inc. announced the addition of 5 Saks Fifth Avenue Off 5th stores for 2012, located in upscale outlet, lifestyle, and strip centers in Merrimack, NH, Syracuse, NY, Livermore, CA., Grand Prairie, TX, and Nashville, TN. Saks had previously opened 2 new Off 5th stores and plans to open 3 more later this year. The stores feature an open loft-like environment and range from 25,000 to 28,000 s/f...A federal bankruptcy court judge has approved a deal allowing Books-A-Million to buy the leases of 14 Borders stores. Books-A-Million, now the nation’s second largest bookseller after Barnes & Noble, initially had sought to buy out the leases of 30 to 35 Borders stores. The deal gives Books-A-Million its first stores in New England, expanding its geographic footprint. Books-A-Million operates 231 US stores…A Delaware court has approved the reorganization plan of Harry & David Holdings Inc. The company expects to emerge from bankruptcy on or around Sept. 13. The mail-order food company, known for its fruit baskets, filed for Chapter 11 protection in March, citing falling sales and competition from big-box retailers...Dollar General is on track to expand into Nevada, Connecticut, and New Hampshire in the second half of the year. Dollar General opened 301 new stores in the second quarter and expects to grow square footage by about 7% for the year. The company currently operates more than 9,640 US stores...Seattle’s Best Coffee announced the addition of 12 new locations which have opened since April 2011, completing a portfolio of locations in venues such as city centers, college campuses, airports and office complexes. There are nearly 100 Seattle’s Best locations in the US and Canada...The first Lord & Taylor Home store opened in NJ. The 23,000 s/f store will carry kitchen, bath and bedroom merchandise. Lord & Taylor’s parent, Hudson's Bay Trading Co., owns the license to the Linens 'n Things brand name, and the store will carry Linens 'n Things merchandise.

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