Thursday, January 19, 2012
Industry News: Accelerating
Dunkin' Donuts plans to double its US locations over the next 20 years. The chain currently operates 7,000 stores nationwide…Dollar General Corp. plans to open 625 new stores in 2012, including its first stores in CA and MA. Dollar General will open stores in 38 states that it already has locations in, and plans to remodel or relocate 550 stores…Giant Food Stores will acquire 16 Genuardi’s stores from Safeway Inc. for $106 million to expand in the Philadelphia area. The outlets will be converted to Giant Foods after completion of the transaction, which is expected to take place in the first half of 2012. Giant operates in Pennsylvania, Maryland, Virginia and West Virginia and has more than 180 outlets…Yogurt chain Red Mango awarded agreements for more than 70 new domestic locations, expanded the chain from 102 to 151 stores, and added Connecticut, South Dakota, and Tennessee to the roster for stores in development…MovieStop plans to double its store count over the next 2 years. MovieStop runs 49 stores on the East Coast, and hopes to have around 100 stores within the next 2 years...DSW Inc. will open 35 to 40 stores in 2012, up from an initial plan of 15 to 20 stores...Jamba Juice will open 40 to 50 new US locations in fiscal 2012. At the end of the fiscal year, Jamba Juice had 750 locations, of which 443 were franchised...Target plans to install Apple mini-boutiques in 25 locations this year, featuring a wider assortment of Apple products than is currently available at Target. Target has already initiated The Shops at Target: the retail giant has tapped five specialty stores to create limited-edition collections housed in a shop-in-shop environment at Targets nationwide. The first go-round features The Webster, The Candy Store, Polka Dog Bakery, Cos Bar, and Privet House.