Wednesday, September 19, 2012
Industry News: Accelerating
Dick's Sporting Goods is on track to open 21 new stores in the third quarter and a total of 38 stores for the year…Zumiez Inc. is on track to open 50 new stores in fiscal 2012, including up to 10 stores in Canada....Fashion retailer Dots new CEO Lisa Rhodes has been charged with leading Dots’ march toward 1,000 stores within the next few years. Dots currently has more than 400 stores in 28 states…DSW Inc. is on track to open another 27 new stores over the next six months…Jos. A. Bank plans to expand to about 800 stores nationwide — 700 full-line stores and 100 outlet stores — up from a previous target of between 650 and 675 stores. The company expects to open between 45-50 stores in each of fiscal 2012 and 2013 including about 10 factory outlet stores each year. Jos. A. Bank currently operates 572 stores in 45 states...The Walt Disney Co. opened its first store under the Disney Baby banner in Glendale, Calif. Disney Baby sells a wide range of infant care products. Disney plans to create Disney Baby sections in its Disney Stores nationally…Gymboree Corp. plans to open 115 new stores, including 90 locations for its value-priced Crazy 8 concept...Nine West has opened the first standalone Vintage America Collection line in New York City’s SoHo neighborhood…Dalian Wanda Group Co. Ltd. of Beijing closed on its acquisition of AMC Entertainment Holdings Inc., paying $2.6 billion and becoming the world's largest movie theater owner. Wanda is reportedly committed to putting half a billion dollars toward capital improvements. Operations of the theaters will remain the same and most of the 18,500 employees will remain with the company...The Men’s Wearhouse will open 5 Men’s Wearhouse Outlet stores in the fourth quarter, located in outlet centers across the US…Microsoft Corp. will open 32 pop-up stores in the US and Canada in time for the holiday shopping season...Toys “R” Us will open 150 to 200 temporary locations for the holidays under the Toys “R” Us Express banner…Ace Hardware Corp. is on-track to open 170 new domestic stores in 2012. Ace retailers opened 30 stores in the first quarter and 36 stores in the second quarter for a total of 66 new activations year to date. 31 retail locations have converted to Ace Hardware from competitive formats.