Tuesday, December 18, 2012
Industry News: Accelerating
Urban Outfitters is planning 49 new stores, including 18 Urban Outfitters, 15 Free People, 14 Anthropologie, one BHLDN and one Terrain for fiscal 2013…DSW Inc. plans to open 25 to 30 new stores next year…PGA Tour Superstore opened its first Northeast location, a 57,000 s/f store in Paramus, NJ, the chain’s 15th location…Ulta Beauty will open about 125 stores in 2013. In the third quarter, Ultaopened 49 stores and ended the period with 537 stores…Starbucks will open at least 1,500 US stores in the next 5 years...Fatburger announced the signing of an agreement with The Riese Organization to bring the brand to New York City and surrounding areas. The first Fatburger will open in the Murray Hill neighborhood in the spring of 2013. Riese will develop and operate multiple Fatburger locations across Manhattan, as well as Queens, Bronx, Brooklyn, Nassau, and Suffolk. Fatburger currently has more than 140 locations across the United States, Canada, Asia, and the Middle East...Dollar General plans to open approximately 635 stores in fiscal 2013, including 20 Dollar General Market stores and 40 Dollar General Plus stores. The company also plans to remodel or relocate approximately 550 stores…Yumz Gourmet Frozen Yogurt has locked in 50 locations in its first year of franchising and will open more than its goal of 100 new stores by 2014. Yumz Gourmet Frozen Yogurt opened its first store in Chicago in 2010...Cinnabon opened its 1,000th bakery. Since opening its first bakery in 1985, Cinnabon has expanded its footprint to cover 48 states and 50 countries this year. Throughout the remainder of 2012 and into 2013, Cinnabon plans 200 new domestic and international openings…Hurricane Grill & Wings announced 18 new restaurant openings in the coming year. The chain finished 2012 with 48 locations in six states...CVS Caremark will accelerate MinuteClinic’s growth, and now plans to operate at least 1,500 clinics by 2017, continuing to enter new markets, including Hawaii and Louisiana next year...Caribou Coffee Company, Inc. and the Joh. A. Benckiser Group announced a definitive merger agreement under which an affiliate of JAB will acquire Caribou for approximately $340 million. Caribou will continue to be operated as an independent company with its own brand, management team and growth strategy. As of September 30, 2012, Caribou Coffee had 610 coffeehouses.