Tuesday, December 18, 2012

Industry News: New England

Yogurtland plans 20 greater Boston locations in the next year. Yogurtland currently has more than 190 US locations with more than 50 additional locations scheduled to open over the next 6 months…The British Beer Co. has signed a lease to move into a 5,800 s/f commercial space at 99 Hanover St. in Portsmouth, NH….Citigroup will close 9 of 31 MA branches and lay off about 66 employees. Citigroup plans to close about 44 bank branches nationwide as part of the cost saving plan. Its Massachusetts and Pennsylvania operations would be the hardest hit of its domestic markets…The Tile Shop will open its first MA store in the former Loehmann’s space at Sherwood Plaza in Natick. A second store is slated to open in Avon. The retailer operates more than 60 stores in 20 states…Ulta Beauty will open next summer at Patriot Place in Foxborough, MA. The 10,000 s/f store will be Ulta’s 8th MA location...Federal Realty Investment Trust has reportedly signed a purchase-and-sale agreement to buy the 12-acre Somerville site owned by IKEA at Assembly Row. Federal Realty is the developer of the Assembly Row project, an outlet mall scheduled to open in 2014. IKEA dropped plans to build a 350,000 s/f store there. Federal is now considering a supermarket, residences and offices on the site. The acquisition will expand Assembly Row, which already includes 450 homes, a theater, a retail facility and restaurants…Amazon.com will begin collecting MA sales tax on purchases made by Bay State customers starting next fall, according to Governor Deval Patrick’s office . Under federal law, online retailers do not have to collect sales taxes from buyers unless the company has a physical presence in the state. Officials in the Patrick administration contend that Amazon’s purchase of a North Reading technology firm, Kiva Systems this year, as well as its ongoing efforts to recruit engineers for a new office in Cambridge, establish the kind of physical presence necessary to collect sales tax. Amazon now collects taxes in eight states...Boston-Cambridge natural-foods grocer Harvest Co-Op opened its Forest Hills store near the Arnold Arboretum in Jamaica Plain. Harvest Co-Op recently vacated its Central Square store in Cambridge, due to a rent increase. Its existing store at 57 South Street in Jamaica Plain will remain open..Lam's Restaurant, at 825 Washington St. in Newtonville, MA a popular eatery serving Chinese and Thai cuisine, will close this month after more than 10 years in business. The restaurant's lease expired in September...Market Basket is scheduled to open its first Maine store next fall, redeveloping the former Lowe's at The Shops at Biddeford Crossing, which has been empty since 2011. Market Basket has 69 stores in Massachusetts and New Hampshire.

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