Wednesday, February 20, 2013
Industry News: Accelerating
Cabela’s plans to open two new stores, a 100,000s/f store in SC in spring 2014 and an 85,000 s/f store in MN in fall 2014…Dunkin’ Donuts will open 330 to 360 net new US restaurants in 2013 as part of its long-term goal of more than 15,000 restaurants in the US alone. Dunkin' Donuts opened 291 net US locations in 2012…Dollar General Corp. will open 635 new stores in 2013, and relocate 550 stores...Auntie Anne's projects opening 100 new US stores throughout 2013…Five Below will open 60 stores this year, including its first locations in Texas. With the addition of these stores, Five Below will operate approximately 300 locations in 19 states, from New Hampshire to Georgia along the East Coast to Illinois and Missouri in the Midwest…The 27-unit chain Ground Round will boost its unit count by almost 50% over the next several years, with about 40 locations planned by 2015…Starbucks will open approximately 1,300 net new stores globally. About 600 of the stores will be in the Americas, with the majority in the US...Harris Teeter will open 9 new stores during the remainder of its 2013 fiscal year, complete 8 major remodels and reopen 1 store in Washington, DC that was damaged by flooding. It operated 211 stores as of Jan. 1...99 Cents Only Stores will open six stores during the fourth quarter, with most slated to open in CA…Quaker Steak & Lube is on track to open 17 new restaurants in 2013 in Texas, South Dakota, South Carolina, New Jersey, Pennsylvania, Wisconsin and Florida, among other states. The company has nearly 60 locations to date...Jos A Bank plans to add 200 stores to its existing lineup of 602. About 50 of those are slated to open in 2013…Blackstone Group LP agreed to buy a majority stake in 40 US shopping centers from UBS AB property funds in a deal valued at about $1.1 billion. Blackstone is adding retail properties as rents and occupancies rise...GNC will open approximately 150 net new US stores in 2013, along with 30 net new franchise locations. It also will open 30 net new GNC-Rite Aid store-within-a-store locations. At year end 2012, GNC had more than 8,100 locations, of which more than 6,100 are in the US.