Tuesday, March 19, 2013

Industry News: Accelerating

Nordstrom Inc. plans 24 new Nordstrom Rack stores this year, with more than 30 expected in 2014, and will double its Rack count from its current 119 locations to more than 230 stores over the next 4 years. Nordstrom announced two new Nordstrom Rack locations in Chicago and Jacksonville, FL..7-Eleven expects the number of 7-Eleven stores worldwide to pass the 50,000-store mark by the end of the first quarter. At year’s end, 7-Eleven operated 49,500 stores in 16 countries...In fiscal 2013, Gap plans to open about 160 company-operated stores, including 35 Athleta stores. Gap ended the year with 3,407 stores in 47 countries...Lane Bryant opened a new 7,835 s/f flagship store near Herald Square in New York City. Lane Bryant, a wholly owned subsidiary of Ascena Retail Group, operates 805 stores...Ascena Retail Group, parent of Charming Shoppes, Lane Bryant, Catherine’s, Dress Barn, Maurices, and Justice, expects to open 100 to 120 stores in the spring, and close 40 to 60...Hot Topic agreed to sell itself for about $600 million to Sycamore Partners, who last year took over Talbots. Hot Topic has more than 600 locations...Dick's Sporting Goods Inc. will debut a new retail concept under the Field & Stream banner. In 2013, the company will open two Field & Stream stores, 40 Dick’s Sporting Goods stores, one Golf Galaxy store and two True Runner locations. The chain also plans partial remodels of 75 existing Dick’s stores...Uniqlo opened its second US mall location, a 24,000 s/f store at Palisades Center in West Nyack, NY, the company’s sixth US location...Trans World Entertainment Corp., owner of the FYE music, video and electronics chain, will open about 20 stores this year, a major reversal after years of downsizing. Trans World closed more than 600 stores from 2006 to 2012 and cut thousands of jobs...Target will open three in-store health clinics in the Chicago area to open in August. Target plans to open 14 new clinics around the country, for a total of 68...Leslie's Poolmart, Inc. will open 13 new US retail locations on March 15. With these new stores and its recent acquisition of 24 Warehouse Pool Supply stores, Leslie's will bring its total store count to more than 800 locations nationwide...Aaron's, Inc. announced the recent opening of a combined 32 new company-operated and franchised stores in 17 states and two Canadian provinces. Aaron's has more than 2,075 company-operated and franchised stores in 48 states and Canada...Jo-Ann Fabric and Craft Stores will open its 800th store this month in Slidell, LA...Accessories store Lou Lou is opening its first clothing store in Washington, DC this month. Lou Lou has 10 stores, with another about to open in Charlottesville, VA...As it continues its transition from Casual Male to Destination XL, Destination XL Group expects to have between 105 and 112 DXL stores open by the end of the fiscal year, from its current 48 stores, with a goal of 215 to 230 DXL stores by 2016...Aeropostale will open approximately 14 Aeropostale stores, approximately 60 P.S. from Aeropostale stores, remodel approximately 30 stores, and close approximately 15 to 20 Aeropostale stores.

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