Thursday, May 16, 2013

Industry News: Accelerating

New York’s Fairway, a 12-store grocery chain, plans to eventually open 300 outlets across the country. Sterling Investment Partners, a private equity which that acquired an 80% stake in the company in 2007, expanded Fairway in New York, New Jersey and Connecticut...Pep Boys will open 31 Service & Tire Centers and 7 supercenters. Pep Boys is also test-marketing a new store concept, embodied in a prototype store that opened recently in Tampa, FL designed to appeal to a broader swath of customers...Sherwin-Williams’ Paint Stores Group expects to open 70 to 80 new stores. Sherwin-Williams currently has more than 3,500 US stores...RadioShack Corp. is updating its brand and will begin remodeling select locations with a new look and feel over the next few weeks. RadioShack has more than 4,300 company-operated stores and approximately 1,000 dealer outlets across the US...Icing, a division of Claire’s Stores, is being re-branded with a new store design, new logo and updated imagery. The jewelry and accessories retailer plans to open 35 stores this year, including a flagship in Chicago...Tractor Supply Co. will open 100 to 105 new stores in 2013...The Fuzzy Peach has begun national expansion of their frozen dessert stores. The new store count commitment will be 26 locations. The Fuzzy Peach recently celebrated the opening of their 11th store in Boiling Springs, NC...Uniqlo opened its 7th US store in April, and plans more openings in the fall...Getty Realty Corp. acquired 36 convenience stores and gas stations in the New York and Washington D.C. metropolitan areas for $72.5 million.The acquisitions involve sale-leaseback transactions with Capitol Petroleum Group LLC and include 16 Mobil-branded properties,13 Exxon, and 7 Shell-branded locations. Getty Realty Corp. owns and leases approximately 1,050 US convenience stores and gas stations...Salsarita’s Fresh Cantina grew to about 80 units from 2000 to 2011. In 2013 the brand plans to add eight to 10 units, with 20 more units planned for 2014, including stores in Texas, Kansas, New York, and Michigan.....WOW Café will roll out a new look as part of a larger rebrand strategy for the 11-year old company, to WOW Café: American Grill & Wingery. The company will roll out the new design in 20 restaurants over the next year. There are 70 WOW Café: American Grill & Wingery restaurants nationwide. The company expects to open approximately 20 locations in 2013...The Limited opened two stores in outlet centers this month, one in Nashville and another in Michigan. Two other outlet stores will open in early summer in Texas and Illinois. Including the stores set to open in 2013, the company has opened 68 since 2008. The Limited operates 260 US stores...Frozen-yogurt chain TCBY says 68 locations are under development so far this year, and the brand hopes to open more than 100 units in 2013. TCBY currently has 520 units...Meijer will open its 200th store on May 16, the first of six new stores Meijer will open this year.

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