Friday, June 14, 2013
Industry News: Accelerating
Bloomingdale’s will open a 167,000 s/f, 3-level store in Honolulu in fall 2015, the retailer’s first Hawaii location. In addition to its 36 current stores, Bloomingdale’s will open 2 stores in Fall 2013 in CA...The Pizza Studio will open several new locations in the Los Angeles area in Summer 2013 and has over 37 stores in development for national expansion...Starbucks opened 10 Seattle’s Best Coffee stores in the Dallas-Fort Worth area in one day last month, the largest number of openings in a single market on a single day in Starbucks’ history...Smashburger plans to more than double its nationwide store count to about 500 in the next few years. The chain currently runs about 200 US locations...Chester's International LLC opened 9 new locations in partnership with retailers in Indiana, Kansas, Michigan, Mississippi, Nevada, New York, Texas and Virginia. Chester's has more than 2,000 Chester Fried licensed and Chester's franchised locations...Rue21 shareholder Apax Partners will acquire the teen apparel retailer in a deal valued at about $1.1 billion. The private equity firm, which has a 30% stake in Rue21, also owns Cole Haan and Takko Fashion...Marco's Pizza plans to open its 500th store by 2014. The chain currently has more than 350 stores, with more than 200 in development...Noodles & Company filed for an initial public offering. The fast-casual chain is seeking to raise up to $75 million with the goal of repaying debt and growing nationally. With 339 restaurants in 25 states, Noodles & Company is owned by private-equity firm Catterton Partners, along with Argentia Private Investments. The 339-unit chain includes 288 company and 51 franchised locations. Noodles & Company hope to reach 2,500 US units in 15 to 20 years...Bi-Lo Holdings LLC, parent company of Bi-Lo and Winn-Dixie grocery stores, will buy an additional 165 stores. Bi-Lo is paying $265 million in cash to purchase all the Sweetbay, Harveys and Reid’s stores in the Southeastern US from the Delhaize Group. After the company bought out Winn-Dixie over a year ago, it had 686 stores...Bridgestone America expects to open 45 tire and automotive service centers this year in 16 states, pushing the firm's network to more than 2,250 locations nationwide. Bridgestone operates company-owned retail stores in 48 states...Chipotle has been testing a new Asian fast-casual concept called ShopHouse at a single location in Washington. Now it’s poised to grow, with three new ShopHouse leases signed in the past month in Maryland, DC, and LA...Joe’s Jeans Inc. will open 70 new full-price boutique stores. Joe’s Jeans currently runs 12 full-price boutiques and 19 outlet shops. By the time the rollout is finished in 2017, Joe’s will run a fleet of 100 US stores...7-Eleven parent Seven & I Holdings Co. is planning more acquisitions and may more than double the number of c-store stores it operates in North America, increasing its store number to 20,000 or even 30,000. 7-Eleven currently has more than 8,000 convenience stores in North America. No time-frame for the planned expansion has been defined. Seven & I has been acquiring smaller US c-store chains, adding more than 650 units in the last fiscal year...Whole Foods has opened a new store in Detroit this month as part of its repositioning to shoppers on a budget. The chain will launch pilot stores in Detroit, New Orleans and Chicago in 2013 and 2014 which feature fewer staffers, lower prices, and more frozen and pre-wrapped food...By the end of July, Samsung hopes to have Experience Shops, kiosks in high-traffic areas staffed by Samsung reps to demo products and answer questions, in 1,400 Best Buy stores. Best Buy also announced another new in-store concept, The Windows Store, which will sell Windows-based PCs, tablets and accessories and offer support from Microsoft-trained staff. The format will open in 500 US Best Buy locations later this month through September....Macerich Co. has sold the 800,000 s/f Green Tree Mall in Clarksville, IN for an undisclosed price, as part of a five-property portfolio sale that will generate about $470 million....Forest City Enterprises Inc. has formed a venture with Australia-based QIC to recapitalize and invest in a portfolio of 8 US malls in NV, CA, VA, and PA...Somerset Tire Service Inc. is running grand openings for the next 8 weeks to mark the addition of 25 locations. The new stores,15 in New Jersey and 5 each in New York and Pennsylvania, expand STS's network to 150 stores...Golfsmith International will open a two-story, 15,000 s/f store on Fifth Avenue, near 38th Street, in Manhattan...Five Below added 52 stores last year, to bring its total to 244, and plans to open 60 more this year...Dunkin’ Donuts has been rolling out a “café-style” store redesign that includes a new, earth-toned palette, and adds features such as more comfortable seating and music. Dunkin’ Donuts has opened 90 remodeled stores to date, and plans to open about 600 by the end of this year. Dunkin’ plans to double its current store total to 15,000...McAlister's Deli has signed agreements with four franchise groups to develop 21 new restaurants in 7 states. The 21 new restaurants will be developed by three new franchise groups and a current McAlister's franchisee. McAlister's currently has more than 315 restaurants in 23 states. McAlister's Deli has signed agreements with four franchise groups to develop 21 new restaurants in 7 states. The 21 new restaurants will be developed by three new franchise groups and a current McAlister's franchisee. McAlister's currently has more than 315 restaurants in 23 states.