Thursday, June 19, 2014

Accelerating News

Dick’s Sporting Goods Inc. opened three new stores last month in Kansas, Virginia, and North Carolina. With the openings, Dick’s operates 570 stores nationwide Dick’s will open 50 new Dick’s stores during fiscal 2014, relocate 5 stores and remodel 5 stores. The company also intends to open 8 new Field & Stream stores, relocate two Golf Galaxy stores and open one new Golf Galaxy store in 2014...Burlington Stores Inc. expects to open 25 net new Burlington Coat Factory stores during the fiscal year....Zumiez plans to open approximately 55 stores in fiscal 2014...Gap’s Athleta brand is on track to end the year with about 100 US stores...Fred Segal will open up to 10 luxury lifestyle centers in the US and across the world during the next 5 to 10 years which will combine fashion with dining, entertainment, cultural events and health and wellness in footprints of up to 50,000 s/f. The first will open within the year...multichannel women's apparel, home, and beauty retailer Soft Surroundings will open six new retail locations in 2014 in Richmond, Virginia; Lynnfield, Massachusetts; Alpharetta, Georgia; Madison, Wisconsin; Portland, Oregon; and Paramus, New Jersey. Soft Surroundings has12 retailer Gypsy05 will open its first two retail locations at the end of this month in Beverly Hills, and Malibu, California...Home furnishings retailer Conn’s Inc. plans to open 17-20 new stores while closing 10 existing stores during fiscal 2014...Dollar General expects to open 214 new stores in the first quarter. The company also plans to open 700 new stores in its 2014 fiscal year and remodel or relocate another 500. Dollar General also plans to expand into three new states in the next year, Maine, Rhode Island, and Oregon, increasing the company’s presence to 43 states. Dollar General has more than 11,000 stores in 40 states...Urban Outfitters has opened a 57,000 s/f “lifestyle center” store in Manhattan’s Herald Square, the brand’s largest location to date, and its13th store in New York City. It includes a hair salon, bookshop, coffee bar and photography shop...The Men's Wearhouse Inc. will open 100 new stores over the next 3 years following its merger with Jos. A. Bank Clothiers Inc. Men's Wearhouse is acquiring Hampstead-based Jos. A. Bank Clothiers Inc. for $1.8 billion. The merger will give the retailer flexibility to expand its 670-store portfolio...Restoration Hardware is eliminating small stores in favor of larger, dominant stores to better showcase the company's products. In addition to the recently opened full-line Design Gallery in Greenwich, CT, the company plans to open large-format stores in Los Angeles and Atlanta this year. The company has signed leases for 6 larger stores and is negotiating leases for more than 25 other locations...Gymboree Corp. plans to open 50 new stores and close 25-30 existing stores during the fiscal year...For the fiscal year, Ann stated that it plans on opening a total of 50 new stores while closing 30 stores across its brands...H&M will open its largest store to date, a 57,000 s/f flagship on Manhattan’s Fifth Avenue, on July 17...DSW will help Yellow Box footwear launch retail stores in the coming months, with three to five opening this year. Yellow Box is a footwear wholesaler best known for its jeweled sandals for women. The company sells its footwear online and through affiliated retailers. Plans call for DSW to eventually design and operate Yellow Box retail stores throughout the US...Sprouts Farmer’s Market may exceed its goal of opening 1,200 US stores in the next decade and a half. Sprouts, which now has about 170 stores, may increase its store count by as much as 14% a year, which means it would reach the 1,200 stores it forecast within about 15 years...Cabela’s will open stores in three new markets Huntsville, AL; Oklahoma City, OK; and Woodbury, NY this summer, and plans to open an additional 21 over the next two years. The company operates 56 stores across North America...Five Below opened 8 stores in the Houston, TX area this month. Last year, the retailer opened 60 new stores, and plans to open approximately 60 stores this year. With the Houston openings, there will be 338 Five Below stores in 20 states...Whole Foods' new supermarket at Colonie Center, NY, opened this month, is the first in a number of Albany area stores. Whole Foods currently has 385 stores, with another 105 in development, including 15 in the Northeast..Discount Tire/America’s Tire has opened 6 stores in 5 states so far this year, expanding to more than 885 locations in 28 states.

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