Monday, August 18, 2014

Accelerating News

Sherwin-Williams will open 80 to 90 new stores during fiscal 2014...Moe’s Southwest Grill signed 120 new franchise deals in the first six months of 2014, and continues its expansion with new restaurants in Baltimore, Boston, Chicago, Cincinnati, Houston, Pittsburgh, and Salt Lake City. This growth is fueled by existing franchise partners as well as new partnerships...Ross Dress for Less will opened 2 new stores in Kansas City, part of the retailer’s 2014 expansion program, totaling approximately 75 new locations...European discount fashion chain Primark plans to open a store in Boston toward the end of 2015, have 10 stores in the northeast by Easter 2016, and build out from there...Ross Stores  is opening 23 Ross units and seven dd’s Discounts stores in 17 states, part of the plan to open a total of 75 Ross and 20 dd’s this year. With these new stores, Ross has 1,194 Ross  stores in 34 states,  and  144 dd's Discounts locations in 13 states. Ross ultimately plans up to 2,000 Ross and 500 dd’s locations.. Dollar Tree, Inc. and Family Dollar Stores, Inc. have entered into a merger agreement under which Dollar Tree would acquire Family Dollar in a cash and stock transaction.  With the acquisition, Dollar Tree would become a leading discount retailer in North America, with over 13,000 stores in 48 states and five Canadian Provinces, sales of over $18 billion, and more than 145,000 associates. Dollar Tree currently operates 5,080 stores in 48 states and Canada. Family Dollar has 8,200 stores in rural and urban settings across 46 states. However, Dollar General has offered a competing $8.95 billion bid. Dollar General is willing to divest up to 700 of its stores in order to get the necessary approvals for the transaction....Urban Outfitters plans to open between 35 and 40 new stores during the current year, including 12 new Urban Outfitters stores, 15 new Anthropologie stores, and 12 new Free People stores....Wegmans Food Markets plans to add 10 new stores in the Northeast and Mid-Atlantic regions over the next year or two including 4 stores in Virginia, 2 each in Massachusetts and New Jersey, and one each in Pennsylvania and Maryland. The first of the new stores will open this fall in Burlington, MA. Two others are scheduled to open in 2015 in Alexandria, VA and Westwood, MA. Wegmans currently has 84 stores in New York, Pennsylvania, New Jersey, Virginia, Maryland and Massachusetts...Equinox Fitness Clubs has agreed to pay $110 million for a portfolio of properties in Boston and other US cities from an affiliate of Millennium Partners. The transaction marks the completion of a broader deal to transition ownership of health club properties to Equinox from Millennium. The clubs include Sports Club/LA properties in Boston, New York, Miami, San Francisco and Washington DC, as well as the Reebok Sports Club in New York City. With the six newly acquired properties, Equinox will operate 73 clubs nationally...Tumi Holdings, Inc. plans to open 20 to 25 new Tumi stores in 2014...Sprouts Farmers Market will open 14 stores in the third quarter for a total of 24 new stores in 2014...Vitamin Shoppe will open approximately 60 new stores in 2014...Canadian restaurant chain Tim Hortons has signed a franchise agreement to open 25 Tim Hortons restaurants in New Jersey and on Staten Island over the next 10 years. Tim Hortons has 3,630 locations, with 866 shops in the US...The Wet Seal Inc. is launching its new Wet Seal + Plus banner, aimed at plus-sized girls, with 30 new US stores opening this month...Multichannel equestrian products retailer Dover Saddlery is planning to open 4 to 6 retail stores in 2014. Dover currently has 24 US stores...Native Foods Cafe, a vegan-fast-casual restaurant, plans to open its first East Coast store next month in DC. A second location is projected to open in mid-October, and the company has signed two leases in VA. The chain has 20 locations, mostly in California...CST Brands Inc., one of North America’s largest independent retailers of motor fuels and convenience store merchandise, has opened 12 new US stores and two stores in Canada. The company expects to build 30 new stores in the US and eight in Canada during 2014. CST Brands operates 1,900 locations throughout the Southwestern US and Eastern Canada...Burger 21 has executed its first franchise agreement in Michigan, under which a debut restaurant in Ann Arbor will open in summer 2015. Additionally, the company signed two franchise agreements for units in Ocala, Florida, and Raleigh, North Carolina. The new deals are part of the fast-casual concept's growth strategy to expand its presence in new and existing markets nationwide. To date, Burger 21 has 13 open locations and 25 franchised restaurants in development.

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