Monday, October 27, 2014

Accelerating News

Toys “R” Us and Claire’s have entered into a partnership to open nearly Claire’s in-store shops in 12 US Toys “R” Us locations, by year-end. The shops will feature an assortment of jewelry, headbands, hair and fashion accessories, jewelry holders, legwear, seasonal items and more...Timberland plans to expand its global retail store presence by adding 130 stores to its current base of approximately 230 stores...Saks Fifth Avenue parent Hudson’s Bay Company has signed a lease to open two stores in downtown Manhattan: an 85,000 s/f Saks Fifth Avenue store in Brookfield Place and a 55,000 s/f Saks Off 5th store at One Liberty Plaza. The new Saks Off 5th reflects the company’s strategy to expand its off-price concept into urban markets...Urban Outfitters Inc. aims to open 25 to 50 Anthropologie stores in the next five years that will be three times larger than current locations, which average about 7,100 s/f. Urban Outfitters will also test the larger format for its namesake and Free People chains...Microsoft will open its first flagship location, on Fifth Avenue in Manhattan. Microsoft also plans to open 10 new stores across the US in time for the 2014 holiday season. Microsoft currently operates 104 stores...Christopher & Banks announced the grand opening of 37 stores that combine its plus-sized CJ Banks brand under the Christopher & Banks banner. With these openings, Christopher & Banks will operate 190 stores with the combined format...Villa Enterprises has opened 34 Villa Italian Kitchen restaurants in General Growth Properties, Inc. regional malls throughout the US. The new locations total over 27,000 s/f of space...Woolrich, the outerwear and lifestyle brand, opened its first-ever freestanding store in North America, in New York’s SoHo neighborhood. The two-level flagship carries men’s and women’s clothing and accessories. The 1,400 s/f ground floor space features antique windows and furniture, recovered from an old hardware store, while the 500 s/f basement level is designed as a contemporary “Woolrich Men’s Club” which will double as event space...Discount Tire/America’s Tire opened 6  stores - 3 in Texas, 2 in California and 1 in Iowa, expanding the dealership’s network to 890 stores in 23 states...CEC Entertainment, Inc. (CEC), which operates 577 Chuck E. Cheese's stores in 47 states and 10 foreign countries, announced that it has acquired Peter Piper Pizza, a pizza and entertainment restaurant chain operating 32 company-owned locations and 115 franchises in the southwestern US and Mexico, from affiliates of private equity firm, ACON Investments, L.L.C. (ACON) for an undisclosed sum...Family Dollar Stores Inc. has set Oct. 30 as the date for stockholders to vote on a proposed merger with Dollar Tree Inc. Family Dollar has not yet set the time or location of the vote. Family Dollar agreed to sell its outstanding shares to Dollar Tree for $74.50 per share, or about $8.5 billion, in August. The retailer rejected a higher offer of $80 per share, or about $9.1 billion, from Dollar General, citing concerns about SEC approval of the deal. Dollar General has extended a hostile buyout offer of $80 per share to Family Dollar shareholders until Oct. 31...Sleepy’s opened its 1,000th store, a showroom in Joliet, Illinois.

No comments:

Post a Comment