Friday, November 21, 2014

Accelerating News

Cabela’s Inc. plans to open 13-15 stores per year for the next several years, with two specific openings planned in Texas and Kentucky...Lowe's will open two smaller-footprint Manhattan locations in the second half of 2015. Both stores will be approximately 30,000 s/f...IHOP expects to develop between 55 and 60 new franchised US restaurants in 2015... Applebee’s expects to develop between 33 and 38 new franchised US restaurants in 2015..RedBrick Pizza plans to expand by more than 50 locations in 4 states over the next 3 years. The first five locations initially will be corporate-owned, but will be available for sale to franchise prospects.  RedBrick Pizza currently operates 13 franchised locations primarily in California and Florida...TBC Corp. says its Midas subsidiary is on pace to open 25 locations in 2014. The brand, which has 1,300 North American locations, plans to have 1,400 locations throughout North America by 2018...Starbucks plans 1,650 net new store openings in 2015...Fresh to Order, a 15-unit “fast fine” restaurant chain,  plans to grow by eight to 10 stores in 2015. Beyond that, the goal is to average 12 new stores a year, reaching about 70 stores in 5 years. Targeted territories include Texas and the Washington, DC area. Fresh to Order’s mission is to provide” incredible food and service” in less than 10 minutes for around $10...Nordstrom plans to open a 35,250 s/f store Nordstrom Rack at Crossroads at Eatontown in Eatontown, NJ in fall 2015, the fifth Nordstrom Rack in the state...The new Walmart Neighborhood Market that opened this month in Greenbrier, AR is the 5,000th Walmart store in the US...Edens acquired publicly traded development firm AmREIT for $763 million. AmREIT owns and manages 28 shopping centers, totaling some 1.7 million square feet, in affluent urban areas of the South. Top tenants in the portfolio include CVS, H-E-B, Kroger, Publix and Safeway...Wendy’s remains on track to “reimage” 200 Company-operated restaurants and expects 175 to 200 franchise-operated restaurants to open in 2014...Whole Foods Market plans to open 38 to 42 stores, including five to six relocations, in fiscal 2015. The company currently has 401 stores and expects to cross the 500-store mark in fiscal 2017. Longer term, the company sees potential for 1,200 stores in the US...Delhaize Group will sell Bottom Dollar Food's 66 store locations and associated lease liabilities to Aldi Inc., thereby exiting the US food retail discount segment. The deal is expected to close in the first quarter of 2015 subject to customary closing conditions.  Aldi plans to open 650 new US stores, bringing its total to almost 2,000 by the end of 2018...With the opening of a new store in Mexico City, Skechers hit the 1,000 store mark...Westfield Corp. has signed leases with 14 gourmet food stores and grab-and-go spots at the new World Trade Center in NYC. Westfield has a total 350,000 s/f for retail and food uses at various locations in the Oculus, the base levels of 3 and 4 WTC, and in the underground concourses that connect them. Vendors include Eataly, a spinoff of gourmet market Epicerie Boulud, Lore Wine & Spirits, Japanese confectionary K Minamoto, brew specialist Beer Table, coffee concept Nobletree, Nunu Chocolates, Swedish cafe Fika, Philadelphia coffee seller La Colombe, Devon & Blakely, Pret a Manger, Wasabi Sushi and Bento, Joe Coffee, and Treat House...Bob’s Discount Furniture will open its first 2 stores in the Baltimore market next year, expanding from a base of stores in the greater Washington, DC area

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