Tuesday, December 16, 2014

Accelerating News

Aldi plans to open 650 new US stores, including expanding to Southern California, bringing its total number of US stores to nearly 2,000 by the end of 2018...Stein Mart is opening a total of 10 new US stores in the next several months, which will bring the total number of locations to 270 nationwide...Martha Stewart plans to open a coffee shop in Manhattan’s Chelsea neighborhood, in the same building where Martha Stewart Living Omnimedia Inc. is based...While the outcome of Dollar General Corp.'s plan to acquire Family Dollar Stores remains unsettled, the company remains committed to growth. Dollar General plans to ramp up its expansion in 2015, and enter new markets. The company expects to open approximately 730 new stores, including its first-ever locations in Maine, Rhode Island and Oregon. In addition, the discounter plans to relocate or remodel approximately 875 stores...McAlister's Deli has signed development agreements with 3 new franchise groups to open 20 locations throughout Rochester, NY, Northwest Indiana, and Chicago over the next several years. McAlister's has more than 330 restaurants in 24 states...Starbucks opened its first-ever Starbucks Reserve  Roastery and Tasting Room, a 15,000 s/f flagship that will serve as the launchpad for a planned chain of 100 stores, with initial locations opening in Chicago, Los Angeles, New York, San Francisco and Washington, DC...Simon Premium Outlets will open four new outlet centers in 2015: Vancouver Designer Outlet, Gloucester Premium Outlets, Tucson Premium Outlets, and Tampa Premium Outlets. Also in 2015, Simon is slated to begin construction on five new Premium Outlets, including Columbus, OH, Norfolk, VA, Clarksburg, MD, Tulsa, OK, and Denver, CO...Cabela’s plans to continue its rapid expansion with 3 new stores and a new distribution center. The outdoor outfitter plans locations in Farmington, Utah; Gainesville, Virginia, Cabela’s third in that state, opening in spring 2017; and in Ottawa, Ontario, opening spring 2016, the second location in the Canadian province. Cabela’s will build a 600,000-square-foot distribution center in Tooele, Utah, to open in summer 2015...Blackstone Group LP agreed to sell a majority stake in 39 US shopping centers to joint-venture partner Kimco Realty Corp. for $512.3 million in a deal that will almost double the firm’s equity investment. Kimco will buy Blackstone’s two-thirds interest in the properties, which total 5.6 million s/f and are in New York, Virginia, Texas, Florida, California and Maryland...PetSmart Inc. has agreed to be bought by a group led by BC Partners Inc. for more than $8.2 billion. The group agreed to pay $83 a share for the pet-supply retailer. Besides BC Partners, the group includes some of the buyout firm’s investors and Longview Asset Management LLC, which controls about a 9% stake in PetSmart and plans to hold on to one-third of that.

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