Wednesday, May 13, 2015

Accelerating News

Bibibop Asian Grill has grown to four locations and plans almost 20 more stores in the next two years...Versa Capital Management has finished its deal to buy Wet Seal. Wet Seal will continue operating 173 stores. The teen retailer filed for Chapter 11 bankruptcy protection in January after it laid off thousands of workers and closed 338 stores, or two-thirds of its locations...Donatos opened one new location this year, with a second in the works, and plan to have more than 200 total units by 2018. Donatos operates 153 restaurants and 15 sports and entertainment venues in 6 states...Tractor Supply Co. plans to open 110 to 115 new stores in 2015. As of March 28, Tractor Supply Co. operated 1,422 stores in 49 states...O’Reilly Automotive plans to build a new distribution center in Texas to help support 205 new stores in 2015. As of March 31, O'Reilly operated 4,433 stores in 43 states...Starbucks plans to open 1,650 net new stores globally during fiscal 2015. This includes 600 new stores in the Americas, half licensed; 200 new stores in Europe/Middle East/Africa, primarily licensed; and 850 new stores in China/Asia-Pacific, primarily licensed...The HoneyBaked Ham Company and CafĂ© announced an aggressive franchise expansion program to develop 15 to 20 new locations in the year ahead, awarding additional franchises in target markets across the nation. The brand has more than 400 locations nationwide and 190 franchised locations...The Container Store expects to open 9 new stores and relocate 1 store during fiscal 2015...Smart & Final Stores Inc. plans to open 5 new Smart & Final Extra! Stores in the 2nd quarter, complete 4 conversions of Smart & Final stores to the Extra! format, including 1 store relocation, and relocate 1 Cash & Carry store...Big 5 Sporting Goods Corp. plans to open approximately 10 net new stores in fiscal 2015, including 3 in the second quarter...ZIPS Dry Cleaners has signed a franchise agreement with ZDC Holdings for the development of 104 stores throughout the Mid-Atlantic and Midwest, the largest deal to date for the nearly 20-year-old brand. Headquartered in Greenbelt, MD, ZIPS operates 40 stores in the Mid-Atlantic region...Hibbett Sports opened its 1,000th store. Hibbett Sports Inc. and its subsidiaries now operate 1,000 athletic retail stores in the South, Southwest, Mid-Atlantic and Midwest in strip centers and enclosed malls...Macy's Inc. will open the first four test stores of its new discount Macy's Backstage concept this fall in New York City and the surrounding area, the first off-price business for the Macy's brand. Macy’s is also opening its 14th Bloomingdale's outlet store in Manhattan, the first in an urban location...Sundance Catalog plans to open 2 locations in 2015 in Edina, Minnesota, and Dallas. Up to 5 additional stores are planned for 2016.The company, which opened its first store in 2007, currently operates 3 locations, and plans additional stores across various locations nationwide. Future locations will include malls, shopping centers, and street locations...Walmart opened a 5th Walmart on Campus store, at Virginia Commonwealth University in Richmond...H&M will open its largest store in the world, in Manhattan’s Herald Center, this month. The 63,000 s/f store will be the fast-fashion giant’s 13th location in Manhattan...Loblaw Companies Ltd. is pulling its Joe Fresh line from J.C. Penney stores in the US next year and switching its focus to its stand-alone stores. The company has 6 stand-alone stores including a flagship location in New York's SoHo neighborhood. Joe Fresh expanded its US presence in 2013 after almost 700 J.C. Penney stores began carrying its line...A rumored multibillion-dollar merger between Delhaize Group, the Belgium-based owner of Hannaford and Royal Ahold, the Dutch company that owns Stop & Shop, although unconfirmed as of this writing, caused shares of both companies to rise sharply this week.

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