Thursday, June 25, 2015

Accelerating News

Ahold and Delhaize intend to combine their businesses. The combined company will be known as Ahold Delhaize with a base of more than 6,500 stores. In the US, Ahold operates the Stop & Shop, Giant, and Giant/Martin’s banners primarily in the Northeast, as well as online shopping service Peapod. Delhaize operates the Food Lion and Hannaford banners in the Southeast and Northeast...Ulta Beauty plans to open 100 net new stores....Lobster roll concept Luke’s Lobster, which has locations in New York City, Philadelphia, and Washington, DC, will expand to Chicago  and Boston later in the year...An affiliate of Roark Capital Group, a private equity firm, has acquired Pet Supermarket from Charles E. West, Jr., the company's founder. Pet Supermarket operates 155 pet specialty retail stores in 11 states...Five Below expects to open a total of 70 new stores during 2015, on top of opening 62 stores in 2014...During the fiscal year, The Fresh Market expects to open approximately 19 new stores, with 2 opening in the first quarter; 5-6 in the second quarter; and 11-12 in the second half...Krispy Kreme has signed agreements to open 11 shops in Arkansas, Montana, Illinois and Kentucky in the next several years...Kohl's will test a new outlet store concept, Off-Aisle by Kohl's, in New Jersey this month offering discounts on returned merchandise up to 90% off...In the second quarter, New York & Co. will open approximately 2 new outlet stores, remodel 4 existing locations, and close 3 stores, ending the quarter with 503 stores, including 76 outlet stores...Dollar General Corporation opened its 12,000th store, in Juliette, Georgia. Dollar General anticipates opening 730 new stores in 2015 and plans to remodel or relocate an additional 875 stores...During the current fiscal year, Destination XL intends to open approximately 32 DXL retail and 8 DXL outlet stores. It also plans to close approximately 42 Casual Male XL and 3 Rochester Clothing stores...Dollar Tree reached an agreement to sell private equity firm Sycamore Partners a divestiture package of 330 Family Dollar Stores locations, contingent on the completion of Dollar Tree’s acquisition of Family Dollar.  Sycamore Partners intends to operate the 330 stores under the Dollar Express banner...7-Eleven Inc. opened a convenience store in the pre-security/arrivals sections of Los Angeles International Airport, its first US in-terminal location. 7-Eleven plans to open a 2 more in-terminal airport stores in the Dallas/Fort Worth International Airport....Zumiez Inc. intends to open approximately 57 new stores in fiscal 2015...Online diamond and jewelry retailer Blue Nile has opened its first store, in Garden City, NY. The 325 s/f space has only a few cases of product. Associates are equipped with tablets on which they can show customers the full selection of goods and assist them in making a purchase. Merchandise can be ordered and picked up at the store...During the second quarter of fiscal 2015, Christopher & Banks expects to open 1 new Missy, Petite, Women (MPW) and 14 new outlet stores, close 1 CB store, and convert 7 others to MPW stores...Burlington Stores Inc. plans to open 25 stores during fiscal 2015...Mattress Firm plans to open 220-240 new stores during the fiscal year...Hudson’s Bay Co. Inc. plans to open 12-14 Off 5th stores and one Saks store in fiscal 2015...Shoe Carnival plans to begin opening a small-market store concept at approximately 5,000 s/f. or half the size of a current Shoe Carnival store, in the next six to nine months, followed by consistent expansion over the next several years. Shoe Carnival operates 402 stores in 34 states and Puerto Rico...Wendy’s will add 16 units to its 6,500-store system in 2016, a small start on its way to building 1,000 new stores in North America by the end of 2020...Target will sell its pharmacy business to CVS Health for $1.9 billion and rebrand its nearly 1,700 prescription departments as CVS/pharmacy. CVS Health also will acquire Target’s 80 clinic locations and rebrand them as MinuteClinic, moving the company closer to its goal of operating 1,500 clinics by 2017. The companies also announced plans to develop five to 10 small, flexible format stores during the next two years that will be branded as Target Express and contain a CVS Health pharmacy...Ollie’s Bargain Outlet filed for an initial public offering. Ollie’s operates 181 US stores, expects to open 25- 30 stores in fiscal 2015, and sees the potential for more than 950 locations across the country.

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