Wednesday, July 22, 2015

Accelerating Industry 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...Johnny Rockets plans to open 25 new domestic stores during 2015 and 100 new domestic stores by 2017 via franchise expansion. Johnny Rockets operates more than 330 restaurants across the globe...Pirch plans to roll out three locations a year. In 2016, it will open a three-level, 32,000 s/f store in Manhattan. Pirch has 8 US locations. Pirch lets shoppers test the products in its stores, and greets them with fresh coffee and complimentary food while they browse...Nordstrom plans to open a Nordstrom Rack at Woodmore Towne Center in Glenarden, MD in spring 2017, the fifth Nordstrom Rack in Maryland...Apple opened a store on July 11, in the Queens Center mall in Queens, NYC, giving it a total of 8 locations in the city...Furniture and appliance retailer Conn’s opened 4 new stores this month in Texas, North Carolina and Tennessee. Conn’s has more than 90 stores in 12 states. The latest expansion is part of larger strategy of opening 15-18 stores through the end of its fiscal year...Indoor cycling franchise CycleBar inked franchise deals  for more than 100 studios across the country...Marbles: The Brain Store opened a new store in Washington D.C., its second location in the area and its third to open this summer, with new stores debuting in Times Square and Myrtle Beach, South Carolina. The games retailer plans to open over 50 additional locations in the next three years. Currently, it operates 31 stores...Dunkin’ Donuts has signed multi-unit store development agreements with seven franchise groups to develop 51 new restaurants in Virginia and West Virginia during the next several years...J. Crew opened its first J. Crew Mercantile store in Dallas later this month, and plans to open more nationwide. The retailer developed the lower-priced Mercantile brand to house products that are specifically designed and manufactured for its outlet stores...The world’s second smallest Target store, a 16,000 s/f TargetExpress, opened in Highland Park, St. Paul, MN this month...Ollie’s Bargain Outlet raised $143 million in an initial public stock offering that positions the company for expansion of its 181 unit chain. The company has identified 950 suitable store locations and the company will maintain a measured pace of expansion. Growth this year will be driven by the addition of 25 new stores, an increase from 22 units opened in 2014 and 23 units opened in 2013. Between fiscal year 2010 and fiscal year 2014, Ollie’s grew its store base from 96 stores to 176 stores...Starbucks plans to open stores in 15 diverse, low-to-median-income urban communities across the US by 2018, starting with at least 5 stores in 2016. The plans include a store near the heart of last summer’s racial unrest in Ferguson, MI....Ross Stores is opening 19 Ross Dress for Less and 8 dd's Discounts stores across 15 different states in July, part of the off-price retailer's plans to add approximately 90 stores during 2015, including 70 Ross and 20 dd's Discounts. Ultimately, the retailer believes Ross Dress for Less can grow to 2,000 locations and dd's Discounts can become a chain of 500 brand MAD Greens began its national expansion last month with its first openings outside of its home state of Colorado in Tempe and Scottsdale, Arizona. The chain currently has 15 locations and will finish 2015 with 21 locations...C. Wonder, which shuttered all its stores and filed Chapter 11 early this year, has entered into a definitive agreement for Xcel Brands to acquire the C. Wonder brand from Burch Acquisition LLC. The deal gives Xcel the rights to C. Wonder trademarks, related designs and other intellectual property rights. Xcel owns the Isaac Mizrahi, Judith Ripka, H by Halston and H Halston brands and designs and manages the Liz Claiborne New York brand.

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