Wednesday, September 23, 2015

Accelerating News

Arooga's Grille House & Sports Bar is headed to Florida and Georgia with 50 restaurants, which will more than double Arooga's national footprint. Arooga's currently has 10 corporate locations in Pennsylvania, and it opened its first franchise location in Uncasville, CT, adjacent to the Mohegan Sun Resort...Stein Mart plans to open 9 new stores in the third quarter, as well as 6 new stores in spring 2016 and at least 6 new stores in fall 2016...Kirkland’s plans approximately 40 new stores, and 10-15 store closings, for the fiscal year. Kirkland's has over 320 US stores in 35 states...Online footwear retailer Sole Society on opened its first brick-and-mortar store in Santa Monica. CA...Macy’s unveiled its new off-price banner, Macy’s Backstage, with the opening of 3 NYC-area stores, with locations in Brooklyn, Queens and Long Island. Three additional area stores are slated to open by year end...Online retailer ThinkGeek is partnering with its new owner, GameStop, to open a new store format focused entirely on collectibles. The first ThinkGeek store will open in the Florida Mall in Orlando in September, and additional stores are planned...Dick’s plans to open 5 new stores in September, 2 in Alabama, 2 in Ohio, and 1 in Arizona. Dick’s will have 630 stores across the US with these opening...Ulta expects to open 100 stores in 2015...Burlington Stores Inc. plans to open a net of 25 new stores by the end of the fiscal year, including 22 store openings and 1 closing in the third quarter....Arhaus plans 13 new stores by the end of 2016. The company has 57 stores across 23 states nationwide...Five Below Inc. plans to open a total of 70 net new stores during fiscal 2015, including 16 net new stores in the third quarter. If the company hits its growth target, by year end it will have 436 stores, with a longer term plan for 2,000 locations...Boston-based fitness retailer City Sports is set to open a new location in Virginia this month. City Sports Mosaic will be the 26th City Sports location and the first in the state. City Sports already has stores in Washington, DC and Maryland...Best Buy will set up outlets in 10 Macy's stores in November on a test basis. The Best Buy shops will occupy about 300 s/f and will be staffed by Best Buy employees...Dave & Buster's revised its FY15 store count guidance upwards to add 8 to 9 new stores, up from a projected 7 to 8 new stores, with a goal of 200 stores across North America....Robert Redford’s Sundance Catalog is expanding its retail footprint. The company will open a store in Edina, Minnesota this month, one of 2 locations to open east of the Rocky Mountains in 2015. The company plans to continue its growth over the next several years with additional stores targeted across various locations nationwide. The company currently has 3 locations...Taco Bell  is opening its new Taco Bell Cantina urban concept in Chicago and San Francisco this month. The concept will serve alcohol and attempt to capture Millennials in downtown areas. The move is part of the 6,000-unit chain’s commitment made in 2012 to add 2,000 units to its portfolio by 2022. The new urban locations are slightly smaller and don’t have a drive-thru...Buona, The Original Italian Beef, which has 16 stores in the Chicago area, to sell its first franchises at the end of 2016. There are also plans to open 4-5 company-owned stores each year for the next five years...Verizon Wireless is rolling out Verizon Experience stores at 250 Best Buys around the country. Rival AT&T, meanwhile, is opening its own dedicated stores at 250 Best Buy locations, many of them the same ones where Verizon is setting up shop.Verizon has already begun rolling out the Verizon Experience stores at Best Buy and said it plans to have nearly 100 locations by the end of the month. The company expects that number to increase to 250 locations by the end of 2015.

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