Tuesday, February 23, 2016

ACCELERATING NEWS

Starbucks plans to open approximately 1,800 net new stores in its current fiscal year...European grocery Lidl is seeking to build stand-alone stores of 36,000 s/f in dense population markets in 8 East Coast states between New Jersey and Georgia...Under Armour will open 200 stores in 2016, likely to be a mix of several store formats. Under Armour currently operates 144 stores...H&M plans to add another 425 new stores in 2016 and enter New Zealand, Cyprus and Puerto Rico for the first time. As of November 30, the retailer had 3,924 stores in operation, including 415 US stores...Nordstrom has signed for a second Manhattan store in three floors and 43,000 s/f at 3 Columbus Circle...Soft Surroundings plans to open as many 15 stores this year, expanding in new markets and filling out current markets. The women’s apparel/d├ęcor chain has 28 stores in 17 states. Last year, the retailer opened 11 stores...Grocer Stew Leonard’s is planning to open a 70,000 s/f Long Island store this year. The family-owned grocery chain has 5 stores...A Sears Hometown store has opened inside Nelson Ace Hardware in Selma, CA, the second store-within-a-store for the format – the other is inside the Options Rent-to-Own Store in Caribou, ME. 4 Sears Hometown Stores have opened this year around the country...Australian retail company Cotton On Group has launched 121 US stores in the past six years, and plans to open hundreds more US stores in the next 3-5 years. Currently, 10 stores are on track to open this year. The company has over 1,400 stores in 17 countries...Destination XL expects to open 30-40 DXL stores per year through fiscal 2020. The company currently operates 440 stores... Michaels Companies Inc. bought Lamrite West Inc., parent company of the Pat Catan’s chain, for $150 million. Michaels owns and operates nearly 1,200 stores and 118 Aaron Brothers stores. Pat Catan’s was founded in 1954 by Pat Catanzarite (AKA Pat Catan).Today, there are more than US 30 Pat Catan’s locations...Bob’s Discount Furniture opened five stores on the same day in the Chicago market. The chain has 64 stores in New England and Mid-Atlantic states...Rite Aid stockholders have voted to approve the proposed merger with Walgreens Boots Alliance. Approximately 97% of the votes cast at a special meeting of stockholders voted in favor of the adoption of the merger agreement. The merger, which is expected to be completed in the second half of calendar 2016, is subject to the satisfaction of certain customary closing conditions...Sally Beauty recently opened its 5,000th location, and plans to grow its store base by approximately 3% for at least the next five years, which could translate into roughly 800 new stores. Another 500 stores are slated to receive physical improvements this year, including the addition of hair color and hair solutions studios at 3,000 US stores...O’Reilly Automotive expects to open 205 net new stores and expand into Connecticut in 2016. As of Dec. 31, the company operated 4,571 stores in 44 states...Tractor Supply Company opened its 1,500th store this month, in Odessa, Texas. Tractor Supply was founded 78 years ago. The Company operates stores in every state with the exception of Alaska. It opened a total of 114 stores in 2015 and expects to open between 115 and 120 new stores in 2016....Skechers  plans to open 330-340 stores worldwide this year. By the end of the year the retailer will have 1,650 stores globally...Whole Foods will open its first “365 by Whole Foods Market”, a lower priced, no frills, smaller footprint format near LA in May. The company also sees potential for 1,200 Whole Foods Market stores in the US, with the new 365 format expanding the growth opportunity beyond 1,200 stores...Build-A-Bear will add 10 corporate locations in 2016. Through a combination of remodels and new openings, it expects to end the year with between 45 and 55 stores in its updated “Discovery” format. The company operated 329 company-owned stores (269 in North American and 60 in Europe) at the end of 2015. Its international franchisees ended the year with 77 stores in 11 countries...German discount grocery chain Lidl is seeking approval to build a 36,000 s/f store in Wilson, PA, one of its first of several stores planned in the US. Lidl has about 10,000 stores in 26 countries...Timberland expects to open 80 new stores and increase e-commerce by 20%  in 2016. The company ended last year with 1,520 stores – up from 1,401 the prior year.

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