Tuesday, May 24, 2016

ACCELERATING RETAIL NEWS

East Coast Wings & Grill has agreements to add 80 new restaurants across the country within the next 5 years. The chain currently has 31 locations...J.C. Penney will open 60 additional Sephora shops in Penney stores, including a flagship to open in November....T-Mobile plans to open 400 branded stores this year... Sierra Trading Post, acquired by TJX Cos. in 2012, is accelerating store expansion. A new location will open in May in Salt Lake City. In the 3rd quarter, TJX will open a Sierra Trading Post store in Ann Arbor, MN. In total, TJX plans to open five Sierra stores in 2016...Tuesday Morning opened two new stores, relocated 11, closed 18 and expanded one in Q3. The company plans 4 new store openings, 14 relocations, one store closing, and four expansions this year. Tuesday Morning currently operates almost 750 units in 40 states...Arby’s Restaurant Group Inc. recently signed a string of deals with new and existing franchisees to build 138 units. Arby’s has 3,300 locations worldwide...Dunkin’ Donuts will be opening its first stores in Hawaii. New franchise group Aloha Petroleum, Ltd. will develop 15 new Dunkin’ Donuts restaurants on the islands of Oahu, Maui, Kauai and Hawaii, with the first restaurant to open in 2017...Michaels Companies opened a 26,500 s/f Pat Catan’s Crafts and Floral store this month, the first opening since Michaels acquired Pat Catan’s parent company earlier this year. Michaels plans to open 43 Michaels stores this year, including 13 relocations. The company also plans to close 10 Michaels stores and 10 Aaron Brothers stores...Grill and sushi bar Kona Grill, Inc. expects to open 8 restaurants in 2016, representing over 20% unit growth... Aldi opened 7 new stores in Southern California this month...Gander Mountain will open 3 new stores this fall in Colorado, Pennsyvania and Texas, bringing its total store count to 160 units... Lifestyle retailer Sundance has added a store in the Portland, OR suburb of Tigard. Sundance has been expanding aggressively, with openings at Galleria Edina in Edina, MN, NorthPark Center in Dallas, Kierland Commons in Scottsdale, AZ, and Southlake Town Square in Southlake, TX...Whole Foods Market is opening its first ever 365 store in Silver Lake, CA this month. The smaller format of 365 averages 30,000 s/f, compared to Whole Foods at 45,000 s/f...TJX Companies Inc. plans to open almost 2,000 additional stores around the world. TJX currently has more than 3,600 stores in nine countries around the world. This year, TJX plans to add 195 new stores...Lowe’s plans to add at least 45 new stores this year.  At the end of the quarter, the company was operating 1,860 stores...GameStop has opened its first ThinkGeek retail location in New York City and plans to open an additional 25 US locations this year. The NY opening marks GameStop’s fourth ThinkGeek store...German supermarket giant Lidl is building up a real estate team in Philadelphia, the company’s first foray outside Europe, ahead of its planned US expansion. Lidl plans to open stores of about 36,000 s/f, about twice as big as a typical Aldi, but only about half the size of a standard supermarket. Most of the locations Lidl is rumored to be pursuing are in the Pennsylvania suburbs and South Jersey. Lidl already has about 200 staffers preparing for its first US openings, which are expected in 2018.

No comments:

Post a Comment