Thursday, June 16, 2016

Accelerating News

Davids Tea opened its 200th North American store this month at Chicago Premium Outlets in Aurora, IL...14 colleges and universities have selected Barnes & Noble College as their partner of choice to operate their campus bookstores. The 14 new contracts represent 23 new campus and virtual bookstores... A 60,000 s/f Crayola Experience has opened at Mall of America. The Crayola Experience is a family attraction that features hands-on activities inspired by Crayola products and technologies as well as a Crayola Store offering a selection of Crayola products and souvenirs. Crayola entered the attractions world in 2013, when the company re-imagined Crayola Experience’s hometown facility in Easton, PA, then opened a second location, in Orlando, FL...Tiffany expects to open 11 stores, relocate 10 stores and close 6 stores worldwide during fiscal 2016. ..Australian fast-fashion chain Cotton On has more than 1,400 stores in 18 countries, but only 121 stores in the US, about 40 of them in Southern California. That will soon change as the company gears up for an expansion to more than 2,000 stores around the world by mid-2019, nearly 10% of them in the US... FASTSIGNS, the sign, graphics and visual communications franchise, has signed 12 franchise agreements with new franchisees who will open centers across the country. FASTSIGNS International, Inc. currently has franchised locations in over 600 locations in 9 countries worldwide with plans to open 45 to 50 additional locations by year end...Five Below opened 21 new stores and ended the quarter with 458 stores in 28 states. During fiscal 2016, the company expects to open 85 new stores, including 28 in the second quarter...Personal care retailer Bluemercury expects to open 42 new stores in 2016... Johnny Rockets will open 14 additional mall locations this year. More than a third of its domestic and international restaurants are located in malls. Johnny Rockets recently announced a new restaurant design and logo...MinuteClinic, the retail medical clinic of CVS Health, has opened 8 new locations inside Target stores in Maryland, including 6 in the Baltimore metro area. The clinics have been rebranded and converted to MinuteClinic. There are now 43 MinuteClinic locations in Maryland, including clinics in select CVS stores. In December 2015, CVS Health acquired all Target pharmacies (1,672 locations across 47 states) and retail clinics (79 locations in 7 states)...Christopher & Banks intends to open 6 new outlet stores and 3 MPW stores in fiscal 2016...Francesca’s plans to open 50 to 60 new stores and close 5 to 10 unprofitable stores during the fiscal year, including 15-20 openings and 1-5 closures in the second quarter. The company count is 637 stores as of April 30, 2016...Harps Food Stores Inc. is acquiring 9 stores in Arkansas and Missouri that were shut down by Wal-Mart Stores Inc. earlier this year. In all, Wal-Mart shut down 11 stores in Arkansas. Wal-Mart announced it was closing 269 stores worldwide, including 154 in the US, as part of its ongoing efforts to streamline and reorganize...The third American Primark store opened this month in Danbury, CT.  The first American Primark opened in Downtown Crossing in Boston last fall, and the second last year at the King of Prussia Mall. Three more are set to open this year, and another three next year. Primark is filling space once occupied by Sears in seven of its  nine American mall locations. Globally, Primark has more than 300 stores in 10 countries... MidiCi: The Neapolitan Pizza Company has signed 100 franchisees to open 352 units across the US over the next five years. 15 restaurants are scheduled to open in 2016, followed by another 50 locations in 2017...Rejuvenation, retailer of reproductions of classic lighting products and house parts is set to open its first location, in Chicago. It will be the company’s 7th store, with existing locations in Atlanta, Seattle, Portland, Oregon, and three in California. The company was founded in 1977 as an architectural salvage store and acquired by Williams-Sonoma in 2011... Gourmet pizza franchise Paisano’s Pizza will open the first of 9 new locations in Washington, DC this month. 8  more locations are slated to open in the next 36 months. Since launching in 1998, Paisano’s Pizza has expanded to 30 locations throughout Northern Virginia and Maryland and abroad, with locations in Dubai...Macy’s will debut a store design at its remodeled location in Easton Town Center, Columbus, OH. The makeover transforms Macy’s conventional department store format with a model that spotlights “lifestyle” departments and leased businesses. The prototype also includes an increased emphasis on customer service... PGA Tour Superstore opened its 26th store to date, and first store in Minnesota, this month. Located in a former Sports Authority location, the 41,000 s/f store has 12 interactive simulators, practice hitting bays, a large putting green measuring more than 1,500 s/f, and an in-house club-making and repair facility to provide an interactive experience to golf enthusiasts of all levels. PGA Tour Superstore is operated by Golf & Tennis Pro Shop, a subsidiary of AMB Group...Tender Greens restaurant plans to expand to Manhattan beginning next year. They plan on 10 to 12 locations in New York City, and will expand over the next few years from D.C. to Boston.

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