Wednesday, July 20, 2016

ACCELERATING NEWS

Brookshire Grocery Co. will open 26 locations this summer under its new Spring Market banner. The stores will be on the sites of former Walmart Express stores that Brookshire is in the process of acquiring. The locations range from southern Louisiana to west Texas...Tesla has entered a partnership with Nordstrom department stores, and will open a “gallery” in Nordstrom at The Grove, Los Angeles. The 400 s/f display will feature a Model X electric crossover, and Tesla will offer test drives outside the store. The mini Tesla Store will remain open through the end of the year as a pilot...Amazon plans to open a third Amazon Books this fall, at Washington Square Mall just outside of Portland Oregon. Amazon debuted the concept in Seattle in November. It is scheduled to open a second location this summer, at Westfield UTC Mall, an open-air center near the University of California’s San Diego campus. Amazon Books is also slated to open in Hudson Yards, the planned retail, commercial and residential development in NYC. Hudson Yards stores are projected to open in late 2018 or early 2019....ALDI is expanding in New Jersey. The supermarket chain opened a store in Bloomfield, its 37th location in the state, and several more will open later this year. The company has more than 1,500 stores in 34 states, and plans to open about 130 new stores each year in the future...Ross Stores opened 8 new dd’s Discounts stores this month, bringing its total to near 190 units. Ross Stores operates 1,274 off-price apparel and home goods units in 34 states...Bridgestone Retail Operations LLC is looking to expand its retail reach, which currently includes 2,200 company-owned stores in 48 states, which operate under four brands: Firestone Complete Auto Care, Tires Plus, Hibdon Tires Plus, and Wheel Works. The company plans to get to 3,000-3,500 stores via new store openings, as well as acquisitions. Bridgestone is adding 25 new stores in 2016, probably 40 stores in 2017, and as many as 60 or 65 stores each year after that... PetSmart Inc. opened 12 net new stores for the quarter ending May 1, 2016. The company opened 50 net new stores in 2015 and expects to open approximately 80 in fiscal year 2016. PetSmart operates 1,466 stores in the US, Canada, and Puerto Rico...Barnes & Noble Inc. is set to unveil four concept stores in the next year that will feature restaurants serving alcohol. The chain, which owns 640 bookstores nationwide, aims to combat weak store traffic with expanded cafes serving beer and wine, as well as a full breakfast, lunch and dinner menu, with waiter service...Blaze Fast-Fire’d Pizza announced that its 150th restaurant is set to open next month in Houston, its fourth location in this Texas market, with restaurants now open in 31 states and development underway in 48 US markets. The company is planning to open an average of one new restaurant every four days, with its 500th location projected to open in about three years...Fast-casual seafood restaurant chain Slapfish has signed a multi-state franchise deal which will introduce the chain in Utah, Idaho, Arizona, Nevada, Colorado, and Texas... Kellogg’s will open Kellogg’s NYC, its first-ever permanent café, at 1600 Broadway this month. The café will serve dishes featuring Kellogg’s cereals available with an array of unique ingredients. Customers can customize their dishes by choosing from dozens of toppings. The café will have dine in or carry out options and there are plans to launch a delivery service later in the year...Fresh Thyme market opened its 40th store, the first in Omaha, last month. Two other Omaha stores will open shortly after the new year. Fresh Thyme plans to open 20 to 25 stores a year, for a total of 150 across the Midwest in the next four years, and may look to an initial public offering a few years down the road...Westfield Garden State Plaza is rebuilding one of its entrances and remodeling a prime corner of the Paramus mall to create a showcase space for luxury furniture seller Design Within Reach. DWR will move into a new 12,000 s/f store in October. Design Within Reach started as a catalog company and later began opening retail stores. The company has an outlet store in Secaucus and 3 stores in Manhattan... PGA Tour Superstore will open a 45,500 s/f store at Woodlands Shopping Center, Houston, in a former Sports Authority location, this fall. PGA Tour recently took over another Sports Authority location, in Glendale, AZ, which will open in 2017...Convenience store chain Sheetz is opening 4 stores this month in 4 different states: WV, NC, OH, and PA. Sheetz, operates more than 500 stores... uBreakiFix, which specializes in repair of small electronic such as smartphones, game consoles, tablets, and computer,  announced significant growth for the second quarter of 2016: a total of 27 new stores, 3 of which were in new markets for the brand. The company ended the second quarter with 212 locations across North America. Between July 1 and Sept 30, uBreakiFix plans to open 31 new stores in existing markets and new markets including Boston, and plans to have 275 corporate and franchise locations in operation by the end of 2016... Petco will open five new Petco stores across the country this month, and is remodeling 12 stores. Petco operates more than 1,430 Petco locations and more than 115 Unleashed by Petco locations...Delhaize Group and Ahold have reached agreements with buyers to divest 86 US stores. The companies’ merger is set for completion at the end of July, pending final approval by the FTC. The divested stores are in a limited number of locations in which the companies’ subsidiaries both operate, and represent 4.1% of the Ahold and Delhaize Group companies’ total combined US store count. When the merger is complete, Ahold Delhaize will operate some 6,500 stores.

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