Monday, March 20, 2017

Accelerating News

TJX, parent company of T.J. Maxx, Marshalls, HomeGoods, and Sierra Trading Post, grew its store base by 198 to 3,800 total stores last year. It plans to open at least another 250 stores this year — including 4 stores under a new home concept to complement to HomeGoods. The company sees potential for 5,600 stores in the long term...Starbucks is opening another Reserve coffee bar in one of its traditional stores. Starbucks has rolled out the concept in 20 US stores, and eventually aims to install them in 20% of its stores…Make Up For Ever opened its first global flagship, and 6th US location, in Manhattan, near Bloomingdale’s…Food Lion will remodel 93 stores in the Greensboro, NC, market in 2017. The company has previously remodeled 142 stores in Charlotte, NC, 162 stores in Raleigh, NC, and 76 stores in Wilmington and Greenville, NC. Food Lion will continue to launch enhancements across its more than 1,000 stores, as well as remodeling additional markets...Petco will open 12 new stores in March. It will also relocate one store in Ohio. The retailer operates more than 1,500 Petco and Unleashed by Petco locations…Bach to Rock music school signed franchise agreements to launch 6 new schools in the third quarter of 2017. The music school brand opened 9 new schools in 2016 with an additional 19 schools slated to break ground later this year and into 2018. There are currently 21 US Bach to Rock  schools…Chuy’s Holdings, Inc. opened 12 new Chuy’s restaurants last year, and are on track to open 12 to 14 new locations this year. Chuy’s had 80 restaurants as of December 25, 2016... Bahama Buck’s Original Shaved Ice opened its 100th shop this month in El Paso, TX…Gordon Brothers announced it is acquiring the Wet Seal and other brands within the Wet Seal portfolio, including Arden B, Blink, and Chic Boutique, and plans to rebuild the brand. The transaction is pending final court approval. Wet Seal filed for Chapter 11 bankruptcy protection in February...Trunk Club, the Nordstrom-owned retailer that offers personalized styling services, has opened an 18,000 s/f Clubhouse on Boylston Street in Boston. The store carries ready-to-wear for men and women, along with men’s custom clothing. With the addition of Boston, Trunk Club now operates 7 US Clubhouse locations….Ross Stores  opened 23 Ross Dress for Less stores and 5 dd’s Discounts stores across 15 different states in February and March. The new locations are part of the company’s plans to add approximately 70 Ross stores and 20 dd’s locations during 2017. With the new openings, Ross operates 1,561 Ross Dress for Less and 198 dd’s stores... Rise Biscuits Donuts opened its 8th NC location, and the company has deals in place for 85 US locations. Rise is partnered with franchise development company Fransmart, which developed brands such as Five Guys Burgers and Qdoba…In 2017, Dick’s Sporting Goods plans to open approximately 43 Dick’s Sporting Goods stores, and relocate approximately 7 stores. It also expects to open 9 Golf Galaxy stores and 8 Field & Stream stores. As of January 28, 2017, Dick’s operated 676 Dick’s Sporting Goods stores, 91 golf specialty stores and 27 Field & Stream stores…Amazon will open an Amazon Books location in Bellevue, Washington,  its second in the state and 10th overall...Hammer & Nails Grooming Shop for Guys, a new male grooming franchise, is set to open its first 50 locations in Texas. The concept was originated in 2013 by Michael Elliot, who opened the first Hammer & Nails on Melrose Avenue in LA... Signet Jewelers, parent company of Jared the Galleria of Jewelry, Kay Jewelers, and Zales, plans to close 165 to 170 stores in the coming fiscal year and open 90 to 115 new stores... La Madeleine bakery-cafĂ©, which has more than 80 US locations, plans to double its size through a refranchising initiative. Corporate markets currently offered for refranchising are Houston, Atlanta, Austin, Washington, D.C., and Louisiana…Retro Fitness, a national fitness system with more than 155 gyms in 16 states, is expanding its footprint with more than 100 gyms in its development pipeline and plans to have 250 gyms open in the next two years in new markets such as Florida, Illinois, California, Maryland, Michigan, New York, North Carolina, Pennsylvania, Texas, Utah, Virginia, and Washington, D.C... Dollar General plans to open approximately 1,000 stores and remodel or relocate 900 existing stores in fiscal 2017. During 2016, the company opened 900 new stores and remodeled or relocated 906 stores.

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