Monday, June 5, 2017

Accelerating News

T-Mobile will open 43 new stores in the coming year, adding to a base of 263 retail locations…Papaya King is planning 500 locations across North America. The plan is to go after the 40 biggest media markets in North America and drop franchisees in each one…U.K. sports retail company Sports Direct received the approval of the Delaware Bankruptcy Court to acquire certain assets of Eastern Outfitters LLC, including the businesses of Bob’s Stores and Eastern Mountain Sports for $101 million in cash. The acquisition includes approximately 50 Bob’s Stores and Eastern Mountain Stores in the US…J.C. Penney will open 70 new in-store Sephora shops in Penney locations and expand 32 existing shops by nearly 50%. Sephora shops will be featured in nearly 650 Penney stores in 2017…Sprint plans to add 79 new retail locations across Texas by the end of 2017. Sprint operates 350 retail locations throughout the state…L.L.Bean will open its first Utah store in Park City in the winter 2017 or spring 2018…Macy’s plans to add 30 Backstage shops to existing Macy’s stores this year…Starbucks will open a four-level, 43,000 s/f Starbucks Reserve Roastery in 2019, in the building currently occupied by Crate & Barrel on Michigan Avenue in Chicago. The Chicago Roastery will be the company’s third US Roastery…Bojangles’, Inc. announced a multi-unit development agreement with new franchisee MSR Restaurants, LLC to open multiple Bojangles’ restaurants in metro Washington, DC over the next several years…Bonobos added three new stores (which it calls “guideshops”), in Los Angeles, Kentucky, and Chicago...Daiso Japan opened its 5th store in Texas. The popular 100 yen store, where almost everything costs $1.50, has more than 2,800 stores in Japan and more than 600 in other countries including the US...Weis Markets will open 7 stores and remodel 14 stores by 2018. In 2016, Weis acquired 44 stores from Ahold-Delhaize (including 38 Food Lion locations), converting them to its own banner. The acquisition grew the company’s store base to 204 stores in 7 states…Women’s apparel retailer Avec Les Filles has opened a 1,200 s/f in-store shop at Macy’s Herald Square in NYC. The brand has opened 9 in-store shops at Macy’s to date... DICK’S Sporting Goods  opened 36 new US Golf Galaxy stores, bringing the golf retailer’s footprint to 98 locations across 33 states…Tech repair brand uBreakiFix opened its 300th location, continuing its successful expansion across North America…Spin Master Corp. purchased Marbles: The Brain Store. Under the terms of the sale, Spin Master will acquire the company’s brand name, e-commerce business, portfolio of games, and other assets. Marbles filed for Chapter 11 in February and closed all stores, but continued to look for a buyer for its business…Hammer & Nails Grooming Shop for Guys plans to have 250 locations by 2022. The company will be opening its first franchise locations this year, with 5 slated to open by the end of this summer. After offering a franchise opportunity in 2015, the brand has awarded licenses for more than 200 shops...Plus size retailer Juno Active will open its first store this spring, at Mall of America in Bloomington, MN. Originally called Junonia, the company was founded in 1995 as a catalog operation. It rebranded itself as Juno Active in 2012, and switched to an online model...Sarah Jessica Parker will open her second The SJP by Sarah Jessica Parker store at the Bellagio Resort & Casino in Las Vegas this summer….Amazon Books will open a 10,000 s/f store in the Georgetown section of Washington, DC, and will be Amazon’s 13th bookstore...ZIPS Dry Cleaners opened the first of 110 locations planned for Southern CA. The chain operates more than 50 stores in 6 states…Potbelly Sandwich Shop plans to open at least 4 restaurants in Southern CA... Pep Boys - Manny, Moe & Jack has acquired 12 retail tire locations in the Memphis area with the purchase of Mathis Tire & Auto Service Inc. and Direct Tire Distributors Inc... German chain grocery Lidl is opening its first US stores in June, with 20 stores set to open throughout the summer. The chain plans to open up to 100 stores across the East Coast by next summer...Forever 21 has entered into a partnership with mall owner GGP Inc. to debut a new retail format called Riley Rose, a beauty boutique, at 13 GGP regional shopping centers, with 10 locations opening in 2017.

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