Tuesday, September 26, 2017

Accelerating Retail News

Dollar General opened its 14,000th store last month in Middle Paxton Township, PA…DTLR Inc. is merging with urban lifestyle retailer Sneaker Villa Inc. to form a new entity that will comprise nearly 240 stores - 110 pre-existing DTLR outposts and 120 Villa stores - in 20 states…Sprint is turning 350 RadioShack locations into Sprint stores. In 2015, Sprint moved into 1,435 RadioShack stores to share space with the electronics seller, which had just filed for bankruptcy protection...Mobile payments processor Square has opened a store, Square Showroom, in Manhattan, that provides support for merchants using its technology and space to display its POS hardware…Ulta Beauty will open 100 new locations in 2017. It will also remodel 11 stores and relocate 7 others. As of July 29, 2017, Ulta Beauty operated 1,010 retail stores across 49 states... Private equity firm JAB Holding Company has entered into an agreement to buy Bruegger’s Bagels from Le Duff America, parent of la Madeleine French Bakery & Cafe. Terms of the transaction were not disclosed. JAB’s US holdings include Peet’s Coffee, Caribou Coffee, Krispy Creme, Stumptown Coffee Roasters, Intelligentsia Coffee and the Keurig Green Mountain, and Panera Bread...Wahlburgers has partnered with Hy-Vee grocery stores to open 26 restaurants. Hy-Vee also plans to add select menu items to all 84 Hy-Vee Market Grille restaurants. The move makes Hy-Vee the largest single franchisee of Wahlburgers, which currently has 17 locations in 9 states and in Canada. Hy-Vee plans to open its first Wahlburgers restaurant in West Des Moines, Iowa, in mid-2018. Hy-Vee Inc. has more than 240 retail stores across 8 Midwestern states…Dyson Ltd. will open a Dyson Demo store this fall in Toronto. Also in the works: a store on 5th Avenue in Manhattan, and one in San Francisco’s Union Square. In August, it launched a partnership with Best Buy, opening in-store shops in 90 Best Buy stores. Dyson debuted its freestanding store concept in London last year…Mattress startup Casper is opening pop-up retail stores that will be open through spring 2018 in New York, Los Angeles, Chicago and 12 other major metropolitan areas, Casper’s first foray into its own physical retail locations. Shoppers have been able to test Casper products in West Elm and Target stores…Dick’s Sporting Goods will open 10 Dick’s and Field & Stream stores in 8 cities during the first half of September. Dick’s will have 711 namesake locations and 34 Field & Stream locations across the country...Kohl’s will open 1,000 s/f Amazon shops next month in 10 Chicago and Los Angeles stores, where customers will be able to buy Amazon Echos, Fire tablets and other gadgets. Kohl’s has more than 1,100 US stores...Gymboree Corp. won court approval to exit Chapter 11 bankruptcy by the end of the month. Gymboree had filed for bankruptcy in June 2017 with a plan to close 375 to 450 stores. As of April 29, 2017, the Company operated a total of 1,281 retail stores...Japanese lifestyle brand Muji has opened a 7,300 s/f store in the Williamsburg section of Brooklyn, the retailer’s 7th store in greater NYC. Muji has 6 locations in California, one in New Jersey and one in Boston, and plans to add more US stores next year. Muji has over 800 global locations…Sandwich chain Melt Shop hopes to grow to 100 locations during the next 5 years across the US and internationally via franchising. The brand currently operates 6 corporate-owned locations in New York, one at Mall of America, and one in King of Prussia, PA...Nordstrom will roll out a new line of stores, called Nordstrom Local, which will be 3,000 s/f, instead of a typical Nordstrom box size of 140,000 s/f.  Nordstrom Local will have dressing rooms where shoppers may try on clothes, but won’t actually keep inventory in stock. Instead, Nordstrom will pull merchandise from its larger stores and from its website. The first is set to open in CA on Oct. 3... Mediterranean fast-casual restaurant Cava plans to expand its chain to Austin, Charlotte and Boston in early 2018. The chain currently has 35 restaurants, and is also planning its first CT restaurant as well as new locations in existing markets DC, NY, and NJ…Online footwear brand Birdies, known for its slippers, will open its first store, on Union Street in San Francisco, this fall... Auto services retailer TBC Corp. has opened 4 new company owned locations under the NTB Tire & Service Centers and Tire Kingdom Service Centers  brands…Online shoe brand Allbirds opened its second brick-and-mortar location, in Manhattan’s SoHo neighborhood…The Kroger Co. is opening its first-ever full-service restaurant, called Kitchen 1883, to be located next to Kroger’s new Marketplace store in Union, Kentucky, in October. It will serve lunch and dinner, and brunch on weekends…Monomoy Capital Partners has successfully completed the acquisition of West Marine, the firm’s third investment of 2017 following its acquisitions of Klaussner Furniture Industries and Friedrich Holdings. West Marine has 249 stores in 37 states and Puerto Rico….Target Corp. is adding health clinics to 31 stores in Southern California. Currently, there are 4 Target Clinics, with 4 set to open in November…Nestlé has bought a majority stake in the Blue Bottle coffee shop chain. Blue Bottle expects to nearly double its store count this year to 55 outlets...Walgreens Boots Alliance has secured regulatory clearance for a revised deal under which it will buy 1,932 stores from Rite Aid. The original proposal had included 2,186 stores. The deal will enable Walgreens to dramatically increase its store footprint to about 10,000 US locations. The stores will be converted to Walgreens in phases. The transaction is still subject to other customary closing conditions. Store purchases are expected to begin in October, with completion anticipated in spring 2018.

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