Thursday, April 26, 2018

Accelerating News

Chick-fil-A has opened its largest location ever, on Fulton Street in Manhattan, the chain’s fourth NYC location. The 12,000 s/f restaurant, only 15 ft. wide, has 5 levels, two for food prep, and three levels of dining areas, with a rooftop terrace…ThredUp, the online consignment seller, plans to expand from its current 2 brick-and-mortar locations to 10 by yearend, and plans to eventually expand to 100 stores...Britain’s JD Sports Fashion agreed to buy Finish Line for $558 million in cash, its first entry into the US. Finish Line has 556 stores across 44 states and Puerto Rico…Pet Supplies Plus opened 5 new stores this month in 4 different states. Pet Supplies Plus opened 33 franchise stores and 12 corporate stores in 2017, exceeding 425 locations. This year, the brand is on track to open 50 new stores…Lands’ End, which operates 180 shops in Sears stores, plans to open 40 to 60 stand-alone locations over the next 5 years... Target will open 3 small-format stores in New York City in 2019, with locations in Manhattan and Staten Island, and one in 2022, in Queens. These are in addition to 2 previously announced stores due to open this summer in Manhattan…Freddy’s Frozen Custard & Steakburgers opened 17 new restaurants in the first quarter of 2018. The company also opened its 300th restaurant in Indianapolis March 13…Tractor Supply Company opened its 1,700th store in Mocksville, NC. Tractor Supply Company operates stores in 49 states and opened 101 new locations in 2017. Expansion in 2018 includes 80 new stores…The Lash Lounge has 100 locations set to open within the next year, and more than 300 in development. The Lash Lounge currently operates 19 franchise and corporate locations... Ollie’s Bargain Outlet plans to add 36 to 38 stores this year. The company currently operates 274 units…Sprouts Farmers Market plans to open 13 stores over the course of the quarter, including its first locations in Pennsylvania and Washington.  In total, Sprouts is opening 16 stores in the first half of the year. Sprouts will operate in 19 states by the end of 2018…Off-price retailer Century 21 Stores opened a 5,000 s/f concept store entitled Century 21 Edition at the Staten Island Mall in New York...Best Buy will open its first new US location in seven years, a 36,000 s/f store in lifestyle center Station Park near Salt Lake City. It is slated to open this fall... Lucky’s Market plans to nearly double its store count from 28 locations to more than 40 within the next 18 to 24 months, signing 20 leases for new stores from Montana to Florida...Giant Food Stores will construct 6 new stores, remodel 2 locations and open 5 new fuel stations in Pennsylvania over the next two years, and will enter the East Stroudsburg and Walnutport communities for the first time... Pure Hockey has acquired both Bauer Hockey “Own The Moment” stores. With the acquisition, Pure Hockey will operate 53 retail locations under the Pure Hockey and HockeyGiant brands in 18 states...CARSTAR is continuing to expand its footprint in the US and Canada with more than 30 new store openings so far in 2018

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