Monday, June 25, 2018

Accelerating News

Checkers & Rally’s Restaurants Inc. plans to open two dozen Checkers restaurants in the Pittsburgh area over the next 3 to 7 years. The company currently has 870 restaurants nationwide. It’s adding another 76 this year and plans another 100 in 2019…Wawa Inc. opened its 800th store last month, in Wilmington, DE. Wawa is also growing the size of its locations. In December, it opened its largest store to date, a 9,200 s/f store in Washington, DC, and plans an 11,300 s/f store in Philadelphia by the end of this year...JAB Holding Co., parent company of Krispy Kreme and Panera Bread, plans to purchase British sandwich chain Pret A Manger. Terms of the deal were not disclosed. JAB, also the owner of Caribou Coffee, Keurig Green Mountain, Einstein Noah Restaurant Group, Inc., and Peet’s Coffee & Tea, struck the agreement with private-equity company Bridgepoint Advisers Ltd. There are 530 Pret A Manger stores worldwide, including 92 in the US... Burlington Stores opened 18 stores in the first quarter, up from 4 in the same period a year ago. It expects to open 35 to 40 net new stores this year.  The chain had 629 locations at the end of 2017, and expects to expand to 1,000 stores long-term…Southeastern Grocers has successfully completed its financial restructuring and emerged from Chapter 11. The company operates more than 575 stores under the Bi-Lo, Fresco y Más, Harveys Supermarket and Winn-Dixie banners in 7 southern states...Dog care franchise Dogtopia signed two multi-unit franchise agreements to open 14 locations in Seattle, The new centers are part of Dogtopia’s plans to reach more than 400 units by 2021...Sprouts Farmers Market opened its 300th store this month,  in Simpsonville, SC...Francesca’s opened 27 new stores and closed 4 during the first quarter, bringing its total store count to 744. It plans to remodel 80-90 existing stores this year…Lumber Liquidators opened its 400th store this month. Since it opened its first store in the West Roxbury neighborhood of Boston in 1994, the hardwood floor retailer has grown to operate stores in 46 states…Entrepreneurs Matt Alexander and Mark Masinter, adviser to developers and brands including Apple, J. Crew, and Restoration Hardware, will open a 13,000 s/f department store concept called  Neighborhood Goods  this fall in Plano, TX. The store will host events, have its own podcast, and includes a bar and restaurant.  Neighborhood Goods will gradually expand to other markets in Texas and beyond…ModCloth, the indie and vintage online clothing retailer Walmart acquired in 2017, has opened a store in San Francisco. Additional ModCloth locations will open in New York, Los Angeles, and Washington, D.C... Private investment firm High Bluff Capital Partners has purchased QCE LLC, parent of the Quiznos chain. Quiznos has about 800 locations in 32 countries…Rutter’s, a privately owned group of companies that includes convenience stores, a dairy and beverage company, and a real estate company, opened its 70th location in Inwood, WV, its first outside PA…Five Below continues to expand, adding 33 new stores in Q1 2018 to bring its presence to 658 stores. Five Below envisions more than 2,500 US stores…4 more states will soon have Dickey’s Texas-Style Barbecue thanks to recent franchising deals. The chain now has more than 550 locations in 45 states…RH (formerly known as Restoration Hardware) will open 4 new stores (“Galleries”) this year.  RH has also developed a smaller-sized prototype - the smaller galleries will enable it to add from 5 to 7 new locations per year… Joann opened a new prototype in Columbus, OH that combines technology, community and learning spaces, and new custom services. oann operates 865 US stores…Bob’s Discount Furniture will open 5 more Southern CA stores by Labor Day weekend. The newest stores will bring the company’s count to 104 stores by September.

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