Friday, July 27, 2018

Accelerating News

Chick-fil-A will launch its own line of meal kits called Mealtime Kits, to be tested at 150 of the company’s locations across the Atlanta area beginning in August. Party City will open about 50 Toy City pop-up stores this year alongside its Halloween City pop-up shops…Millstone Capital Advisors announced its purchase of the Native Foods Café fast-casual restaurant chain, which has 13 restaurants in California, Colorado, Oregon, and Illinois…Rent-A-Center will be taken private by buyout firm Vintage Capital Management in a $1.37 billion deal including net debt…Barnes & Noble will open several new, smaller 14,000 s/f prototype stores this year, which will feature a new design. Barnes & Noble operates 630 bookstores nationwide... Coffee Bean and Tea Leaf aims to more than triple its number of US cafes by 2028. A franchisee will open a store in NYC later this year, with a total of 100 new locations planned in NY by 2028. The chain has 311 stores in other parts of the US…Automotive styling franchise Tint World aims to have 300 stores open by 2025, a 400% increase from its current footprint of about 60 locations…Smoothie King, which operates nearly 1,000 locations worldwide, has a deal with a franchisee to develop 60 locations in new markets. The chain expects to open 150 new US locations in 2018, the most ever opened in a single year…Five Below ended 2017 with 625 stores, having grown by 103 net units. For 2018, the plan is 125 stores. The company is on track to open its 1,000th store by 2020...Arby’s has opened of its 1,000th Inspire design restaurant. With the completion of the Pearland, TX restaurant, nearly 1/3 of Arby’s 3,400 restaurants features the new design…Golden Gate Capital has acquired The Learning Experience, which has more than 300 locations operating or under development…Macy’s will open about 60 new standalone Bluemercury stores through 2019. The growth will bring Bluemercury’s store count to about 220...Primark is opening a 9th US store in Brooklyn, NY.  The company opened its first US store in Boston in 2015 and has locations in PA, NJ, CT and NY. The retailer plans 2 more US stores this year. Primark operates as Penney’s in Ireland and has 352 stores in 11 countries... High Bluff Capital Partners, parent company of Quiznos, has acquired fast casual Taco Del Mar. Terms of the transaction were not disclosed. There are currently more than 100 locations in the US and Canada...Athletic wear retailer Fabletics will open 75 new stores, bringing its total to 100…Seafood restaurant Slapfish will open up to 10 additional locations by the end of the year. The company now has 13 units…J.C. Penney will open a multi-level, 75,000 s/f store at Kings Plaza shopping center in Brooklyn, NY in August...uBreakiFix opened 38 new stores in the second quarter, marking a 58% increase over last year’s second quarter growth. These bring the brand’s total to 408 stores across North America. Between July 1 and September 30, uBreakiFix expects to open 35 new stores...Dollar Tree celebrated the opening of its 15,000th store this month...Domino’s wants to open about 2,350 more stores over the next 10 years. Currently, there are about 5,650 US Domino’s locations...Starbucks will open its first US “signing store” in October, in Washington, D.C., near Gallaudet University, the world’s only university designed for deaf and hard of hearing students. All employees will be required to be proficient in American Sign Language (ASL)…Moe’s Southwest Grill will expand in Boston and Philadelphia. Moe’s currently has 700 US franchised locations…Jennifer Furniture will open 5 showrooms in New York and New Jersey and more next year…Schlotzsky’s is converting its 400-plus units to “fast fine”, adding “Austin Eatery” to its name and serving beer and wine. Today there are 18 Austin eateries already converted. By the end of 2019, all 400-plus units will be Austin Eateries...Orangetheory Fitness opened its third  Portland studio, the franchise company’s 1,000th  location. The company has a goal of 2,500 studios by 2020.

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