Monday, October 1, 2018

Accelerating News

American Eagle Outfitters plans to open 50 to 80 Aerie stores next year. The company currently has 109 Aerie stand-alone stores...Women’s apparel retailer New York & Co. is changing its name to RTW Retailwinds. The company has 425 stores…Online furniture retailer Burrow has opened its first physical store, called Burrow House, in the SoHo section of NYC…Hollywood Feed has acquired Rucker Pet, bringing Hollywood Feed’s Atlanta store count to 16 and its nationwide store count to more than 80. Hollywood Feed plans to open 8 new stores in the coming months…Five Below, which recently opened its 700th store, is on track to open 125 stores this year….Zips Car Wash acquired 4 Wash Wizard Car Wash locations in  So. Carolina. Zips will now operate 12 stores across the state and 28 locations up the Eastern Seaboard…Amazon opened its third cashier-less Amazon Go convenience store in its hometown of Seattle, its largest store yet…Dollar General plans to open approximately 900 new stores in fiscal 2018. It will also remodel 1,000 locations and relocate 100 stores….The Coca-Cola Company has agreed to acquire U.K.-based Costa Limited for $5.1 billion. Costa operates nearly 4,000 coffee cafes across 32 countries…Lululemon  opened four net new stores and completed seven remodels in the last quarter, and expects to open about 40 new locations by the end of the year. The company also opened 23 temporary stores, and plans to more than double that number in Q4... Taco Bell plans to open 300 new small-format restaurants across the country in the next four years... Milan-based 10 Corso Como has opened its first US store, a 28,000 s/f space in NYC’s Seaport District. Taking up the entire first floor of the Fulton Market Building, the store features fashions, books, beauty items, and design objects along with an Italian café and restaurant, garden, and art gallery... Discount Tire opened the franchise’s 1,000th store, in Phoenix, AZ. The tire retailer currently has stores in 34 states with plans to expand in 3 more states in the near future…Amazing Lash Studio opened its 200th studio, in East Brunswick, NJ. The chain has 200 studios in 33 states...First Watch, the daytime-only restaurant brand, plans to open at least 100 more restaurants by the end of 2019. The company has more than 330 restaurants in 29 states, including about 260 First Watch restaurants and 70 eateries under The Egg & I brand. The ultimate goal for the brand is 1,400 locations…Crate & Barrel will open a full-service restaurant in its store at Oakbrook Center, Oakbrook, IL next spring. The restaurant is a partnership between the retailer and Chicago’s Cornerstone Restaurant Group...Tokyo Joe’s opened its 50th Restaurant, in Wheat Ridge, CO, the 4th Tokyo Joe’s to open in 2018...AT&T plans to open 1,000 new stores. In addition to standard retail locations, AT&T plans to open pop-up stores in apartment buildings, condos and other locations in dense urban environments. The company, which claims it can open these smaller stores within 60 days of signing a lease, plans to launch 100 pop-ups this year…Amazon is considering a plan to open as many as 3,000 new Amazon Go cashierless stores by 2021, a move that could make it one of the biggest chains in US. The online giant will open about 10 locations by the end of this year, and about 50 locations in major metro areas in 2019...Sprouts Farmers Market has expanded its US footprint to 19 states with the opening of its first PA store. Sprouts opened 16 stores in the first half of 2018, including a location in So. Carolina in June which was the 300th Sprouts store…Wegmans will open its 98th store this month in Lancaster, PA... Inspire Brands, parent company of Arby’s, Buffalo Wild Wings and Rusty Tacos, has agreed to buy Sonic Corp. for $2.3 billion. Following the completion of the deal, Sonic, parent company of quick-service burger chain Sonic Drive-In, will be a privately held subsidiary of Inspire, which is majority-owned by private equity firm Atlanta-based Roark Capital Group. The deal will make Inspire Brands one of the largest foodservice companies in the country with more than 8,000 company-owned and franchised locations when it adds Sonic’s roughly 3,600 units to its group, making it one of the top 10 largest restaurant companies in the US.

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