Tuesday, November 27, 2018

Accelerating

Hibbett Sports, Inc. has signed a definitive agreement to acquire privately held City Gear, a retailer of premium athletic footwear, apparel and accessories with 135 stores in 15 states….Starbucks is planning to open 2,100 new stores globally next year. The company added about 600 new stores in the most recent quarter and nearly 2,300 last year, and has over 29,300 total locations...Giant Food Stores plans to acquire 5 Shop ‘n Save supermarkets from Supervalu Inc. Financial terms of the deal weren’t disclosed. Giant will convert the stores to Martin’s Food Markets. Giant operates 171 stores in Pennsylvania, Maryland, Virginia and West Virginia as Giant Food Stores and Martin’s Food Markets….Amazon has opened its third Amazon 4-star location, in Berkeley, CA. The format only sells items with a rating above four stars on Amazon, as well as new trending items and best-sellers... Multi-unit franchise operator Drew Smith has opened two  Melt Shop locations in Delaware and New Jersey, the first in these states. Smith owns and operates 23 Five Guys locations throughout greater Philadelphia. The restaurants are part of a 21-unit agreement….Launch Trampoline Park plans to open as many as 10-15 new parks each year over the next several years. Launch has 20 parks currently operating in 13 states, more than half of which have opened since the beginning of 2017 alone.  Development deals have already been signed for 30 new parks throughout 9 states... Lidl US and Best Market announced an agreement in which Lidl will acquire 27 Best Market stores in New York and New Jersey. The deal allows Lidl to expand its regional presence and enter a new market in Long Island…Ollie’s Bargain Outlet opened its 300th location, located about 10 miles south of downtown Baltimore in a former Toys “R” Us. The company has stores in 23 states... Tops Markets completed a financial restructuring and emerged from Chapter 11 bankruptcy. Tops closed 10 stores as part of the restructuring. The downsizing leaves Tops with 159 locations in Upstate New York, Northern Pennsylvania and Vermont…Online retailer Adore Me has opened a store at Bridgewater Commons mall, in Bridgewater, NJ, the brand’s second physical store to date and double the size of its first location at Staten Island Mall. Adore Me plans to open 300 stores during the next five years…Food distributor SpartanNash Co. plans to acquire Martin’s Super Markets Inc.’s 21 stores. The acquisition enlarges the footprint of SpartanNash-owned retail stores. The company currently operates 139 supermarkets under the Family Fare Supermarkets, VG’s Food and Pharmacy, D&W Fresh Markets, Sun Mart and Family Fresh Market banners. Those include 83 pharmacies and 29 fuel centers...Mattress Firm has emerged from bankruptcy having closed about 660 underperforming stores. The closures leave the company with about 2,600 US stores

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