Thursday, November 1, 2018

NEWS: Accelerating Retail

Amazon opened a new store called Amazon 4-star in New York City’s SoHo neighborhood. The location only sells items that are rated 4 stars or above, are top sellers, or are new and trending on Amazon’s website...Brandless will open a pop-up store in New York City this month, the company’s second pop-up. The e-commerce start-up debuted a pop-up store in Los Angeles in May. The New York location is expected to be double the size of the Los Angeles store...Online home furnishings retailer Wayfair will open two holiday pop-up shops in November, at Natick Mall in Natick, MA, and Westfield Garden State Plaza in Paramus, NJ, Wayfair’s first foray into physical retail...Giant Food Stores debuted a new store concept, Giant Heirloom Market, designed for urban neighborhoods. The first will open later this year in Philadelphia the first of several stores planned for the city. Giant has had a presence in Philadelphia since 2011, but the Heirloom Market store will be its first in the downtown area. Giant Food Stores is owned by Ahold Delhaize…Birkenstock has a opened its first US unit, in lower Manhattan...Indigo Books and Music, the largest bookstore chain in Canada, has opened its first-ever US store, a 30,000 s/f store at The Mall at Short Hills, NJ. The concept combines typical book store categories such as books, magazines and stationery with toys, home décor, wellness and other lifestyle products. It will offer in-store events for kids and adults; an in-store café is under construction...Orangetheory will open more than 260 locations this year and plans to continue at that pace next year. The company currently has 901 locations…Beer restaurant Growler USA plans to double units in about an 18-month period - there are 24 currently - and to double again in the following two years…FAO Schwarz unveiled ambitious plans for its return to retail. The toy retailer has set an opening date of November 16 for its Manhattan flagship at 30 Rockefeller Plaza, the company’s return to NYC after it closed its landmark Fifth Avenue store in 2015, and months after former owner Toys “R” Us filed for bankruptcy and shuttered all US stores. FAO is also expanding into Canada, with plans to open permanent in-store shops across Hudson’s Bay’s 89 stores...Lidl is opening 3 new stores  in NJ in October and November. The openings could put the retailer back on track to meet its goal of  100 new US locations in 2018…Mountain Mike’s Pizza opened its 200th unit, in Sacramento, where the brand currently has 20 restaurants. Mountain Mike’s plans to surpass 300 units within the next few years...Ross Stores opened 30 Ross Dress for Less and 10 dd’s DISCOUNTS stores across 19 different states in September and October, completing the Company’s store growth plans for FY2018 with the addition of 99 new stores. Ross now operate nearly 1,500 Ross and over 230 dd’s DISCOUNTS locations...Coldwater Creek has opened a store in Texas, the company’s fifth since it filed for bankruptcy and closed all its stores in 2014...Tempur Sealy International has opened its 38th store, a Tempur-Pedic flagship in Roseville, CA. The 39th and 40th stores will open before the end of this year.Tempur Sealey is targeting 60 to 80 company-owned locations by the end of 2019, and is in negotiations with landlords of certain locations previously occupied by Mattress Firm, which recently filed for bankruptcy protection...Sprouts Farmers Market plans to open 30 new stores next year, and announced the locations of the first 7 in 5 states: CA, FL, NV,WA, and TX. During the first half of 2018, Sprouts opened 16 new stores. Sprouts now operates 315 stores in 19 states…Woof Gang Bakery, a specialty pet retail and grooming franchise, will end 2018 with a milestone 110 franchise locations and enter into 2019 with a goal to open a new store every 10 days. Woof Gang Bakery is projected to open store number 200 in 2021...Xponential Fitness announced the addition of Pure Barre to the company’s family of brands: Club Pilates, CycleBar, StretchLab, Row House, AKT and Yoga Six. Pure Barre has more than 517 studios throughout the US and Canada.

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