Thursday, December 20, 2018
Accelerating Retail News
Burlington Stores expects to open 46 net new stores next year...Ikea will open around 30 urban store concepts over the next two years. These stores will differ from the company’s big-box warehouses, with a more experiential concept and a greater focus on e-commerce and service offerings…Leichtman Capital Partners closed on its sale of GFG Holding Inc. to two private-equity partners: Lion Capital LLP and Serruya Private Equity Inc. Terms of the deal were not disclosed. Global Franchise Group owns the brands Great American Cookies, Hot Dog on a Stick, Marble Slab Creamery/MaggieMoo’s, Pretzelmaker and Round Table Pizza...At Home is building its store portfolio, with a potential to grow to at least 600 locations. The retailer currently operates 178 stores…Giant Food opened 3 new stores in VA last month, and will remodel 24 locations to feature new amenities such as improved perishable, produce, beer, wine and spirits offerings; florists; bigger natural and organic departments; hot food bars; juice bars; better checkout zones; and full-service pharmacies. Giant operates 164 supermarkets in Virginia, Maryland, Delaware and DC…Dollar General plans to open 975 new stores, remodel 1,000 stores and relocate 100 stores. The company expects to add produce to about 200 of these remodeled stores. Currently, Dollar General has about 425 stores that carry produce. The company sees an opportunity to add 12,000 to 13,000 US store..Swedish socks brand Happy Socks opened its 100th global store, in Manhattan’s Times Square, its third NYC location. Happy Socks hopes to open about 30 - 40 stores in the next couple of years…5 new Popeyes franchises will open on Long Island. Popeyes has about 2,500 US restaurants, and approximately 175 new locations opened in 2018... Dave & Buster’s Entertainment Inc. is on track to open 15 new locations in its fiscal 2018, which ends in February. Dave & Buster’s owns and operates 120 venues in 39 states, Puerto Rico and Canada…Amazon opened a 450 s/f Amazon Go store - about a quarter the size of existing Go stores - on the sixth floor of the Macy’s building in downtown Seattle…Starbucks opened its newest New York Roastery in a new nine-story office building Manhattan’s meatpacking district….Whole Foods Market opened its first Whole Foods Market 365 store in Atlanta, expanding the 365 banner to 12 stores....Grocery Outlet, which operates in Pennsylvania and the western states of Oregon, Washington, Idaho, Nevada and California, opened 30 new stores so far this year and plans 40 more. The retailer is focused on Southern California, and now operates more than 70 stores in the region. In June, Grocery Outlet opened its 300th store in Inglewood, California. The grocer plans to expand nationally…Alimentation Couche-Tard Inc. and CrossAmerica Partners LP reached an agreement that will see 265 sites change hands in a series of transactions. Couche-Tard will sell 192 US company-operated Circle K convenience/fuel stores with an aggregate value of approximately $184.5 million to CrossAmerica. CrossAmerica has agreed to sell to Couche-Tard assets with an aggregate value of approximately $184.5 million. The CrossAmerica assets include the real estate property for 56 US company-operated convenience/fuel retail stores currently leased and operated by Couche-Tard, and 17 company-operated convenience/fuel retail stores currently owned and operated by CrossAmerica in the Midwest.