Tuesday, March 26, 2019

Accelerating Retail News

Green Growth Brands, a cannabis and CBD-infused products company, opened its first Seventh Sense CBD shop, in Lexington, KY, the first of hundreds GGB plans to open across the US. The company also announced an agreement with Simon Property Group to open shops in 108 Simon malls nationwide, with the first to open in March…Wayfair opened its first permanent location, an outlet center in Florence, KY. The 20,000 s/f store will sell items that have been returned in good condition, as well as other discounted goods…Hobby Lobby opened 54 stores and undertook 20 store relocations in 2018. It plans to open an estimated 65 new locations this year, and relocate an additional 16 stores. Hobby Lobby currently has more than 840 US stores…Activewear brand Lorna Jane is opening 8 more US stores to bring the brand’s store count to 38... DSW Inc. is expanding its pilot W Nail Bar nail salons to 5 additional stores, in Texas, DC., and Ohio. DSW has been testing the service since 2017 at 2 of its stores in Columbus, Ohio…American Dairy Queen Corporation plans to expand its DQ Grill & Chill restaurants by targeting 10 major metro markets and launching a new franchisee incentive program. Dairy Queen has more than 7,000 locations and plans to add more than 70 new restaurants this year...The Habit Burger plans to open 21 to 23 company-owned locations this year, of which a third will be on the East Coast...Kohl’s is working with Planet Fitness to open up to 10 Planet Fitness stores adjacent to select Kohl’s stores across the country in 2019 with the opportunity for additional locations in the future...Amazon.com plans to open dozens of grocery stores in several major cities. The first will open in L.A. as early as the end of 2019. The company has signed leases for at least 2 other locations with plans to open sometime early next year...Pet Supplies Plus has about 100 stores in the pipeline, and plans to open 50 stores this year. The company currently has over 450 stores...Casey’s General Stores has acquired Fantasy’s Convenience stores and Ride the Wave carwashes in Omaha, NE. Casey’s plans to remodel all 9 locations. Casey’s operates more than 2,100 convenience stores in 16 states. It is currently the 4th largest convenience store chain and 5th largest pizza chain in the US…American Eagle Outfitters is planning 60 to 75 new Aerie stores for this year. The openings will include including 35 to 40 standalone locations, as well as a number side-by-side with American Eagle stores. Aerie currently has 115 standalone shops and 147 side-by-side stores...Sephora will open 35 new US locations in 2019. Sephora has 460 stores across the Americas, as well as 660 locations inside JCPenney…Ross Stores opened 22 Ross Dress for Less and 6 dd’s Discounts stores across 6 states in February and March. The company plans to open approximately 100 stores in fiscal 2019...Macy’s will open 50 more Macy’s Backstage outlets this year inside existing Macy’s stores. There are currently 172 Backstage locations, all but 7 of which are inside Macy’s stores…Online retailer Mack Weldon has opened its 1st physical store, 850 s/f  at The Shops at Hudson Yards in NYC…Ulta Beauty plans to open about 80 new stores in fiscal 2019. In addition it will undertake some 20 remodel/relocation projects and about 270 store refreshes. As of February Ulta operates 1,174 US stores.

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