Wednesday, August 28, 2019

Accelerating Retail News

At Home opened its 200th store, with a goal of operating more than 600 stores…Capriotti’s Sandwich Shop has signed 48 franchise development deals within the first 6 months of the year. Capriotti’s currently has 100 operating locations, and more than 130 new shops in progress…The Cheesecake Factory has a deal to buy Fox Restaurant Concepts. Fox’s concepts include Culinary Dropout, The Henry, and Blanco. It currently operates 45 restaurants across 7 states and was the creator of True Food Kitchen and Zinburger. Cheesecake operates 219 restaurants in the US, most under The Cheesecake Factory name. Its other ventures include Grand Lux Cafe, RockSugar Southeast Asian Kitchen and Social Monk Asian Kitchen…5.11 Tactical opened its 50th company-owned store in Fort Bliss, TX. To date, 5.11 owns retail stores in 24 states…Orangetheory Fitness announced expansion into its 50th state, Wyoming. Orangetheory now has more than 1,200 studios in 50 states and 22 countries…Birkenstock Americas opened its 2nd US location, in Venice Beach, CA. It comes after the successful opening of the brand’s first US store in Manhattan’s SoHo neighborhood in 2018…Old Chicago Pizza & Taproom has opened 10 new restaurants in the last year, with 4 more locations set to open in the coming months. By year-end 2019, Old Chicago will have a presence in 25 states…The Container Store has opened a new store concept called The Container Store Custom Closets at its redesigned location in Los Angeles. A second Custom Closets location will open by the end of the year in Dallas…Ross Stores Inc. opened 22 Ross Dress for Less and 6 dd’s Discounts stores across 10 different states in June and July, part of the company’s plans to add approximately 100 stores in 2019, with 75 Ross and 25 dd’s Discounts locations. As part of this wave of openings, Ross entered Ohio and now operates in 39 states...Michaels Jewelers, the 10-store CT chain based in Waterbury, has been purchased by Camile Hannoush, one of the owners of Hannoush Jewelers. Hannoush doesn’t plan to change anything about Michaels, though he will open a new store in the National Harbor Casino in Oxon Hill, MD., the chain’s first store outside CT in decades…Marathon Petroleum Corp. will rebrand 700 stores it acquired from Andeavor to its Speedway convenience store banner by the end of 2019. MPC’s Speedway LLC subsidiary has already rebranded more than 400 stores...Sprouts Farmers Market will expand into new markets, with 6 stores in 2 new states during the second quarter...Noodles & Co., which has 395 company-owned units and 62 franchised units, is planning for 5% unit growth system-wide, with the potential to grow to 7% unit growth in subsequent years…Liberty Tax will acquire The Vitamin Shoppe, which operates 750 stores, in an all-cash transaction valued at approximately $208 million. Liberty Tax, the parent company of Liberty Tax Service, recently acquired retailer Buddy’s Home Furnishings. The Vitamin Shoppe deal is expected to be completed in the fourth quarter.

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