Tuesday, September 24, 2019

ACCELERATING NEWS

BJ’s Wholesale Club will open two new stores, including BJ’s Gas, in early 2020, in FL and MI. BJ’s Club currently operates 217 clubs and 141 BJ’s Gas locations in 16 states, primarily on the East Coast…Krispy Kreme opened a new prototype store in North Carolina, Krispy Kreme’s most comprehensive redesign in more than a decade. 45 new locations with the updated design will open by the end of 2020…Target Corp. opened its 100th small-format store, and also surpassed its 500th store remodel. Target is on track to remodel 1,000 stores by the end of 2020. After opening 30 small-format locations in 2019, Target said it plans to open nearly 30 more each year for the foreseeable future... Liberty Tax, Inc. parent company of Liberty Tax Service and Buddy’s Home Furnishings, has entered into a definitive purchase agreement whereby Liberty Tax will acquire Sears Hometown’s Outlet business as well as its Buddy’s Home Furnishings Stores in an all cash transaction valued at up to approximately $132.9 million…Five Below is on plan to open 150 stores in fiscal 2019. The retailer opened 44 new stores and ended the quarter with 833 stores in 36 states...Burlington Stores will have remodeled over 60% of its store fleet by the end of this year. The chain, which currently has 691units, has a long-term plan to reach US 1,000 stores...Lego will open more than 160 new stores this year, an increase of almost 40%...Tropical Smoothie Café opened its 800th location this month….Puma opened its first-ever North American flagship, a two-level 18,000 s/f store in New York City…Ulta Beauty plans to open approximately 80 new stores, execute approximately 20 remodel or relocation projects and complete approximately 270 store refreshes by the end of fiscal 2019... The largest Starbucks Reserve Roastery yet will open in Chicago Nov. 15, in a 43,000 s/f space formerly occupied by Crate and Barrel...Tractor Supply Company opened its 1,800th store this month, in Sunbury, Ohio. Tractor Supply has stores in 49 states. The company opened 80 new stores in 2018 and plans 80 new store openings in 2019...Self Esteem Brands, parent company of Anytime Fitness, has purchased The Bar Method, a low-impact fitness franchise with 123 studios across 30 states and Canada. Self Esteem Brands’ portfolio of franchises also includes Basecamp Fitness and Waxing the City... Old Navy plans to open 800 new stores. Parent company Gap announced earlier this year that it would spin off the lower-priced brand. Old Navy had 1,140 stores at the end of its fiscal year in February and plans to open around 75 stores a year, focusing away from malls, with a goal of 2,000 stores in North America. Gap will also begin franchising its Athleta and Janie & Jack brands internationally, starting with online and in shop-in-shop formats and will eventually open brick-and-mortar stores with proven partners. In the last three years, Gap Inc. has opened 100 franchise locations. Currently, there are more than 500 franchise-operated Gap, Banana Republic and Old Navy stores around the world...Neighborhood Goods will open its 3rd location, a 10,000 s/f store in a new mixed-use development in Austin, TX, in 2020...Under Armour plans to have 2,500 stores by 2023. By the end of  last year, it operated around 1,100 locations...Stop & Shop plans to invest $133 million in store remodels in 21 of its Suffolk County, Long Island locations. This series of remodels is part of a multi-year initiative to refresh the brand’s 400+ stores across the Northeast...At Home is opening four new stores this month, growing its national footprint to 209 locations across 39 states by the end of September...Digital hair color brand Madison Reed plans to open some 600 brick-and-mortar stores during the next four years, which includes 500 franchised locations and 100 company-owned locations...Hollister will open a location at 130 W 34th St., in NYC, one of 40 new stores the company will open in fiscal 2019... Apple has reopened its flagship on 5th Avenue in NYC after a long renovation. At 32,000 s/f the store is nearly double the size of the original.

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