Wednesday, November 20, 2019

Accelerating Retail News

At Home added 5 new stores last month. The retailer now operates 213 locations in 39 states with an eventual goal of having more than 600 stores…Lidl US will roll out a 2nd wave of stores across New York’s Long Island; by next summer, the grocer will have 8 stores in the area. Lidl operates 10,800 stores in 32 countries…Major League Baseball will open a retail destination in midtown Manhattan in summer 2020, the league’s first permanent retail location in the US…Five Below and Nerd Street Gamers will build 3,000 s/f Localhost spaces in Five Below stores, and host in-person gaming events using professional-level equipment. The test will begin with a multi-store pilot in 2020 and could scale to 70 or more locations...Chipotle’s has over 80 restaurants currently under construction, about half of which will feature mobile pickup lanes, dubbed Chipotlanes, resulting in about 60 Chipotlanes by the end of the year. In 2020, the company expects to open 150 to 165 restaurants, and more than half will include Chipotlanes…Take 5 Oil Change opened its 500th store…UK-based EG Group has completed its acquisition of Cumberland Farms, which operates 567 c-stores in 7 Northeast states and Florida. The deal brings EG Group’s US network to 1,680 c-stores and gas stations across 31 states…CVS announced that its BeautyIRL concept will be expanding to nearly 50 stores by the end of the year...Duluth Trading Co. debuted a new concept,  “The Museum of Man Area and Underwear Shop,” at Mall of America. The store is dedicated to Duluth’s underwear styles for men, with sections dedicated to its four main product lines. Duluth Trading operates 55 stores…Bob’s Discount Furniture will open its first 2 Cincinnati-market stores and enter 2 other new markets early next year. The company is leasing a 31,000 s/f former Hhgregg on Mall Road in Florence, KY., and a former 39,000 s/f Toys R Us in Colerain, OH. With the latest expansion, Bob’s store count will reach 126. The company said additional openings are slated for later in the year and include more new markets...Allbirds will add 20 stores next year. The company currently has 15 stores…Ashley HomeStore opened its 1,000th store last month, a 22,000 s/f  showroom in Millsboro, DE…The Coffee Bean & Tea Leaf will open 3 new locations over the next several months, starting with East Pasadena, CA.  The company currently has more than 1,200 retail locations across the globe...Primark signed a lease to open a 34,200 s/f store in Fashion District Philadelphia, the new retail and entertainment center. The retailer opened its first US store in 2015 in Boston. It now has 9 locations in the Northeast...Happy Socks opened its 4th NYC store in Herald Square, a continuation of Happy Socks’ US expansion plans. The new store opening comes on the heels of 2 store openings earlier this year. Later this year, Happy Socks will open a 5th New York location...HomeGoods is opening 9 new stores across 8 states this month and reopening 1 updated unit…Edible Brands Inc., parent company of Edible Arrangements, is rolling out Incredible Edibles, a line of hemp C.B.D. products set to launch in traditional Edible Arrangement stores and newly branded Gifts & Treats Edible stores later this year. Edible Brands also has plans to introduce its first Incredible Edibles store, which will focus on natural health and wellness, next year...Restaurant chain Slim Chickens expects to open its 100th restaurant in December and is on track to open more than 30 stores in 2020... Burlington Stores will add 50 stores to its portfolio in fiscal 2019 as the 736-unit chain approaches its eventual goal of 1,000 stores...Grocery Outlet envisions quadrupling its current store base through expansion to contiguous markets, eventually reaching 4,800 US stores. Grocery Outlet currently operates 337 stores, all but 20 on the West Coast... REI opened 4 stores in a single day this month as it entered two new markets. REI has 158 stores in 37 states and DC

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