Wednesday, January 22, 2020

Accelerating

Town Sports International Holdings Inc. has agreed to acquire spin chain Flywheel Sports Inc. The acquisition is expected to close in the first quarter of 2020. Established in 2010, Flywheel has 29 indoor cycling locations across the US. Town Sports is an operator of fitness centers in the Eastern US, California and in Switzerland. Its brands include New York Sports Clubs, Boston Sports Clubs, Philadelphia Sports Clubs, Washington Sports Clubs, Lucille Roberts, TMPL Gym and Total Woman Gym and Spa…Yum Brands has entered into an agreement to acquire The Habit Burger Grill. The deal is expected to close by the end of Q2 2020. The Habit plans to grow to over 2,000 locations under Yum Brands and will be run independently within Yum…Sweetgreen plans to double in size to 200 stores in the next 3 years, growing at 35 to 40% each year...Aroma Joe’s opened 5 new coffee shops in 3 states (MA, ME, and NH) and signed 12 development deals totaling 12 coffee shops expected to open over the next several years. Aroma Joe’s currently has 67 locations currently open and is operating in 5 states, Aroma Joe’s plans to expand into several new markets, including VT, CT and RI...Casper Sleep Inc. filed to go public on the New York Stock Exchange under the ticker symbol “CSPR.” As Casper has expanded its offerings, it also has expanded in brick-and-mortar. The company currently operates 60 stores and could have at least 200 stores over the coming years in North America alone. It also plans to expand internationally…Wawa debuted a new small store format in Philadelphia’s Center City. At 3,000 s/f the location is half the size of a standard Wawa. The store includes the chain’s first-ever pick-up window, and will aim to reduce its environmental footprint by introducing compostable straws, reusable bags and an option to purchase a reusable mug for coffee or hot beverages. Wawa operates more than 880 convenience stores in PA, NJ, DE, MD, VA, FL and D.C... Furniture retailer Havertys will open 3 new stores this coming year. 2 locations are former Toys R Us stores. Havertys operates 121 stores in 16 Southern and Midwestern states...Five Below this year will open 180 new stores in 2020... Private equity firm Atticus Franchise Group, which operates Wingstop, Maaco, and Massage Envy franchise locations, has acquired 18 more Massage Envy locations in Colorado…FASTSIGNS signed over 35 new franchise agreements in the US and Canada, and opened over 30 locations. This year, FASTSIGNS is aiming to sign 45 franchise agreements and enter new markets…Saladworks opened its 100th location in Howard Park, MD this month…Payless ShoeSource  is emerging from bankruptcy protection this month with plans to reopen some of the 2,100 US stores it had shuttered last year. Payless declined to say how many stores it may open; it once operated 2,500 stores…PGA Tour Superstore will open 3 stores this spring. PGA Tour currently operates 41 stores in 16 states, and is looking to open additional stores later in the year... Sportsman’s Warehouse will open 3 new stores, 1 in CO and 2 in CA, the chain’s first announced openings in 2020, with additional openings likely to be announced in the near future.  Including the 3 new stores, Sportsman’s will have a total of 107 stores in 27 states…Starbucks Corp. is expanding its community store initiative by 85 stores, with a goal of opening 100 locations by 2025 in underserved rural and urban areas across the country. Currently, Starbucks operates 14 community stores…Bedding supplier Tempur Sealy plans to open its first Tempur-Pedic retail location in Manhattan in June and is opening its 56th store at the Walt Whitman Mall, Long Island this month. The chain plans to have 75 to 80 retail locations by the end of 2020... Macy’s has added “Feel Good Story” shops to 36 locations nationwide. The concept is the latest iteration of Story at Macy’s and comes 20 months after Macy’s acquired Story, the experiential Manhattan retailer that reinvents itself with a new theme every couple of months. Macy’s is partnering with fitness and wellness media platform Well+Good on the wellness-focused shop concept, which features curated spaces with merchandise and experiences...Love’s Travel Stops & Country Stores will open up to 40 stores in 2020. Love’s travel stop network operates more than 500 locations in 41 states. It has more than 350 truck service centers, which include on-site and standalone Speedco and Love’s Truck Tire Care locations…Casey’s General Stores Inc. plans to add 350 new locations during the next 3 years. The chain currently operates more than 2,200 stores in 16 states.

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