Monday, March 23, 2020

Accelerating Retail News

Note: Accelerating/Decelerating announcements may be subject to change in light of current conditions: Bob’s Discount Furniture opened 4 new stores last month in OH and IL and relocated a store in Norwalk, CT Bob’s has 126 stores across 20 states....PacSun is opening two “landmark stores,” in LA and NYC. Each location is designed to channel the energy, history and native talent of its locale, while working to amplify PacSun’s lifestyle brand...The first Amazon Go full-size, cashierless grocery store has opened in Seattle. The store is about 10,400 s/f and stocks roughly 5,000 items, including fresh produce, meats and alcohol...7-Eleven has expanded its “evolution” store format to Washington, DC, with an additional location to open in San Diego later this year. 7-Eleven plans to expand the concept across the country in 2020….Ono Hawaiian BBQ  opened 12 stores in 2019, and plans to open 12-14 new stores in 2020, bringing their total to 100 stores...L Brands plans to open a net of 70 US Bath & Body Works stores this year, up from 18 in 2019, with the majority located in strip centers. At the end of the fourth quarter, the chain had 1,637 US stores... Paper Source has acquired 30 shuttered Papyrus locations, giving it a total of more than 165 stores nationwide. The retailer plans to rebrand the stores, with the first wave of converted locations to open this month…Following the opening of its 100th small-format store last year, Target is planning to open nearly 36 locations in 2020, making it the biggest year to date for small-format expansion. Target will also begin exploring sites for stores that are approximately 6,000 s/f, roughly half the size of its smallest small-format store – as it looks to reach even more shoppers in urban neighborhoods and on college campuses. Target expects to sign the first lease for the new smaller format in 2020, with an opening date in 2021…Primark opened this month at American Dream in East Rutherford, NJ, Primark’s 10th in the US...Ross Stores opened 19 stores and seven dd’s Discounts outlets across 9 states in February and March. The company plans to add approximately 100 new stores – 75 Ross and 25 dd’s Discounts locations – during fiscal 2020.  Currently, Ross operates 1,565 namesake locations in 39 states and 266 dd’s Discounts stores in 20 states…Burlington Stores plans to open 54 net new stores in 2020…American Eagle Outfitters intends to accelerate the growth of Aerie in 2020, opening 60 to 70 stores. During the past year, American Eagle opened 37 Aerie standalone stores, ending the year with 148 locations…Taco Bell plans to revamp its urban Cantina concept with new “fast-social” restaurants in NY and CA.In addition to those 2 units, the brand will test a conversion of 3 traditional Taco Bells into Cantinas...Dollar General opened a store in Pine Bluffs, WY, its 1st in the state, expanding its footprint to 45 states. In December, the retailer announced plans to open 1,000 stores in 2020. The company operated 16,094 stores in 44 states as of November 1, 2019...CVS Pharmacy will acquire 99 pharmacy locations from Schnucks Markets along with the prescription files from 11 other locations. Terms of the deal were not disclosed. The acquired locations will all be rebranded under CVS Pharmacy. Schnucks operates 112 stores…Wagamama plans 30-40 new US locations. The chain currently operates 200 restaurants…Dollar General plans to open 1,000 locations and relocate 80 existing stores. During fiscal year 2019, the company opened 975 new stores, remodeled 1,024 stores and relocated 100 stores. It operated 16,278 stores in 44 states as of January 31, 2020... Zumiez intends to open up to 8 stores in North America in 2020. Zumiez ended 2019 with 718 stores.

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