Monday, March 22, 2021

Accelerating Retail News

 Slim Chickens signed franchise agreements for 150 units this year and opened its 116th corporate location…Great American Outdoors Group, parent company of Bass Pro Shops, Cabela’s, and White River Marine Group, will acquire Sportsman’s Warehouse. The transaction is expected to close in the second half of 2021. Sportsman’s Warehouse operates 111 stores. Bass Pro and Cabela’s operate 169 stores...Capriotti’s Sandwich Shop has acquired 67-unit Wing Zone. Capriotti’s opened 18 stores in 2020, boosting it to 115 locations, with an additional 210 in development. More than 30 will open in 2021. The company also signed 24 multi-unit franchise agreements for 106 restaurants, and plans to expand to more than 500 locations by 2025...Tuesday Morning has emerged from bankruptcy protection. The retailer closed approximately 200 stores during the process, leaving it with 490 stores in 40 states...PrimoHoagies has signed agreements to open 21 new franchise locations. PrimoHoagies currently has 81 locations in 6 states…Phenix Salon Suites opened 30 new stores and signed 57 franchise agreements this past year. The company has 290 locations…BoxUnion has acquired TITLE Boxing Club. BoxUnion is a fitness brand with 3 studio locations and a digital subscription service...Ikea opened its first US store in a new smaller format. Located in Queens, NY, the store offers a full range of products in 115,000 s/f, half the size of an average Ikea...Simply, Inc. opened a Simply Mac store at Destin Commons in Destin, Fl. Simply Mac operates 44 stores in 19 states…Citi Trends will open at least 100 new stores and remodel at least 150 stores by the end of fiscal 2023…Kitchen United plans to grow from 4 current locations to 20 by the end of this year…Edible plans to sign 160 franchise agreements and open 40 stores this year...Macy’s opened its 2nd small format Market by Macy’s location at the WestBend shopping center in Southlake, TX…Shake Shack will open its 1st location with drive-thru in 2021, in Orlando, FL. The company plans 5 to 8 US drive-thrus by mid-year...Jay Pandya, who purchased Boston Market last spring from Sun Capital Partners, is currently on pace to open 2 restaurants a week. Pandya and his team have opened 41 new locations. The chain currently has 326 restaurants…American Eagle Outfitters plans to expand its Aerie banner from 342 stores to about 550 by 2023... Amazon opened its 8th Amazon Fresh store, a 45,000 s/f location in Schaumburg, IL...Pet Supplies Plus has entered into an agreement to be acquired by Franchise Group for around $700 million. Pet Supplies Plus is currently owned by Sentinel Capital Partners, and has over 500 locations…Macy’s-owned Bloomingdale’s is experimenting with a 22,000 s/f store format dubbed Bloomie’s to open in Fairfax, VA, this coming fall...Tropical Smoothie Café opened 99 cafes, including its 900th location, in 2020 and is on track to reach 1,000 restaurants in 2021...Volofit has announced 15 new fitness studios in Minnesota, Arizona, Pennsylvania, and North Carolina...McDonald’s plans to open 500 US restaurants, part of a plan to open more than 1,300 locations worldwide...PGA Tour Superstore plans to open at least 6 new stores in 2021, reaching 50 stores by the end of the year...At Home opened 4 stores. The new additions give the retailer a total of 222 locations in 40 states. The company plans to open 12 - 15 US stores this year...Price Chopper/Market 32 and Tops Markets plan to merge, creating a chain with 292 Price Chopper, Market 32, Market Bistro and Tops Markets stores in 6 states...Sola Salon Studios will open 60 locations and sign 43 franchise agreements to develop 113 new salons throughout the US and Canada…Aldi plans to add 100 stores in 2021...Captain D’s will open 15 restaurants in 2021, and signed 5 franchise agreements to bring 17 new restaurants to key markets. Captain D’s operates more than 530 restaurants…Five Below plans to open 170 stores across the country during the next 9 months. The company currently operates 1,051 locations nationwide...Läderach Chocolatier Suisse is expanding its US footprint. The Swiss company signed an agreement to take over the leases of 34 US Godiva locations. Läderach opened its 100th store In December... Joann has filed with the SEC to raise up to $100 million in an IPO. Joann, which operates 855 stores nationwide, intends to list on Nasdaq under the symbol “JOAN.” The company was taken private in 2011 by Leonard Green & Partners LP in a $1.6 billion deal…Tractor Supply Company has acquired Orscheln Farm and Home in an all-cash transaction of approximately $297 million.  Orscheln Farm and Home has 167 stores in 11 states. As of December 2020, Tractor Supply operates 1,923 stores in 49 states and 182 Petsense stores in 25 states...Target opened mini-Apple shops in 17 Target stores this month, with more to open in the fall... Amazon opened its 10th Amazon Fresh store, in Fullerton, CA. Amazon has at least 28 more Amazon Fresh stores in the works…Sephora will open more than 60 freestanding stores and 200 locations in Kohl’s stores this year. ..Dick’s Sporting Goods will open 3 namesake stores and 1 Warehouse Sale location in March. Following the openings, Dick’s will have 730 stores nationwide in 47 states...The Michaels Companies is being acquired by Apollo Global Management Inc.  in a deal that values the arts-and-crafts retailer at $5 billion. Michaels has more than 1,275 stores in North America…Smashburger is adding to its network of 250 corporate and franchise restaurants by opening 40 new restaurants in 2021…Dollar Tree plans to open 600 stores and renovate 1,250 Family Dollar locations this year, with the openings consisting of 400 Dollar Tree stores and 200 Family Dollar stores., including H2 stores, a format that combines Dollar Tree and Family Dollar under one roof...Burlington Stores Inc. expects to open 100 new locations in its current fiscal year... Sprouts Farmers Market will open 20 new stores this year, including 4 with a smaller format and 1 relocation…Big Lots will open 50 to 60 stores this year…Bojangles and franchisee Jeff Rigsby have a deal to open 45 new locations over the next 7 years. Bojangles currently has over 760 restaurants in the Southeast... James Avery Artisan Jewelry opened its 100th location, in Del Rio, TX.. uBreakiFix plans to open more than 150 locations in 2021. The company ended 2020 with 611 locations and opened nearly 20 new stores since Jan. 1.

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