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7-Eleven Negotiating Deal for Open Pantry Locations
(Convenience Store News - 5/16/2012)7-Eleven Inc. is readying a deal to make its return to the Wisconsin market. Dallas-based convenience store giant is in talks to acquire some of Open Pantry's locations. Despite having nearly 7,000 stores, 7-Eleven does not have any in Wisconsin. "We are working with Open Pantry on an acquisition," 7-Eleven spokeswoman Margaret Chabris said. "It's not going to close until next month." Chabris noted that 7-Eleven plans to buy "the majority" of the Open Pantry stores, but not all of them. (full story)
Hurricane Grill & Wings Signs 28 New Franchise Agreements Across the US
(PR Newswire - 5/16/2012)Hurricane Grill & Wings announced five development agreements, adding 28 locations and continuing its national expansion. Currently, the restaurant has 46 locations in six states. The new commitments will open restaurants in four new states including Colorado, Maryland, Delaware, Minnesota and additional units in Hudson Valley, New York. (full story)
My Fit Foods Opens its 5th Austin Location as Part of a Nationwide Expansion!
(prweb.com - 5/16/2012)“This is a monumental opening in the short history of the My Fit Foods concept thus far. This new Austin location also marks the 50th opening of the My Fit Foods brand nationwide. (full story)
U.S. Luxury Brands Continue Growth in Brazil
(Bloomberg Businessweek - 5/16/2012)For years, Brazilians coveting a Coach bag or Tiffany diamonds boarded flights to places like New York and Miami. Now American luxury is coming to them. Coach Inc. last month opened its first South American store in Sao Paulo, has a second one in the works and is eyeing as many as 10 more malls. Tiffany & Co. is doubling its three-store count and has moved beyond the key city of Sao Paulo. Liz Claiborne Inc.’s Kate Spade and Juicy Couture labels and Tory Burch LLC are present, too. (full story)
Nash Finch Acquires No Frills Supermarkets
(DesMoinesRegister.com - 5/15/2012)Nash Finch Co. says its subsidiary U Save Foods Inc. has agreed to buy Omaha-based No Frills Supermarkets. The deal adds 18 stores to the Nash Finch company. Fourteen are located in Nebraska, 12 of which are in the Omaha market. Four stores are located in western Iowa. The transaction is expected to be completed early in the third quarter of 2012.
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First Twin Peaks Restaurant in Iowa to Debut in Des Moines
(RestaurantNews.com - 5/15/2012)Twin Peaks has finally arrived in Iowa thanks to businessman Greg Cutchall. The award-winning adventure lodge’s first location in West Des Moines is now open. Cutchall says that he eventually expects to open more Twin Peaks in neighboring cities. (full story)
Chester's Expands With Four New Locations
(Convenience Store News - 5/15/2012)Chester's International LLC continues its pattern of aggressive growth, recently adding four new convenience store locations. Guppy's Market in Tripoli, Iowa, opened a new Chester's and grand openings for its Chester's Chicken "On the Fly" were each celebrated in Wilmington, Mass. and Bowling Green, Ky. And, the latest Arkansas Chester's location opened in the Home Run Gas Mart - Shamrock Convenient Store in Morrilton last month. (full story)
Liz Claiborne Officially Becomes Fifth & Pacific
(Crain's New York - 5/15/2012)Liz Claiborne Inc. has officially changed its name to Fifth & Pacific Cos., the clothing company said Tuesday. The company announced its name-change plans in January, a move it said was fitting after it sold the Liz Claiborne and Monet brands to J.C. Penney Co. in November. The company will trade on the New York Stock Exchange under the "FNP" ticker symbol. (full story)
Technomic: Fast-Casual Brands Ahead of Industry Growth
(Nation's Restaurant News - 5/15/2012)Sales and unit growth at the country’s largest fast-casual chains continue to outpace that for the overall restaurant industry, according to the latest Fast-Casual Top 150 Chain Restaurant Report from Technomic. Fast-casual brands expanded their unit counts far more aggressively than the restaurant industry as a whole, Technomic found. In 2011, the 150 largest fast-casual chains had an aggregate unit count growth of 5.2 percent, compared with a 0.7-percent increase for the 500 largest restaurant chains across all segments. (full story)
7-Eleven Continues South Florida Expansion
(Convenience Store News - 5/15/2012)The Dallas-based retail chain has been on an expansion drive in Broward, Palm Beach and Miami-Dade counties with 57 new or remodeled stores in the tri-county area since 2010. Fifteen more stores are slated to open by the end of the year in South Florida and 25 are on tap for 2013.
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