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Breaking Retail Real Estate News
  • Hurricane Grill & Wings Sold to FAT Brands for $12.5 Million
    (foodnewsfeed.com - 11/16/2017)
  • Hurricane Grill & Wings, a 60-plus-unit chicken-wing chain founded in 1995, has entered into a definitive agreement to be sold to FAT Brands Inc. for $12.5 million.   (full story)

  • Papa Murphy’s loss widens in 3Q as store count falls
    (nrn.com - 11/16/2017)
  • The company is not focused on new unit openings, he said. “As the system focuses on top-line growth and absorbing the refranchising of over 100 company stores, we don’t believe new unit openings will be significant,” Spangler said in a statement.   (full story)

  • VERTS Rebrands as Noon Mediterranean
    (qsr - 11/16/2017)
  • For Michael Heyne, the name of his fast casual restaurant was kind of like a bad haircut. Until he fixed it, nobody was willing to be honest.   (full story)

  • Bon-Ton to shutter 15% of its stores
    (hometextilestoday.com - 11/16/2017)
  • The 260-unit regional retailer announced that it will close at least 40 doors next year as it works to cut costs and redirect capital expenditures toward driving sales.   (full story)

  • Albertsons Invests in Texas-Based El Rancho Supermercado, Bob Miller Comments
    (andnowuknow.com - 11/16/2017)
  • "El Rancho has built a great business with its 16 Texas stores, and we're confident that we'll be able to leverage our combined expertise to better serve customers across the existing Albertsons Companies' and El Rancho store bases," said Bob Miller, Chairman & CEO of Albertsons Companies.   (full story)

  • Report: Winn-Dixie's parent company, Bi-Lo, could be headed for bankruptcy
    (theadvocate.com - 11/16/2017)
  • Bi-Lo, the parent company for Winn-Dixie and others, is considering filing for Chapter 11 bankruptcy, according to a report from Bloomberg. Bi-Lo has previously filed for bankruptcy in 2009. Winn-Dixie has approximately 500 locations spread between Florida, Alabama, Louisiana, Georgia, and Mississippi.   (full story)

  • Pop-Up Shops May Be This Holiday Season’s Big Retail Trend
    (jckonline.com - 11/15/2017)
  • Pop-up shops—temporary retail stores designed to drum up consumer excitement and brand awareness—may be the biggest trend in retail this holiday season.Ephemeral stores as a format are certainly here to stay. And they may be beating a rare path forward for ailing brick-and-mortar retail.   (full story)

  • Vitamin World seeks to close 124 stores, sell off the rest
    (newsday.com - 11/15/2017)
  • While Vitamin World “originally intended to proceed with a plan of reorganization . . . unforeseen operational challenges and liquidity concerns have caused the debtors to now pursue a sale of substantially all of their assets,” the retailer’s attorneys wrote in court documents filed Tuesday.   (full story)

  • Wings Etc. to expand footprint
    (sturgisjournal.com - 11/15/2017)
  • Wings Etc. Inc., a full-service grill and pub franchise, continues nationwide growth. The company announced this week that it will expand to nine additional Michigan communities.   (full story)

  • German supermarket chain Lidl buys more land on San Antonio’s Northwest Side
    (mysanantonio.com - 11/14/2017)
  • The supermarket chain pushed into the $669 billion U.S. grocery market this summer with 20 stores along the East Coast. The company plans to open 80 more U.S. stores by summer 2018...   (full story)

  • 7 Dairy Queens to open in part of Arkansas
    (arkansasonline.com - 11/14/2017)
  • A franchisee will open seven Dairy Queen operations in the Northwest Arkansas area, with the first expected to open in Springdale by May...   (full story)

  • Hurricane Grill & Wings franchising fast casual concept
    (fastcasual.com - 11/14/2017)
  • ... more than 50 Hurricane BTW franchise locations already sold and scheduled to open throughout the U.S. in the next 48 months ...   (full story)

  • Pendleton Woolen Mills Opens Two New Retail Stores in the Pacific Northwest
    (nbherard.com - 11/14/2017)
  • “New stores in Boise and Spokane join the company’s other forty retail locations across the country,” said Robin Crowell, VP of Stores. “This Pacific Northwest market is our home, our backyard. Our fans are loyal to the brand and we’re excited to continue to expand our retail presence and share Pendleton’s history, mission and products with an expanded community.”   (full story)

  • Another Broken Egg Receives Majority Investment
    (foodnewsfeed.com - 11/14/2017)
  • Beekman Investment Partners III, LP, a leading private equity firm based in New York, announced that an affiliate has made a majority investment in Another Broken Egg of America, LLC, a premier “better breakfast” restaurant brand. Another Broken Egg’s existing management team will ...   (full story)

  • Artichoke Basille’s Pizza Signs 5-Unit Deal in New Jersey
    (qsrmagazine.com - 11/14/2017)
  • Artichoke Basille’s Pizza, the rapidly expanding New York pizza concept known for creative, artisanal pizza that has attracted legions of fans from celebrities to native New Yorkers alike, has signed a five-unit franchise deal with local developer and passionate   (full story)

  • Plus-size retailer goes bankrupt after expanding too fast
    (nypost.com - 11/14/2017)
  • After disclosing plans to shrink its chain after it fell behind on rent payments and other bills, as reported by The Post last month, the struggling mall-based retailer filed for Chapter 11 on Monday in Newark, NJ.   (full story)

  • The Rock Stars Dominating the Restaurant World
    (foodnewsfeed.com - 11/13/2017)
  • Zislis says that the brand intends to open another 10 locations next year, possibly 16 the following year, and Simmons says Canada and Mexico are “about to open up big and wide.”   (full story)

  • Pizza Restaurant, Taproom Looks to Expand to Alabama
    (waaytv.com - 11/13/2017)
  • An expanding Colorado restaurant chain is looking to expand into Alabama and eight other states as part of a strategy which will lead to 48 new locations...   (full story)

  • Think Tank: Why Bricks-and-Mortar Businesses Will Thrive in 2018
    (wwd.com - 11/13/2017)
  • Brands that understand how to incorporate technology and hyper-local digital tactics into marketing their physical locations, while creating a more useful shopping experience, will continue to thrive as retailers.   (full story)

  • Andeavor Zooms In on Retail Business
    (csnews.com - 11/10/2017)
  • But not all growth is coming from M&A activity. Andeavor's organic growth plan execution has resulted in the addition of 74 net new branded stores, year over year, said Steve Sterin, executive vice president and chief financial officer. The company also expects the initial conversion of approximately 50 stores to company operated in the fourth quarter.   (full story)

  • California coffee chain plans 5 new stores in Phoenix
    (azcentral.com - 11/10/2017)
  • Five new locations are planned for metro Phoenix, starting late next year, according to Laina Sullivan, director of franchise development...   (full story)

  • AT&T Celebrates New Retail Store Design in Jacksonville
    (markets.businessinsider.com - 11/10/2017)
  • The new entertainment store design is an evolution 2 years in the making and will reach 45 stores this year. It will be the design for all AT&T stores moving forward, both new and renovated.   (full story)

  • Is The Mall Lost On The Supermarket? 5 Facts Say No
    (forbes.com - 11/10/2017)
  • More supermarkets are signing leases at shopping malls, adding substantial steam to a trend that emerged tentatively a couple years ago. Kroger, Wegmans and Whole Foods are among the big names that have signed leases to fill former Macy’s, J.C. Penney and Sears stores this year.   (full story)

  • AT&T Celebrates New Retail Store Design in Jacksonville
    (markets.businessinsider.com - 11/10/2017)
  • The new entertainment store design is an evolution 2 years in the making and will reach 45 stores this year. It will be the design for all AT&T stores moving forward, both new and renovated...   (full story)

  • B.Good seeking area developers to help fuel growth
    (fastcasual.com - 11/9/2017)
  • ... is looking to expand to key target markets including Seattle, San Francisco, Los Angeles, Phoenix, Salt Lake City, Denver across Texas and across Florida, CEO Founder Anthony Ackil said in ...   (full story)

  • Elephant Bar Restaurant chain goes bankrupt — again
    (reviewjournal.com - 11/9/2017)
  • Elephant Bar, filed for Chapter 11 protection last month in U.S. Bankruptcy Court in Las Vegas. Its holding company, CM Ebar LLC, claimed at least $3.8 million in assets and $28.3 million in liabilities.   (full story)

  • Closing of Weakest Stores by Retailers Ultimately Expected to Benefit US Shopping Center Performance
    (costar.com - 11/9/2017)
  • However, despite signs of decelerating leasing demand for the U.S. retail market, some analysts speculate that record levels of store closures will eventually have a 'healing effect' on the market as the weakest shopping centers shut down or are repurposed.   (full story)

  • Lacrosse retailer LAX World shutters stores and leaves Cockeysville headquarters
    (baltimoresun.com - 11/9/2017)
  • Lacrosse retailer LAX World has closed all 16 of its stores, including the original Towson location, and shut down its corporate headquarters in Cockeysville...   (full story)

  • Red Robin Will Halt Restaurant Growth After 2018
    (foodnewsfeed.com - 11/9/2017)
  • Red Robin will open nine corporate stores in 2018 but then stop for “18 to 24 months to sort out what models best meet the needs of our changing guest base, allow us to profitably broaden our reach to more guests, all the while reducing construction and labor costs.”   (full story)

  • Tropical Smoothie Bringing 8 New Locations to DFW
    (qsrmagazine.com - 11/9/2017)
  • Tropical Smoothie Café announced that two industry veterans have signed multi-unit franchise agreements for development in Texas, which will bring eight new locations to markets throughout Dallas-Fort Worth ...   (full story)

  • Sears deal: Retailer can sell another 140 stores to fund pensions as losses mount
    (usatoday.com - 11/8/2017)
  • Ailing department-store chain Sears Holdings reached a deal that will allow it to sell up to 140 additional properties as it faces mounting losses and declining sales, likely setting the stage for another round of closures.   (full story)

  • Siena Lending Group Provides $7.5MM Revolver to Menswear Retailer
    (abladvisor.com - 11/8/2017)
  • The financing was completed in conjunction with Bachrach’s emergence from Chapter 11 Bankruptcy proceedings and was used to refinance existing debt and provide additional working capital to support business growth following the Company’s exit.   (full story)

  • Half Price Books to open outlet in Waco
    (wacotrib.com - 11/8/2017)
  • “This will be our fifth outlet store, with others in Rockford, Illinois; Bowling Green, Kentucky; Bloomington, Indiana; and Olympia, Washington.She said the chain, which was founded in 1972, plans to open additional stores next year in the Chicago and Cincinnati markets.   (full story)

  • Panera Bread Announces Definitive Agreement to Acquire Au Bon Pain
    (globenewswire.com - 11/8/2017)
  • The Boston-based bakery-cafe chain has 304 units worldwide, and will be part of Panera’s initiative to intensify growth in new real estate channels, including hospitals, universities, transportation centers and urban locations, among others   (full story)

  • Harveys Opens 3 West Florida Stores
    (progressivegrocer.com - 11/8/2017)
  • In Florida alone, Harveys has opened nearly 20 locations in the past year, expanding into seven new markets. Harveys now operates 80 stores and employs more than 3,600 associates in Florida, Georgia, North Carolina and South Carolina.   (full story)

  • Franchise concept is key to Great Harvest Bread Company’s growth
    (stores.org - 11/7/2017)
  • The Great Harvest model includes standalone store locations, though most are located in smaller shopping centers. The company now has commitments for about 250 new stores over the next two years.   (full story)

  • Take a look inside Metairie's remodeled Target
    (nola.com - 11/7/2017)
  • The changes follow Target's announcement that it will remodel 110 stores and open 28 new small-format stores...plans to renovate another 325 in 2018, 350 in 2019 and 325 in 2020...   (full story)

  • RNR Tire Express Hits Major Growth Milestone with Opening of 100th Store
    (markets.businessinsider.com - 11/7/2017)
  • After opening one new location every month for the past 30 months, RNR Tire Express, the fastest-growing tire and custom wheel franchise in the nation, announced today the opening of its 100th location...   (full story)

  • Target to close a dozen underperforming stores
    (cnbc.com - 11/7/2017)
  • Target has decided to close a dozen stores, based on profitability metrics...   (full story)

  • Fiesta CEO: Hurricanes to blame for Q3 declines
    (fastcasual.com - 11/7/2017)
  • In 2018, Fiesta expects to open nine company-owned Pollo Tropical restaurants in Florida and seven company-owned Taco Cabana restaurants in Texas including ...   (full story)

  • Bankruptcy: Styles for Less files for Chapter 11 protection
    (usatoday.com - 11/7/2017)
  • In the court filing, the retailer blamed several factors for its bankruptcy, including industry discounting, digital threats and the rise of fast-fashion competitors. The company said it had already closed 55 stores, laid off 311 employees, cut salaries and slashed expenses in a turnaround bid.   (full story)

  • Letting The Food Speak For Itself: Bristol Farms’ New-Concept Mulholland Store
    (theshelbyreport.com - 11/6/2017)
  • The 25,000-s.f. store on Mulholland Drive in Woodland Hills, California, located in a space formerly owned by Haggen, is the first major design departure for Bristol Farms in its 35-year history and is “a store that we’ve been dreaming up for a decade.”   (full story)

  • The Chicken-Wing Chain with Major Growth Plans
    (foodnewsfeed.com - 11/6/2017)
  • There are more than 60 locations operating or in various stages of development, with 12 stores expected to open by year-end of 2018. Markets include Florida, Georgia, Kentucky, North Carolina, Pennsylvania, South Carolina, Tennessee, and Virginia.   (full story)

  • New women’s boutique aims to slow life’s pace
    (abqjournal.com - 11/6/2017)
  • “It’s a unique situation with all these other retailers closing, and yet we’re able to grow,” Conick said of the 16 stores the company is opening this year, the largest expansion year to date. “We’re very fortunate.”   (full story)

  • Department Stores Seek A New Direction, But Selling Real Estate Is Not The Answer
    (forbes.com - 11/6/2017)
  • As a retail analyst, I always felt that real estate assets were nice and valuable, but primarily I wanted the companies to report growth in merchandise earnings. I wanted to know that their offerings were selling well over the counter, that customers had a loyalty to their store…that there was excitement in their merchandise motivating customers to buy what they were selling.   (full story)

  • DMK Burger Bar signs 1st franchise deal
    (fastcasual.com - 11/6/2017)
  • Chicago's DMK Burger Bar has signed its first franchise partner, Carolyn Michael, according to a company press release. Michael, who is a multi-unit operator for Freshii, will open multiple locations throughout the city in 2018 and beyond.   (full story)

  • With new owner and broad reach, Mills Fleet Farm steps on the accelerator
    (startribune.com - 11/5/2017)
  • The advancement has already begun. Five new stores are under construction or soon will be in Oconomowoc, Eau Claire, Delavan and DeForest, all in Wisconsin, and Sioux City, Iowa. The new stores will be smaller than the existing 200,000-plus-square-foot megastores. “We think they’re a little too big,” Prelle said. “We can be more space efficient at about 145,000 square feet.”   (full story)

  • How Department Stores Are Killing Off The Full-Price Apparel Business
    (forbes.com - 11/3/2017)
  • The big designer brands that have long been the meat-and-potatoes of department stores’ full-price business have fallen prey to their markdown mania, the massive popularity of off-price chains that department stores have themselves perpetuated, and the sector’s waning appeal   (full story)

  • Grand opening held for new Parker's at Dean Forest Road, I-16
    (wtoc.com - 11/3/2017)
  • This will be the 50th Parkers to open. The store has many different food services you can choose from. They serve breakfast, lunch, and not to mention, their hot fresh coffee...   (full story)

  • MacKenzie River Restaurants Will Finish Strong in 2017
    (franchising.com - 11/3/2017)
  • The MacKenzie River expansion plan has the brand growing with both franchise and corporate locations. Although the company is open to franchise locations in nearly every part of the country, the company is primarily focused on exploring their next locations in Arizona, Colorado, Minnesota and Utah.   (full story)






     

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