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Breaking Retail Real Estate News
  • Food Lion to remodel 93 stores as part of $178 million investment
    (producenews.com - 2/27/2017)
  • Food Lion will remodel 93 stores in the greater Greensboro, NC, market in 2017. The company will make a $178 million investment in its stores, which includes remodeling the stores, additional price investments throughout the year and investments in associates and the community through Food Lion Feeds.   (full story)

  • Revved up for franchisees
    (businessobserverfl.com - 2/24/2017)
  • The Tampa Bay area auto repair industry is about to get a jolt from one of the largest companies in the industry, Meineke Car Care Centers. The Charlotte, N.C.-based auto repair franchise, with nearly 1,000 stores in 48 states and seven countries, plans to open 22 new locations in the Tampa region ...   (full story)

  • J.C. Penney Closing 130 to 140 Stores
    (jckonline.com - 2/24/2017)
  • As expected, J.C. Penney is slimming down its store fleet and will close 130 to 140 stores as well as two distribution centers over the next year. That represents about 13 to 14 percent of its current 1,014-store portfolio.   (full story)

  • Family Christian to close all retail locations, plans liquidation
    (mibiz.com - 2/24/2017)
  • Nearly two years after emerging from Chapter 11 bankruptcy, Family Christian Stores said today that it planned to cease all operations. The Grand Rapids-based retailer of religious merchandise operates more than 240 stores across 36 states and employs 3,000 people, according to a statement. The company did not indicate when it planned to close all of its stores.   (full story)

  • Cheddar’s new prototype shows off the kitchen
    (nrn.com - 2/24/2017)
  • Cheddar’s Scratch Kitchen has culminated its “scratch cooking” positioning with the opening this week of a new prototype in Lake Worth, Texas.   (full story)

  • Rally's Plans Massive Expansion in St. Louis Area
    (riverfronttimes.com - 2/23/2017)
  • The Rally's/Checker's chain currently has sixteen outlets in the greater St. Louis area. Bruce Kim, the director of franchise development, says the Florida-based company would like to add another 22 in the coming years.   (full story)

  • Old Chicago Pizza & Taproom Experiences Significant Growth And Continued Expansion In 2016
    (finance.yahoo.com - 2/23/2017)
  • Old Chicago accelerated its national expansion efforts with the signing of 4 franchise development agreements that will bring 20 new locations to markets including Texas, Oklahoma, Arkansas, Missouri, Montana, Wyoming, Michigan and South Carolina.   (full story)

  • Snack Franchise Kono USA Closes Six Multi-Unit Deals for 24 New Locations
    (finance.yahoo.com - 2/23/2017)
  • Snack options in malls and local events are poised to take an unconventional spin with the rapid expansion of Kono USA’s “The Original” Kono Pizza and Kono To-Go – Fresh Eats, Treats & Sweets franchise brands. In the past two months, the franchisor has signed six multi-unit franchise deals with different entrepreneurial teams across the United States. All told, the multi-unit agreements call for 24 new units ...   (full story)

  • FFO Home plans grand opening at relocated Fort Smith store
    (swtimes.com - 2/23/2017)
  • FFO Home plans a grand opening celebration Friday for its newly relocated store at 8300 U.S. 71 South in Fort Smith...For the first half of 2017, in addition to the new U.S. 71 South store, the company will open two more stores in Oklahoma and its first two in Tennessee...   (full story)

  • TJX is planning a new chain that could deliver another blow to department stores
    (cnbc.com - 2/22/2017)
  • The parent company of T.J. Maxx and Marshalls told investors on Wednesday that it will open a new line of home goods stores this year...   (full story)






     

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