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Breaking Retail Real Estate News
  • Taco Bell plans to open 50 NYC locations in the next five years
    (fdfworld.com - 9/20/2017)
  • Taco Bell has revealed plans to open at least 50 more restaurants by 2022... five of these NYC locations will open next year...   (full story)

  • Walgreens to grow by 1,932 stores with Rite Aid deal
    (chicagotribune.com - 9/19/2017)
  • After years of trying, Walgreens Boots Alliance has received clearance from the Federal Trade Commission to expand its business through the purchase of 1,932 Rite Aid stores for $4.38 billion.   (full story)

  • Jimmy Choo shareholders vote in favour of £900m takeover by Michael Kors
    (independent.co.uk - 9/19/2017)
  • Michael Kors looks set to complete its proposed £900m takeover of Jimmy Choo after shareholders of the luxury shoemaker voted overwhelmingly in favour of the bid. More than 98 per cent backed the bid at a meeting on Monday.   (full story)

  • America's 'No. 1 Mexican Restaurant' is Growing Again
    (foodnewsfeed.com - 9/19/2017)
  • After a recession-induced pause in growth that lasted form 2007 till 2014, Abuelo’s is now growing at a rate of two to three stores a year. All locations are ...   (full story)

  • Buffalo Wild Wings' Plan: Smaller Stores, Delivery, Boneless, and More
    (foodnewsfeed.com - 9/19/2017)
  • Buffalo Wild Wings delved deeper into some of the above subjects. One point was the small-format locations. The 2,000–2,500-square-foot units have an estimated average unit volume of $1–$1.5 million per store, which is a higher revenue-per-square-foot option than traditional units. The company sees runway for 200-plus of these locations.   (full story)

  • PWP Growth Equity invests in Luna Grill
    (nrn.com - 9/18/2017)
  • The investment should give Luna and its co-founders, Sean and Maria Pourteymour, the resources to expand the chain ... company said the deal is “specifically targeted to spur growth in existing and new geographies.”   (full story)

  • Love’s Acquires Speedco from Bridgestone
    (tirereview.com - 9/18/2017)
  • The acquisition will add 52 trucking service and lube locations to the Love’s network, bringing the number of Love’s operated tire service and lube facilities to 323.   (full story)

  • The 10 biggest supermarket chains in N.J., and the upstarts gunning for them
    (www.nj.com - 9/18/2017)
  • As the shopping landscape changes, it's making room for ethnic and specialty supermarkets to grow. It has also allowed for some chains that already had a significant footprint in New Jersey to thrive and expand. And that development doesn't seem to be slowing anytime soon, with several large supermarket chains eyeing property here.   (full story)

  • Toys 'R' Us seeks bankruptcy to survive retail upheaval
    (reuters.com - 9/18/2017)
  • The Chapter 11 filing by the biggest U.S. toy store chain, to restructure $5 billion of long-term debt, is among the largest ever by a specialty retailer and casts doubt over the future of the company’s 64,000 employees and nearly 1,600 stores, which remain open.   (full story)

  • Chico's Pushes on With Omnichannel Efforts Amidst Sales Miss
    (risnews.com - 9/18/2017)
  • For the year, the company anticipates capital expenditures of $55 to $60 million due to enhancement to its omnichannel capabilities, as well as other projects within the retailer's digital strategy roadmap and investment in existing stores (year-to date, the company has reinvested in 59 locations through relocations, refreshes and remodels).   (full story)






     

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