Retail Profile Update
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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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