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Breaking Retail Real Estate News
  • Lorna Jane Continues Expansion
    (sgbonline.com - 2/18/2019)
  • Lorna Jane, the Australian women’s activewear brand, is opening eight more stores in the U.S. to bring the brand’s store count to 38. The new stores include Palm Desert, CA, Westfield Century City, Los Angeles, CA, Westfield University Town Center, La Jolla, CA, Domain Northside, Austin, TX, City Creek Center, Salt Lake City, UT and the brand’s first outlet store in Camarillo Premium Outlets, Camarillo, CA.   (full story)

  • Earnings Preview: Domino’s Pizza might survive retail slowdown in Q4
    (alphastreet.com - 2/16/2019)
  • In the third quarter, Domino’s Pizza added 232 new stores...   (full story)

  • My Eyelab to Open First Store in Charlotte
    (myeyelab.com - 2/15/2019)
  • NOW Optics, formerly known as Vision Precision Holdings, parent company to My Eyelab and Stanton Optical, has seen explosive growth, with a combined 125 corporate and franchise locations. My Eyelab aims to grow in additional markets in North Carolina and Florida, as well as other Texas markets such as Houston, Odessa, El Paso, Lubbock, Dallas, Corpus Christi and San Antonio.   (full story)

  • Payless Confirms Liquidation
    (footwearnews.com - 2/15/2019)
  • “Payless will begin liquidation sales at its U.S. and Puerto Rico stores on Feb. 17, 2019, and is winding down its e-commerce operations. We expect all stores to remain open until at least the end of March and the majority will remain open until May. This process does not affect the Company’s franchise operations or its Latin American stores, which remain open for business as usual.”   (full story)

  • Samuels Jewelers to Close All Its Stores
    (jckonline.com - 2/15/2019)
  • On Feb. 14, Samuels Jewelers, a 112-store retailer with roots that date back more than a century, told employees that it will shut all of its stores by Feb. 25.   (full story)

  • Conn's HomePlus store in a New Orleans market expansion
    (theadvocate.com - 2/15/2019)
  • "We are excited to expand our footprint in Louisiana," said Norm Miller, Conn's chairman and CEO. "In addition to three new stores in New Orleans, we opened a second location in Baton Rouge, joining a store that is celebrating its 20th anniversary."   (full story)

  • Ace reports Q4 revenues of $1.4 billion
    (hbsdealer.com - 2/15/2019)
  • Oak Brook, Ill.-based Ace Hardware Corp reported fourth quarter revenues of $1.4 billion, up 5.7% from the same quarter last year. U.S. same-store sales for the quarter were up 1.3%. The company announced its worldwide store count increased to 5,253. The co-op added 257 new stores in 2018.   (full story)

  • Frutta Bowls Nears 50-Store Milestone
    (qsrmagazine.com - 2/14/2019)
  • Frutta Bowls opened its 49th store in Fairfax, Virginia on February 1, and will reach the 50-store milestone later this month with a planned opening in Newark, Delaware. This exciting healthy concept has been experiencing rapid growth, with 47 franchised stores and 2 company stores operational in less than 3 years.   (full story)

  • Garbanzo Mediterranean Fresh Inks Multi-Unit Franchise Deal in Boston
    (qsrmagazine.com - 2/14/2019)
  • Garbanzo CEO James Park announced today that the rapidly growing Mediterranean brand has executed a franchise agreement with Designated Operating Partner, Derek St. George, and brother and sister duo, Karl Schmidt and Leigha Schmidt, to bring five Garbanzo locations to Boston.   (full story)

  • How A Remodel Put Golden Chick's Growth On The Fast Track
    (restaurantbusinessonline.com - 2/13/2019)
  • Golden Chick operates 185 locations and expects to open another 25 this year between company restaurants and franchisees, who operate most of the chain’s restaurants.   (full story)

  • Denny' On Pace With Refranchising Plans
    (restaurantbusinessonline.com - 2/13/2019)
  • The chain continues to update its restaurants, with 41 remodels wrapped up in the fourth quarter and plans for 90% of all units to be revamped by the end of the year.   (full story)

  • Skechers Surpasses 3,000-Store Milestone Worldwide
    (marketwatch.com - 2/13/2019)
  • The Company plans to open 70 to 80 Skechers Company-owned stores and another 500 additional third-party-owned stores in 2019.   (full story)

  • Sleep Number more than doubles earnings per share in fourth quarter
    (startribune.com - 2/13/2019)
  • During the quarter, the company also continued to adjust its store operations, opening 20 stores and closing 10. They expect to open 60-70 new stores in 2019...   (full story)

  • Belle Tire Plans to Open 15+ Stores, Continue Expansion into Indy Area in 2019
    (tirereview.com - 2/13/2019)
  • Belle Tire is planning to open at least 17 stores this year with a majority of its growth concentrated in the Indianapolis, Indiana area...   (full story)

  • BSN Sports Acquires Johnny Mac's
    (sgbonline.com - 2/12/2019)
  • BSN Sports has acquired the team sports business of Johnny Mac’s Sporting Goods, based in St. Louis. All nine of Johnny Mac’s stores are expected to close.   (full story)

  • Hemispheres tells vendors it's closing
    (furnituretoday.com - 2/12/2019)
  • Hemispheres, the home furnishing chain started by the founder of Hobby Lobby here in 2001, plans to close its remaining eight stores by the end of the year.   (full story)

  • Popeyes And Burger King Have Rapidly Expanded Delivery
    (restaurantbusinessonline.com - 2/11/2019)
  • While much of Burger King’s growth in recent years has come in international markets, the chain did add 100 net new units in the U.S. in 2018, “the best performance in a long time,” RBI CEO Jose Cil said on the earnings call, noting that the chain still has a lot of “white space” around the world and in its home market.   (full story)

  • Wawa opening in Northeast Philadelphia shopping center this Valentine’s Day
    (philly.com - 2/11/2019)
  • This is Wawa’s fourth new store this year, and is part of the convenience-store chain’s broader goal of opening a record of 63 new stores and remodeling 59 others in 2019.   (full story)

  • Monro Acquired 52 Stores in 10 Months
    (moderntiredealer.com - 2/11/2019)
  • Monro Inc. has acquired 13 more locations in Florida, giving it more than 80 stores in the Sunshine State.   (full story)

  • How Can Sears Stay Viable in the Long Run?
    (footwearnews.com - 2/9/2019)
  • Sears has been granted another lifeline, with a bankruptcy judge approving the company’s $5.2 million sale...The deal would allow the department store chain to continue operations at 425 stores...   (full story)

  • Rebag to open 30 brick-and-mortar stores
    (retaildive.com - 2/8/2019)
  • ... ambitious plans, including adding to its five locations in New York and Los Angeles. Its medium-term plans are to expand to 30 physical stores, both standalone and in malls ...   (full story)

  • Retro Fitness Inks Franchise Agreements for New York and New Jersey
    (prnewswire.com - 2/8/2019)
  • Retro Fitness is expanding its footprint with more than 100 gyms in its development pipeline and plans to have 250 gyms open in the next two years in new, major markets, such as Florida, Illinois, California, Maryland ...   (full story)

  • Chipotle Opens 2,500th Restaurant, Highlighting Continued Growth
    (prnewswire.com - 2/8/2019)
  • Chipotle Mexican Grill today announced that it has opened its 2,500th restaurant at The Shops at Todos Santos in Concord, CA. The Company recently shared its plans to open 140 to 155 new restaurant locations this year.   (full story)

  • Retail Landlords Aim to Connect on First Swing
    (rebusinessonline.com - 2/8/2019)
  • Consequently, developers are devoting more of their budgets than they have in years past to researching, meeting and analyzing users to ensure they nail their tenant rosters on their first try. This is particularly true for developers whose business models center on long-term holds of their properties.   (full story)

  • Chipotle digital sales grow 42% to half billion dollar business
    (nrn.com - 2/7/2019)
  • For the full year, the company opened 137 new restaurants and closed or relocated 54.   (full story)

  • Papa John’s accepts $200 million Starboard investment
    (nrn.com - 2/7/2019)
  • “We believe we have found terrific partners to advance Papa John’s strategy, especially given their record of reinvigorating and growing premier restaurant and consumer brand companies.”   (full story)

  • Saladworks eyes more locations inside ShopRites
    (nrn.com - 2/7/2019)
  • After a successful pilot, fast-casual salad restaurant chain Saladworks this year aims to grow its presence at ShopRite supermarkets in the Philadelphia area.   (full story)

  • Dunkin’ tests delivery with Grubhub
    (nrn.com - 2/7/2019)
  • Dunkin’ Brands opened 148 new Dunkin’ and Baskin-Robbins stores in the fourth quarter, ended Dec. 29, 2018...   (full story)

  • Freddy's Frozen Custard & Steakburgers Achieves Significant Growth and Nationwide Expansion in 2018
    (prnewswire.com - 2/7/2019)
  • Fast-casual restaurant concept Freddy's Frozen Custard & Steakburgers announced today its significant achievements in 2018, which include opening 54 new restaurants in key target markets throughout the ...   (full story)

  • MUTTS Canine Cantina® Signs First Multi-Unit Franchise Deal In Texas
    (franchising.com - 2/7/2019)
  • Slated to open three new locations in the next three years, the new dog parks and restaurants will be located in various neighborhoods within the greater ...   (full story)

  • Celebree School Launches Franchise Opportunity in Nine East Coast States
    (einnews.com - 2/7/2019)
  • Opportunities to open Celebree Schools are now available in Maryland, Delaware, New York, New Jersey, Pennsylvania, Virginia, North Carolina, South Carolina ...   (full story)

  • Schlotzsky’s Austin Eatery Signs 10-Unit Franchise Development Agreement With Veteran Dairy Queen Fr
    (restaurantnews.com - 2/7/2019)
  • Schlotzsky’s Austin Eatery®, the Austin-born fast-casual restaurant, home to The Original® oven-baked sandwich and famous Fresh-from-Scratch® buns, announced today the signing of a 10-unit franchise development agreement that will expand its footprint in key target markets ...   (full story)

  • Wayback Burgers Reports Blazing Growth in 2018
    (qsrmagazine.com - 2/7/2019)
  • Wayback Burgers added 18 new worldwide locations in 2018, representing a 14 percent system growth ...   (full story)

  • Thriving ‘Self-Care’ Sector Fuels Demand for Strip Center Space
    (nreionline.com - 2/7/2019)
  • And this trend is cutting across many sectors, including retail real estate. For example, there’s been an uptick in new leases signed by beauty, health and fitness retailers, many of which are going into neighborhood shopping centers. They’re filling small and mid-size vacancies in both suburban and urban markets.   (full story)

  • Resurrected Bennigan’s Plans its Second Act
    (foodnewsfeed.com - 2/7/2019)
  • This past year, Bennigan’s opened three U.S. restaurants: Steubenville, Ohio; Mandan, North Dakota; and Monahans, Texas. All three are experiencing ...   (full story)

  • Fuzzy’s Taco Shop is Expanding Across the U.S.
    (oaoa.com - 2/7/2019)
  • Fuzzy’s Taco Shop, the award-winning, fast-casual Baja-style Mexican restaurant chain, is expanding its presence in Colorado, Florida, North Carolina and Texas. The openings mark the latest milestone on the brand’s growth trajectory, surpassing ...   (full story)

  • Meineke to expand in area as auto repair grows
    (dispatch.com - 2/7/2019)
  • Meineke Car Care Center plans to open at least six shops in the Columbus area in the coming year — and perhaps as many as eight — more than doubling the company’s four current locations.   (full story)

  • Things Remembered files Ch. 11
    (retaildive.com - 2/6/2019)
  • Things Remembered on Wednesday announced that it has filed for Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware, but the personalized gifts retailer has already found a buyer.   (full story)

  • O’Reilly Automotive, Inc. Reports Fourth Quarter and Full-Year 2018 Results
    (nasdaq.com - 2/6/2019)
  • We achieved our goal of opening 200 net, new stores across 36 states in 2018... We set our 2019 target of between 200 and 210 net...   (full story)

  • Shopko announces 12 more closings in our area
    (fox11online.com - 2/6/2019)
  • "Today we are announcing the closure of an additional 139 Shopko and Shopko Hometown stores. Further, we will relocate approximately 50 optical centers in closing stores to new freestanding locations."   (full story)

  • Rave expands its year-old Pizza Inn Express
    (nrn.com - 2/6/2019)
  • Rave Restaurant Group Inc. is expanding its year-old Pizza Inn Express rollout, adding two more units in the second quarter ...   (full story)

  • ATD’s Tire Pros Welcomes 9 New Franchise Locations
    (tirereview.com - 2/5/2019)
  • Tire Pros, a subsidiary of American Tire Distributors and the nation’s largest franchise network of independent tire dealers, has added nine new franchise locations in California, Idaho, Indiana, Louisiana, Oregon, Tennessee, Texas, Utah and Virginia.   (full story)

  • Charlotte Russe files Ch. 11, plans to shutter nearly 100 stores
    (retaildive.com - 2/4/2019)
  • The company intends to shutter 94 of its stores and pursue a going-concern sale of the business and its assets...   (full story)

  • Houston Bar Louie Franchisees Open 2nd Location
    (restaurantnews.com - 2/4/2019)
  • “We have several markets identified for expansion and would love to add three to five locations over the next few years in Houston.”   (full story)

  • Five Below plans 4 new LI stores; Ulta to open new locations
    (newsday.com - 2/4/2019)
  • Five Below plans to open 94 stores across the country this year, including the Long Island locations and two in Brooklyn, according to its website.   (full story)

  • With new focus on 'to go' orders, Piccadilly is opening restaurants again; second is in Baton Rouge
    (theadvocate.com - 2/3/2019)
  • Plans are in the works to open nine more To Go restaurants in the near future. Azam Malik, chief executive officer, said the company is eyeing three sites in metro Baton Rouge as potential locations for To Go restaurants.   (full story)

  • US kosher supermarket chain relaunching under new ownership
    (timesofisrael.com - 2/2/2019)
  • Seasons is under the ownership of the family of businessman Joseph Bistritzky, CEO of the Maramont Corp., a food services company. The Scarsdale location will be one of six stores to open, but the chain wants to make sure it can succeed in and around New York City, so national ambitions are on hold.   (full story)

  • Tiger Group wins bid to buy ASE assets
    (bicycleretailer.com - 2/2/2019)
  • A group of four companies called the Tiger Group submitted the winning bid to buy the assets of Advanced Sports Enterprises... is currently selling 798 Gymboree and Crazy 8 retail locations...   (full story)

  • Alabama’s Economy Bolstering All Kinds Of Businesses, Including Grocery
    (theshelbyreport.com - 2/1/2019)
  • Lakeland, Florida-based Publix Super Markets Inc. is staying busy in the Alabama market. With 71 stores currently in the state, Publix is planning six new stores and renovating five others.   (full story)

  • Murphy USA Moves Into 2019 Focused on Long-Term Growth
    (csnews.com - 2/1/2019)
  • Of the $225 million to $275 million slated for capital allocation this year, Murphy USA is allocating roughly $140 million to organic growth representing 15 to 20 new-to-industry stores and 20 to 25 raze-and-rebuild locations.   (full story)






     

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