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Breaking News

  • New president for E.C. Barton & Company
    (hbsdealer.com - 7/10/2020)
  • In addition to Biggers’ announcement, the company has also seen steady growth across the 17 states in which it operates, including the opening of five new brick and mortar locations.  (full story)

  • Kelly’s Roast Beef Eyes South Florida for Expansion
    (restaurantnews.com - 7/10/2020)
  • Kelly’s Roast Beef, a Boston icon with seven decades of history, is looking to expand not only regionally in New England, but also establish a presence in South Florida. The beloved brand is specifically looking at areas throughout Miami, West Palm Beach, Fort Lauderdale and more.   (full story)

  • Dickey’s Barbecue Pit Begins Q3 With Dozens of New Development Deals
    (restaurantnews.com - 7/10/2020)
  • After an impressive second quarter, Dickey’s continued the momentum by opening six new locations, including one in Arizona, Florida, Michigan, Oklahoma and two in Texas and is on track to open 30 additional restaurants in the U.S. by September.   (full story)

  • Under New Ownership, Gyro Shack Looks to Accelerate Franchise Growth
    (qsrmagazine.com - 7/10/2020)
  • The brand has set its sights on targeted franchise growth, honing in on the western half of the United States, with plans to open a corporate location in Phoenix this year and to add five franchise locations in 2021.  (full story)

  • Muji U.S.A. Files for Chapter 11 Citing Pandemic Shutdowns
    (bloomberg.com - 7/10/2020)
  • Muji U.S.A Ltd., which is operated by Ryohin Keikaku Co., filed for Chapter 11 in Delaware, according to a filing. It listed assets and liabilities in the range of $50 million to $100 million, and estimated the number of creditors at 200 to 999.  (full story)

  • International Bakery-Café Concept Grows With Two New Locations In Portland, Oregon
    (businesswire.com - 7/10/2020)
  • With over 10 years of success in the United States, Paris Baguette is widely well known in the surrounding area, however, these will be the first two locations for the brand in Oregon.  (full story)

  • Aritzia Inc. reports first-quarter loss, revenue drop amid COVID-19
    (airdrietoday.com - 7/10/2020)
  • Aritzia plans to open five or six new stores and reposition three existing locations, primarily in the second half of the fiscal year...  (full story)

  • Meijer Opens Five New Supercenters In The Midwest
    (theshelbyreport.com - 7/9/2020)
  • Located in Manitowoc, Wisconsin; Sycamore, Illinois; Bad Axe, Michigan; and Brimfield and Lorain, Ohio, the 159,000-square-foot supercenters offer a modern shopping experience, providing customers multiple ways to shop.  (full story)

  • Bed Bath & Beyond to close 200 stores in next 2 years
    (dailynews.com - 7/9/2020)
  • Between the store closures and other restructuring moves along the supply chain, the company said it will eventually save between $250 million and $350 million a year, excluding one-time costs. The company, which has a total of 1,478 stores across its brands, said the 200 closures would be “mostly” Bed Bath & Beyond locations  (full story)

  • Bed Bath & Beyond Inc. Reports Results For Fiscal 2020 First Quarter
    (trentonian.com - 7/8/2020)
  • During the fiscal 2020 first quarter, the Company opened one buybuy BABY store and one Cost Plus World Market Store...  (full story)

  • Why Is Casey's Down 7% Since Last Earnings Report?
    (nasdaq.com - 7/8/2020)
  • During fiscal 2020, the company constructed 60 new stores, acquired 18 and had two additional stores under agreement to purchase...  (full story)

  • DAVIDsTEA to close its retail stores in North America
    (seekingalpha.com - 7/8/2020)
  • DAVIDsTEA accelerates its transition to online retailing and wholesale distribution in North America through a restructuring plan to return to profitability.  (full story)

  • Brooks Brothers files for bankruptcy
    (cnn.com - 7/8/2020)
  • The retailer is in the process of shuttering 20% of its 250 US stores. According to the bankruptcy filing, Brooks Brothers has secured $75 million in financing to continue operating.  (full story)

  • Sur La Table pursues sale of company
    (hfndigital.com - 7/8/2020)
  • Sur La Table has filed for Chapter 11 bankruptcy protection and is pursuing a sale of the company, subject to court approval, the specialty retailer announced this afternoon.  (full story)

  • Kum & Go Expanding Urban Store Concept
    (csnews.com - 7/7/2020)
  • Niki DePhillips, senior vice president of store development for the retailer, said the location will be one of five "urban walkup" stores that Kum & Go opens this year. All five will be in high-foot traffic areas, and will not feature parking or fuel.  (full story)

  • Radiance Holdings Acquires The Woodhouse Day Spa
    (prnewswire.com - 7/6/2020)
  • "The formation of Radiance and the acquisition of The Woodhouse Day Spa represents an important milestone in the growth of our company. We're thrilled to have Woodhouse and its franchisees join Sola in our collection of premier concepts."  (full story)

  • Big Blue Swim School adds 3 locations, 100-plus jobs
    (lanereport.com - 7/6/2020)
  • With five locations in Chicago, one in Atlanta, and another 80 units in development, Big Blue Swim School has identified Louisville as a key growth market. With a goal of reaching 150 units by 2021, the brand is uniquely positioned to be the leader in the $3 billion learn-to-swim industry.  (full story)

  • Captain D’s Debuts Latest Store in Shreveport
    (qsrmagazine.com - 7/6/2020)
  • Shreveport accelerates the brand’s Southeastern development, with additional restaurants in Palatka, Florida and Oak Grove, Kentucky slated to open later this year.  (full story)

  • Lucky Brand Files for Chapter 11 Amid COVID-19 Pandemic
    (hypebeast.com - 7/5/2020)
  • The company’s assets are being purchased by SPARC Group LLC, proprietors of labels like Aéropostale and Nautica. “Substantially all” of Lucky Brand’s assets will be acquired, including intellectual property.  (full story)

  • Primark to open FIVE new stores this year as it names its top-selling products post-lockdown
    (en.brinkwire.com - 7/3/2020)
  • During the remainder of this financial year, it plans to open five new stores across the world...  (full story)

  • New Restaurant CAVA Set To Open In Boulder
    (patch.com - 7/3/2020)
  • The Washington, D.C.-based restaurant chain CAVA is opening a new location in Boulder July 10. The chain includes more than 95 locations nationwide, and other locations are planned for Westminster, Highlands Ranch and Fort Collins in the coming months.   (full story)

  • Fig & Olive, New York Restaurant Chain, Files for Bankruptcy
    (bloomberg.com - 7/3/2020)
  • Majority owner Guillaume Fonkenell will work with company managers to decide which of the nine restaurants are still viable and could eventually turn a profit, according to court papers filed in New York on Friday.  (full story)

  • Teriyaki Madness opens first Hawaii location
    (newsbreak.com - 7/2/2020)
  • Founded in Las Vegas in 2003, the brand began expanding in 2005 and now is comprised of 75 locations across the country and in Mexico, with another 75 slated to open over the next two years.  (full story)

  • Capriotti's inks deals for 18 units amid COVID-19
    (fastcasual.com - 7/1/2020)
  • The chain has been able to maintain growth through franchising this quarter with seven ghost kitchen opportunities under development and 11 area development agreements for traditional stores, making up a total of 40 restaurants slated to open across the United States in 2020 with another 180 shops in the pipeline for development for coming years.  (full story)

  • Pet Supplies Plus to open 500th store this year
    (petfoodprocessing.net - 7/1/2020)
  • Pet Supplies Plus expects to open 20 new stores after accepting 12 new franchise agreements and one independent conversion since January. This will include the first Pet Supplies Plus store in Washington state, along with additional stores in Texas, Massachusetts, California and Illinois.  (full story)

  • Bruster’s Real Ice Cream is Full Steam Ahead for National Ice Cream Month 2020
    (franchising.com - 7/1/2020)
  • The company also recently opened three new stores in Ashburn, Virginia, Bowie, Maryland and Polaris, Ohio. These locations complement an additional five stores currently under construction and a new store agreement in Charlotte, North Carolina, which takes total Bruster’s in North Carolina to 10.  (full story)

  • Multi-Brand Franchisee Doubling Down on Better-Chicken Brand
    (franchising.com - 7/1/2020)
  • Mike Sartwell, who is an existing multi-unit franchisee with Slim Chickens, is bringing four new restaurants to Montana. The first location, which is a conversion, will be located at 1450 Prospect Ave. in Helena.  (full story)

  • Aurify Brands to Revive Over 40 Le Pain Quotidien Stores
    (qsrmagazine.com - 7/1/2020)
  • The reopened stores are based in markets across New York, California, Connecticut, Maryland, Virginia, Washington, D.C., and Florida.  (full story)

  • Potbelly Opens Latest Franchise in Wilmington
    (qsrmagazine.com - 6/30/2020)
  • The Potbelly Wilmington location is part of a franchise agreement for the development of 13 new shops across North and South Carolina. The deal with Brent and Michele Brouse includes opening shops along the eastern section of the states, as well as in nearby inland markets.  (full story)

  • I Heart Mac & Cheese Signs Fifth Franchise Agreement To Continue Expansion Across Indiana
    (franchising.com - 6/30/2020)
  • I Heart Mac & Cheese, announced today it has signed a new franchise agreement with Matthew and Elizabeth Griffin to open two additional locations in Indiana, one in the town of Hamilton and another in Northern Indiana. These recent signings will increase I Heart Mac & Cheese’s footprint to five stores in Indiana, each owned by Griffin.  (full story)

  • Celebree School Welcomes Multi-Unit Franchisee in Virginia
    (finance.yahoo.com - 6/30/2020)
  • Celebree School, a leader in early childhood education with 43 open or under development school locations in Maryland, Delaware, Virginia, Pennsylvania, and New Jersey, today awarded Josephine and Edward Johnson two franchises. They will own and operate Celebree School locations in Loudoun County, Arlington or Fairfax, Virginia.  (full story)

  • Old Time Pottery to file Chapter 11 bankruptcy, close stores due to COVID-19
    (usatoday.com - 6/30/2020)
  • As part of the Chapter 11 effort, Old Time Pottery will close stores in Fayetteville, N.C., North Charleston, S.C., Rockford, Ill., and Orlando.  (full story)

  • Opes Acquisition Is Paying $100M For BurgerFi
    (restaurantbusinessonline.com - 6/30/2020)
  • But the company is planning to accelerate its unit growth next year as it emerges from the pandemic. BurgerFi plans to more than double its company-owned units in 2021, to 55 by the end of the year.  (full story)

  • Citi Trends is estimating Q2 total sales to increase in the mid-teens
    (streetinsider.com - 6/30/2020)
  • Maximizing real estate opportunities, including the opening of four new stores thus far in the second quarter of fiscal 2020...  (full story)

  • Pieology Adds Franchisee to Grow the Florida Market
    (restaurantnews.com - 6/30/2020)
  • The Gorrin Group and Corporación Multifranquicas, both partners with decades of experience running successful international name-brand franchises, restaurants and other services in Latin America, is committed to opening multiple locations in the Florida market.  (full story)

  • Five Reasons Why Fazoli’s is the Perfect Franchise for 2020
    (restaurantnews.com - 6/29/2020)
  • We’re gearing up to develop 300-500 locations in the next 5-10 years. Our brand has grown in sales for nine consecutive years and, even during these unprecedented times, our model continues to expand.  (full story)

  • Del Taco Expands in Georgia with Multi-Unit Operating Group
    (qsrmagazine.com - 6/29/2020)
  • The Dalton opening is part of the team’s expansion plans to aggressively develop Del Taco restaurants throughout Northwest Georgia and Southeast Tennessee. Three additional units are in process with at least one more set to open later this year.  (full story)

  • Ann & Hope to permanently close all Curtain & Bath Outlet locations
    (wcvb.com - 6/29/2020)
  • The company’s 11 locations in Massachusetts, Rhode Island and Connecticut will be closed in the next three to four months.  (full story)

  • Austin restaurant chain with ‘damn good tacos’ set to open in KC, with more in the works
    (kansascity.com - 6/29/2020)
  • Austin-based chain Torchy’s Tacos will open its first area location this week in Ward Parkway Center and plans two more area restaurants by the end of the year.  (full story)

  • Microsoft is permanently closing its retail stores
    (cnbc.com - 6/26/2020)
  • Microsoft said its retail team members will help on the website instead of in store. A Microsoft spokesperson told CNBC that all Microsoft employees will have the opportunity to stay with Microsoft.  (full story)

  • The Joint Chiropractic Franchise Continues Strong Growth with Several New Openings
    (franchising.com - 6/26/2020)
  • The Joint also sold 30 new franchise licenses through the end of April, 16 are new owners, while 14 are existing owners who are scaling up to multi-unit ownership. In addition, The Joint also sold one new Regional Developer Area agreement for Iowa, Nebraska, and South Dakota.  (full story)

  • Beverly Hills Rejuvenation Center Set To Open New Location In La Jolla, CA
    (franchising.com - 6/26/2020)
  • Opening our first center in La Jolla, with six more to follow in the Southern California area, will bring its state-of-the-art medical aesthetic services and second-to-none providers to an amazing market,” said co-owner, Nick Samios.  (full story)

  • Clean Juice Celebrates Its 100th Open Location in Four Years
    (prnewswire.com - 6/26/2020)
  • "Reaching 100 store openings, with many more in development, is a significant milestone, especially given that the Clean Juice brand is barely four years old," said Landon Eckles, co-founder, and chief executive officer of Clean Juice.  (full story)

  • Nike plans to open 150 to 200 Nike Live-style stores over next couple of years
    (chainstoreage.com - 6/26/2020)
  • Donahoe also told analysts that Nike is planning to open 150 to 200 small footprint, digitally-enabled stores in North America, the Middle East and Africa.  (full story)

  • Darden Restaurants Reports Fiscal 2020 Fourth Quarter and Full Year Results
    (restaurantnewsresource.com - 6/26/2020)
  • Additionally, for the full year, the Company expects to open 35-40 net new restaurants and have total capital spending of $250 to $300 million.  (full story)

  • Tri Star Energy to Acquire Hollingsworth Oil Retail Fuel Assets
    (cspdailynews.com - 6/25/2020)
  • Tri Star entered into an agreement to acquire the outlets from Hollingsworth Oil on March 6, 2020. The acquisition would expand Tri Star’s presence in middle Tennessee.  (full story)

  • Chuck E. Cheese Parent Company Files for Bankruptcy
    (qsrmagazine.com - 6/25/2020)
  • The eatertainment brand, which also owns Peter Piper Pizza, said it will leverage the bankruptcy to continue discussions with financial stakeholders and landlords “to achieve a comprehensive balance sheet restructuring that supports its re-opening and longer-term strategic plans.”  (full story)

  • Australian FItness Giant F45 To Go Public In U.S. After Merger
    (sgbonline.com - 6/24/2020)
  • Australian fitness chain F45 Training will go public in the U.S. after reaching a deal to be acquired by Crescent Acquisition, a special purpose acquisition company backed by investment firm Crescent Capital. F45’s Co-founder and Chief Executive Adam Gilchrist will continue to run the fitness chain.  (full story)

  • Shake Shack returns to unit growth, sticks to limited menu for now
    (nrn.com - 6/24/2020)
  • In recent weeks, the chain, previously one of the fastest growing brands in the U.S., has opened four new stores, including one in Sacramento, Calif.  (full story)

  • La-Z-Boy Edited Transcript earnings conference call or presentation 24-Jun-20 12:30pm GMT
    (finance.yahoo.com - 6/24/2020)
  • Presuming business trends continue to improve, we anticipate adding 4 net new stores over the course of fiscal '21...  (full story)








     

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