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Breaking Retail Real Estate News
  • Annie Sez to close by end of July; some to become Mandee
    (nj.com - 7/13/2018)
  • Women's clothing retailer Annie Sez plans to either close its remaining 10 locations or convert them to Mandee stores. NorthJersey.com was the first to report on Canadian parent company YM's plan to build the Mandee brand and close Annie Sez stores.   (full story)

  • Dollar Tree Celebrates the Opening of Its 15,000th Store with Grand Openings across the U.S.A.
    (finance.yahoo.com - 7/13/2018)
  • “We are excited to have reached this important milestone in our business and we continue to see the opportunity to grow our two strong banners, Dollar Tree and Family Dollar, into approximately 26,000 stores across North America,” stated Gary Philbin, President and Chief Executive Officer.   (full story)

  • The Spice & Tea Exchange Infuses Arizona with Plans to Open 15 New Franchises
    (prnewswire.com - 7/13/2018)
  • The brand also succeeds in markets with a thriving, vibrant population of local foodies and year-round tourists, making Arizona an attractive region for growth. Scottsdale, Flagstaff, Chandler and Lake Havasu are among current target markets, with plans to add more.   (full story)

  • Tropical Smoothie Cafe enjoys growth, success in first half of 2018
    (fastcasual.com - 7/13/2018)
  • Tropical Smoothie Cafe enjoyed significant achievements and growth in the first half of 2018, and the brand opened 47 cafes and signed ...   (full story)

  • Back-To-School And College Spending To Reach $82.8 Billion
    (nrf.com - 7/12/2018)
  • “With the economy thriving thanks to tax reform and growing consumer confidence, we expect to see a very strong season,” NRF President and CEO Matthew Shay said. “College spending is expected to be at its highest level ever, and back-to-school will be one of the three highest years on record.   (full story)

  • Bankruptcy judge OKs $8M sale for Garces Group
    (courierpostonline.com - 7/11/2018)
  • A bankruptcy judge in Camden approved an $8 million deal Tuesday with a partnership between Louisiana-based Ballard Brands and Philadelphia investor David Maser.   (full story)

  • uBreakiFix Opens 38 News Stores, Converts 10 Independent Repair Shops in Second Quarter
    (digitaljournal.com - 7/11/2018)
  • uBreakiFix announced significant growth for the second quarter of 2018, boasting a total of 38 new stores...   (full story)

  • McDade’s Markets in MS Sold to Durnin Group
    (progressivegrocer.com - 7/11/2018)
  • Greg and Kathy McDade, founders of McDade’s Market, based in Jackson, Miss., have sold their four locations to the Louisiana-based Durnin Group, which is owned by Paul Durnin Jr.   (full story)

  • Tender Greens promotes Apple vet as CEO to win the salad wars
    (fastcompany.com - 7/11/2018)
  • One is that she’s got an aggressive plan to expand the business. Tender Greens currently has 28 locations, and Bruno wants to nearly double that in the next two years. The other is that the retail veteran has earned the chops to do it.   (full story)

  • Family Dollar discount store opens in Middletown
    (app.com - 7/10/2018)
  • Family Dollar is on a growth spurt. About three years ago, Dollar Tree acquired Family Dollar Stores for $9.2 billion. In the three months ended May 5, the company opened 62 new Family Dollar stores and renovated 215 others.   (full story)

  • Kate Hudson's Fabletics athleisure line plans to open 75 new stores in global push
    (cnbc.com - 7/10/2018)
  • The privately held retailer, owned by ShoeDazzle and JustFab parent company TechStyle Fashion Group, is planning to open 75 new stores across the U.S. and overseas, bringing its total to 100.   (full story)

  • Slapfish Plans 10 Additional Locations in 2018
    (qsrmagazine.com - 7/10/2018)
  • Slapfish, a modern seafood restaurant serving up bold, craveable dishes in a fast casual setting, announced aggressive expansion plans for the second half of 2018, with sights set on opening up to 10 additional locations by ...   (full story)

  • Ross Dress for Less clothing store opening in Machesney Park
    (mystateline.com - 7/10/2018)
  • Ross Store, Inc. plans to open 10 more stores in the Chicagoland area in 2018, according to information conveyed at the International Council of Shopping Centers Chicagoland Retail Connection event in August.   (full story)

  • New Quiznos Owner Buys Fast Casual Taco Del Mar
    (qsrmagazine.com - 7/10/2018)
  • The San Diego-based private investment firm, which specializes in consumer-facing companies and brands with growth and transformational potential, announced Monday that it has acquired fast casual Taco Del Mar.   (full story)

  • The Fresh Market Closing 15 Stores In Nine States
    (theshelbyreport.com - 7/9/2018)
  • CEO Larry Appel noted that the company has been in the midst of a “turnaround plan” for the past eight months. While “we’ve seen great progress,” he said, “for a variety of reasons unique to each retail location, that progress is not evenly distributed and, as a result, we have decided to close these long-term, underperforming stores.   (full story)

  • High Bluff acquires Taco Del Mar
    (nrn.com - 7/9/2018)
  • Private-investment firm High Bluff Capital Partners has acquired the Taco Del Mar quick-service chain from ...   (full story)

  • The Opportunity Behind Vacant Mall Spaces
    (cpexecutive.com - 7/9/2018)
  • The transition is still in its early stages, but most signs point toward at least one successful strategy—mixed-use mall properties. All those millions of square feet of unoccupied shopping center space across the U.S. could become modern live-work-play hubs.   (full story)

  • Freddy's Frozen Custard & Steakburgers Named Best Franchise to Buy in America
    (prnewswire.com - 7/9/2018)
  • This year, Freddy's Frozen Custard & Steakburgers® plans to open more than 40 restaurants nationwide. Franchise opportunities remain in markets across the U.S., including ...   (full story)

  • Staten Island Mall: On forefront of national trend toward reinvention
    (silive.com - 7/9/2018)
  • "Malls aren't closing around the country. In fact, we have yet to see a decline in the total number of malls. While there isn't much new construction, there is updating and redevelopment, which is good for communities and their economy."   (full story)

  • Subway looks to stem the tide of losses
    (ctpost.com - 7/8/2018)
  • After shuttering more than 800 stores in the U.S. market last year, according to Bloomberg, the Milford-based chain is expected to lose hundreds more this year, which has ultimately led to the revitalization efforts expected to the stymie the downturn.   (full story)

  • Phoenix-based restaurant company expanding to San Diego
    (ktar.com/story - 7/7/2018)
  • Phoenix-based Fox Restaurant Concepts is expanding to San Diego, Califronia, with plans to open four new restaurants in the near future. Aside from the four restaurants set to open in San Diego in the coming months, Fox told the Tribune he plans on scouting other locations for even more expansion opportunities in the future.   (full story)

  • Fast Casual Gains Over Other Restaurant Channels
    (cstoredecisions.com - 7/6/2018)
  • Visits to fast casual restaurants, which are quick-service restaurant concepts that offer more service, higher quality food, and have a higher average check size than other fast food restaurants, have grown 6% annually over the last five years, stemming in large part from store openings, according to The NPD Group, a global information company.   (full story)

  • Mall Makeovers, Big Box Availability Benefit Retail Growth
    (www.costar.com - 7/6/2018)
  • Development is at the forefront of mall makeovers picking up across the country, transforming large, drab slabs of concrete into community centers. The phenomenon joins two other trends that will shape the retail sector for the rest of 2018 and beyond: developers seizing costly opportunities presented by closing big-box stores and brick-and-mortar retailers adopting eye-catching technologies to engage shoppers.   (full story)

  • Mall Tenants Had an Out When Giants Like Macy’s Left. Now Landlords Bar the Door
    (nreionline.com - 7/6/2018)
  • Landlords are now routinely pushing to chisel away co-tenancy provisions when leases come up for renewal, said Ivan Friedman, head of RCS Real Estate Advisors, a New York consulting firm. That wasn’t the case even a couple of years ago.   (full story)

  • At Home decor retailer moving Knox location to Turkey Creek
    (knoxnews.com - 7/5/2018)
  • The company, headquartered in Plano, Texas, opened nine new stores in the first quarter of 2018 and operates 156 stores in all...   (full story)

  • Little Big Burger to open in Texas
    (fastcasual.com - 7/5/2018)
  • This location is the first of three locations in Texas as part of a previously announced multi-unit franchise deal with ...   (full story)

  • My Pie Continues National Growth With Development Expansion Into Alabama
    (franchising.com - 7/5/2018)
  • My Pie, a fine-casual pizza concept that offers customizable, authentic New York-style pizza, has signed a new development agreement to bring the emerging brand into the Alabama market.   (full story)

  • Checkers Goes Modular in Expansive Growth Plans
    (qsrmagazine.com - 7/5/2018)
  • Checkers & Rally’s plans to open about 70 restaurants this year. Thirty of those will be modular buildouts in line with its 4.0 design model ...   (full story)

  • Rockport sells itself in bankruptcy
    (retaildive.com - 7/5/2018)
  • Rockport has agreed to sell itself in bankruptcy to private equity firm Charlesbank Capital Partners, according to a company press release. Rockport expects the sale, which will require approval by the court overseeing the shoe seller's Chapter 11 case, to close by July 31.   (full story)

  • Arby's Reaches Milestone with New Restaurant Design
    (franchising.com - 7/4/2018)
  • Arby’s has announced the opening of its 1,000th Inspire design restaurant — a reveal that marks a major milestone in the restaurant chain’s quest to deliver ...   (full story)

  • Magic Mart announces closure of all stores
    (wvgazettemail.com - 7/4/2018)
  • Magic Mart department stores are owned by Ammar’s Inc. and are based in Bluefield, Virginia. The company said it expects to begin the liquidation in August and all locations are expected to be closed in November.   (full story)

  • Shopping malls want to make you pay for prime parking spots
    (nypost.com - 7/4/2018)
  • Malls across the country, having lost millions of customers to online rivals, hope to win shoppers back with a rather odd marketing plan: pay for parking.   (full story)

  • Boot Barn Acquires Two-Store Boot Chain In Tulsa
    (sgbonline.com - 7/3/2018)
  • Boot Barn Holdings Inc. acquired certain assets of Drysdales Inc., a retailer with two stores in Tulsa, OK...   (full story)

  • Big Frog Custom T-Shirts & More® Looks to Make Impressions in Florida
    (franchising.com - 7/3/2018)
  • As the $50 billion garment decorating industry continues to grow, DeFrece believes that North America will be home to 300 Big Frog stores by 2020.   (full story)

  • Private Florida firm buys Rent-A-Center in $1 billion deal
    (tampabay.com - 7/3/2018)
  • An Orlando private equity firm has purchased lease-to-own business Rent-A-Center in a deal valued at more than $1 billion.   (full story)

  • Golden Gate Capital Acquires The Learning Experience
    (www.oaoa.com - 7/2/2018)
  • Golden Gate Capital, a leading private equity investment firm, today announced that it has acquired The Learning Experience, one of the nation's largest and fastest-growing ...   (full story)

  • RaceTrac Touts Tennessee Expansion
    (cstoredecisions.com - 7/2/2018)
  • With potential store locations being assessed, RaceTrac Inc. is targeting Tennessee as a natural fit for the chain’s future expansion. The company is looking at real estate in Nashville and the surrounding areas with a plan to open 50 new locations in the next few years.   (full story)

  • Study: Fast Casual Traffic Only Segment to Grow in Last 5 Years
    (qsrmagazine.com - 7/2/2018)
  • As much of the U.S. restaurant industry continues to struggle with sluggish customer visits, the fast casual channel continues to grow. Visits to fast casual restaurants have grown ...   (full story)

  • Macy's Plans 60 New Bluemercury Stores
    (nreionline.com - 7/2/2018)
  • The cosmetics brand, acquired by Macy’s for $210 million in 2015, will open about 60 new standalone stores through 2019 -- maintaining the chain’s pace of expansion.   (full story)

  • Herdrich Petroleum Purchases 4 C-Stores
    (cspdailynews.com - 7/2/2018)
  • Herdrich Petroleum Corp. has purchased four Kelly's convenience stores with gasoline from Kelly Oil Co. The four retail locations are located in Dearborn and Ripley counties in Indiana. The purchase allows Rushville, Ind.-based Herdrich Petroleum to expand its market presence to southeastern Indiana with its Quick Pix c-store brand.   (full story)

  • Zeeks Introduces Beer And Pizza Delivery Shack And Other Expansion Plans
    (washingtonbeerblog.com - 6/29/2018)
  • The company’s goal is to establish 30 to 35 Zeeks locations in Western Washington while seeding interest throughout the Northwest and down the West Coast.   (full story)

  • Baja Fresh Mexican Grill returning to Phoenix area
    (abc15.com - 6/29/2018)
  • Five years after leaving the market, Baja Fresh Mexican Grill plans to open five restaurants in the Valley. Two restaurants are currently under construction and expected to open later this summer, another three restaurants are expected to open in 2019.   (full story)

  • H & M Hennes & Mauritz AB Six-Month Report
    (about.hm.com - 6/28/2018)
  • In 2018 we plan to open around 390 stores and to close 150, resulting in a net addition of 240 new stores for the year...   (full story)

  • Camping World Announces Launch Of Gander RV Sales
    (sgbonline.com - 6/28/2018)
  • Camping World has made significant investments in technology and infrastructure and laid the groundwork for the planned launch of up to 40 Gander RV Sales branded locations by Spring of 2019.   (full story)

  • Publix to buy Safeway stores in Florida
    (supermarketnews.com - 6/28/2018)
  • Albertsons Cos. is leaving the Florida market with the sale of its remaining stores in the state to Publix Super Markets Inc...   (full story)

  • Culver’s to Begin Alabama Expansion with Foley Opening
    (qsrmagazine.com - 6/28/2018)
  • Construction of a restaurant in Foley has begun 40 miles southeast of Mobile. Other restaurants are planned however specific locations and timelines have yet to be determined.   (full story)

  • The Coffee Bean & Tea Leaf will open 100 NYC locations
    (beveragedaily.com - 6/28/2018)
  • The Los Angeles-based beverage chain announced Tuesday that it will return to New York City with 100 new franchise locations.   (full story)

  • Circle K Global Re-Branding Campaign Moves Across Texas
    (franchising.com - 6/28/2018)
  • The goal is to complete the rebranding of the division’s 650 Corner Store locations to Circle K by the end of 2020.   (full story)

  • The Cheesecake Factory Unveils Long-Awaited Fast Casual: Social Monk Kitchen
    (foodnewsfeed.com - 6/28/2018)
  • If you were expecting The Cheesecake Factory’s long-awaited fast casual to be a counter-service spinoff of the original, think again.   (full story)

  • Yesway Expands Into 3 New States
    (cspdailynews.com - 6/28/2018)
  • Convenience-store retailer Yesway has reached the 150-store milestone and has significantly expanded its footprint into three new states—South Dakota, Wyoming and Nebraska—with the acquisition of 26 Fresh Start convenience stores.   (full story)






     

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