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Breaking Retail Real Estate News
  • Pier 1 Imports to close up to 145 stores in yet another attempt to stall steep decline
    ( - 4/18/2019)
  • Interim Chief Executive Cheryl Bachelder said in Wednesday’s announcement that the results were “disappointing” and reflected “execution issues.” She promised that the plan for the 2020 fiscal year “is designed to reset our operating model and rebuild our business for the future.”   (full story)

  • Tire Discounters Lays the Groundwork for More Growth
    ( - 4/18/2019)
  • The company has hired four field leaders to help it quicken the Tire Discounters expansion process. Aaron Eck, Jim Phillips, George Reynolds, and John Ross will help the company open 19 stores over the next 12 months.   (full story)

  • Tops Reveals $40M Store Improvement Plan
    ( - 4/18/2019)
  • Tops Friendly Markets plans to remodel a number of its upstate New York stores and add new e-commerce features as part of a $40 million capital improvement program after emerging from Chapter 11 in November.   (full story)

  • Cava sets its sights on bigger national presence after Zoes Kitchen acquisition
    ( - 4/18/2019)
  • Next week, Cava will bring its Chipotle-style, assembly-line format to its 80th location as part of its plan to open 10 locations in the first half of 2019.   (full story)

  • Black Bear Diner names new president, COO
    ( - 4/18/2019)
  • ... The company, whose restaurants sell home-style comfort food in a mountain lodge-themed setting, has 128 locations in 13 states. Last year, it opened 15 diners. To date, it has opened eight locations in 2019.   (full story)

  • Uncle Maddio's Files For Bankruptsy Protection
    ( - 4/18/2019)
  • Integrity Brands, the Atlanta-based operator of the fast-casual pizza chain, filed for Chapter 11 bankruptcy protection in Georgia.   (full story)

  • Schlotzsky's Aims To Complete Chainwide Redo In Months
    ( - 4/18/2019)
  • After converting 40 restaurants into the more upscale Schlotzsky’s Austin Eateries, the Schlotzsky’s fast-casual sandwich chain aims to rebrand the other 337 units in the chain no later than the end of this year, President Kelly Roddy told Restaurant Business.   (full story)

  • Yoshinoya Announces Opening of Newest Store in Bakersfield, CA - The Second of Many New Stores
    ( - 4/17/2019)
  • With this new store opening, Yoshinoya will now have over 2,000 locations worldwide and multiple new locations in Greater San Diego in the City Heights and Escondido areas. Additional locations are in the works for Bakersfield as well.   (full story)

  • Buyout firm Apollo to buy Smart & Final Stores for $1.1 billion
    ( - 4/16/2019)
  • Apollo Global Management LLC said on Tuesday it will acquire Smart & Final Stores Inc for about $1.1 billion, including debt, the second time the private equity firm will own the U.S. food retailer.   (full story)

  • BoConcept franchisee opens second D.C. showroom
    ( - 4/15/2019)
  • Earlier this year Henrik Eriksen, CEO for BoConcept North America told Furniture Today the company plans to more than double its footprint of U.S. and Canadian stores within five years to 50 showrooms, and that included the McLean store under construction.   (full story)

  • Hy-Vee Opens Minnesota HealthMarket Rx, Pharmacy Locations
    ( - 4/15/2019)
  • Hy-Vee Inc. has opened nine Hy-Vee HealthMarket Rx locations and one Hy-Vee Pharmacy location in the Rochester, Minn., area, following its acquisition of the former Weber & Judd pharmacy locations revealed in February.   (full story)

  • Fred's to close 159 stores and start clearance sales at 360 locations
    ( - 4/12/2019)
  • The closing stores represent nearly 29% of Fred's 557 stores and are located in 13 states, with Mississippi, Alabama, Georgia and Tennessee losing the most stores.   (full story)

  • Bed Bath & Beyond plans to close at least 40 stores this year but open 15 new locations
    ( - 4/12/2019)
  • We expect to open approximately 15 new stores in fiscal 2019. This will be offset by a minimum of approximately 40 stores we expect to close...   (full story)

  • Why Co-Tenancy Retail Lease Restrictions Need to Evolve
    ( - 4/12/2019)
  • Often times, these lease provisions work in opposition to both landlord and tenant goals. There are a lot of use restrictions that were designed 20 to 30 years ago that were intended to create a co-tenancy that was brand relevant.   (full story)

  • Little Beet CEO eyes expansion landscape
    ( - 4/12/2019)
  • Becky Mulligan, a former Starbucks Corp. executive who was named CEO of The Little Beet in November, said the company plans to open 15 more of its fast-casual units through 2020.   (full story)

  • At 60, Round Table rebrands as royalty
    ( - 4/11/2019)
  • The chain will unveil the first rebranded store this summer, and it will add more than 20 restaurants this year.   (full story)

  • Burn Boot Camp Franchisee Tammy Opfer Opens Burn's 200th Location in Ahwatukee, Arizona
    ( - 4/11/2019)
  • "This 200-mark opening confirms the strength of our offering and points to our aggressive franchise development trajectory. We are planning to open at least another 200 units over the next two years, with more than 50 of those in the western U.S."   (full story)

  • Pinkberry's Owner To Buy Papa Murphy's In A $190M Deal
    ( - 4/11/2019)
  • MTY Group, the Canadian brand operator that owns Cold Stone Creamery, Pinkberry and dozens of other brands, is adding another to its collection after agreeing Thursday to acquire Papa Murphy’s Holdings.   (full story)

  • Gloria Jean’s Coffees Continues Indiana Expansion with New Multi-Unit Franchisee
    ( - 4/11/2019)
  • ... Gloria Jean’s Coffees – U.S.A. has signed a multi-unit development agreement with a new franchise partner, Raed Naser. The agreement will bring at least seven new locations to the Northwest Indiana region and parts of Southern Chicago, beginning with ...   (full story)

  • Big Blue Swim School Signs 5-Unit Deal with Former Orangetheory Fitness Franchisees to Develop ...
    ( - 4/11/2019)
  • Big Blue Swim School, a swim school franchise founded by former competitive swimmer Chris DeJong, has taken a big first step in achieving its goal of growing to 150 units by 2020 by signing its first franchise partners, Wendy and Erik Skaalerud, who will bring five locations to the Denver area.   (full story)

  • The Hummus and Pita Co. Inks Five Atlanta Location Deal
    ( - 4/10/2019)
  • The Hummus & Pita Co. also has units in development in Detroit, Michigan and Los Angeles, California ... Locations for the Atlanta-area The Hummus and Pita Co. are currently being scouted.   (full story)

  • Children’s hair salon franchise to open first Alabama location in metro area
    ( - 4/10/2019)
  • Cookie Cutters now has 98 stores in 23 U.S. states and Canada with 20 under development and 120 franchise agreements signed.   (full story)

  • Levi Strauss Kicks Off Post-IPO Expansion with 100 New Stores
    ( - 4/10/2019)
  • The 100 store expansion includes 16 new stores it opened in its first quarter 2019. The company had 70 more company-operated stores in total at the end of the quarter than it did a year prior.   (full story)

  • Capriotti’s Signed 31 Franchise Deals in the First Quarter
    ( - 4/10/2019)
  • Capriotti’s Sandwich Shop said Wednesday it signed a total of 31 new franchise development agreements in the first quarter of 2019. The franchise, based in Las Vegas, currently has ...   (full story)

  • Huddle House Opens New Corporate Restaurant Location
    ( - 4/10/2019)
  • The Hokes Bluff opening is the first in an aggressive company-owned store growth plan intended to bring Huddle House to new communities throughout the United States. Over the next five years, Huddle House plans to open 12 new company restaurants annually.   (full story)

  • First Costa Vida Mexican restaurants in Tennessee slated for Spring Hill, Franklin
    ( - 4/10/2019)
  • The Mexican restaurant chain Costa Vida will be opening four locations in the Middle Tennessee area in the coming years, which includes locations in Spring Hill and Franklin, according to ...   (full story)

  • Danny Meyer’s Fund Invests $15M in Dig Inn
    ( - 4/10/2019)
  • Founder Adam Eskin said the investment would help the brand expand its Northeast footprint, including in New York, Boston, and a market entry into Philadelphia.   (full story)

  • MUTTS Canine Cantina Signs Second Multi-Unit Deal in DFW Metroplex
    ( - 4/10/2019)
  • Two locations are planned for the greater Dallas-Fort Worth area, within the next two years, and the franchisees have their sights set on several communities including Frisco, Southlake, and Allen.   (full story)

  • Walmart Invests Nearly a Billion Dollars in Nine U.S. States
    ( - 4/10/2019)
  • Walmart is once again doubling down on its efforts to retain its status as a retail juggernaut with a massive, nearly $1 billion, investment into renovating its existing stores across the country.   (full story)

  • Aldi opens in Panorama City on Thursday, the first of 15 new stores in Southern California
    ( - 4/10/2019)
  • Aldi will expand its Southern California presence on Thursday, April 11, with a new supermarket in Panorama City and more than a dozen new Southland locations planned.   (full story)

  • Mattress One seeks bankruptcy protection
    ( - 4/10/2019)
  • Mattress One, the Orlando, Fla.-based mattress retailer with locations in Florida, Texas and Georgia, has filed for Chapter 11 Bankruptcy protection.   (full story)

  • Ollie’s Bargain Outlet CEO: We’ll open 950 stores — ‘Brick and mortar isn’t dead’
    ( - 4/10/2019)
  • Ollie’s Bargain Outlet is one-third of the way to opening 950 locations after opening three Tennessee stores...   (full story)

  • Cooper's Hawk Winery & Restaurants Named 2019 Pacesetter Award Winner
    ( - 4/9/2019)
  • The chain plans to open six units this year and seven in 2020.   (full story)

  • Davidovich Bakery Launches Franchise Opportunity
    (qsr - 4/9/2019)
  • Davidovich NYC Bagel and Sandwich Shop Fueled by its ever-growing pop culture influence, the brand is positioned for aggressive development throughout the country, which will be seeded by plans to have more than a dozen franchised locations open in the next year.   (full story)

  • EG Group to Acquire Fastrac
    ( - 4/9/2019)
  • EG Group has reached an agreement to acquire all 54 c-stores and gas stations branded Fastrac Markets.   (full story)

  • Food Lion Remodeling 23 Virginia Stores
    ( - 4/9/2019)
  • Food Lion is investing $40 million to remodel 23 stores in 14 towns and cities in the Charlottesville and Harrisonburg, Va., areas.   (full story)

  • REI Reports More Sales, Income, And Members — But Also Higher Costs
    ( - 4/9/2019)
  • Despite impressive growth — REI opened five new stores in 2018 and plans six more this year, for a total of 160 — that expansion comes in a highly challenging business environment.   (full story)

  • theCoderSchool to Open First Houston Location
    ( - 4/9/2019)
  • theCoderSchool - whose motto is “Learn to code. Change the world.” - is expanding in Texas. The school - which aims to show the next generation of kids how inspiring and exciting technology can be - is set to open its first Houston area location in May 2019.   (full story)

  • Infamous and Loud New York Restaurant Chain to Open Chicago Location This Month
    ( - 4/8/2019)
  • The Smith is bringing its same bag of tricks the chain’s deployed in New York City and Washington, D.C. to Chicago.   (full story)

  • The Toasted Yolk Cafe Coming to The Woodlands
    ( - 4/8/2019)
  • The Toasted Yolk Café, the Houston-area born and bred hotspot serving chef-inspired takes on breakfast, brunch and lunch classics along with signature libations, continues to heat up the food scene—opening its ninth location in The Woodlands on April 15 with several more to follow.   (full story)

  • Franchisee Leases: 6 provisions they must negotiate
    ( - 4/8/2019)
  • Whenever your franchisees enter into a lease for a new or existing store, be certain they are represented by an attorney familiar with potentially dangerous provisions.   (full story)

  • Chuck E. Cheese’s plans merger, IPO
    ( - 4/8/2019)
  • the company also is working to expand ... by extending the ongoing remodel program, which began in 2017 and added 25 more restaurants in 2018. CEC plans to reimage about 60 more locations this year.   (full story)

  • Honor Yoga Stretching Its Reach
    ( - 4/8/2019)
  • In 2019, more communities will be able to experience Honor Yoga as the brand gears up to open 25 additional studios, at least 15 of which will open in the coming months. The brand plans to open 100 studios by ...   (full story)

  • Friendly's Closes 23 Locations
    ( - 4/8/2019)
  • The closures, mostly in New York, Connecticut, Maine, New Hampshire and Massachusetts, represent a fifth of the company’s corporate locations and leave the Wilbraham, Mass.-based chain with 77 company restaurants and 97 franchisee units.   (full story)

  • Marathon to Acquire NOCO’s C-Stores
    ( - 4/8/2019)
  • Marathon Petroleum Corp. has agreed to acquire all 37 of NOCO Energy Co.’s convenience stores in western New York.   (full story)

  • Company-owned Publix stores now exceed 30% of the total
    ( - 4/5/2019)
  • Publix Super Markets now owns nearly a third of its grocery stores and plans to invest more than $1 billion this year in its property portfolio.   (full story)

  • Kung Fu Tea coming to South College Shopping Center this summer
    ( - 4/5/2019)
  • Kung Fu Tea is an international chain with more than 200 stores worldwide and is planning to open 300 more in 2019, Nguyen said.   (full story)

  • Why everyone is obsessed with Jollibee fast food
    ( - 4/5/2019)
  • Now, Jollibee is aiming to win over more Americans, with plans to grow to 150 stores within the next five years.   (full story)

  • Chicken Salad Chick Moves from The Founder's Kitchen to Expansion
    ( - 4/5/2019)
  • Of the 45 restaurants we’re opening this year, we’re going to open 13 company stores, 18 restaurants from existing franchise owners, and 14 from new franchise owners. We consider that a healthy split. We’ll finish this year at 150, the next year at 200, and 250 the following year.   (full story)

  • Giant Opens Six New Locations In Four States On April 5
    ( - 4/5/2019)
  • Five of the stores, which are former Shop ‘n Save locations Giant acquired earlier this year, are branded Martin’s Food Markets and are in the communities of Smithsburg, Maryland; Greencastle, Pennsylvania; Berryville, Virginia; Hedgesville, West Virginia; and Martinsburg, West Virginia.   (full story)


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