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Breaking Retail Real Estate News
  • Franchise Celebrates Landmark Opening with Plans for Growth in 2019 and Beyond
    (finance.yahoo.com - 6/18/2019)
  • Russo's New York Pizzeria, the nation's only chef-driven New York-style, Italian restaurant and pizzeria franchise concept, marks its 50th location in the Pearland Town Center. The Pearland location's milestone opening was one of five openings for the brand in 2018, with new locations in ...   (full story)

  • Crate and Barrel Acquires Hudson Grace
    (designretailonline.com - 6/18/2019)
  • Chicago-based home goods retailer Crate and Barrel has announced its acquisition of boutique home décor provider Hudson Grace. The San Francisco-based company will be overseen and grown by Crate and Barrel through expansion into niche markets and an invigorated online presence.   (full story)

  • Hooters Opens 20th Location in Georgia
    (foodnewsfeed.com - 6/17/2019)
  • In the last 3 years, Hooters has opened 30 new corporate-owned locations and 35 franchise-owned locations. Hooters is accelerating its growth of new restaurants, both with franchise and company owned locations, and is actively seeking qualified franchise partners to open new locations in select markets across the U.S. and around the globe.   (full story)

  • Is This a Sign That Dollar General Is a Buy?
    (fool.com - 6/17/2019)
  • CEO Todd Vasos said the chain opened 240 new stores during the first quarter and plans 975 new locations for all of 2019...   (full story)

  • Eyemart Express Opens 200th Milestone Store with Expansion in Florida
    (prnewswire.com - 6/17/2019)
  • Eyemart Express, a leading national optical retailer and fastest provider of quality eyewear in the industry, announces its expansion into Florida with the opening of its 200th store...   (full story)

  • The Case for Growing in Developing Areas
    (foodnewsfeed.com - 6/17/2019)
  • Real estate professionals often say the three most important factors in real estate are location, location, and location. This rings true in residential real estate—however, its impact may be even more significant in commercial real estate for certain kinds of businesses.   (full story)

  • Twin Peaks Signs Development Deal for Nashville
    (foodnewsfeed.com - 6/14/2019)
  • Twin Peaks is heading to Nashville. CEO Joe Hummel announced that the company executed a second area development agreement with Permian Entertainment, LLC, an entity created by Graham Brothers Entertainment, to bring three Twin Peaks locations to the Nashville area. The agreement anticipates ...   (full story)

  • Roy Rogers Unveils New Store Design, Preps for Growth
    (qsrmagazine.com - 6/14/2019)
  • The store remained open throughout renovations. Roy Rogers plans to update its test kitchen store in Frederick, Maryland, next. After, the company said it would remodel one additional restaurant and open two new ones with the design before rolling it out systemwide.   (full story)

  • Bankrupt Z Gallerie downsizing Gardena HQ, slashing 196 jobs
    (dailybreeze.com - 6/14/2019)
  • As part of the restructuring, 17 of the company’s 76 stores nationally will eventually close. Southern California locations include Torrance, Sherman Oaks, Mission Viejo, Costa Mesa, Corona and Newport Beach.   (full story)

  • Salad Wars Heating Up: Salata Making Its Move
    (forbes.com - 6/14/2019)
  • It introduced 10 new locations in 2018 and plans to add a minimum of 20 in 2019 and that could rise to 25. Can you spell rapid-fire growth?   (full story)

  • Blain’s First Michigan Store Off To A Great Start
    (wkhm.com - 6/14/2019)
  • While Jackson was the first Blain’s to come to Michigan, it hasn’t been the last. Since then, Kilmer says they’ve been busy expanding the empire. “We are growing, our first store was the Jackson store in Michigan, and then Portage. We just opened last month in Traverse City, and we are opening in Holland in the fall.”   (full story)

  • Lands' End comes to the Christiana Fashion Center as brick-and-mortar business expands
    (delawareonline.com - 6/14/2019)
  • The Lands' End in the Christiana Fashion Center is the company's first standalone Delaware location, and one of 10 stores the company has recently opened in its new "lighthouse" format. By the end of 2019, Lands' End plans to have between 26 and 31 standalone U.S. stores. Its recent expansion has been focused in the midwest and the northeast.   (full story)

  • Olga's opens at MGM
    (crainsdetroit.com - 6/14/2019)
  • Team Schostak wants to open three to five Olga's in the next three years. It has 27 locations, according to its website.   (full story)

  • Badcock celebrates grand openings for 2 Tennessee stores
    (furnituretoday.com - 6/14/2019)
  • An additional 12 grand openings are slated to take place later this year, with new stores slated for the Carolinas, Virginia, Florida and Georgia.   (full story)

  • Burlington beats estimates on Q1 results
    (news.alphastreet.com - 6/14/2019)
  • The company updated its outlook for the full year of 2019 and now expects total sales to increase 8.5-9.2% and comparable store sales to increase 1.3-2.1%. Burlington plans to open 50 net new stores and invest capital expenditures of approx. $310 million.   (full story)

  • Whataburger Sells Majority Interest to BDT Capital Partners
    (qsrmagazine.com - 6/14/2019)
  • On June 14, the San Antonio-based brand, with 828 units and sales of more than $2 billion annually, announced Chicago-based BDT Capital Partners agreed to acquire a majority interest ... Hagge added the company would “pursue accelerated growth in existing and new markets.”   (full story)

  • Bubbakoo’s Burritos to Enter Louisville Market
    (qsrmagazine.com - 6/13/2019)
  • With nearly 30 locations open in New Jersey and Philadelphia, Bubbakoo’s Burritos, a Jersey Shore-based eatery that touts Mexican food fused with American flavor, has set its sight on a new market—Louisville. The brand signed a development deal to open five restaurants in the Bluegrass State ...   (full story)

  • After An Impressive Start To The Fiscal Year, How Is Lululemon Athletica Expected To End FY-2019?
    (forbes.com - 6/13/2019)
  • Higher revenue was driven by comparable store sales growth of 6% and a whopping 33% increase in direct-to-consumer net revenue during the quarter, along with net opening of 15 new stores...   (full story)

  • Duluth Holdings Inc. Announces First Quarter Fiscal 2019 Financial Results
    (finance.yahoo.com - 6/13/2019)
  • The increase in retail net sales was driven by new stores with 51 stores in the first quarter of 2019...   (full story)

  • Why Should You Hold Onto Sherwin-Williams Stock for Now?
    (finance.yahoo.com - 6/13/2019)
  • The company added 76 net new stores in 2018...It also added 15 stores in the first quarter. Plans are in place to add around 90-100 net new stores in 2019...   (full story)

  • Vince Holding Corp. Reports First Quarter 2019 Results
    (finance.yahoo.com - 6/13/2019)
  • The Company ended the quarter with 59 company-operated stores, a net increase of 2 stores since the first quarter of fiscal 2018...   (full story)

  • Chicken Salad Chick to Open First Illinois Location
    (qsrmagazine.com - 6/12/2019)
  • Chicken Salad Chick announced it will be expanding to its 15th state with its first Illinois restaurant opening in Edwardsville. The Edwardsville restaurant is the brand’s third location in the St. Louis area, with existing restaurants in Chesterfield and Creve Coeur, and marks Chicken Salad Chick’s entrance into another new state. The brand has plans to continue focusing on Illinois expansion with ...   (full story)

  • Landlords Target Dining, Personal Services and Fitness to Woo Customers
    (rebusinessonline.com - 6/12/2019)
  • On the landlord side, property owners are working hard to make their retail sites attractive and relevant in today’s market. This includes an emphasis on curb appeal and redeveloping spaces that may previously have been occupied by a big-box tenant. Many are turning larger vacancies into multiple spaces to accommodate junior anchors and smaller tenants at a time when many retailers are rightsizing and working to maximize efficiencies.   (full story)

  • Subway giving franchisees $10K remodel grants
    (restaurantdive.com - 6/12/2019)
  • So far, about 5,400 operators have applied for the grant. Even with the less expensive option, reaching every store could be quite a feat. About 555 units in North America have been updated so far and there are about 24,800 Subways in the U.S. alone.   (full story)

  • Dave & Buster’s says fast-casual venture is off to slow start
    (nrn.com - 6/12/2019)
  • Dave & Buster’s Entertainment Inc., which has featured full-service dining since its founding in 1982, made its first foray into the fast-casual segment last December with the debut of T&T Tacos at a signature Dallas location, but the concept has not performed as expected ...   (full story)

  • Salata launches first rebrand in 14-year history
    (nrn.com - 6/11/2019)
  • At the store level, the Houston-based fast-casual chain plans to overhaul more than 80 stores over the next five years to accommodate a new generation of diners. The redesigned locations will resemble the brand’s new ...   (full story)

  • Lovesac sales up in Q1, but reports overall net loss
    (furnituretoday.com - 6/11/2019)
  • The company opened five new showrooms and remodeled three showrooms in the first quarter. It now has a total of 78 showrooms in 38 states.   (full story)

  • Retail Lenders to Borrowers: Tell Me A Story
    (rebusinessonline.com - 6/11/2019)
  • “When we vet a deal for a lender, we’re not only looking at liquidity and experience, but also the extent to which the sponsor has mimicked the deal,” he says. “For example, have they re-tenanted a grocery anchor before? Have they successfully executed renewals under the terms of the original lease? These are the kinds of questions you have to ask to get a property’s real story.”   (full story)

  • Casey's Value Creation Plan Delivers Results in FY2019
    (csnews.com - 6/11/2019)
  • On the growth front, Casey's opened 56 new stores and acquired 24 stores in FY2019. In addition, it replaced eight stores and has eight acquisition stores under agreement to purchase. "Currently, we have 81 stores in our pipeline, including 41 under construction, which puts us off to a great start for achieving our unit growth goals for the new fiscal year," Handley noted.   (full story)

  • EG Group Rebranding Minit Mart C-Stores
    (cspdailynews.com - 6/10/2019)
  • EG America, the U.S. arm of United Kingdom-based EG Group, will rebrand the 225 Minit Mart convenience stores it acquired from TravelCenters of America to a new brand: EG America, CSP Daily News has learned.   (full story)

  • Chick-fil-A to become 3rd largest restaurant chain
    (trussvilletribune.com - 6/10/2019)
  • Despite being closed on Sundays, Chick-fil-A is on pace to become the third largest restaurant chain in the United States ... The chain has opened more new stores, while ...   (full story)

  • At Kahala Brands, it's 28 Brands, One Unified Mission
    (qsrmagazine.com - 6/10/2019)
  • Under the roof of a nondescript brick two-story building in Scottsdale, Arizona, sits the nerve center of an atypical restaurant enterprise. Some 250 employees covering areas like digital marketing, culinary, legal, and construction hustle about with a unified, single-minded purpose: to support the growth of 28 quick-service concepts.   (full story)

  • Blaze signs multi-unit Wisconsin deal
    (pizzamarketplace.com - 6/10/2019)
  • Blaze Fast-Fire'd Pizza has signed a multi-unit deal for Wisconsin with franchise operator Dianne Mayer to open six stores in Madison, Appleton, Fox Valley and Green Bay, beginning with the ...   (full story)

  • Wawa everywhere! Multiple stores coming to Monmouth, Ocean
    (app.com - 6/10/2019)
  • It is one of three Wawas approved in Brick. Another on Route 70 at Duquesne Boulevard is expected to start construction soon, said Maurice Zekaria, president of Paramount Realty in Lakewood.   (full story)

  • Discount grocers will account for more than half of store openings this year
    (grocerydive.com - 6/10/2019)
  • Discount retailers, led by dollar stores and Aldi, will account for more than half of retail store openings this year, according to data from Coresight Research cited by CBS News. Out of the almost 2,780 new locations slated for 2019, about 1,800 belong to discount chains.   (full story)

  • Cajun-Asian Fusion: Angry Crab Shack Poised for National Expansion
    (franchising.com - 6/8/2019)
  • Currently, we have eight locations open in Arizona. Our development goal is to reach 100 locations by 2023 through conservative growth strategies. We are targeting development in Arizona, Colorado, New Mexico, Utah, and ...   (full story)

  • Chris DeJong working to expand Big Blue Swim School
    (sentinel-standard.com - 6/8/2019)
  • “We we have a long-term vision of over the next 10 years to teach a third of the kids in the U.S. How to swim, which is 400 locations. Someone is going to do it, why not us?’” he said.   (full story)

  • Why Is National Vision Down 4.7% Since Last Earnings Report?
    (nasdaq.com - 6/8/2019)
  • National Vision opened 26 new stores and closed three in first-quarter 2019. The company exited the quarter with 1,105 stores...   (full story)

  • Barnes & Noble acquired: Elliott Management buys bookstore chain, plans 'growth strategy'
    (usatoday.com - 6/7/2019)
  • Bookstore chain Barnes & Noble has agreed to sell itself to an arm of investment firm Elliott Management, which owns one of the largest booksellers in the United Kingdom. When including the assumption of debt, the deal is worth about $683 million.   (full story)

  • Jamba unveils fresh rebrand, spotlights more than smoothies
    (restaurantdive.com - 6/7/2019)
  • Jamba Juice has rebranded to Jamba with the tagline “Smoothies, Juices and Bowls.” In addition to a new name and refreshed menu, the chain’s branding, store design, digital offerings and in-store experiences have been updated to promote "an authentic and approachable ambiance inspired by its local juice shop roots."   (full story)

  • The Michaels Companies Announces First Quarter 2019 Results
    (businesswire.com - 6/7/2019)
  • For fiscal 2019, the Company expects to open net 20 new Michaels stores, inclusive of up to 12 Pat Catan’s stores the Company plans to rebrand and reopen, and relocate 13 Michaels stores.   (full story)

  • New Byrne Dairy prepares to open at former Syracuse Denny’s; other locations also opening
    (syracuse.com - 6/7/2019)
  • The Syracuse-based Byrne chain is growing rapidly, and now has 65 stores, officials said. Within four to five years, Byrne expects to open about another 25 stores.   (full story)

  • Aldi opens second San Diego store in Mira Mesa
    (sandiegouniontribune.com - 6/7/2019)
  • Aldi, a discount grocer known for its large selection of private-label items, is set to open its 1,900th U.S. store next week at 6755 Mira Mesa Boulevard.   (full story)

  • Mountain Mike’s Growing in North Bay
    (qsrmagazine.com - 6/7/2019)
  • Mountain Mike’s Pizza continues to significantly expand its footprint in the North Bay region of Northern California including Marin, Mendocino, Napa, Humboldt and Sonoma Counties. The more than 200-unit brand recently opened three North Bay-area units in American Canyon, Ukiah and Fort Bragg, with locations planned for Napa, Eureka and   (full story)

  • Growth Heats Up For Huddle House
    (franchising.com - 6/7/2019)
  • Plans include the addition of 135 restaurants in the next five years expanding Huddle House’s super-regional footprint into such prime areas as North Carolina, Arkansas, Texas, and Missouri.   (full story)

  • Ollie’s Bargain Outlet Holdings, Inc. Reports First Quarter Fiscal 2019 Financial Results
    (finance.yahoo.com - 6/6/2019)
  • The Company opened 21 stores during the quarter, ending the period with a total of 324 stores in 23 states...   (full story)

  • Charlotte Russe reopens store in Taylor as part of plan to relaunch brand under new owner
    (crainsdetroit.com - 6/6/2019)
  • After its parent company filed for bankruptcy nearly four months ago, the Charlotte Russe brand is emerging from the shadows under new ownership with the resurrection of five stores as part of a plan to open 100 stores across the U.S...   (full story)

  • The Roy Rogers Revival Is Fueled by Roadside Rest Stops and Its Classic Menu
    (fortune.com - 6/6/2019)
  • After years spent in a state of perpetual fast-food free fall, a brand that once dominated the East Coast casual dining scene with over 600 locations is reminding America there is power in nostalgic dining experiences. With 48 locations and plans to return to previously vacated regions such as Long Island, N.Y., the timing for a resurgence could not be better   (full story)

  • Dairy Queen Invests in its Own Growth
    (qsrmagazine.com - 6/6/2019)
  • This hands-on support is essential to brands wanting to successfully implement incentive programs - especially aggressive ones. To wit, Dairy Queen’s quadruple incentive lineup coincides with a strong push into 10 major metropolitan areas, such as Baltimore, New Orleans, Orlando, and Sacramento ...   (full story)

  • At Home Group Inc. Announces First Quarter Fiscal 2020 Financial Results
    (finance.yahoo.com - 6/6/2019)
  • The Company opened 11 new stores in the first quarter of fiscal 2020 and ended the quarter with 191 stores in 38 states...   (full story)






     

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