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Breaking Retail Real Estate News
  • Shopko files for Chapter 11 protection, will auction Rx business
    (drugstorenews.com - 1/16/2019)
  • The company noted that the pharmacies and optical centers would remain open during the process, and that it plans to open more freestanding optical centers in 2019 based on positive performance from the four it opened in 2018.   (full story)

  • Sprint Food Stores Acquires Greg’s Gas Plus Locations
    (cspdailynews.com - 1/16/2019)
  • With the acquisition, Sprint has increased its portfolio of 20 convenience stores by 50%, giving it 30 c-stores in the central Savannah River area of Augusta, Ga.   (full story)

  • Angry Crab Shack has the Attitude to Make it Big
    (foodnewsfeed.com - 1/16/2019)
  • The plan: 100 restaurants by 2023. In September, the Mesa-based chain said it expected to open five Arizona stores in 2019, which would significantly up its base.   (full story)

  • Dave & Buster's Rises After Lifting Fiscal-Year Revenue and Earnings Guidance
    (thestreet.com - 1/15/2019)
  • Opening new stores will remain a "key priority," with 15 to 16 new stores expected in fiscal 2019...   (full story)

  • Can Williams-Sonoma's Digital Innovation Combat Cost Woes?
    (nasdaq.com - 1/15/2019)
  • In the fiscal third quarter, Williams-Sonoma remodeled five stores and opened three new stores...plans to close another 21 stores upon lease expiration in the fiscal fourth quarter...   (full story)

  • Indochino to Launch up to 20 New Showrooms in 2019
    (globenewswire.com - 1/15/2019)
  • INDOCHINO will focus 2019 retail growth on the East and West Coasts of the United States. Six showrooms are confirmed to open in the East, with Brooklyn, Greenwich, Manhasset and Paramus in the Tri-State area as well as a second Boston location.   (full story)

  • JD Sports sales race ahead despite high street slowdown
    (theguardian.com - 1/14/2019)
  • Its initial performance has encouraged JD to extend its trial of the JD fascia and it plans to convert up to 15 further Finish Line stores to JD in the first half of this year...   (full story)

  • Del Taco To Sell Restaurants To Franchisees
    (restaurantbusinessonline.com - 1/14/2019)
  • Del Taco believes that more franchising could spur unit growth in the coming years. Cappasola said that the company has potential to expand nationally, with as many as 2,000 locations.   (full story)

  • FFO Home sets aggressive expansion for full-line, specialty stores
    (furnituretoday.com - 1/14/2019)
  • FFO Home is gearing up for another aggressive expansion year, with plans to open an additional 10 full-line stores as well as new Mattress & More bedding specialty stores and in-store departments if a pilot of the format proves successful.   (full story)

  • Shaw's closing 4 stores in Massachusetts & New Hampshire
    (boston25news.com - 1/14/2019)
  • A spokesperson for the West Bridgewater-based company confirmed to Boston 25 News the stores in Leominster, Lynn, Plymouth (10 Pilgrim Hill Road) and Portsmouth, New Hampshire (Woodbury Avenue) are closing.   (full story)

  • Stage Stores Announces Off-price Conversion Plan; To Suspend Quarterly Dividend
    (rttnews.com - 1/14/2019)
  • The company expects to have nearly 300 Gordmans stores, representing almost 50% of total sales volume, by the end of 2020. The company plans to convert approximately 70 stores in 2019, predominantly in the smaller, mid-western markets.   (full story)

  • Your Pie Reports Strong Growth to Close 2018
    (qsrmagazine.com - 1/14/2019)
  • Your Pie announced significant growth for the fourth quarter of 2018, boasting a total of seven new stores across the U.S...   (full story)

  • Tilly’s, Inc. Announces Holiday Period Comp Store Net Sales Increase 5.8%
    (businesswire.com - 1/14/2019)
  • Based on the latest lease negotiations and available information, the Company now expects to open approximately 10 to 15 new, full-size stores during the fiscal 2019 year...   (full story)

  • Bad Daddy’s Opens 35th Location with Brier Creek Store in Raleigh
    (foodnewsfeed.com - 1/11/2019)
  • The company has several more Bad Daddy’s locations slated for opening in the Southeast through the end of the calendar year.   (full story)

  • Cousins Subs Franchise Enters Illinois with Opening of Downtown Chicago Restaurant
    (franchising.com - 1/11/2019)
  • Not only is the downtown Chicago Cousins Subs location the brand’s first in the state of Illinois, but it is also the first of 40 units that are set to open throughout the ...   (full story)

  • Fast-growing nutrition & weight-loss company to open 3 locations in Dayton area
    (mydaytondailynews.com - 1/11/2019)
  • Profile by Sanford is in the midst of an aggressive push to open franchises around the U.S. It operates 86 locations nationwide, with nearly 450 more planned to open in the next few years, including about 14 in Ohio.   (full story)

  • Why a wacky discount store is buying up the remains of Toys 'R' Us
    (cnn.com - 1/11/2019)
  • Stepping into Toys "R" Us spots is one part of Ollie's plan to enter states like Texas, Louisiana, and Oklahoma. It plans to open up to 650 new stores around the country.   (full story)

  • Giant Sets 'Heirloom' Opening in Philadelphia
    (winsightgrocerybusiness.com - 1/11/2019)
  • The store, which Giant introduced at a press event last year, will be the first of as many as four units planned for the city of Philadelphia.   (full story)

  • Debt-Burdened P.F. Chang’s Reportedly Sold
    (foodnewsfeed.com - 1/11/2019)
  • P.F. Chang’s is officially on the move again. The Chinese chain entered into an agreement to be sold to TriArtisan Capital Partners LLC and Paulson & Co. Inc ...   (full story)

  • Focusing on omni-channel strategy, Chico’s to close 250 stores in the US
    (fashionunited.com - 1/11/2019)
  • Chico's FAS, Inc. has announced strategic initiatives to build on the company's omni-channel platform, which include rebalancing the mix between its physical store presence with its digital network and to close at least 250 stores in the US over a three-year period.   (full story)

  • Lexington parent of Sleep Outfitters files for bankruptcy; what will it mean for stores?
    (kentucky.com - 1/11/2019)
  • “Our stores are open for business as usual, and we are focused on taking care of our valued customers,” said CEO Knopf in a statement. “IMS now has the backing of Tempur Sealy, one of the biggest and best-known mattress manufacturers, and a longtime supplier partner of our company.“   (full story)

  • Here are the four store closures that Kohl’s has announced
    (marketwatch.com - 1/11/2019)
  • Kohl’s Corp. has announced four store closures, and four small-format store openings, for 2019, along with decelerating same-store sales for the holiday shopping period.   (full story)

  • Crunch Fitness makes its debut in the Harrisburg area
    (pennlive.com - 1/11/2019)
  • The chain hopes to open around 80 more locations this year including five or six locations in Pennsylvania.   (full story)

  • Enmarket Expands Headquarters as Store Count Grows
    (csnews.com - 1/11/2019)
  • The new headquarters will accommodate the company's rapidly growing presence. Last February, Enmarket doubled its presence with the acquisition of 34 E-Z Shop convenience stores in South Carolina and 34 Clydes Markets in southeast Georgia, bringing its store count to 122 locations.   (full story)

  • Rotolo's Rises with New Design, Same Commitment to Pizza
    (foodnewsfeed.com - 1/10/2019)
  • The new franchising initiative also caused the company to take a look at its design and overall operations. Rotolo’s decided to revamp its model and launch a new version of the brand: Craft & Crust.   (full story)

  • Pokeatery opening first East Coast location Jan. 12
    (fastcasual.com - 1/10/2019)
  • Hawaiian poke concept Pokeatery will open its first East Coast store on Saturday, Jan. 12 in Charlotte, North Carolina.   (full story)

  • Sport Clips Haircuts Kicks Off 2019 With Announcement Of Leadership Additions And Promotions
    (franchising.com - 1/10/2019)
  • Sport Clips Haircuts, the nation’s leading men’s and boys’ hair care provider, has added to and promoted team members to further strengthen its growing leadership team and brand.   (full story)

  • Captain D's Largest Franchisee Signs Development Agreement to Grow Brand's Footprint In Southeast
    (prnewswire.com - 1/9/2019)
  • Captain D's, the nation's leading fast casual seafood restaurant, announced today that it has signed a franchise development agreement with Chris Benner and Ed Stokes of Trident Holdings LLC. As part of the agreement, they have acquired eight corporate-owned Captain D's locations in Mississippi and will be developing 10 new Captain D's throughout the state, as well as in key Southeast ...   (full story)

  • Wegmans Begins Hiring And Training For First North Carolina Store
    (theshelbyreport.com - 1/9/2019)
  • Wegmans has announced plans to open four additional North Carolina stores in the future, in Chapel Hill, Wake Forest and two sites in Cary.   (full story)

  • Panda Express expanding into South Jersey market
    (courierpostonline.com - 1/9/2019)
  • Panda Express, which recently opened an outlet at a Cherry Hill shopping center, plans additional stores in Vineland, Voorhees and Washington Township, a company spokeswoman said.   (full story)

  • True Rest Celebrates Large Area Development Growth
    (franchising.com - 1/9/2019)
  • The emerging brand has awarded its 70th franchise territory in Atlanta, with plans to expand throughout 15 more states across the U.S.   (full story)

  • How Blaze Ignited a Pizza Revolution
    (qsrmagazine.com - 1/9/2019)
  • ... Its 300th store opened in Miami in November, and the company says it will open a new restaurant every five or six days this year, with the 500th location probably arriving by ...   (full story)

  • Pincho Drops The 'Factory'
    (restaurantbusinessonline.com - 1/9/2019)
  • The chain is franchising and expects 16 to 20 locations by 12 months from now, Tipp said.   (full story)

  • Blue C Sushi Abruptly Closes All Units
    (restaurantbusinessonline.com - 1/9/2019)
  • Seven-unit Seattle-based conveyor belt sushi chain Blue C Sushi abruptly closed all of its units this week, according to local media reports.   (full story)

  • Fast Casual Pincho Factory Rebrands as PINCHO
    (qsrmagazine.com - 1/9/2019)
  • PINCHO currently has seven company owned and four franchised and licensed locations throughout South Florida, with plans to expand to 100 locations nationwide over the next ...   (full story)

  • Aritzia reports Q3 double-digit revenue growth, sales up 13%
    (us.fashionnetwork.com - 1/9/2019)
  • Aritzia is also launching predictions for 2020, which it says "will mark its largest single year expansion in the United States". It plans to open approximately six new boutiques in the U.S.   (full story)

  • Northland Properties Announces Development Agreement for Denny’s in Canada
    (nasdaq.com - 1/8/2019)
  • The new development agreement with Northland Properties expands the previous development commitment by over 40 additional restaurants.   (full story)

  • Ocean State Job Lot converting 7 former Toys R Us stores
    (turnto10.com - 1/8/2019)
  • Ocean State Job Lot said Tuesday that it will lease a former Toys R Us building in North Dartmouth and acquire six former locations of the toy store...   (full story)

  • Sprouts to add east Mesa store in upcoming national expansion
    (azcentral.com - 1/8/2019)
  • Sprouts plans to open 30 stores nationally in 2019...nine new locations planned nationally during the second quarter...   (full story)

  • J.H. Whitney Capital Buys Firebirds Wood Fired Grill
    (restaurantbusinessonline.com - 1/8/2019)
  • The acquisition gives J.H. Whitney a steadily growing polished-casual chain. Firebirds was founded in 2000 and has since grown to 48 units.   (full story)

  • CVS to buy Medina-based Ritzman pharmacies, close most stores
    (cleveland.com - 1/8/2019)
  • Northeast Ohio’s Ritzman Pharmacies, Inc., has agreed to sell its retail business to CVS, which will close most of the stores...   (full story)

  • Gigi’s Cupcakes, Mr. Gatti’s file for Chapter 11 bankruptcy protection
    (nrn.com - 1/8/2019)
  • Both Gigi’s and Sovrano are affiliates of FundCorp, a Fort Worth, Texas-based private equity group. According to the bankruptcy filing, Gigi’s petitioned to have its case joined with Sovrano, which also filed for Chapter 11 this week.   (full story)

  • Linton’s Big R sold to Murdoch’s Ranch & Home
    (powelltribune.com - 1/8/2019)
  • Linton’s Big R CEO Jim Linton and COO John Linton announced that they have sold the business’ Powell and Riverton stores to Murdoch’s Ranch & Home Supply...   (full story)

  • Capriotti’s Closes 2018 with 100 Stores in Development
    (qsrmagazine.com - 1/8/2019)
  • Capriotti’s plans to open 15 additional stores in 2019, entering multiple new markets with record ...   (full story)

  • SpeedPro Imaging Announces Franchise Development Team Executive Promotions
    (franchising.com - 1/7/2019)
  • SpeedPro Imaging, the national industry leader in large-format printing, has tapped Pat Jarrett as the company’s next Vice President of Franchise Development, along with two other high-level promotions among the team.   (full story)

  • Cookie Cutters Haircuts for Kids Grows to Become Largest & Fastest-Growing Children’s Hair Salon
    (franchising.com - 1/7/2019)
  • Continuing its success, Cookie Cutters looks to add 30 new salons in 2019, hitting the 100th salon milestone in the first quarter. According to Courtney, the brand is on track to open 200 stores by 2021.   (full story)

  • Beauty Brands declares bankruptcy weeks after shuttering stores, plans to sell assets
    (kansascity.com - 1/7/2019)
  • Just weeks after announcing the closing of 25 stores and reduction of corporate staff, Beauty Brands on Sunday filed for Chapter 11 bankruptcy.   (full story)

  • Gordman's to open new locations in the Four States
    (fourstateshomepage.com - 1/7/2019)
  • Gordman's will open three new locations in the four states. One will replace this Goody's location in Carthage while two others will launch in Pittsburg and Fort Scott...   (full story)

  • The Lost Cajun Gears Up for Growth in 2019
    (foodnewsfeed.com - 1/7/2019)
  • Looking toward 2019, The Lost Cajun is set to open at least 12 new restaurants throughout the East Coast. In the next three to five years the brand is on track to develop 32 stores.   (full story)

  • Wetzel's Pretzels promotes president to CEO
    (restaurantdive.com - 1/7/2019)
  • Schuler told NRN she plans to add up to 30 new stores this year in airports, stadiums and what she calls “A” location malls.   (full story)






     

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