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Breaking Retail Real Estate News
  • Advance Auto Parts Rides on Expansion, High Costs Hurt
    (finance.yahoo.com - 8/20/2019)
  • In the reported quarter, the company closed and consolidated 21 stores that totals to 59 stores this year...   (full story)

  • Home Depot Inc Q2 2019 Earnings Call Transcript
    (nasdaq.com - 8/20/2019)
  • During the quarter, we opened two new stores, one in the US, and one in Mexico. For an ending store count of 2,291...   (full story)

  • Sherwin-Williams' Shares Rise 34% YTD: Here's Why
    (nasdaq.com - 8/20/2019)
  • Sherwin-Williams added 20 net new stores in the first six months of 2019...   (full story)

  • Casey's Stock Hits 52-Week High: What's Driving It?
    (nasdaq.com - 8/20/2019)
  • The company replaced eight stores and has eight acquisition stores under agreement to purchase. Moreover, it plans to construct 60 and acquire 25 stores in fiscal 2020...   (full story)

  • MOOYAH Burgers, Fries & Shakes to Open First of Three Planned Virginia Beach Locations
    (restaurantnews.com - 8/20/2019)
  • The Virginia Beach location marks the first MOOYAH Burgers, Fries & Shakes restaurant for Keval Shah and Sanjay Patel, partners and MOOYAH franchisees. The team plans to bring an additional two restaurants to Virginia Beach.   (full story)

  • Flywheel To Close 11 Studios
    (sgbonline.com - 8/19/2019)
  • The closures include all four of its studios in Los Angeles. Other closures will include locations in Alpharetta, GA; Austin, TX; and North Miami, FL, along with two in the San Francisco Bay Area.   (full story)

  • Giant Food Stores to acquire another central Pa. family-owned supermarket chain
    (pennlive.com - 8/19/2019)
  • Musser’s Markets announced Aug. 18 it will sell three stores in Lancaster and Lebanon counties to Carlisle-based Giant. The stores are located in Quarryville, Columbia and Lebanon.   (full story)

  • Why YUM! Brands, and Taco Bell in Particular, Can Beat Out its Competitors
    (fool.com - 8/18/2019)
  • YUM opened 312 net new stores during the quarter that ended June 30, a growth of 7% from the previous year...   (full story)

  • Marijuana Stock Harvest Health & Recreation Sees Revenue Surge 39%
    (finance.yahoo.com - 8/18/2019)
  • Harvest Health & Recreation opened three new retail locations in Florida during the second quarter, bringing its total store count to 16 at the end of the period. This number should grow substantially in the quarters ahead, as Harvest Health is making aggressive moves to rapidly expand its retail footprint.   (full story)

  • Inside sneaker brand Koio’s plan for rapid retail expansion
    (glossy.co - 8/16/2019)
  • ... said that Koio wants to maintain this ratio. He said he will continue to “aggressively” open stores, though he does not have number and time-frame goals.   (full story)

  • Beaver County getting a Primanti’s
    (timesonline.com - 8/16/2019)
  • Since 2013, Primanti Bros. has more than doubled the number of restaurants it operates – primarily in Pennsylvania, Ohio, West Virginia, Maryland, Michigan and Indiana.   (full story)

  • Cajun Seafood Chain Expanding NJ Presence, Opening Kearny Location
    (jerseydigs.com - 8/16/2019)
  • The chain’s only existing New Jersey location opened this spring at Essex Green in West Orange. Kearny is apparently not the only community in which Hook & Reel is planning to expand. In addition to a dozen other states, there are locations planned for Elmwood Park, Linden, and Union, according to the company’s website.   (full story)

  • King Kullen closing several stores
    (supermarketnews.com - 8/16/2019)
  • King Kullen Grocery Co. is shutting three supermarkets amid the Long Island, N.Y., retailer’s pending acquisition by Ahold Delhaize USA’s Stop & Shop chain.   (full story)

  • A Texas-size mart’s road to fame
    (washingtonpost.com - 8/16/2019)
  • It recently broke ground in Alabama and soon will have stops in Florida, Georgia, Tennessee and the Carolinas. Construction started in June for a second Alabama location, in Leeds, outside Birmingham. Three more stores are in the works to open in Florida: Daytona Beach, St. Augustine and Fort Myers.   (full story)

  • Gearhead Outfitters Acquires Rock/Creek Outfitters, Uncle Dan’s Outdoor Store
    (sgbonline.com - 8/16/2019)
  • The acquisition by Gearhead Outfitters will include Rock/Creek’s seven retail locations in Tennessee, along with six Uncle Dan’s locations—five in the Chicagoland area; Lincoln Square, Bannockburn, Evanston, Highland Park and Lakeview, and one Wisconsin location, Glendale.   (full story)

  • Wawa Continues Expansion in Washington, D.C.
    (cstoredecisions.com - 8/15/2019)
  • Wawa currently plans to open more than 30 stores in the mid-Atlantic and more than 30 new stores in the Florida market each year for the next several years...   (full story)

  • ARC Group, Inc. Reports 276% Increase In Revenue For The Second Quarter Of 2019
    (finance.yahoo.com - 8/15/2019)
  • “We are pleased to report that revenue increased 276% to approximately $4.2 million for the second quarter of 2019 due to the continued growth of Dick’s Wings & Grill®, as well as our Fat Patty’s acquisition in 2018. We expect our organic growth to continue and we are actively   (full story)

  • Grease Monkey chain plans to open in Bowling Green
    (bgdailynews.com - 8/15/2019)
  • On Monday, Bowling Green businessman Satish Patel said he plans to open a Grease Monkey franchise on the site ... Although his first Grease Monkey business won’t open for a few months, Patel is already looking to expand.   (full story)

  • Walk-On's Bistreaux & Bar Hustles Through First Half of Year with 30 Signed Agreements
    (prnewswire.com - 8/15/2019)
  • Walk-On's Bistreaux & Bar, a leading full-service family sports bar that provides gourmet takes on game day favorites, reports high performance throughout the first half of 2019 having already opened five new restaurants across three states, and the franchise isn't slowing down. Recent agreements confirm rapid expansion plans with 30 signed deals spanning six states with the brand initiating development deals in several new markets, like ...   (full story)

  • America’s Most Loved: Marco’s Pizza Dishes Up Denver Locations; Looks to Add 15 Stores
    (restaurantnews.com - 8/15/2019)
  • Marco’s Pizza, one of the nation’s fastest-growing pizza brands, targets the thriving Denver market with the goal of adding 15 locations by 2023 through ...   (full story)

  • European Wax Center is Moving its Corporate Headquarters to Plano
    (dallasinnovates.com - 8/15/2019)
  • EWC will settle in Plano’s Granite Park development, with efforts already underway set to conclude in early 2020.   (full story)

  • theCoderSchool Continues to Expand its New York Footprint
    (franchising.com - 8/15/2019)
  • theCoderSchool - whose motto is “Learn to code. Change the world.” - is expanding into New York City. The school - which aims to show the next generation of kids how inspiring and exciting technology can be - is set to open three new locations throughout the greater New York City area ...   (full story)

  • Baskin-Robbins signs 10-unit New York/Pennsylvania deal
    (qsrweb.com - 8/15/2019)
  • Upstate New York will soon be a cooler place thanks to the signing of a multi-unit agreement to develop 10 new Baskin-Robbins locations there in Syracuse and the Southern Tier, as well as in Wilkes-Barre/Scranton, Pennsylvania ...   (full story)

  • Busy Bee Forms Joint Venture With Real Estate Development Company
    (csnews.com - 8/14/2019)
  • Johnson & Johnson, operator of 18 Busy Bee stores in Florida and Georgia, will be a part owner of the new store and manage day-to-day operations for the joint venture. Upon completion, the location is expected to be the largest c-store in the region. It is intended to be the first of multiple northwest Florida stores owned by the joint venture.   (full story)

  • Freshii Inc. Announces Second Quarter 2019 Results
    (finance.yahoo.com - 8/14/2019)
  • The Company opened 8 net new stores in Q2 2019, comprised of 13 openings and 5 closures. During the 52 weeks ended June 30, 2019, the Company opened 33 net new stores, resulting in year-over-year net new store growth of 8%...   (full story)

  • Planet Fitness finds opportunity in big-box failures
    (nhbr.com - 8/14/2019)
  • The Hampton-based fitness chain opened up 53 stores in a particularly strong quarter...Planet Fitness now has 1,859 stores...a 12-month growth spurt of 251 stores...   (full story)

  • Total Wine & More expands Dallas presence with two new locations
    (dallas.culturemap.com - 8/14/2019)
  • The national liquor store chain Total Wine & More is opening two new locations in the Dallas-Fort Worth area...   (full story)

  • Avenue to close all its stores
    (retaildive.com - 8/14/2019)
  • The closure of all Avenue stores was confirmed in a press release Wednesday. The going out of business sales, at 222 stores, are being managed by a joint venture between Gordon Brothers and Hilco Merchant Resources.   (full story)

  • T-Mobile opens retail stores in Gaylord, Petoskey
    (petoskeynews.com - 8/14/2019)
  • Mobile communications company T-Mobile has been looking to expand it’s footprint in Northern Michigan for some time, according to senior communications manager Steve Carlson. Last month, T-Mobile opened four retail stores in Cadillac, Traverse City, Gaylord and in Petoskey.   (full story)

  • Costco Opens New Stores Across the United States
    (andnowuknow.com - 8/14/2019)
  • Stateside, the retailer has expansion on the brain as well, with plans to open three new stores in Bradenton, FL; Bismarck, ND; and Plainfield, IL.   (full story)

  • Is Big Boy Ready To Grow Up?
    (restaurantbusinessonline.com - 8/14/2019)
  • "The new group is interested in getting to 200 restaurants in the next five years. … It was really just a brand in neglect that nobody wanted to invest in, and now I’ve got a group that’s pretty aggressive."   (full story)

  • Bonchon Adds Execs As It Ramps Up For Expansion
    (restaurantbusinessonline.com - 8/14/2019)
  • Bonchon has aggressive growth plans, with a goal to add an additional 500 U.S. units in the next seven years. The chain, which first opened in the U.S. in 2006, currently has 93 domestic stores.   (full story)

  • Grocery Outlet Holding Corp. Announces Second Quarter Fiscal 2019 Financial Results
    (finance.yahoo.com - 8/13/2019)
  • The Company opened 8 new stores and closed 1, ending the quarter with 330 stores in 6 states...   (full story)

  • Virginia ABC tops $1 billion in sales as new authority updates old monopoly
    (richmond.com - 8/13/2019)
  • ABC added seven stores — it now directly operates 380 — while remodeling eight and moving four to better markets. It plans to open eight more stores in the next six months.   (full story)

  • YogaSix Reaches 250 Signed Franchise Agreements in Less than Nine Months
    (franchising.com - 8/13/2019)
  • The recent franchise agreements will debut the brand in new cities including Boston, Miami, San Francisco, Austin, Dallas, Denver and Des Moines to name a few. These locations compliment the brand's plans to expand YogaSix's presence in untapped markets and be the nation's leading yoga franchise.   (full story)

  • The Spice & Tea Exchange Expands as Customer Demand for Experiential Retail Grows
    (prnewswire.com - 8/13/2019)
  • Martin Amschler, Executive Vice President of Franchise Development & Operations anticipates, "By year's end, we'll have a total of 75 locations, and be well on our way to our goal of 100 open stores in 2020." He notes the brand is specifically looking to grow in California, Arizona and Georgia with franchisees who have a passion for crafting a one-of-a-kind customer experience.   (full story)

  • "Retail Renaissance - True Story of Store Openings/Closings" debunks the retail apocalypse narrative
    (businesswire.com - 8/13/2019)
  • More than five retail chains are opening stores for every retailer that is closing stores in 2019, according to new research from IHL Group. This is up from 3.7 in 2018. The company also reports that the number of chains adding stores in 2019 has increased 56%, while the number of closing stores has decreased by 66% in the last year.   (full story)

  • Dr. Martens Gets a Sales Boost From Its Revamped Silhouettes
    (footwearnews.com - 8/12/2019)
  • The results come as the boot maker continues to increase its brick-and-mortar presence internationally, opening 20 new stores during the fiscal year across the United States, Europe, Japan and Hong Kong.   (full story)

  • Lolli & Pops files bankruptcy amidst store closings (including Boise)
    (boisedev.com - 8/12/2019)
  • Earlier Monday, BoiseDev reported that stores in Boise and other malls owned by Brookfield Properties were closed, but a mall official hoped the situation would be temporary. Darren Howard, general manager for Brookfield Properties, who oversees the mall, said Sunday that negotiations between the parties were ongoing.   (full story)

  • Mollie Stone’s to Open 10th Location in the Bay Area
    (delimarketnews.com - 8/12/2019)
  • Specialty grocer Mollie Stone's is upping its store count in its main territory...it will open up its 10th location in the Bay Area...   (full story)

  • 3 Rock-Solid Reasons Why CVS Health Is the Best Pharmacy Stock on the Market
    (fool.com - 8/11/2019)
  • Earlier this year, CVS Health piloted a handful of HealthHUB locations. The company plans to convert 1,500 stores to the HealthHUB concept by the end of 2021...   (full story)

  • Foot Locker is opening more massive ‘Power’ stores across US—and it’s teaming with Nike to do it
    (cnbc.com - 8/10/2019)
  • Foot Locker is teaming with Nike as it rolls out bigger, more interactive stores. These so-called Power stores are four times as big as a typical Foot Locker store in malls. The newest will open Saturday in New York — in the Washington Heights neighborhood of Manhattan. The retailer plans to open upwards of 50 Power stores over the next three years. It has three in the U.S. today: one in Detroit and two in Philadelphia.   (full story)

  • LF to Close Physical Stores
    (apparelnews.net - 8/9/2019)
  • It will continue to run its digital retail channel, lfstores.com, but on Aug. 6 it was announced that it would shutter its fleet of 26 bricks-and-mortar stores. The physical stores are scheduled to be closed by the end of the Labor Day weekend, said Steven Katz, co-owner of LF Stores.   (full story)

  • The Vitamin Shoppe to be Acquired by Liberty Tax
    (businesswire.com - 8/9/2019)
  • Liberty Tax, Inc., today announced that they have entered into a definitive agreement under which Liberty Tax will acquire The Vitamin Shoppe in an all cash transaction valued at approximately $208 million.   (full story)

  • Acme Confirms 4 Store Closures in N.Y. Metro Area
    (winsightgrocerybusiness.com - 8/9/2019)
  • Stores in Weehawken, N.J.; Woodcliff Lake, N.J.; and Elmwood Park, N.J., are to close on or by Oct. 2, Dana Ward, a spokeswoman for the Malvern, Pa.-based division of Albertsons Cos. confirmed to WGB. The Scarsdale, N.Y., location is expected to close by Nov. 4.   (full story)

  • A'gaci files Ch. 11
    (retaildive.com - 8/7/2019)
  • The retailer has received approval to conduct "going out of business" sales beginning Aug. 8, according to court documents. A'gaci said it expects the bulk of store closings to be completed by Aug. 31.   (full story)

  • Texas Roadhouse Breaks Ground in Winn-Dixie Shopping Center off Palm Coast Parkway
    (flaglerlive.com - 8/7/2019)
  • The restaurant, one of 25 to 30 opening across the nation this year, is going up at 1298 Palm Coast Parkway SW.   (full story)

  • Walgreens will close about 200 stores in United States
    (cnn.com - 8/7/2019)
  • Walgreens will close about 200 locations across the United States as part of its plan to cut costs. After buying roughly half of Rite Aid's stores two years ago, Walgreens expanded its American footprint to more than 9,500 stores. The planned closures represent less than 3% of Walgreens locations.   (full story)

  • Elite Restaurant Group buys Project Pie in latest takeover
    (restaurantdive.com - 8/7/2019)
  • Elite plans to reopen the restaurants as part of Patxi's Pizza, a full-service deep-dish pizza restaurant that it purchased last year. It also acquired rights to the 50 Project Pie locations slated for development in Asia, which will now open as Patxi's.   (full story)

  • Noodles & Co. Preps For ‘Meaningful Unit Growth’
    (restaurantbusinessonline.com - 8/7/2019)
  • Noodles & Co., which has maintained a steady number of units for the past couple of years, is ready to explore “meaningful unit growth,” with plans to add a significant number of stores beginning in 2021, company executives said Tuesday.   (full story)






     

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