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Breaking Retail Real Estate News
  • Inspire Brands to buy Sonic Corp. for $2.3B
    (nrn.com - 9/25/2018)
  • Inspire Brands, parent company of Arby’s, Buffalo Wild Wings and Rusty Tacos, has agreed to buy Sonic Corp. for $2.3 billion, including Sonic’s debt, or $43.50 per share, a premium of about ...   (full story)

  • The Melting Pot Evolves with New Experience-Driven Design
    (foodnewsfeed.com - 9/25/2018)
  • The Melting Pot lifted the lid on the next stage of its brand evolution, unveiling a fresh restaurant design tailored to reflect what’s most important to its guests. The new model will show in upcoming locations as well as those looking to relocate or remodel ...   (full story)

  • Michael Kors makes high-end fashion statement with $2.2 billion Versace buy
    (reuters.com - 9/25/2018)
  • U.S. fashion group Michael Kors agreed to buy luxury designer Versace for 1.83 billion euros including debt on Tuesday in the latest foreign takeover of an Italian brand.   (full story)

  • Weight Watchers plans tech rebrand to take on wellness industry
    (theguardian.com - 9/24/2018)
  • Weight Watchers will from next month ditch its name and rebrand as “WW” as it takes on competition from fitness trackers and phone apps and attempts to remould itself as a lifestyle tech brand.   (full story)

  • A new formula for retail rents
    (retailleader.com - 9/24/2018)
  • Could the evolution of U.S. retail stores into showroom-type spaces, whether operated by clicks-to-bricks retailers or mainline chains with advanced multichannel strategies, ultimately alter the traditional landlord-tenant rent structure?   (full story)

  • Why Huddle House is Only Getting Better with Age
    (foodnewsfeed.com - 9/24/2018)
  • In the next five years, Abt says Huddle House plans to expand its company restaurant portfolio from 40 to 100 restaurants ... The aim is to build 12 or so company stores per year alongside the franchise expansion, for the next five fiscal calendars.   (full story)

  • Carlisle Corp. Sells Off Struggling Lyfe Kitchen
    (restaurantbusinessonline.com - 9/21/2018)
  • Memphis, Tenn.-based Carlisle Corp. sold its struggling, health-focused LYFE Kitchen fast-casual concept to L3 Hospitality Group, the companies announced Friday.   (full story)

  • Target is still brick-and-mortar all the way
    (retailleader.com - 9/21/2018)
  • Target is showing off what a successful brick-and-mortar strategy looks like by opening a store in its 50th state.   (full story)

  • Wegmans edges closer to 100 stores
    (supermarketnews.com - 9/21/2018)
  • That positions Rochester, N.Y.-based Wegmans to open its 100th store next year. According to the retailer’s website, three stores are due to open in 2019: in Virginia Beach, Va. (at U.S. Route 58 and Independence Boulevard); Raleigh, N.C. (at Wake Forest Road near U.S. Interstate 440); and Brooklyn, N.Y. (at the Brooklyn Navy Yard, the first New York City location).   (full story)

  • Tint World® Opens First Arizona Location
    (franchising.com - 9/21/2018)
  • Tint World® Automotive Styling Centers™, a leading auto accessory and window tinting franchise, has entered the Arizona market with a new store in Chandler, part of the Phoenix Metropolitan Area. The new location is the first of four planned stores in the 11th largest metropolitan area in the United States.   (full story)

  • The Habit Burger Grill Inks 9-Store Franchise Deal To Expand in Eastern Washington and Idaho
    (franchising.com - 9/20/2018)
  • Habit Burger Grill (Nasdaq:HABT) today announces the company has signed a 9-store development agreement with Elite Flame Grill, LLC to open new restaurants in Eastern Washington and Idaho. The first locations are expected to open in the first quarter of 2019.   (full story)

  • Halloween Spending To Reach $9 Billion
    (nrf.com - 9/20/2018)
  • Celebrants are planning to spend an average of $86.79, up from last year’s $86.13, with more than 175 million Americans planning to partake in Halloween festivities this year.   (full story)

  • Sprouts makes Pennsylvania debut
    (supermarketnews.com - 9/20/2018)
  • Sprouts has said it plans to open 13 stores in the third quarter...The first half of 2018 saw the opening of 16 new stores, including the first location in South Carolina...   (full story)

  • Claire's makes a deal with major creditor
    (bizjournals.com - 9/20/2018)
  • Accessory retailer Claire's Stores has made a deal with a major creditor that will allow it to move forward with a reorganization plan negotiated ahead of its Chapter 11 filing in March.   (full story)

  • Fajita Pete's partners with Circle G Partners to fuel growth
    (fastcasual.com - 9/20/2018)
  • Fajita Pete's has 10 locations across Texas with six additional locations set to open by the first quarter of 2019.   (full story)

  • Captain D's Signs Franchise Development Agreements to Propel Aggressive Expansion in the Midwest and
    (prnewswire.com - 9/19/2018)
  • Captain D's, the nation's leading fast casual seafood restaurant, announced today the signing of franchise development agreements that will expand its presence in key markets throughout the Midwest and the Southeast. This growth will bring three new restaurants to the greater Detroit area; three to Tulsa, Oklahoma; three to Southeast Georgia; and six to the greater Chicagoland/Northwest Indiana region ...   (full story)

  • Del Frisco's sells off Sullivan's Steakhouse locations for $32 million
    (dallasnews.com - 9/19/2018)
  • The deal with Denver-based Romano's Macaroni Grill was announced Tuesday. That chain was founded in 1988 by Dallas restaurant entrepreneur Phil Romano.   (full story)

  • Retailers could ring up more than $1.1 trillion in holiday sales, topping last year
    (cnbc.com - 9/19/2018)
  • Sales between November of last year and January 2018 climbed 5 percent, totaling $1.05 trillion, according to data from the U.S. Commerce Department. This year, Deloitte says holiday retail sales could top $1.10 trillion.   (full story)

  • Supervalu to Sell 19 Shop ’n Save Stores to Schnucks
    (progressivegrocer.com - 9/18/2018)
  • Supervalu Inc. has entered into a definitive agreement to sell 19 of its 36 Shop ‘n Save grocery stores, which are mainly located in the St. Louis area, to Schnuck Markets Inc.   (full story)

  • Checkers & Rally’s Plans Midwest Growth Push
    (qsrmagazine.com - 9/18/2018)
  • "We had a record-breaking number of openings last year, and are approaching our 900th restaurant opening milestone this fall. We have a lot to celebrate at convention this year when it comes to growth and are on pace to reach our goal of 1,200 restaurants by 2020."   (full story)

  • What Dave & Buster's Wants Investors to Know
    (fool.com - 9/18/2018)
  • Executives still plan to launch roughly 15 new locations in fiscal 2018, representing a 14% increase from the prior year. Over the long term, Dave & Buster's is optimistic that the store base could double from its current total to between 231 and 251.   (full story)

  • I ♥ Mac & Cheese Announces Multi-Unit Franchise Deal in North Carolina
    (franchising.com - 9/18/2018)
  • The agreement, which includes the development of three I ♥ Mac & Cheese’s in the Charlotte, NC, area, was awarded to Ben and Melissa Krokson. The first restaurant is slated to open in the next nine months.   (full story)

  • AutoZone stock dives after sales miss estimates
    (news.alphastreet.com - 9/18/2018)
  • During the quarter, AutoZone opened 78 new stores and relocated four stores in the US...   (full story)

  • Tokyo Joe’s Debuts Milestone 50th Restaurant
    (qsrmagazine.com - 9/17/2018)
  • Tokyo Joe’s announced the opening of their 50th Restaurant in Wheat Ridge, Colorado ... This is the 4th new Tokyo Joe’s Restaurant to open in 2018, and will be followed by another opening in Colorado Springs that is scheduled to open ...   (full story)

  • Tire Discounters Will Host a Unique Hiring Event
    (moderntiredealer.com - 9/17/2018)
  • Tire Discounters says the next four stores it opens will round out markets where the company already operates. But the company also is looking to expand into new markets.   (full story)

  • The Brass Tap Expands in California with Five-Unit Deal in Modesto
    (restaurantnews.com - 9/17/2018)
  • After looking at expansion opportunities across the West Coast, elevated craft beer bar franchise The Brass Tap is expanding in the Golden State, signing a five-unit deal ... Outside of California, The Brass Tap continues to grow its presence throughout the country, including in Texas where an existing operator with the brand is preparing to sign for a five-store deal ...   (full story)

  • Seasons files for bankruptcy
    (thejewishstar.com - 9/17/2018)
  • In its Chapter 11 filing, Seasons reported $42 million in debt and $5 million in assets, with millions owed to vendors, landlords and banks, according to Commercial Observer which cited the filing that it obtained through the Nationwide Research Company.   (full story)

  • Shrinking NYC Cafe Chain Fika Has Now Filed for Bankruptcy Protection
    (ny.eater.com - 9/17/2018)
  • Swedish-inspired cafe and bakery Fika — once considered one of the fastest growing retailers in the city — filed for Chapter 11 bankruptcy protection on Friday, the Post reports, spelling trouble for a chain that once operated as many as 20 New York stores.   (full story)

  • Angry Crab Shack Spices Up Arizona with New Locations
    (prnewswire.com - 9/17/2018)
  • Angry Crab Shack, a leading full-service Cajun seafood restaurant specializing in boiled shellfish flavors with signature sauces, has announced plans to add five additional locations throughout the state of Arizona by 2019 ...   (full story)

  • PJ's Coffee of New Orleans To Bring First Location to Maryland
    (prnewswire.com - 9/17/2018)
  • PJ's Coffee of New Orleans, a New Orleans-based coffeehouse that demonstrates a "southern hospitality" experience, the freshest products, and better beans with superior roasting technique, has announced the signing of a multi-unit agreement to bring five locations to Maryland, northern Virginia and Washington D.C. within the next ...   (full story)

  • Founder pegs growth of Charleys Philly Steaks chain on free-standing stores, chicken wings
    (dispatch.com - 9/16/2018)
  • Charleys Philly Steaks just opened its 600th location, a free-standing store in Lancaster, and the company, founded in Columbus 30 years ago by Charley Shin, plans to have 1,000 stores by the end of 2022.   (full story)

  • Kwik Trip planned for Sturtevant at site of Will's RV
    (journaltimes.com - 9/16/2018)
  • Zietlow said Kwik Trip builds about 50 to 60 new stores each year and has about 670 now. “We have our next 200 to 300 sites picked out,” Zietlow said. “That doesn’t mean they’re all for sale.”   (full story)

  • 3 Reasons Ollie's Bargain Outlets Is Still a Buy
    (nasdaq.com - 9/15/2018)
  • This quarter, the company only opened six new locations, but management maintained they were on track to hit their target of 36 to 38 new stores this year...   (full story)

  • First Watch targets 1,400 locations
    (businessobserverfl.com - 9/15/2018)
  • Some 450 stores is nice. But the ultimate goal, First Watch director of real estate Matthew Livingston told a general session of attendees in late August at the International Council of Shopping Centers’ regional show in Orlando, according to CSA, is much bigger: 1,400 locations.   (full story)

  • We went shopping at Hollister and saw how it could be Abercrombie's secret weapon
    (businessinsider.com - 9/15/2018)
  • In its August earnings call, the company discussed plans to open 22 new stores in 2018, 13 of which would be Hollister stores...   (full story)

  • Henri Bendel is closing after 123 years in business
    (money.cnn.com - 9/14/2018)
  • Parent company L Brands announced Thursday it's closing Bendel's website and all of its 23 stores, including the store's iconic Fifth Avenue location in New York, in January 2019 because of sluggish sales.   (full story)

  • Jiffy Lube Continues to Expand Footprint in Texas
    (corpmagazine.com - 9/14/2018)
  • ABME Auto Services, Inc., recently broke ground on its second Jiffy Lube location and plans to open 10 additional Jiffy Lube locations over the next five years. Since January 2018, Jiffy Lube has opened 15 new service centers across the country with plans to open an additional 16 by the end of the year.   (full story)

  • Salsa Fresca Mexican Grill sets sights on east coast expansion
    (fastcasual.com - 9/14/2018)
  • Salsa Fresca Mexican Grill has set its sights on further expansion along the east coast, according to a press release. Company plans call for opening as many as 100 corporate and franchise-owned stores over the next five years ...   (full story)

  • Starbucks commits to 10,000 'Greener Stores'
    (fastcasual.com - 9/14/2018)
  • Starbucks Coffee Company said today that it is committed to building 10,000 "Greener Stores" globally by 2025. The chain is first creating a framework around performance criteria to help ensure the stores set a standard for green retail.   (full story)

  • 11 Steps Landlords Should Take When Evaluating New Tenants
    (forbes.com - 9/14/2018)
  • Eleven members of Forbes Real Estate Council share some of the smart, legal steps that landlords/property managers need to take to carefully evaluate all potential tenants.   (full story)

  • Sunbelt Rentals’ Revenue Rises 20.6 Percent in First Fiscal Quarter
    (rermag.com - 9/13/2018)
  • Sunbelt added 30 new stores in the U.S. during the quarter, the majority of which were specialty locations.   (full story)

  • Wawa roars into Marion County market with aggressive store plan
    (villages-news.com - 9/13/2018)
  • Czopek also told the applauding crowd at least three more stores are planned in Marion County – two in Ocala and one in Belleview – with opening dates set for spring/summer of 2019...   (full story)

  • How Five Guys, a Brand Built on Customer Experience, Finally Warmed Up to Advertising
    (adweek.com - 9/13/2018)
  • We continue to open stores in the U.S. and then we’re opening a ton internationally. But you can’t open 200 stores a year when you’re a restaurant concept, so now we open about 100 a year...   (full story)

  • David Choi's Seoul Taco Announces Chicagoland Expansion
    (qsrmagazine.com - 9/13/2018)
  • Chef and Owner David Choi Seoul Taco announced the brand’s Chicagoland expansion. Beginning this winter, Seoul Taco fans can now get their fix of the Korean-Mexican fast casual at locations in ...   (full story)

  • Huey Magoo’s Expanding in Atlanta Area
    (qsrmagazine.com - 9/13/2018)
  • The Southeast’s fast-growing chicken tenders brand Huey Magoo’s catapults its rapid expansion with the exciting announcement of several new stores opening in the Atlanta area starting next year ... to bring the popular Central Florida based brand to Atlanta with an initial 10 stores and possible additional ...   (full story)

  • Walk-On’s Prepares to Open 1st Mississippi Restaurant in Hattiesburg
    (restaurantnews.com - 9/13/2018)
  • Walk-On’s Bistreaux & Bar is making its highly anticipated Mississippi debut and is bringing its signature Louisiana-inspired menu served in a family-friendly atmosphere to Hattiesburg on Monday, Sept. 17. ... Other locations are coming soon in Alabama, Florida, Louisiana, Mississippi, Tennessee and Texas, with several additional markets across the Southern U.S. likewise on the drawing board.   (full story)

  • Hwy 55 Burgers, Shakes & Fries to Open Fifth Tennessee Restaurant in Oak Ridge on September 17
    (restaurantnews.com - 9/13/2018)
  • Hwy 55 has also signed franchise agreements for West Virginia, Louisiana, Kentucky and southern Indiana and Virginia in the past year. The brand plans to open approximately 25 locations in 2018.   (full story)

  • Shari’s Management Corp. takes over Coco’s and Carrows
    (nrn.com - 9/13/2018)
  • Food Management Partners has divested its stake in family-dining chains Coco’s Bakery Restaurant and Carrows Restaurants, according to ...   (full story)

  • Tropical Smoothie Cafe® Targets Orlando And Tampa For Expansion
    (franchising.com - 9/13/2018)
  • Tropical Smoothie Cafe, one of the fastest growing franchise concepts in the country, is proud to announce its aggressive franchise development plans for the Orlando and Tampa areas, and is currently ...   (full story)

  • Five Below’s Fiscal Q2 2018 Sales Driven by New Stores
    (marketrealist.com - 9/13/2018)
  • It opened 34 new stores in the fiscal second quarter. As of August 5, it operated 692 stores across 33 states...   (full story)






     

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