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Breaking Retail Real Estate News
  • Fast-Casual Chain Dig Inn Becomes Dig
    (restaurantbusinessonline.com - 7/16/2019)
  • The New York City-based farm-to-table chain, which had 24 units in April, expects to operate a total of 35 restaurants in three cities by the end of the year. Over the next 18 months, Dig plans to open units in Washington, D.C., and Chicago, launch its first full-service restaurant and debut a new delivery platform called Room Service, founder and CEO Adam Eskin said in the post.   (full story)

  • Record spending projected for Back-to-Campus
    (hometextilestoday.com - 7/15/2019)
  • Families with college students are expected to spend an average $976.78 during the Back-to-Campus season. That’s up 3.6% from last year’s $942.17 and tops the previous record of $969.88 set in 2017, according to the National Retail Federation’s annual survey.   (full story)

  • At Home opens its 200th store
    (hometextilestoday.com - 7/15/2019)
  • At Home, is now one-third of the way toward its goal of operating more than 600 stores. This milestone comes after a recent expansion into California, where the retailer currently operates two stores with the potential to grow to more than 80.   (full story)

  • Remodeled Big Lots store to open in Shenango
    (ellwoodcityledger.com - 7/15/2019)
  • Big Lots will celebrate the grand opening of 17 newly remodeled stores throughout the Pittsburgh area...   (full story)

  • Refuel Convenience & Gas Chain Charts $50M Expansion
    (csnews.com - 7/15/2019)
  • South Carolina convenience store chain Refuel is looking to beef up its presence in Charleston and eastern South Carolina with plans to build 10 new stores over the next year in a $50 million investment.   (full story)

  • Owner of Defunct Hot Dog Joint Scores Legal Fees in Lawsuit Against Strip Mall Landlord
    (sanjoseinside.com - 7/12/2019)
  • Orozco asked multiple times whether any other businesses at the center would directly compete with his new restaurant’s focus: gourmet hot dogs. Weltner repeatedly told him that she couldn’t disclose what other tenants were moving in because of Vornado’s policy against discussing ongoing negotiations. In fact, no such policy existed.   (full story)

  • Fred’s closes 129 additional stores and holds clearance sales
    (cnbc.com - 7/12/2019)
  • Discount merchandise retailer Fred’s announced on Friday that it will close another 129 stores and hold inventory clearance sales as the company works to repay its debt and diversify its product selection. Fred’s will have an estimated 80 retail stores and 166 pharmacies standing following its store closures.   (full story)

  • Fast casuals rev up drive-thru, mobile pickup plans
    (restaurantdive.com - 7/12/2019)
  • Chains like Chipotle, Cava and Blaze Pizza are testing drive-up windows, but may soon find it more difficult to find ideal locations.   (full story)

  • Liberty Tax acquires Buddy’s
    (furnituretoday.com - 7/12/2019)
  • Vintage Capital Management has sold Buddy’s Home Furnishings to the publicly held Liberty Tax, which intends to transform from a tax services business to an investment company specializing in franchised and related businesses. Liberty Tax and Buddy’s will operate as stand-alone businesses with separate management teams.   (full story)

  • Retailer Charming Charlie Files Chapter 11, Closing All Stores
    (fortune.com - 7/11/2019)
  • Jewelry and accessories chain Charming Charlie has filed Chapter 11 bankruptcy and plans to close all 261 of its stores...   (full story)

  • Subway Plans To Remodel 10,500 Locations
    (restaurantbusinessonline.com - 7/11/2019)
  • Subway and its vendors are expected to provide franchisees with more than $100 million in grants to help fund remodels to about 40% of the chain’s units over the next year and a half. Subway said that 10,500 of its nearly 25,000 U.S. locations expect to take advantage of the program and get a new look by the end of 2020.   (full story)

  • Aroma Joe’s Shows the Maine Difference
    (franchising.com - 7/11/2019)
  • Aroma Joe’s is targeting a 20-30 percent growth rate each year and looking to fill the New England market over the next three years, with the eastern seaboard next within 5-10 years.   (full story)

  • Blink Fitness Appoints Thomas Flaherty as President of Franchising
    (franchising.com - 7/11/2019)
  • Flaherty will build on Blink’s franchising momentum, which includes numerous multi-unit deals inked in key markets including New York, Florida, Virginia, Ohio, Massachusetts, Michigan, Illinois, South Carolina, California, Tennessee and Texas. In recent months, Blink has signed   (full story)

  • Retail Rents Are Rising Across the Board, But at a Glacial Pace
    (nreionline.com - 7/11/2019)
  • “The truth of the matter is we have so many retail sub-types that are just doing fine. There are all these services and grocery-anchored centers, and even power centers have had a comeback of late. And the majority of malls are still doing okay, for the most part. You see these poster children for bad retail news that kind of misdirect people away from the big picture.”   (full story)

  • Owners of Afters Ice Cream, 7 Leaves partner on Hello Kitty Café in Las Vegas
    (nrn.com - 7/11/2019)
  • The creators of Hello Kitty Café are expanding the iconic Sanrio character’s restaurant footprint to the neon lights of Las Vegas.   (full story)

  • Crate & Barrel serves up 1st restaurant concept
    (retaildive.com - 7/10/2019)
  • Crate & Barrel opened its first full-service restaurant, called The Table at Crate...The concept is a collaboration with Cornerstone Restaurant Group...   (full story)

  • Bed Bath & Beyond Inc. Reports Results For Fiscal 2019 First Quarter
    (prnewswire.com - 7/10/2019)
  • During the fiscal first quarter, the Company opened three stores including one Bed Bath & Beyond store and two buybuy Baby stores...   (full story)

  • ZIPS Dry Cleaners Presses On With Aggressive Expansion
    (franchising.com - 7/10/2019)
  • “We will be serving Dallas, Houston, Atlanta, Chicago, Portland, Oregon, and Columbus, Ohio in the near future with another 20 markets in the next five years,” Ritger notes.   (full story)

  • Cinnaholic Celebrates Monumental Growth in First Half of 2019
    (franchising.com - 7/9/2019)
  • The brand has already opened 10 franchise locations since January in new markets including New Jersey, Houston, Phoenix and Ottawa, Ontario, bringing its total location count to 38 units.   (full story)

  • &Pizza Adds A President As It Prepares To Grow
    (restaurantbusinessonline.com - 7/9/2019)
  • The chain, which is slated to open its 36th store Wednesday, has plans to double in size over the next two years, with additional restaurants planned in Washington, D.C., Maryland, Virginia and New Jersey.   (full story)

  • Bonchon Names Flynn Dekker As CEO
    (restaurantbusinessonline.com - 7/9/2019)
  • The brand, known for its double-fried chicken and a name that translates to “my hometown,” currently has 92 U.S. units and 345 international stores. It is slated to add 15 U.S. locations in the next year.   (full story)

  • Reis: National Retail Vacancy Experiences First Drop Since 2016 Among Neighborhood Shopping Centers
    (rebusinessonline.com - 7/9/2019)
  • The neighborhood and community shopping center retail vacancy rate fell 10 basis points to 10.1 percent in the second quarter, according to New York-based commercial real estate data firm Reis. This is the first time in which vacancy has declined since the first quarter of 2016.   (full story)

  • Commercial Lease Assignments: A Tale of Two Leases and A Landlord’s Right to Recapture
    (rebusinessonline.com - 7/9/2019)
  • Commercial leases typically contain standard protections for landlords that may be potential pitfalls for tenants seeking to assign or transfer interests in a lease. A lease recapture provision permits a landlord to terminate a lease and “recapture” the leased premises when the tenant requests landlord’s consent to assign, sublease or transfer the lease.   (full story)

  • Domino's Gains 11% in 3 Months: Will Growth Continue?
    (nasdaq.com - 7/9/2019)
  • In first-quarter 2019, the company opened 200 net new stores...   (full story)

  • Mimi’s Café is Now Mimi’s Bistro + Bakery
    (foodnewsfeed.com - 7/9/2019)
  • Mimi’s, founded in 1978, has 77 U.S. locations across 16 states. It plans to complete 10 renovations by fall, with new interiors, furniture, bar areas, and innovations in technology.   (full story)

  • Tropical Smoothie Cafe Opened 58 Restaurants in First Half of 2019
    (qsrmagazine.com - 7/9/2019)
  • Tropical Smoothie Cafe, LLC announced its significant achievements in the first half of 2019, opening 58 restaurants and signing 75 franchise agreements.   (full story)

  • Lucky's Market to Open Florida Distribution Center
    (winsightgrocerybusiness.com - 7/8/2019)
  • Lucky’s operates 21 stores in Florida—more than half of the brand’s 39 overall units—and reportedly has plans to operates as many as 30 stores in Florida by year-end.   (full story)

  • Hand & Stone Massage and Facial Spa Ranked No. 8 on Forbes' 2019 "Best Franchises To Buy" ...
    (finance.yahoo.com - 7/8/2019)
  • "We're building 60 to 70 locations per year. When it comes to average revenues, our competitors pale in comparison," said Leff. "Our membership-based recurring revenue model fuels profitability and speed of growth, which makes our brand very attractive. Back in 2010 we had only 28 locations; now nine years later, we have over 400 locations."   (full story)

  • Your Pie Awarded 19 Stores Last Quarter
    (qsrmagazine.com - 7/8/2019)
  • During Q3, Your Pie plans to open locations in Houston, Texas; Blacksburg, Virginia; Jacksonville, Melbourne and Brandon, Florida; and Winder, Fort Oglethorpe, Dahlonega and Dublin, Georgia. In the second quarter, Your Pie also awarded 19 stores across Virginia, North Carolina and Florida for future development.   (full story)

  • Boston Market shutters 10% of stores
    (nrn.com - 7/8/2019)
  • "We must take steps to ensure our operational structure will support long-term sustainability," Frances Allen said in the letter. "Part of that effort involves continuously analyzing our geographic footprint and real estate portfolio ..."   (full story)

  • Restaurants Unlimited files for Chapter 11 bankruptcy
    (nrn.com - 7/8/2019)
  • Restaurants Unlimited, a Seattle-based company that operates 35 fine-dining and polished casual restaurants in six states, has filed for Chapter 11 bankruptcy protection in the District Court of Delaware, citing rising minimum wages in its core markets, specifically ...   (full story)

  • Primark sales grow 4 percent, continues retail expansion
    (fashionunited.com - 7/5/2019)
  • The company’s business in the US continued to deliver encouraging like-for-like and strong total sales growth. Primark expects to open over the next twelve months, the previously announced new stores at American Dream, New Jersey and Sawgrass Mills, Florida and it has exchanged contracts on a store in State Street, Chicago.   (full story)

  • Big Lots to celebrate the grand opening of 17 Nashville-area stores
    (tullahomanews.com - 7/5/2019)
  • Big Lots will be celebrating the grand opening of 17 newly remodeled stores throughout the Nashville area...   (full story)

  • We visited a Hollister flagship store that's closing soon and saw why the brand needed new strategy
    (businessinsider.com - 7/4/2019)
  • Abercrombie plans to also open 40 new stores across brands by the end of the year, and it is also investing in new experiences at 85 stores.   (full story)

  • Inside Firehouse Subs' Biggest Redesign in 25 Years
    (qsrmagazine.com - 7/3/2019)
  • Firehouse Subs “Restaurant of the Future,” is the chain’s first fundamental redesign in 25 years of operation. The unit opened July 2 in Firehouse’s home market of Jacksonville, Florida, at ...   (full story)

  • Erbert & Gerbert’s Unveils New Store Prototype
    (qsrmagazine.com - 7/2/2019)
  • New mission values focusing on “Out of This World Sandwiches,” ... slogan “Bold Between the Breads” are just a few of the revamps Erbert & Gerbert’s Sandwich Shops plan to roll out this summer. The most important may be a whole new look and store prototype that will be launched for the popular sandwich chain this summer.   (full story)

  • uBreakiFix Opens 25 New Stores in Q2, Celebrates 10th Anniversary and 500th Store Opening
    (finance.yahoo.com - 7/2/2019)
  • uBreakiFix announced significant growth for the second quarter of 2019, boasting a total of 25 new stores...   (full story)

  • Blaze Fast-Fire’d Pizza Signs Development Deal for Dallas
    (franchising.com - 7/2/2019)
  • Mallet, an existing franchisee who joined the brand in January 2018, is currently developing a non-traditional Blaze Pizza location at the Fort Bliss Army Base in El Paso. Her new development deal includes adding three traditional Blaze Pizza locations throughout North Dallas.   (full story)

  • Spot Coffee expands business with new franchise agreements
    (verdictfoodservice.com - 7/1/2019)
  • The coffee chain entered a franchise agreement last month with American supermarket chain Tops Markets to develop its SPoT Express location.   (full story)

  • Go Go Curry opening in New Jersey
    (fastcasual.com - 7/1/2019)
  • Go Go Curry, a fast casual concept specializing in authentic Japanese comfort food, is opening its first New Jersey location inside ...   (full story)

  • TPG Doesn’t Skip Acquisition Day
    (morningbrew.com - 7/1/2019)
  • Yesterday, private equity firm TPG said it will buy gym chain Crunch Fitness for the best kind of amount: undisclosed. Crunch’s new personal balance sheet trainer comes about 10 years after Angelo Gordon handed Crunch a life raft investment during chapter 11 bankruptcy.   (full story)

  • Hooters Of America Has Been Sold
    (restaurantbusinessonline.com - 7/1/2019)
  • Hooters of America, the breastaurant chain long rumored to be for sale, has been acquired by Nord Bay Capital and TriArtisan Capital Advisors, the parties announced late Monday.   (full story)

  • Duluth Trading Co. celebrates opening of first Georgia location in Kennesaw
    (mdjonline.com - 6/29/2019)
  • Beidler said that the company has opened 10 to 11 stores in the past year and plan to open another 15 this year. “Our stuff is very unique and function-focused,” Beidler said. “You can read about it all you want online, but when you get into a store and you can touch it, feel it, try it on, squat, bend over in it, you get that opportunity to see what it’s really doing.”   (full story)

  • Qdoba looks to expand into Alabama, South
    (al.com - 6/28/2019)
  • Qdoba Mexican Eats and multi-unit operator, Premier Queso Kings, LLC, are partnering for a 20-unit deal to develop locations in and around Atlanta and across Alabama, according to a news release. The first Atlanta restaurant should open later this year or early next year.   (full story)

  • Pilot Flying J to Open 6 Travel Centers in West Texas
    (cspdailynews.com - 6/28/2019)
  • Three of the six stores opened between June 13 and June 27. They included a Flying J Travel Center in Kermit, Texas, and two Pilot Travel Centers in Monahans (pictured) and Midland, Texas. The final three, set to open later this year, will be in Odessa, Midland and Andrews, Texas.   (full story)

  • Refuel Acquires Bishopville Petroleum
    (cspdailynews.com - 6/28/2019)
  • “Refuel has started construction on two stores since our purchase of the West Oil assets. One of the new builds is in Sumter and the other is located in the highly sought-after Nexton Development in Summerville. Refuel has eight additional new builds in the pipeline, most of which are in the Charleston market.”   (full story)

  • Why Big Growth Can Come in Small Footprints
    (qsrmagazine.com - 6/28/2019)
  • For the brand and its franchisees, the smaller, fast-casual format unlocks fresh real estate opportunities, trims the upfront investment, and quickens the construction timeline. This, Lane says, enlarges the pool of prospective franchise partners, expedites the chain’s movement into new markets, and drives deeper marketplace penetration.   (full story)

  • Love’s Opens Three New Travel Stops
    (cstoredecisions.com - 6/28/2019)
  • "These three locations place us in the perfect spots to serve more customers,” said Tom Love, executive chairman and founder of Love’s. “All are along major interstates that are popular for trade routes and leisure travel."   (full story)

  • VSP Global Enters Into Definitive Agreement To Acquire Visionworks
    (prnewswire.com - 6/28/2019)
  • VSP Global, announced today that it has entered into a definitive agreement to acquire San Antonio, Texas-based Visionworks, subject to completion of regulatory approval. With a footprint of more than 700 stores in nearly 40 states, the Visionworks acquisition will be the single largest VSP network investment in the company's 65-year history.   (full story)

  • First of 10 new Charleston-area convenience stores in $50M investment set to open
    (postandcourier.com - 6/28/2019)
  • Savannah-based Parker’s Kitchen will launch its first area location at 5 p.m. Friday at 115 S. Highway 52 in Moncks Corner. Two more stores are in the works for the Berkeley County seat. Other planned locations include two in Summerville and Goose Creek, and one each in West Ashley, North Charleston, and Cane Bay in Berkeley County.   (full story)






     

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