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Breaking Retail Real Estate News
  • Kirkland’s Restructures Management Team
    (hfbusiness.com - 1/20/2020)
  • The company has further reduced expenses at its corporate office and is planning to close 27 stores in early 2020, with the potential for further reductions in the store base later in the year as Kirkland's moves forward with its goals to right size the store base.   (full story)

  • 7-Eleven Inc. to Acquire Independent 7-Eleven Stores of Oklahoma
    (csnews.com - 1/17/2020)
  • 7-Eleven Inc. reached an agreement to add more than 100 independently run 7-Eleven-branded convenience stores in Oklahoma.   (full story)

  • Casey's Plans to Add 350 New C-stores by 2023
    (csnews.com - 1/17/2020)
  • Currently, Casey's has a dense network of stores built around its two distribution centers, and the company believes there is "significant infill opportunities, particularly in midsize and suburban markets, to augment our outward expansion," Johnson said during the retailer's 2020 Investor Day, held Jan. 9 in New York.   (full story)

  • Portrait Innovations closes overnight leaving customers empty-handed
    (wrbl.com - 1/17/2020)
  • This isn’t the first time Portrait Innovations has had financial problems. According to multiple business the reports, the chain closed 63 stores in August 2017 before filing for bankruptcy that September. Portrait Innovations has over 100 locations across the country, with at least eight in Georgia and five in Alabama.   (full story)

  • Love’s to Open Up to 40 New Stores in 2020
    (cstoredecisions.com - 1/17/2020)
  • “We’ll open stores from coast to coast, continue to provide products and services that our customers depend upon and enhance our reputation as the company known for Highway Hospitality.”   (full story)

  • TGI Fridays investing millions in consumer-facing technology
    (nrn.com - 1/16/2020)
  • “We're replacing some restaurants where markets have moved and we may relocate some restaurants,” he said. But, the focus of the brand is to improve existing operations “intended to get us back to a place where the brand is ready to grow,” ...   (full story)

  • New Big Boy ownership moves forward on comeback, but not without some bumps
    (crainsdetroit.com - 1/16/2020)
  • The group has four new Michigan restaurants in the pipeline: two multi-tenant developments at the Pasquale's restaurant site in Royal Oak and in Fraser for a collective $10 million, as well as new restaurants in Okemos and Muskegon.   (full story)

  • Twin Peaks Surges Into 2020
    (fsrmagazine.com - 1/16/2020)
  • Twin Peaks plans to continue ramping up development with even more new restaurant openings and redesigns...to open 12-15 additional new restaurants throughout 2020...   (full story)

  • Tempur Sealy Expands Tempur-Pedic Retail Footprint
    (hfbusiness.com - 1/16/2020)
  • Bedding supplier Tempur Sealy, has announced its plans to open its first Tempur-Pedic retail location in Manhattan in June and is opening its 56th store at the Walt Whitman Mall on Long Island on Friday, Jan. 17, expecting to operate 75 to 80 retail locations by the end of 2020.   (full story)

  • Bose to Close All Remaining U.S. Stores
    (rebusinessonline.com - 1/16/2020)
  • Bose Corp. will close all of its 54 stores in the U.S., as well as many remaining locations in Australia, Japan and Europe in the coming months, totaling 119 brick-and-mortar locations.   (full story)

  • Sportsman's Warehouse Announces Three New Store Locations
    (sgbonline.com - 1/16/2020)
  • Sportsman’s Warehouse Holdings Inc. announced plans to open three new stores in Parker, CO; Brentwood, CA; and Corona, CA this year. The new locations are Sportsman’s first announced store openings in 2020 with additional openings likely to be announced in the near future. Sportsman’s will have a total of 107 stores in 27 states which include the three locations set to open.   (full story)

  • Atlanta-Based Private Equity Firm Adding More Massage Envy Locations To Portfolio
    (franchising.com - 1/15/2020)
  • During 2020, Atticus is expected to acquire existing Massage Envy locations and build new ones in Alabama, Arkansas, Iowa, Kansas, Louisiana, Mississippi, Missouri, Montana, Nebraska, North Dakota, South Carolina, South Dakota, and Wyoming. Company officials say they will also continue their growth in states where they already operate Massage Envy including Colorado, Florida, Georgia, Minnesota, Nevada, North Carolina, Utah, and Virginia.   (full story)

  • Asian Grocer iFresh Re-energizes Expansion With New Store
    (progressivegrocer.com - 1/15/2020)
  • Asian-American supermarket chain and online grocer iFresh is opening its first location in North Miami, Fla., on Feb. 7, the company's 10th store along the East Coast. It appears as though the grocer is back on the expansion path, with plans to open stores in Glen Cove, N.Y, and Milford, Conn., soon.   (full story)

  • P.F. Chang’s to open first of several To Go locations in Chicago
    (nrn.com - 1/15/2020)
  • The To Go location at 213 W. Hubbard will open Feb. 3 and cover about 2,000 square feet. It “will have a stand up counter space where you could eat, if needed. But off premise dining is the focus,” Davila said. The company plans to add To Go locations in Houston, New York and Washington, D.C.   (full story)

  • ATD Welcomes 22 Locations to Tire Pros Network
    (moderntiredealer.com - 1/15/2020)
  • American Tire Distributors Inc.’s Tire Pros subsidiary has added 22 locations across 14 states. “We are delighted to expand to new markets and are thrilled to welcome the 22 new locations to our growing Tire Pros family of franchises,” says Greg Bell, president at Tire Pros.   (full story)

  • FASTSIGNS International, Inc. Celebrates 35th Anniversary with #1 Ranking on Franchise 500
    (franchising.com - 1/14/2020)
  • This year, FASTSIGNS is aiming to sign 45+ franchise agreements and enter several new countries. In the U.S., the brand is targeting growth in markets like Michigan, Southern California, Florida, New York City, Boston and the northeast corridor.   (full story)

  • Red Robin CEO reveals plan to recapture the casual dining restaurant chain's soul
    (nrn.com - 1/14/2020)
  • A self-described turnaround specialist, Murphy said he is “extremely confident” in his plan to reverse years of declining sales at the Greenwood Village, Colo.-based casual dining chain.   (full story)

  • Saladworks Targets Cleveland, Columbus, Cincinnati and Dayton for Expansion After Opening its 100th
    (franchising.com - 1/13/2020)
  • Saladworks is on pace to double in size, with 200 locations planned to open by the end of 2020. The company is expanding its franchise unit count through both traditional restaurant locations and nontraditional venues such as airports, military bases and universities. The brand plans for expansion into new markets including Minnesota, California, Florida, Colorado, Rhode Island, Indiana and Arkansas.   (full story)

  • Havertys to open first Myrtle Beach, S.C., store and expand Dallas footprint
    (furnituretoday.com - 1/13/2020)
  • Top 100 company Havertys identified the locations of two of three new stores coming this year — its first in Myrtle, Beach, S.C., and it’s a 11th in the Dallas/Fort Worth market.   (full story)

  • The comeback of the brick-and-mortar store
    (retaildive.com - 1/13/2020)
  • "We're not accounting for the value of stores," Stephens said. "Buying advertising doesn't work anymore. Stores are not about the distribution of products anymore, they're about the acquisition of customers."   (full story)

  • Why Five Below Stock Was Sinking Today
    (fool.com - 1/13/2020)
  • Five Below is also sticking with aggressive expansion plans next year as it plans to add 180 new stores, growing its store base by 20%. The company is now almost halfway to its goal of operating 2,000 stores across the country.   (full story)

  • Randalls to close five grocery stores in Houston area
    (houstonchronicle.com - 1/13/2020)
  • Randalls will close five grocery stores in Clear Lake, Kingwood, Spring and The Woodlands next month, continuing its retreat from the region’s hyper-competitive grocery market.   (full story)

  • Fiesta Restaurant Group is closing 19 Taco Cabana units
    (nrn.com - 1/13/2020)
  • Fiesta Restaurant Group Inc. is closing 19 Taco Cabana restaurants immediately, the company said Monday. Dallas-based Fiesta, which also owns the fast-casual Pollo Tropical brand, said all the closures were of stores that had posted significant losses.   (full story)

  • In Vermont: r.k. Miles acquires Allen Lumber
    (hbsdealer.com - 1/10/2020)
  • r.k. Miles, Inc., the Manchester Center, Vt.-based pro dealer is acquiring Allen Lumber, Inc. The move includes the acquisition of locations in Barre, Montpelier, Waitsfield, and St. Johnsbury, Vt.   (full story)

  • Whiskey Joe’s Bar & Grill to open Manatee River restaurant in March
    (heraldtribune.com - 1/10/2020)
  • Bradenton and Jacksonville are among the other 20 confirmed future sites for Whiskey Joe’s scheduled to open along Florida’s coast within the next five years, according to a press release.   (full story)

  • Anytime Fitness Jumps the Ranks on Franchise Times 2019 Fast & Serious List
    (franchising.com - 1/10/2020)
  • Boasting a strong year-over-year revenue increase at 19-percent, Anytime Fitness plans to add 50 U.S. gyms in Q1 of 2020 alone - with Alabama and New York selected as key targeted regions.   (full story)

  • The Future Of Dry Cleaning Is In A NY State Of Mind. Lapels Dry Cleaning Coming To Latham, NY
    (franchising.com - 1/10/2020)
  • In addition to being the first Lapels location in New York State, the Latham plant represents the first location for Lapels Dry Cleaning’s first Development Agent, Niral Patel. Lapels Dry Cleaning of Latham will be the first of as many 40 locations in Patel’s territory in New York State.   (full story)

  • PCC Community Markets to Open in Former New Seasons Location
    (winsightgrocerybusiness.com - 1/9/2020)
  • The 18,000-square-foot store is expected to open in the first half of the year and add about 100 jobs to the community, with about half sourced directly from the neighborhood and the other half to come from other PCC stores. The Seattle-based co-op also plans to open stores in Madison Valley, Bellevue and downtown Seattle.   (full story)

  • Stoner's Pizza's Atlanta debut part of Southeastern US push
    (qsrweb.com - 1/9/2020)
  • The Atlanta location is part of the brand's franchising push and ... The brand is currently focusing on the Southeast U.S. for franchise expansion ...   (full story)

  • What’s next for Black Bear Diner with new CEO Anita Adams at the helm?
    (nrn.com - 1/9/2020)
  • Although Black Bear Diner has nearly doubled their unit count over the past four years, the company’s expansion plans are less ambitious than you’d think. On average, the company has opened 20-21 units annually and they don’t plan on upping that average unit growth significantly anytime soon.   (full story)

  • Dog Haus debuting new look in Wyoming
    (fastcasual.com - 1/8/2020)
  • Dog Haus is opening its first Wyoming location in Cheyenne in early 2020, and it will be the first unit to sport the chain's new look.   (full story)

  • Macy’s closing 29 more stores — 2 in Pennsylvania
    (triblive.com - 1/8/2020)
  • In an email to the Associated Press, the Cincinnati-based retailer said the store closures include 28 Macy’s locations and one Bloomingdale’s store.   (full story)

  • Town Sports Acquires Flywheel Sports
    (sgbonline.com - 1/7/2020)
  • Town Sports International Holdings Inc., one of the largest owners and operators of fitness clubs in the Northeast, agreed to acquire the studio business of Flywheel Sports Inc., the spin chain.   (full story)

  • Pier 1 to close up to 450 stores
    (furnituretoday.com - 1/6/2020)
  • The closings would be on top of 45 stores that closed in the third quarter, which left the company with 942 stores at the end of the period — now down to 936, according to the release. “To reflect the revised store footprint, the company also plans to close certain distribution centers and reduce its corporate expenses, including via cuts in corporate headcount,” it said.   (full story)

  • Planet Fitness Reaches 2,000th Store Milestone
    (prnewswire.com - 1/6/2020)
  • Planet Fitness, Inc., one of the largest and fastest-growing global franchisors and operators of fitness centers...announced that it has opened its 2,000th location in Colorado Springs, Colorado...   (full story)

  • Chicken Salad Chick Planned for 4th Street in St. Pete
    (stpeterising.com - 1/6/2020)
  • In addition to the 4th Street location, the team is planning to open another outpost in Pinellas County as well as one in Trinity, FL.   (full story)

  • Aroma Joe’s Continued Steady Growth in 2019
    (franchising.com - 1/6/2020)
  • Looking ahead to 2020, Aroma Joe’s hopes to grow its operations by 20% and is looking to expand into several new markets, including Vermont, Connecticut and Rhode Island. Aroma Joe’s is also looking to bolster its presence in various markets throughout Florida and Pennsylvania.   (full story)

  • Applebee's opens fast-casual concept in Mobile, Ala.
    (nrn.com - 1/6/2020)
  • The Applebee's Express is about half the size of a typical Applebee's restaurant at 2,500 square feet. The location will focus on to-go and ...   (full story)

  • Yum Brands acquires Habit Burger for $375M
    (restaurantdive.com - 1/6/2020)
  • Yum Brands has entered into an agreement to acquire The Habit Burger Grill for $375 million, or $14 per share in cash, according to a press release. The deal is expected to close by the end of Q2 2020.   (full story)

  • In a Burger World, Can Sweetgreen Scale Up?
    (nytimes.com - 1/4/2020)
  • Mr. Neman went on that Sweetgreen plans to double in size to 200 stores in the next three years, growing at 35 to 40 percent each year, which he thinks is the upper limit of what’s possible.   (full story)

  • Italian ice, ice cream chain on target for 100 locations in 2 years
    (qsrweb.com - 1/3/2020)
  • Leaders of a 23-year-old Florida-based Italian ice and soft ice cream chain said their Jeremiah's Italian Ice brand is on track to have 100 stores open in two years after it began franchising six months ago.   (full story)

  • Anytime Fitness looking for franchisees to open new gyms
    (buffalonews.com - 1/2/2020)
  • Greater Buffalo is an outlier when it comes to that explosion in growth. Tom Gilles, director of franchise development, looks to change that during the next three years. He hopes to add 10 more sites in a region that now has three ...   (full story)

  • Mission BBQ restaurant to report for duty across from Southlake Mall
    (nwitimes.com - 12/31/2019)
  • The fast-growing business also is opening restaurants in the coming months in Fort Wayne, as well as in Ohio, Maryland, Virginia and Pennsylvania, with plans to open a Mishawaka eatery later this year. Founded in 2011, it has grown to 94 locations nationwide, adding 17 to 18 more every year.   (full story)

  • Green Thumb Industries Opens New Rise Cannabis Retail Store In Lakewood, First In The City
    (benzinga.com - 12/31/2019)
  • Green Thumb Industries announced it will open its 39th location...license to open up to five cannabis stores in Ohio...   (full story)

  • Huey Magoo's plans 10 openings in 2020
    (fastcasual.com - 12/30/2019)
  • The chain opened its first restaurants in Greater Atlanta (Loganville) and South Florida (Sunrise) this month, and the brand plans to open at least 10 additional stores in Florida, Georgia and Mississippi in 2020.   (full story)

  • Franchise Group buying Top 100 American Freight
    (furnituretoday.com - 12/30/2019)
  • The publicly held Franchise Group is buying the more than 176-store discount furniture chain in an all-cash deal valued at about $450 million, according to news releases. The sale is expected to close in the first quarter.   (full story)

  • Nine Gordmans retail stores to open in 2020 in Virginia
    (wset.com - 12/30/2019)
  • Nine new Gordmans stores will be opening in Virginia...   (full story)

  • Donatos Pizza Ignites Florida Expansion
    (qsrmagazine.com - 12/27/2019)
  • The fast-casual pizza chain famous for its Edge-to-Edge toppings has signed three separate franchise agreements for the development of 13 restaurants across the state, from Jacksonville to Orlando and along the Florida Gulf Coast.   (full story)

  • Wegmans Investing In New Virginia Distribution Center
    (homeworldbusiness.com - 12/27/2019)
  • Of 11 stores the company has set plans to open beyond those, seven are in North Carolina and Virginia...   (full story)

  • With 2019 investment, fast-casual Slim Chickens plans growth push
    (nrn.com - 12/24/2019)
  • The Fayetteville, Ark.-based fast-casual brand opened 21 restaurants in 2019, with 18 of those franchised and three company-owned. The company plans to open 31 units over the next year, Rothschild said, both domestically and internationally. The company has six franchised units in the United Kingdom and two in Kuwait in the Middle East.   (full story)






     

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