|
|
Breaking News |
 |
Ollie's Opens 1st Store in Iowa, Its 500th Overall
(progressivegrocer.com - 9/29/2023)The construction of our first distribution center in the Midwest will give us the capacity to service an additional 150 to 175 stores, supporting the next leg of our new store growth," said EVP and COO Eric van der Valk. (full story)
Chico’s to go private in $1 billion deal
(chainstoreage.com - 9/29/2023)The deal is expected to close by the end of the first quarter of 2024. It includes a 30-day “go-shop” period (expiring on Oct. 27) during which time the retailer can solicit other bids (full story)
WaWa will open 120 stores in Indiana and Ohio
(retailleader.com - 9/29/2023)The first store locations are projected to open by mid-2025 in each state, with plans to open up to 10 locations that year in each area. (full story)
Mr Gatti's Pizza Opens New Location in Oklahoma City
(qsrmagazine.com - 9/29/2023)Earlier in the year, Swadley solidified a 17-unit franchise agreement with Mr Gatti’s, with the Oklahoma City location being the first of many to come. Locations under Swadley’s ownership will be developed over the course of the next six years and will span Oklahoma, Arkansas and Missouri. (full story)
In Hunt for Real Estate, Franchisors Can Take Smart Steps to Stay Ahead
(franchisetimes.com - 9/29/2023)I met recently with Jonathan Hill, co-founder of full-service real estate firm Morrow Hill and someone with deep franchising experience to explore current real estate trends. (full story)
How Lazy Dog’s focus on culture and innovation has driven growth
(nrn.com - 9/29/2023)That growth plan includes five new restaurants this year and a target of seven next year, which Simms calls a “comfortable rate to make sure we can carry our culture into each new location.” (full story)
Costco to open 10 stores in the next three months
(retailleader.com - 9/29/2023)"For the first quarter, the first 12 weeks of fiscal 2024, we plan on opening 10 net new units and as well relocating one unit," said Richard Galanti, Costco’s chief financial officer, during the retailer’s fiscal 2023 fourth-quarter earnings call. (full story)
Nordstrom to add 11 Nordstrom Rack stores this fall
(retailleader.com - 9/29/2023)Seattle-based fashion retailer Nordstrom Inc. plans to grow its footprint for its off-price retail division Nordstrom Rack with nearly 30 new stores opening through early 2025. This fall alone, the retailer plans to open 11 of these stores, ranging from 24,000 to 35,000-square-feet. (full story)
Wawa Plans for 40 New Kentucky Stores
(cspdailynews.com - 9/27/2023)The first groundbreakings are set to begin in mid-2024, and 10 stores are projected to begin opening by mid-2025. Five additional stores will open in 2026 and five stores will open each year thereafter. Wawa teams continue to look for sites throughout the market. (full story)
Woof Gang Bakery & Grooming Sets the Path for Unprecedented Growth with signing of the 300th Store
(businesswire.com - 9/26/2023)Woof Gang continues expanding into new states by venturing into Kentucky and Louisiana. The Kentucky store will be located in Prospect, Kentucky, while the Louisiana store will be situated in Lafayette, Louisiana. Both locations are scheduled to open their doors in July 2024. (full story)
Farmer Boys Expands Southern California Presence with Multi-Unit Signed Agreement
(franchising.com - 9/26/2023)Farmer Boys recently announced its latest signed agreement to develop two new restaurants throughout Southern California. The restaurants will be in Visalia and Kern County, both being owned and operated by Joseph Sadek and his brother George. (full story)
Huckleberry’s Breakfast & Lunch continues expansion in Nevada, California with multi-unit franchisee
(nrn.com - 9/25/2023)Nine new locations are coming soon as rapid growth is on the horizon. Upcoming California locations include Vacaville, Ventura (3), Santa Maria and Redding, while Nevada launches three locations in Las Vegas. (full story)
FAT Brands acquires Smokey Bones Barbecue for $30 million
(nrn.com - 9/25/2023)This is not the first time FAT Brands has done business with Sun Capital Partners: the company purchased Johnny Rockets from the private equity firm back in Sept. 2020, which kicked off a brand acquisition spree as FAT Brands continued to bolster its portfolio with new brands across diverse categories. (full story)
Eataly names North American CEO, shares expansion plans
(restaurantdive.com - 9/25/2023)Eataly also announced plans to open an additional five stores in North America in the next two years as part of an “ambitious growth strategy” to reach 20 stores in North America within the next five years. (full story)
Rituals reportedly planning 25 store openings next year
(fashionunited.com - 9/25/2023)Cosmetics giant Rituals is believed to be planning to open 25 new stores next year, as well as 10 new stores by the end of this current year... (full story)
la Madeleine Names Mark Ramage Senior Director of Franchise Development
(qsrmagazine.com - 9/22/2023)The newly appointed executive wants to attract experienced restaurant operators and investors to the brand, with the ambitious goal to sign and develop 50-100 new locations in the next five years. (full story)
Scooter’s Coffee Expands into New Jersey
(franchising.com - 9/22/2023)Scooter’s Coffee, LLC, continues its expansion throughout the United States by opening seven new locations in Monmouth County, New Jersey. The expansion is the result of a franchise agreement signed by Bill Thomas and his wife, Nicole Toscanini-Thomas.
(full story)
Verizon Prepaid Brand Opens 50th Los Angeles Store
(retailtouchpoints.com - 9/22/2023)“We are opening hundreds of new Total by Verizon locations across the country, and we are just getting started in Los Angeles with our first 50 stores in this region this month.” (full story)
Lightbridge Academy expands into Maryland
(thedailyrecord.com - 9/22/2023)In addition to the 70 locations now open, an additional 70 are under development around the country. Sakaar, LLC also signed a lease in the Frederick area and has rights to open up to five sites regionally. (full story)
Scooter’s Coffee Continues Growing in Alabama and Tennessee
(franchising.com - 9/22/2023)Scooter’s Coffee, LLC, continues its expansion throughout the United States by bringing its world-class drive-thru coffee locations to Scottsboro and Fort Payne, Alabama; and Knoxville, Amherst, and Kodak, Tennessee. (full story)
Portillo’s targets 920 future units, up from 600
(restaurantdive.com - 9/22/2023)This estimated target store count includes 800 full-sized restaurants and 120 pickup units, walk-up stores for urban areas and other alternative restaurant formats, such as locations on college campuses. (full story)
The demand for restaurant real estate is ‘through the roof’
(nrn.com - 9/22/2023)The two agreed the demand is a bit of a head scratcher given the overall decline in restaurant traffic and pressured macroeconomic environment, but zoom in a bit and each segment and each market tell a different story. (full story)
New Seasons Shares Grand Opening Details for 20th Store
(progressivegrocer.com - 9/22/2023)In addition to the new Main Street location, New Seasons is set to open a store at the Milwaukie Marketplace, Ore., in spring of 2024, followed by Tanasbourne Town Center, Ore., in 2025. (full story)
Huey Magoo's Flourishes in Chicken Tender Segment
(qsrmagazine.com - 9/22/2023)The news comes on the tail of two new leases signed for corporate drive-thru locations in the greater Orlando area and a total of 250 franchises have been sold which will open over the next several years. (full story)
Fajita Pete's Opens Third Austin-Based Restaurant
(qsrmagazine.com - 9/22/2023)This addition accompanies the already successful MoPac and Cedar Park locations and brings Fajita Pete’s nationwide unit count to 30 restaurants across Texas, Colorado, and Kansas, with Illinois, Pennsylvania, and Puerto Rico on deck in the next six months. (full story)
AutoZone, Inc. Q4 2023 Earnings Call Transcript
(yahoo.com - 9/21/2023)In Q4, we opened 156 net new commercial programs, opening the majority of them late in the quarter, which had minimal impact on sales, but positions us well for FY24 and beyond... (full story)
Northern Tool to open new store
(hbsdealer.com - 9/21/2023)Northern Tool + Equipment plans to open a new retail location in Bossier City, Louisiana... (full story)
Inside Jack in the Box’s Franchise Revival
(qsrmagazine.com - 9/20/2023)Salt Lake City is Jack in the Box’s first new market in over 10 years and marks the first step in an aggressive expansion effort. The chain is racing ahead with plans for two additional units in the market by the end of the year, followed by at least six in 2024—a combination of company-owned and franchised locations. (full story)
Ellianos Coffee Opens in Newberry, Florida
(qsrmagazine.com - 9/20/2023)Ellianos has seen sustained franchise growth, expanding its footprint in Florida and Georgia and offering territories in several other states. Ellianos is currently seeking franchisees for territories in Alabama, Tennessee, South Carolina, and North Carolina. (full story)
Bojangles to surpass 1K units with current development plans
(restaurantdive.com - 9/20/2023)Earlier this year, it opened Ohio for development, as well as several Western markets including Nevada, Utah, Arizona, California and Colorado. The majority of the Midwest, Northeast and Mid-Atlantic is also available for development. (full story)
Potbelly Signs Multi-Unit Deal to Grow in Central Arkansas
(qsrmagazine.com - 9/20/2023)This exciting deal will bring five new Potbelly shops to neighborhoods across the mid-section of the state and one new shop to Jonesboro in the northeast corner of the state. The first shop in this agreement is expected to open within the next 12 months. (full story)
H-E-B announces plans for 3 new North Texas stores, opening date for Allen location
(fox4news.com - 9/19/2023)Texas grocery chain H-E-B is planning to add 3 more new stores in North Texas... (full story)
Great Greek Mediterranean Grill Continues Growth Momentum
(qsrmagazine.com - 9/19/2023)The Great Greek Mediterranean Grill announced that it has achieved significant franchise development success so far in 2023 with the opening of eight new restaurants, including its first in California, and the signing of 26 new franchise agreements to develop locations in states including Florida, Texas, and Alabama. (full story)
Surf’s Up in Texas: Bad Ass Coffee of Hawaii Announces Two Signed Agreements
(franchising.com - 9/15/2023)A three-store deal has been inked for Dallas-Fort Worth and a five-unit agreement has been awarded to develop in the North San Antonio market. Texas continues to prove a hot market for the brand as expansion now surges to 24 stores in development with an additional 20 in discussion. (full story)
Scooter’s Coffee Continues Growing in Indiana
(franchising.com - 9/15/2023)The expansion into Northwest Indiana is the result of a 10-unit franchise agreement signed by John Wilson and Mark Holtkamp. (full story)
Sheetz Opens 700th Location
(cstoredecisions.com - 9/15/2023)“Driven by a mission to constantly reinvent ourselves and put the Sheetz as we know it today, out of business, I couldn’t be more excited about the future and our path to 1,000 stores.” (full story)
Wienerschnitzel Opens its Second Arkansas Location in Less Than 90-Days
(franchising.com - 9/15/2023)Tejas Dogs, the operational group based out of Texas, is carrying out the development agenda with several additional sites already approved in Arkansas. (full story)
Bonchon With New Locations in Alabama and Arizona
(franchising.com - 9/15/2023)Bonchon, today announced that five new stores in Alabama and four in Arizona are slated to open starting in 2024. Building on the momentum of 38 units signed to date this year, the brand is now setting its sights on further expansion throughout Atlanta, Chicago, and Minnesota. (full story)
Slim Chickens Inks Franchise Agreement in Michigan
(franchising.com - 9/15/2023)Slim Chickens announced today it has inked a deal to bring 14 locations to cities throughout Michigan. Nathan Finney of FHG Slims will be developing the better-chicken restaurants throughout Lansing, Grand Rapids, Kalamazoo, and more markets throughout the Great Lakes state. (full story)
PrimoHoagies focuses on Florida for franchise development
(njbiz.com - 9/15/2023)After reaching the 100-location milestone earlier this year, the fast casual says it expects to have at least 120 stores open by the end of 2023. Future restaurants include at least three more in New Jersey, including in Glassboro, Linden and Morristown. (full story)
Natural Grocers readies for slew of new store openings
(winsightgrocerybusiness.com - 9/15/2023)Later this month, the grocery retailer will open a new store in Kennewick, Washington, and in October, it will open in Twin Falls, Idaho. The Colorado-based grocer also has several new stores planned in its home state in the cities of Loveland and Gunnison. (full story)
The Cheesecake Factory Continues to Maximize Value of Fox Restaurant Concepts
(fsrmagazine.com - 9/15/2023)Of the 20 restaurant openings planned for fiscal 2023, five are for North Italia. The casual-dining concept is based in Alabama, Arizona, California, Colorado, Washington, D.C., Florida, Georgia, Kansas, North Carolina, Nevada, Pennsylvania, Texas, Tennessee, and Virginia. (full story)
True Religion opens first new store in 4 years in Atlanta
(retaildive.com - 9/15/2023)Apparel retailer True Religion opened its first new store in over four years this week. Located in Atlanta’s Cumberland Mall... (full story)
Dave's Hot Chicken Inks Development Deal with Original Franchisees
(qsrmagazine.com - 9/14/2023)fter being the first to franchise with Dave’s Hot Chicken in 2020, the group inked a twelve-unit development deal within several counties in the state of Virginia, bringing the brand’s unique take on Nashville hot chicken to more people on the East Coast. (full story)
Aldi rolls out new website, opens 2 new stores
(winsightgrocerybusiness.com - 9/14/2023)Aldi US not only launched two new brick-and-mortar stores this week, but the grocer's new website is now online... (full story)
Sweet Paris Crêperie & Café arrives in Arizona with new multi-unit agreement
(nrn.com - 9/13/2023)Sweet Paris Crêperie & Café, announced a new signed agreement that will bring three locations to the Phoenix area and one location to Fort Worth, Texas. Through a multi-unit deal with Strategic Partners, John and Sue Gilbert, Sweet Paris will open one store per year starting in 2024 and ending in 2027. (full story)
Waxing the City Adds 55 Units to Growing Development Pipeline
(finance.yahoo.com - 9/13/2023)In addition to territories sold, Waxing the City is rapidly expanding its presence with new locations. The brand is on pace to finish 2023 with 30 new studios open for business – double the amount of locations opened in 2022. (full story)
New Nordstrom Rack store to open in California, US
(retail-insight-network.com - 9/13/2023)US-based luxury department store chain Nordstrom has revealed plans to open a new Nordstrom Rack location in San Diego, California...The new store is scheduled to open in autumn 2024 and will complement the ten other store openings announced by Nordstrom... (full story)
Scooter’s Coffee Continues Growing in Idaho
(franchising.com - 9/13/2023)Scooter’s Coffee, LLC, continues its expansion throughout the United States by bringing its world-class drive-thru coffee locations to Garden City, Eagle, Meridian, Star, Kuna, and Boise, Idaho. (full story)
Daiso New Store Opening In Watauga, Texas
(prnewswire.com - 9/13/2023)John Clarke, Chief Development Officer for Daiso USA says, "Texas based Daiso customers have shown us their desire for us to have more stores within the state, influencing our immediate growth strategy in this region. We currently operate 104 units in 7 states with more states opening in 2024". (full story)
|
|
|
