Retail Profile Update
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Economic Notes: Brick-and-mortar retail not dead yet
(dailyrepublic.com - 8/19/2018)Forward-thinking property owners from regional malls to neighborhood shopping centers across the country are working to create this “sense of place” and introduce a mix of new uses and amenities to the modern consumer. (full story)
CAVA to acquire Zoe's Kitchen for $300 million
(reuters.com - 8/17/2018)The combination of CAVA with Zoe’s will create the largest restaurant operator in the Mediterranean category, set to be further bolstered by operational investments. (full story)
During visit to Columbus, Mark Wahlberg says he's bringing Wahlburgers to Central Ohio
(nbc4i.com - 8/15/2018)Actor Mark Wahlberg says his team is looking for locations to bring a Wahlburgers here to Central Ohio. (full story)
Chili's Gets its Mojo Back
(foodnewsfeed.com - 8/15/2018)... One aspect of this is a reimage program that just completed its first market. The average cost per restaurant is $210,000–$230,000, and Chili’s is scheduled to complete 250 restaurants by the end of the fiscal year. It’s expected to take place over the course of three fiscal calendars ... (full story)
Marijuana-themed sandwich chain eyes Milwaukee for expansion
(bizjournals.com - 8/14/2018)A marijuana-themed restaurant chain wants to expand its Wisconsin footprint with a new shop in the Milwaukee region. Cheba Hut, a Colorado-based business, serves a menu of ... (full story)
Two former Long Islanders return to expand restaurant chain
(libn.com - 8/14/2018)The Commack location is corporate owned, but Burchill and Maynard are hoping it will showcase the concept for prospective franchisees and eventually expand the chain to 15 or 20 restaurants throughout the Long Island market. (full story)
Planet Fitness reports a very healthy 2nd quarter
(nhbr.com - 8/14/2018)Planet Fitness opened a total of 44 new gyms in the second quarter ending June 30, a total of more than 200 since last year... (full story)
McDonald's to spend $6 billion on nationwide restaurant makeovers
(cnbc.com - 8/14/2018)McDonald's announced the company and its franchisees are investing $6 billion on the construction and modernization of most of its restaurants by 2020. (full story)
Noon Mediterranean Files For Bankruptcy
(restaurantbusinessonline.com - 8/14/2018)Under its reorganization, the restaurant chain recently shuttered seven units and has laid off 89 employees, including 10 in the corporate office, according to Noon's initial bankruptcy petition. (full story)
Famous Dave's Cooks Up Another BBQ Concept
(foodnewsfeed.com - 8/14/2018)Famous Dave’s popped the lid on the upcoming brand Monday afternoon. The restaurant, called Clark Crew BBQ, will open in Oklahoma City in early 2019, with plans to ... (full story)
Applegreen Acquires 7 More C-Stores
(cspdailynews.com - 8/13/2018)In addition to its petroleum marketing and c-store business, Carolina Convenience also operates several Hardee’s restaurants in the Columbia market that were not included in the sale to Applegreen. After nearly 37 years of operation, it is divesting substantially all of its c-store and petroleum marketing business to focus on the operation of its Hardee’s restaurants and other business ventures. (full story)
Farmer-Owned Restaurant Group Contemplates Boston Expansion
(boston.eater.com - 8/13/2018)A farmer-owned group of restaurants based near Washington, D.C., could one day expand north to the Boston area. Founding Farmers, a company that is majority-owned by more than 47,000 farmers, is looking for real estate in Boston ... (full story)
Wayback Burgers Celebrates Fantastic Summer with More New Store Openings, Master Agreements
(franchising.com - 8/13/2018)Q3 already has the makings of another successful quarter for Wayback Burgers. Seven additional restaurants are scheduled to open coast-to-coast, including Irving, Texas; Milford, Delaware; Reno, Nevada; Pottstown, Pennsylvania; Tulare, California; Atlanta, Georgia and Secaucus, New Jersey. (full story)
Retail sales in 2018 could climb higher than forecast, the National Retail Federation says
(cnbc.com - 8/13/2018)Retail sales in 2018 are now forecast to climb higher than what had been expected thanks to U.S. tax reform and other upbeat economic indicators, according to an industry trade organization. (full story)
Dunkin' Sprints Into the Future
(qsrmagazine.com - 8/13/2018)Dunkin’ plans on developing roughly 50 NextGen stores across the U.S. over the course of 2018. In the meantime, though, various Dunkin’ franchisees have deferred restaurant remodels in the short-term in order to convert their restaurants to the new design. (full story)
Just Cabinets closing stores
(cpbj.com - 8/10/2018)Just Cabinets Furniture & More, a Dauphin County-based chain with 11 stores, including four in Central Pennsylvania, is in the process of liquidating stores. (full story)
Sleeping and high-tech? Minnesota mattress company mixes it up in Manhattan
(bizjournals.com - 8/10/2018)The Manhattan store is just one of more than two dozen stores the company said it intends on having in the New York market by the end of the year. The company also said it plans on adding 40 stores nationally and intends to step up its marketing as a result of a partnership with the National Football League. (full story)
Big-Box Retailers Come Up with Small Concepts to Grow in a Changed Landscape
(nreionline.com - 8/10/2018)The industry is seeing a shift in big retailers’ brick-and-mortar strategies as they experiment with different store formats. (full story)
Isodiol expands with Kure retail stores in Arizona
(azbigmedia.com - 8/10/2018)Isodiol International Inc., a global CBD innovator and market leader, announces its retail division, KURE , will begin its first phase of expansion on the west coast with the opening of seven locations in the Greater Phoenix market which are anticipated to grand open in the middle of September. (full story)
Primo Hoagies Signs Development Deal for Atlanta Area
(qsrmagazine.com - 8/10/2018)... plans to open his Primo Hoagies location in Atlanta in the fall of 2018. The new hoagie franchise location will be the first Primo Hoagies in Georgia and will be the first of three units ... (full story)
The Lost Cajun Bringing Authentic Cajun Flavor to Keller, Texas
(franchising.com - 8/10/2018)The Lost Cajun expects to develop 5-6 restaurants throughout the Northern Fort Worth suburbs over the next few years. (full story)
Jack In The Box Inc. Reports Third Quarter Fy 2018 Earnings
(franchising.com - 8/9/2018)The company expects at least 80 percent of the system to have significant upgrades to the drive-thru experience or to be remodeled by the end of fiscal 2021. (full story)
Rachel’s Kitchen Bolsters Executive Team with Hiring of Pat Hiller as VP of Franchise Development
(franchising.com - 8/9/2018)Today, the brand has eight locations across Las Vegas, including a covet spot at the McCarran International Airport. According to Hiller, the brand expects to open five locations within the next 24 months and plans to enter additional regional markets, specifically targeting Reno, Phoenix and Salt Lake City. (full story)
Eat The Frog Fitness Gains Strength with Growth in Canada
(mysuncoast.com - 8/9/2018)Eat the Frog Fitness is expanding to Canada, making the franchise company an international brand. Eat The Frog Fitness signed an agreement with Canadian partners for the British Columbia territory with 11 locations that includes ... (full story)
Largest Fast Lube Provider Continues to Expand Footprint
(markets.businessinsider.com - 8/9/2018)Jiffy Lube, the industry leader in the fast lube category, continues its focus on expanding the brand's footprint. With more than 2,081 franchise-owned service centers across North America, the automotive maintenance provider has opened 45 new Jiffy Lube service centers in the U.S. since January 2017, expanding into ... (full story)
Captain D's continues Missouri expansion
(fastcasual.com - 8/9/2018)Throughout the past year, Captain D's has opened more than 15 locations and inked numerous development agreements to open restaurants in key markets, including Michigan, Ohio, Texas and Georgia. (full story)
Jack in the Box to spend up to $45 million to enhance drive-thru lanes, remodels
(nrn.com - 8/9/2018)... the San Diego-based chain said it would spend up to $45 million over the next three years to enhance its drive-thru lanes by adding digital menu boards and tablet-holding order-takers similar to ... (full story)
Zoup! Opens First Minnesota Location in Eagan
(qsrmagazine.com - 8/9/2018)Zoup! is officially open for business in Eagan. The fast casual restaurant chain known for its award-winning soups and made-to-order salads and sandwiches opened its first Minnesota location ... (full story)
Toppers is Talking Smack and Making Pizza, and Won't Stop Doing Either
(qsrmagazine.com - 8/9/2018)The 27-year-old Toppers chain now totals 81 units located mostly in the Midwest—there are 36 alone in their home base of Wisconsin—and by 2023 plans to expand up to 250 units, which would inch the company closer ... (full story)
As Casual Dining Evolves and Elevates, So Does Boston's
(foodnewsfeed.com - 8/9/2018)... decision to closer align with its Canadian powerhouse counterpart. Boston’s closed out 2017 with 33 franchise agreements signed, and a path to more than double its national footprint. (full story)
No Matter How Big it Gets, Bartaco Won't Stray from its Roots
(foodnewsfeed.com - 8/9/2018)Although the unit count was only 16 at the time of the announcement—with 30 approved sites over both Barteca brands—Del Frisco’s estimates the total market potential for bartaco to be upward of 300 restaurants domestically. (full story)
Albertsons, Rite Aid Terminate Merger Agreement
(winsightgrocerybusiness.com - 8/8/2018)Under the terms of the merger agreement, neither Rite Aid nor Albertsons will be responsible for any payments to the other party as a result of the termination of the merger agreement. (full story)
Samuels Jewelers Files for Chapter 11 Due to Owner’s Issues
(jckonline.com - 8/8/2018)CEO Farhad Wadia says the 120-store chain, which has roots dating back to 1891, is now for sale and is talking to several interested parties. (full story)
The Hummus & Pita Co kicking off national expansion with Connecticut opening
(fastcasual.com - 8/8/2018)The brand's newest outpost, located at 15 Federal Rd., is part of a multi-unit, statewide franchise deal...Units will open by the end of the year in Detroit, Denver and Bellworks, New Jersey... (full story)
Cold Stone Creamery Celebrates 30th Anniversary With Opening Of 30 Stores In 2018
(restaurantnewsresource.com - 8/7/2018)In 1988, Cold Stone Creamery opened its first location in Tempe, Arizona, and will be rolling out 30 new stores domestically ... (full story)
Boot Barn Posts Double-Digit Income, Revenue Growth In Q2
(sgbonline.com - 8/7/2018)Highlights for the quarter ended June 30, 2018...Added 6 stores through new openings and acquisitions... (full story)
Parent of U.S. discounter Fallas files bankruptcy, to close some stores
(reuters.com - 8/6/2018)National Stores Inc, which operates the Fallas, Factory 2-U and other discount apparel and housewares stores, on Monday filed for Chapter 11 bankruptcy. The family-owned company founded in 1962 plans to close 74 of its 344 stores, which now employ more than 9,800 people in 22 U.S. states and Puerto Rico. (full story)
Real Mex again files for bankruptcy protection
(nrn.com - 8/6/2018)Real Mex Restaurants, whose core brands are Chevys, Acapulco and El Torito, has filed for Chapter 11 bankruptcy protection, the company announced Monday. (full story)
Runway is Clear for Wingstop's Takeoff
(qsrmagazine.com - 8/6/2018)Wingstop has noted before that it wants to open 2,500-plus domestic units in time. Morrison said existing franchisees are making up 80 percent of the pipeline for new unit development. The chain achieved ... (full story)
Denny's Shifts Course as Value Wars Heat Up
(foodnewsfeed.com - 8/6/2018)Denny’s said it now expects to open 35–45 restaurants this year, down from the 40–50 it forecasted earlier. And overall, Denny’s predicts to end 2018 with five–10 ... (full story)
Cousins Subs will open 40 locations in Chicago area, three this year
(chicagotribune.com - 8/6/2018)The Illinois expansion marks a new chapter for Cousins, which has 98 locations in Wisconsin. Now, the company plans to grow again — into the Chicago market and then, eventually, other Midwestern states, including Indiana and Missouri. (full story)
Natural Grocers leverages education into growth
(retailleader.com - 8/6/2018)During an earnings call presentation, Natural Grocers says it is working toward a footprint of 1,100 stores across the United States. It currently has 147 stores in 19 states. (full story)
Club Pilates Debuts in Canadian Market; Announces First International Studios
(franchising.com - 8/6/2018)Following its rapid growth in the United States, Club Pilates, the world’s largest Pilates franchise, announced today its first international studio development in Canada. With the boutique fitness trend rapidly gaining popularity in the country, it is the perfect time to introduce a low impact niche fitness concept where consumers can feel benefits to both mind and body. The Canadian expansion will ... (full story)
Mexican restaurant chain Moe’s looks to expand its footprint in the region
(dailylocal.com - 8/3/2018)Moe’s Southwest Grill, said the company will be expanding its footprint in Pennsylvania as it pushes closer to center city Philadelphia. Among the planned locations for regional expansion are ... (full story)
Bojangles' adjusts guidance after rough Q2
(qsrweb.com - 8/3/2018)Bojangles' has updated its annual outlook ... opening of 18 to 22 system-wide restaurants (previously 30 to 40) ... (full story)
El Pollo Loco Q2 Earnings & Revenues Meet Estimates
(nasdaq.com - 8/3/2018)The company plans to open 7-8 company-owned and 8-10 new franchised restaurants in the current year. (full story)
Sally Beauty closing stores, launching click and collect
(retailleader.com - 8/3/2018) Sally Beauty plans to close as many as 100 stores and launch click and collect as part of its long-term transformation strategy. (full story)
Former Darden Restaurants Unit Buys 48 Chili's Restaurants
(costar.com - 8/3/2018)Four Corners Property Trust agreed to buy as many as 48 corporate-run Chili's restaurants for $155.7 million. The properties are located in 15 states, with the two largest concentrations in Florida with 14 properties and Texas with 13 sites. (full story)
New GreenWise Market to Open in Boca Raton
(mysuncoast.com - 8/3/2018)Additional locations are expected to open next year in Mount Pleasant, South Carolina, and Lakeland, Florida. The company continues to look for additional GreenWise Market locations throughout its operating area. (full story)
Taco Bell Announces Major Expansion of Cantinas and NYC Restaurants
(delish.com - 8/3/2018)Taco Bell is getting a makeover, and it's celebrating the occasion with a whole bunch of new stores. Before 2018 ends, there will be 100 more restaurants in the U.S., and by 2022, there will be another 1,000. (full story)
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