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How Lululemon Will Outlast the Coronavirus
(fool.com - 3/30/2020)With 12 net new stores opened over the past three months, Lululemon now has 491 locations... (full story)
Rise Southern Biscuits & Righteous Chicken Signs Multi-Unit Franchise Amid Global Crisis
(restaurantnews.com - 3/30/2020)The nation’s fastest growing biscuits and fried chicken concept, has signed a five unit deal with franchisees Dr. Parker Simon and his partner Bradley Turney to expand “The Best Dang” fast casual concept to Tulsa, Oklahoma. With 16 locations in operation across the country, Rise has risen to the top of the pack as a franchise to watch. (full story)
GameStop Will Permanently Shut Down At Least 300 More Stores This Year
(screenrant.com - 3/27/2020)While GameStop manages to turn a fourth-quarter profit, the brand will be closing at least 320 stores in 2020, while forced closures related to COVID-19 coronavirus continue to represent a challenge for the struggling chain. (full story)
Green Thumb Industries Announces Fourth Quarter Revenue of $75.8 Million and Fourth Quarter Ad
(finance.yahoo.com - 3/26/2020)The Company opened 20 stores nationwide and ended the year with 39 retail locations, delivering on its target guidance of 35-40 stores... (full story)
Sportsman's Warehouse Holdings, Inc. Announces Fourth Quarter and Fiscal Year 2019 Financial Results
(finance.yahoo.com - 3/26/2020)The Company ended fiscal year 2019 with 103 stores in 27 states...seven new stores include two previous Gander locations, two additional Field & Stream locations, and our first small-format concept store... (full story)
Shoe Carnival Reports Fourth Quarter and Fiscal Year 2019 Financial Results
(finance.yahoo.com - 3/26/2020)The Company opened one store and closed six stores during fiscal 2019 compared to three store openings and 14 store closings in fiscal 2018... (full story)
Grocery Outlet Outlines Releases Fourth Quarter and Fiscal 2019 Financial Results
(andnowuknow.com - 3/25/2020)Grocery Outlet opened ten new stores ending the quarter with 347 stores in six states. Net income was $9.8 million compared to net loss of $4.6 million in the fourth quarter of fiscal 2018.
(full story)
Fairway Market to sell two N.J. store leases to Amazon
(supermarketnews.com - 3/25/2020)In a court-supervised asset auction, Fairway Market awarded bids for two store leases in New Jersey to Amazon and six locations in New York City to ShopRite operator Village Super Market Inc. and Key Food Cooperative member Seven Seas Georgetowne LLC.
(full story)
At Home Group Inc. Announces Fourth Quarter Fiscal 2020 Financial Results
(us.acrofan.com - 3/24/2020)The Company has opened a net 32 stores since the fourth quarter of fiscal 2019, representing a 17.8% increase... (full story)
TJX Companies Inc. Q4 2020 Earnings Call Transcript
(news.alphastreet.com - 3/24/2020)In 2019, we added 223 net stores. And over the past five years, we have opened more than 1,100 stores... (full story)
A First Look at Legal Issues in Leases, Thanks to Coronavirus
(commercialobserver.com - 3/21/2020)Property owners and tenants have been calling their lawyers with lots of questions about today’s global pandemic. Here is a quick overview of many of those questions, and the answers we are generally giving. (full story)
Parent Of Logan's And Old Chicago 'Mothballs' All 261 Of Its Restaurants
(restaurantbusinessonline.com - 3/21/2020)The parent of the Logan’s Roadhouse and Old Chicago casual chains said it is “mothballing” all 261 of its restaurants after a lender withdrew financing to keep the bankrupt company in operation until it could emerge from Chapter 11 protection. (full story)
Duluth Trading Slows Growth Plans To Absorb Coronavirus
(sgbonline.com - 3/20/2020)For the year, the company opened 15 retail stores to end with a total of 61...Dave Loretta, SVP and CFO, said the company has five new stores planned in 2020, including four with signed leases... (full story)
RTW Retailwinds Q4 comparable sales down 7.4 percent, names new CEO
(fashionunited.com - 3/20/2020)“We were disappointed with our fourth quarter and fiscal 2019 performance stemming from declines in store traffic and continued weakness in our casual lifestyle sub-brand. We are announcing our plan to permanently close up to 150 locations in the next 18 months as part of our transformation to a digital first portfolio of brands.” (full story)
Restructuring Your Commercial Lease in Times of Crisis
(modernrestaurantmanagement.com - 3/20/2020)A lease extension can help compensate your landlord for the leniency they grant you. It can also be beneficial to your business; if you were pleased with your location and planned to renew in the future, you can view this as a win-win scenario.
(full story)
Casey's: Attractive In The Long Run
(seekingalpha.com - 3/20/2020)In the fiscal year 2020, the company remains on track to open 60 new stores, while acquiring 20 stores, just below the number of 25 originally planned... (full story)
Five Below, Inc. Announces Fourth Quarter and Fiscal 2019 Financial Results
(finance.yahoo.com - 3/18/2020)The Company opened 6 new stores and ended the quarter with 900 stores in 36 states... (full story)
My Favorite Muffin Seeks Franchise Partners in Tampa Bay
(patch.com - 3/18/2020)"Within the next two years, we plan to bring three franchise locations to the area. We are currently looking to find qualified franchise partners with us in areas such as St. Petersburg, Pinellas Park, Clearwater, Temple Terrace and Lakeland" said Evans. (full story)
Pigtails & Crewcuts Targets Southeastern States For New Development
(franchising.com - 3/17/2020)“With 67 Pigtails & Crewcuts franchises already operating in 24 states, and plans to open 15 additional units along with some of the 65 in development by the end of 2020, we are confident Pigtails & Crewcuts will be 100 salons strong by the start of 2021.” (full story)
Zumiez Uncertain How Social Distancing Will Impact Sales
(sgbonline.com - 3/17/2020)Zumiez currently intends to open approximately 20 new stores in fiscal 2020, including up to 8 stores in North America... (full story)
More Bravo Stores Planned for Florida’s Southern Half
(theshelbyreport.com - 3/16/2020)The expansion will continue in 2020. Wallin said he is looking for three or four more stores in the southern half of Florida within the next six to nine months, but he declined to reveal where for competitive reasons. (full story)
Kiddie Academy brings child care to Crown Point and Munster
(nwitimes.com - 3/15/2020)Kiddie Academy, an educational child care chain, recently opened in Crown Point and hopes to come to Munster later this year. Enter Rahul Patel, a local franchisee who said he might open up to three locations in the Region.
(full story)
Why BJ's Wholesale Club Thinks Growth Will Speed Back Up
(fool.com - 3/14/2020)It is planning to open two new stores over the next few months, in fact, with one landing in Pensacola, Florida, and another launching in Chesterfield, Michigan... (full story)
Citi Trends Announces Fourth Quarter & Full Year 2019 Results
(valdostadailytimes.com - 3/13/2020)In fiscal 2019, Citi Trends opened 16 new stores; remodeled, relocated or expanded 25 stores; and closed 7 stores... (full story)
Omnichannel helps boost Ulta’s ecommerce nearly 30% in 2019
(digitalcommerce360.com - 3/13/2020)Ulta Beauty Inc. grew its online sales 20-30% for the full fiscal year 2019 ended Feb. 1...It opened up 86 new stores, remodeled 12 stores, relocated eight and refreshed 240 stores... (full story)
Jimmy’s Egg Franchise Group Opens Second Lubbock Locale
(connect.media - 3/13/2020)The ownership company is a joint venture between Klepper Capital Group LLC and JEDI LLC. The restaurant concept, which was founded in 2008, began franchising operations in 2008, and expects to open up to eight new restaurants in 2020 in Kansas, Oklahoma, Tennessee and Texas. (full story)
Del Taco Restaurants, Inc. Reports Fiscal Fourth Quarter and Fiscal Year 2019 Financial Results
(restaurantnewsresource.com - 3/13/2020)15 to 20 gross system-wide new unit openings, including 5 company-operated restaurants, and an estimated 1% system-wide closure rate; and net capital expenditures between $33 million to $38 million. (full story)
Gardiner Wolf Furniture to close seven Maryland stores
(baltimoresun.com - 3/13/2020)The Maryland stores will be liquidated, along with stores in Virginia, Michigan, Illinois, Indiana, Missouri and Ohio, after the retailers’ parent company, Art Van Furniture, filed for Chapter 11 bankruptcy protection in a Delaware District Court on March 8. (full story)
Neiman Marcus is closing down its Last Call business to focus on full-price luxury selling
(dallasnews.com - 3/11/2020)Neiman Marcus is shutting down its Last Call off-price chain, putting two of its Texas distribution centers up for sale, combining store and online staffs and eliminating and redefining some store jobs. (full story)
Experiential Retail Reigns in 2020
(cpexecutive.com - 3/11/2020)Surprisingly, shopping malls that were thought to be on the road to extinction helped buoy the numbers, according to JLL’s latest report. (full story)
Jersey Mike’s Subs Expanding Across the DMV
(qsrmagazine.com - 3/11/2020)In total, KLNB has closed 17 deals for Jersey Mike’s across the DMV over the past 18 months, for a total of nearly 27,000 square feet and a lease volume of $10.46 million. KLNB has a long-standing partnership with Jersey Mike’s and has represented the company’s real estate interests throughout the DMV for eight years. (full story)
Modell’s Sporting Goods files for bankruptcy; to liquidate
(chainstoreage.com - 3/11/2020)Modell’s, in partnership with Tiger Capital Group, will initiate store-closing liquidation sales beginning March 13. Online sales will continue during the process. (full story)
Harps to Buy 20 Town and Country Stores
(winsightgrocerybusiness.com - 3/11/2020)“Opportunities like this are rare,” said Harps President and CEO Kim Eskew in a statement. “We are extremely excited about adding these stores to our Harps family. They will make a great addition to our company as we strive to continue to grow.” (full story)
Leader in Better-Chicken Segment Opens New Location in Aurora, Colorado
(franchising.com - 3/11/2020)LOVE Restaurant Group’s agreement with the fast casual brand covers all of Utah and Colorado, with all 30 restaurants planned for build-out over the next 10 years. Development is already underway in Centennial, Colorado Springs and Parker, Colorado as well as Lehi, Utah. These locations are slated to open in 2020. (full story)
RockBox Fitness Swings into Columbus
(franchising.com - 3/11/2020)RockBox Fitness – a state-of-the-art fitness franchise that combines boxing, kickboxing, and functional training into high-energy group workouts – has announced plans for the development of six studios in Columbus, Ohio. (full story)
Fashion retail chain Ross Stores opened 26 new stores so far this year
(retail-insight-network.com - 3/10/2020)US-based off-price apparel and home fashion chain Ross Stores has opened 19 Ross Dress for Less and seven dd’s Discounts stores across nine US states in February and March... (full story)
T.J. Maxx company will add Sierra stores in Roseville, Eden Prairie, Burnsville
(startribune.com - 3/10/2020)TJX Cos. will open Sierra stores in Eden Prairie, Roseville and Burnsville within several months. The company currently operates 45 Sierra stores in the U.S., with plans to open 10 more this year. (full story)
Casey's General Stores Inc Q3 2020 Earnings Call Transcript
(fool.com - 3/10/2020)Through the third quarter, we have opened 50 new stores, acquired 10 stores and have 11 additional stores under agreement to purchase... (full story)
CVS to acquire Schnucks' pharmacy business
(grocerydive.com - 3/10/2020)The acquired Schnucks locations will all be rebranded under CVS Pharmacy, with in-store changes taking place over several months following the closing of the transaction. The 11 Schnucks pharmacies transferring files to CVS will close, the St. Louis Business Journal reported. (full story)
Chuy’s Holdings, Inc. Announces Fourth Quarter and Fiscal Year 2019 Financial Results
(restaurantnewsresource.com - 3/9/2020)"We successfully opened six new restaurants in 2019 as we focused on in-filling our existing markets. For 2020, we will continue to balance new unit growth with initiatives to drive sales and improve restaurant profitability. To that end, we expect to open five to seven restaurants during 2020." (full story)
Bridgestone Will Open 50 New Retail Stores in 2020
(moderntiredealer.com - 3/9/2020)Bridgestone says it expects to open 50 new stores in 2020 — and 20 of those locations are scheduled to open before the end of March... (full story)
Slapfish Debuts First Stand-Alone Location in South Carolina
(qsrmagazine.com - 3/9/2020)In partnering with Slapfish, the Lomasneys plan to open six additional locations in South Carolina and Georgia over the next five years, and one per year after that. (full story)
Bridgestone Will Open 50 New Retail Stores in 2020
(moderntiredealer.com - 3/9/2020)Bridgestone Retail Operations LLC says 2019 was a "record year" for the tiremaker's company-owned stores, with 36 new-store openings. And the plan for 2020 is to top that benchmark. Bridgestone says it expects to open 50 new stores in 2020 — and 20 of those locations are scheduled to open before the end of March. (full story)
New York gym chain has big plans for Denver, but is there enough room for it to bulk up?
(denverpost.com - 3/7/2020)A New York City gym chain is looking to get physical in the Denver metro area, aiming to open more than a dozen locations over the next eight years. (full story)
US Foods Acquires Foodservice Warehouse Stores
(delimarketnews.com - 3/6/2020)Smart Foodservice operates 70 small-format cash and carry stores across California, Washington, Oregon, Idaho, Nevada, Utah, and Montana that serve small and mid-sized restaurants and other food business customers with a broad assortment of products. (full story)
El Pollo Loco sales and traffic growth tied to curated delivery menu
(nrn.com - 3/6/2020)“Work on our new restaurant of the future design continues to progress well and we are very excited by what it can do for our brand,” CEO Bernard Acoca said. “We expect to complete three or four new image remodels by mid-year. If all goes as expected, all new builds and remodels will use the new design starting the second half of this year.” (full story)
Home Outlet opens first Dayton area store
(daytondailynews.com - 3/6/2020)Laurence said after a lot of thoughtful research, Dayton “presented as an excellent option for the first of five new store locations in 2020.”“Within the last year, we have opened new locations in Arkansas and Florida. We are excited to now expand upon our existing footprint here in Ohio.” (full story)
Tropical Smoothie Prioritizes Franchisees to Inspire Growth
(qsrmagazine.com - 3/6/2020)Watson noted that 36 have already been signed, a number that was whittled down from more than twice as many choices to ensure high-quality growth. Tropical Smoothie is targeting markets like Chicago; Kansas City, Missouri; Indianapolis; Houston; Dallas; and Columbus, Ohio.
(full story)
Burlington Stores banks on bricks for growth
(hometextilestoday.com - 3/6/2020)The company plans to open 54 net new stores and invest approximately $400 million in capital expenditures net of landlord allowances this new fiscal year... (full story)
American Eagle Outfitters to accelerate Aerie growth
(chainstoreage.com - 3/6/2020)American Eagle intends to build on the brand’s growing momentum. It intends to accelerate the growth of Aerie in 2020, opening 60 to 70 stores, with a heavy emphasis on stand-alone locations. (full story)
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