- Jack in the Box Inc. Reports Third Quarter 2022 Earnings
(businesswire.com - 8/10/2022) As of the third quarter, and since the launch of the development program in mid-2021, the Company currently has 62 signed agreements for a total of 233 restaurants. Under these agreements, 13 restaurants have opened, leaving 220 remaining for future development. (full story)
- Slim Chickens is coming to the Indianapolis area. Here's what you need to know
(indystar.com - 8/9/2022) Franchisee PrimeStar Restaurant Group will open about 40 units across the state, the first being in West Lafayette in early November. Several stores will be in the Indianapolis area, including one in the Traders Point neighborhood in January 2023. (full story)
- QDOBA to be Purchased by Parent of Modern Market Eatery
(qsrmagazine.com - 8/9/2022) Butterfly Equity, a Los Angeles-based private equity firm, announced Tuesday an agreement to purchase QDOBA, the country's largest franchisor in the Mexican fast casual segment. (full story)
- MTY Food Group to Buy Famous Dave's Parent for $200M
(fsrmagazine.com - 8/9/2022) BBQ Holdings has expanded to nine casual and fast-casual restaurants through a series of M&A moves in recent years. The portfolio now includes Famous Dave's, Village Inn, Granite City, Bakers Square, Real Urban BBQ, Tahoe Joe's, Barrio Queen, Craft Republic Bar & Grill, and Champps Kitchen + Bar. (full story)
- Parent company of Zales buys digitally native Blue Nile
(chainstoreage.com - 8/9/2022) "By joining Signet, we will extend our premium brand and fine jewelry offering to millions of new customers while bringing new capabilities to our leading e-commerce business that will drive additional growth opportunities for Blue Nile," said Sean Kell, CEO of Blue Nile. (full story)
- Primark continues expansion into new states; announces price freeze
(chainstoreage.com - 8/9/2022) Primark’s newly announced stores will see the brand open its first-ever locations in Maryland and North Carolina, as part of its goal to hit 60 stores in the U.S. by the end of 2026, up from 13 today. (full story)
- Scooter's Coffee Announces Expansion in Southeast Illinois
(qsrmagazine.com - 8/9/2022) The expansion into Southeast Illinois is the result of franchise agreements signed by Matt and Angela Kade of Elkhorn, Nebraska. (full story)
- How Famous Toastery is Investing in Its Corporate Team to Support Franchise Growth
(1851franchise.com - 8/9/2022) Famous Toastery, the 26-unit breakfast, brunch and lunch franchise, is experiencing major growth this year as it aims to open 50 units — practically doubling its current footprint — by 2024. (full story)
- Westside Pizza focuses on fresh food, franchising
(pizzamarketplace.com - 8/8/2022) The company is looking to expand in the Western third of the U.S. Roberts said Westside Pizza isn't interested in expanding to the East Coast yet. They're looking at western Montana, Oregon, Colorado, Nevada and Arizona. (full story)
- TravelCenters Boosts Earnings Despite Challenging Environment
(csnews.com - 8/8/2022) It has also entered into 50 TravelCenters franchise agreements since the start of 2022, one of which began operations during the second quarter. TA expects to open 40 of these locations between now and the third quarter of 2024. Its goal is to open 30 such sites annually. (full story)
- Amazon expands cashierless grocery format in California
(chainstoreage.com - 8/8/2022) The retail giant has opened its 40th Amazon Fresh store, in Thousand Oaks, Calif. The approximately 33,000-sq.-ft. store is the 17th Amazon Fresh location in California. Its opening came a couple of weeks after the launch of new Amazon Fresh stores in Paramus, N.J., and Encino, Calif.
(full story)
- STK, Kona Grill Use Value to Drive Industry-Leading Results
(fsrmagazine.com - 8/8/2022) In the remaining months of 2022, The ONE Group plans to open two corporate STK restaurants and three corporate Kona stores. The company believes there’s room for 200 STK units globally and 200 Kona outlets in the U.S. (full story)
- Curaleaf Reports Second Quarter 2022 Results
(prnewswire.com - 8/8/2022) Added seven new retail dispensaries, closing the quarter with 135 total locations, and serviced nearly 2,200 wholesale partner accounts... (full story)
- Allbirds Reports Second Quarter 2022 Financial Results
(globenewswire.com - 8/8/2022) U.S. physical retail channel sales grew nearly 120% compared to 2021; opened five stores in the United States during the quarter and nine since the end of 2021, ending the period with 32 locations in the United States... (full story)
- Yesway Opening C-Stores at ‘Furious Pace’
(cspdailynews.com - 8/8/2022) Yesway has opened four new-to-industry Allsup’s-branded locations as the retailer continues its “furious pace” of growth in 2022, opening a total of 30 NTI and relocated convenience stores to date. (full story)
- The Camp Transformation Center Announces Two New Locations in California
(franchising.com - 8/5/2022) “We are so appreciative of multi-unit franchisees like Felix,” says Alejandra Font, Co-Founder of The Camp Transformation Center. “He is helping transform lives across California and in Florida, as well as bringing attention to our brand.” (full story)
- Vitality Bowls Expands to Modesto, California
(qsrmagazine.com - 8/5/2022) Vitality Bowls, has announced a signed agreement with local entrepreneurs, Silvana and Reter Robin, to open the renowned superfood café in Modesto. Following the first Vitality Bowls opening, Silvana and Reter hope to continue on to other locations. (full story)
- Sweetgreen Expands Midwest Footprint With First Opening in Michigan
(ca.finance.yahoo.com - 8/5/2022) The Birmingham opening will be followed by two additional Michigan restaurants – in Ann Arbor on the University of Michigan campus, and in Troy, both slated to open this fall. (full story)
- iCRYO Inks Deal for 6 New Locations in North Carolina
(franchising.com - 8/5/2022) Behind the franchise agreement are Raleigh, North Carolina franchisees and iCRYO equity partners Joseph Pepe, Sr. and Matthew Pepe, a father-son team that have expanded to two locations already in ‘the Triangle’, the area of Central North Carolina that is made up of Chapel Hill, Durham, and Raleigh. (full story)
- Cinnaholic to Adds Seven Stores in Texas
(qsrmagazine.com - 8/5/2022) As Cinnaholic sets its sights on continued growth in 2022, it seeks out qualified single-unit and multi-unit investors with the goal of expanding to Florida, Ohio, New York and Northern Virginia. The flexible business model works well in upscale lifestyle centers, major city centers and near college campuses. (full story)
- Mighty Quinn’s Opening in Hoboken on August 5
(qsrmagazine.com - 8/5/2022) Mighty Quinn's was founded at the Brooklyn Smorgasburg in 2011 and has since expanded to 14 locations up and down the East Coast. The brand’s expansion plans include four additional openings by the end of 2022. (full story)
- Slim Chickens Announces New Store in Mankato
(qsrmagazine.com - 8/5/2022) Letnes Restaurant Group is spearheading the better-chicken brand’s first Minnesota restaurant. This location marks the first of 13 Slims Chickens restaurants for the group as part of their multi-unit agreement to expand the brand across Minnesota. (full story)
- Robeks Opens Three New Locations in California and New York In August
(franchising.com - 8/5/2022) Robeks has been aggressively and strategically growing in new markets and backfilling existing markets where consumers crave their fresh, made to order smoothies, juices, acai bowls, and premium toasts. Recently the company opened the first Colorado store in greater Denver and the sixth location in Arizona. (full story)
- Rise Southern Biscuits & Righteous Chicken Opens First West Coast Restaurant in California
(restaurantnewsrelease.com - 8/5/2022) The first California store, located in the Conejo Valley Plaza shopping center is the first of five locations that experienced franchisee Bill Propster has planned as part of his franchise agreement with Rise. Propster, a former Domino’s franchisee, plans to open additional locations in Santa Clarita and parts of the San Fernando Valley. (full story)
- Natural Grocers by Vitamin Cottage Announces Third Quarter Fiscal 2022 Results
(prnewswire.com - 8/4/2022) During the third quarter of fiscal 2022 the Company opened one new store in Colorado, ending the quarter with 162 stores in 20 states. Since June 30, 2022, the Company opened one new store in South Dakota. As of August 4, 2022, the Company has signed leases for an additional five new stores planned to open in fiscal years 2022... (full story)
- FullSpeed Automotive Accelerates Growth With Kwik Kar Acquisition
(franchisetimes.com - 8/3/2022) After purchasing dozens of Kwik Kar units in the last couple of years, FullSpeed Automotive has taken the next step in its growth plan, acquiring the oil change brand as a whole. (full story)
- Denny's to Lift Keke's Breakfast Café into Unprecedented Growth
(fsrmagazine.com - 8/3/2022) Verostek estimated that Keke’s opened four to six units on average in recent years. The brand did so from 2016 to 2021, and doubled its unit count from 26 to 52. Denny’s plan is to take a more sophisticated approach and accelerate the annual pace. That will happen with existing franchisees from both brands and operators outside the system. (full story)
- Tropical Smoothie Cafe announced for Sand Springs
(tulsaworld.com - 8/3/2022) DYNE owns 91 Tropical Smoothie Cafes spanning six states — Oklahoma, Texas, Arkansas, Alabama, Florida and Georgia — and has plans to open at least 12 new cafes in 2023. (full story)
- Verlo Mattress Coming to Boston Area
(einnews.com - 8/3/2022) Verlo Mattress currently has 34 stores in seven states. The Boston franchise will be the first in the Northeast, bringing the fast-growing Verlo Mattress to its eighth state. Verlo Mattress has already awarded 14 new franchises in the past year. (full story)
- Seafood Boil Franchise Is Replacing a Local Barbecue Restaurant at Atlantic Station
(atlanta.eater.com - 8/3/2022) Angry Crab Shack includes multiple locations throughout Arizona, Alabama, Texas, and Nevada, with new locations opening in Georgia, Utah, and Washington and in the aforementioned states. (full story)
- Chicken Salad Chick Signs 3-Unit Deal in Greater Chicagoland Area
(qsrmagazine.com - 8/3/2022) This multi-unit agreement is fueled by Kim and Garrett Seaman, a local family dedicated to sharing the Chicken Salad Chick brand with their community. The signed agreement is for three locations that will span from the Fox Valley to Wheaton areas, with the first location targeted to open in Batavia at 220 N Randall Rd. by Q4 2022. (full story)
- Sprouts Farmers Market, Inc. Reports Second Quarter 2022 Results
(yahoo.com - 8/3/2022) Opened 2 new stores and closed 3 stores due to lease expirations, resulting in 378 stores in 23 states as of July 3, 2022... (full story)
- Ollie’s celebrates milestone store opening, now nearly 50% toward goal
(hometextilestoday.com - 8/3/2022) The new store, located in Overland Park, is the company’s 450th location. The closeout retail chain has mapped out a long-term goal of 1,050 U.S. locations and is opening 50-55 units each year. (full story)
- Celebree School Announces Multi-Unit Houston Agreement
(franchising.com - 8/3/2022) Site selection in the greater Houston market is underway as the first school aims to open late 2023.
Behind the multi-unit agreement are husband-and-wife franchisees, Salma and Irfan Tejani. (full story)
- Scooter’s Coffee Continues Growing Colorado
(franchising.com - 8/2/2022) Midwest-based drive-thru coffee franchise that is experiencing record-breaking growth, is bringing its world-class drive-thru coffee locations to Golden, and Erie, Colorado. The expansion into the Denver suburbs is the result of a three-unit franchise agreement signed by Nick Pollard and Mike Myers.
(full story)
- Fat Brands plans to open 900 new restaurants in 5 years
(restaurantdive.com - 8/2/2022) During the second quarter, Fat Brands opened 26 restaurants, bringing its year-to-date total to 60 units, with plans to reach 110 to 120 new units by year’s end, Wiederhorn said. (full story)
- Mall owners say retailers are still opening stores in spite of recession fears
(cnbc.com - 8/2/2022) Retailers in the U.S. have announced 4,432 store openings so far this year, compared with 1,954 store closings, according to data from Coresight Research. (full story)
- Altitude Trampoline Park Fast-tracks Growth With Three New Park Openings in 10 Days
(franchising.com - 8/2/2022) Altitude Trampoline Park is targeting markets throughout the country to further increase the brand’s national footprint, with specific priority for new locations in Missouri, Minnesota, Iowa, Indiana, Michigan, Oklahoma, Virginia and more. (full story)
- Smoker Friendly Acquires Tobacco Superstores
(cstoredecisions.com - 8/2/2022) The Cigarette Store LLC dba Smoker Friendly has acquired Forrest City, Ark.-based Tobacco Superstores, which encompasses 79 stores that are spread across Arkansas, Tennessee, Mississippi, Missouri and Kentucky. (full story)
- Captain D's Expands Memphis Footprint with Grand Opening of New Restaurant
(prnewswire.com - 8/2/2022) The group, which is the second-largest franchisee in the seafood brand's system, has also signed a new agreement to develop 10 additional restaurants throughout the Memphis region, including Mississippi and Arkansas. (full story)
- Starbucks Q3 Profit Down
(nasdaq.com - 8/2/2022) The company opened 318 net new stores in the third quarter, ending the period with 34,948 stores globally... (full story)
- A&W Restaurants Closes Q2 With 9 Franchisees Signed, Eyes Continued Development in Second Half
(1851franchise.com - 8/1/2022) A&W aims to reach 25 new franchise agreements and 12 new openings in 2022, and with the success the brand has had in finding qualified candidates, its ambitious goals are well within reach. (full story)
- Scooter’s Coffee Continues Growing in Texas
(franchising.com - 8/1/2022) Scooter’s Coffee, LLC, is continuing its effort to grow its presence throughout the United States by bringing its world-class drive-thru coffee locations to Galveston, Alvin, and Texas City, Texas. (full story)
- Gong Cha names Paul Reynish CEO
(restaurantbusinessonline.com - 8/1/2022) All of its locations are franchised, though the company said it is planning to open five corporate locations in the Chicago area this year, with plans to open more than 50 throughout the city and its suburbs. The company says it is on track for more than 500 U.S. locations by 2025. (full story)
- Mountain Mike’s Pizza Accelerates Franchise Growth in the First Half of 2022
(restaurantnews.com - 8/1/2022) Mountain Mike’s opened 10 new restaurants in the first half of 2022, celebrated its 250-store milestone and ended Q2 with 255 units in operation. Several locations opened in new markets, including Idaho, Arizona and Nevada, and by the end of the year, Mountain Mike’s expects to open a total of 30 new restaurants. (full story)
- Wingstop Inc. Reports Fiscal Second Quarter 2022 Financial Results
(restaurantnewsresource.com - 7/29/2022) This included 1,639 restaurants in the United States, of which 1,600 were franchised restaurants and 39 were company-owned, and 219 franchised restaurants in international markets. During the fiscal second quarter 2022, there were 67 net system-wide Wingstop restaurant openings. (full story)
- Jet's Pizza Opens 400th Location
(restaurantnewsresource.com - 7/29/2022) As announced earlier this year, Jet's Pizza continues to grow with plans to open 30 new locations in 2022. The chain known best for its Detroit-Style Pizza will be introducing themselves in Utah, Kansas, New Mexico, Washington, and Nevada. (full story)
- Floor & Decor rapidly grows its store count while pulling in big sales
(hbsdealer.com - 7/29/2022) The rapidly-expanding retailer has set sights on opening 9 stores in the second quarter of 2022 and many as 32 locations in total this year. Long-term projections call for the Atlanta, Ga.-based retailer to open up to 500 new locations over the next 8 to 10 years. (full story)
- Pizza Guys Continues Impressive Growth & Eyes New Markets
(restaurantnews.com - 7/29/2022) Pizza Guys has plans to continue their rapid growth across the country after proven success in various communities. The brand is planning to expand into San Diego and other areas of Southern California, Oregon, Nevada and Texas. (full story)
- Verlo Mattress Expands into San Antonio, Awards 7 Stores to Local Franchise Owners
(hfbusiness.com - 7/29/2022) Direct-to-consumer mattress provider Verlo Mattress has announced that Korina and Michael Domgard have been awarded seven Verlo Mattress stores in San Antonio, Texas. (full story)
- JINYA Ramen Bar parent goes all in on national expansion with new lounge concept
(nrn.com - 7/29/2022) Eventually, JINYA will want to scale the LBD concept and open LBD Japanese Bar & Lounge locations in Hollywood, New York City, and other major urban centers around the country. (full story)
- Sheetz launches Western Pa. expansion, plans to open 30 stores within five years
(post-gazette.com - 7/29/2022) The sites of the future locations have yet to be determined. The convenience store chain has tapped Dallas-based real estate broker CBRE to assist its developer, Pittsburgh’s RBG Development, with site selection. (full story)
- Salad and Go Growing in Dallas-Fort Worth with Three New Stores
(qsrmagazine.com - 7/29/2022) These new DFW locations represent just a fraction of the growth to come throughout the remainder of this year in light of the brand’s intentions to nearly double its network size to a total of 90 locations open and operating by the close of this year and goals to double again by the end of 2023. (full story)
- Interview with Bill Barton, CEO, Bob’s Discount Furniture
(furninfo.com - 7/29/2022) “Our ultimate plan,” Barton concluded, “is for Bob’s to grow coast-to-coast, border to border. We are currently opening 14 to 20 stores each year with plans to double that pace as part of our longer-term strategic plan. (full story)
- Fogo de Chão journeys back to joy
(nrn.com - 7/29/2022) Growth is on the agenda. The company plans to open eight to 10 corporate locations and one to two international franchise units in fiscal 2022, and, beyond that, maintain 15% company-unit growth annually while continuing to expand franchising, McGowan said. (full story)
- Availability of retail real estate hits a 10-year low
(chainstoreage.com - 7/29/2022) The neighborhood, community, and strip center segment is suffering the most, its available space falling by 2.4 percentage points over the past five years and 5.3 points over the past 10. Availability in the mall and power center sectors both hovered at around 6% at the end of the recent quarter. (full story)
- Monro, Inc. Announces First Quarter Fiscal 2023 Financial Results
(yahoo.com - 7/28/2022) During the first quarter of fiscal 2023, the Company opened three stores and closed four stores. Monro ended the quarter with 1,303 company-operated stores and 80 franchised locations... (full story)
- Perspire Sauna Studio Marks Milestone in Q2 with 100 Franchise Agreements
(franchising.com - 7/28/2022) Additionally, quarter two saw the openings of 3 new locations, bringing the year-to-date total to 4 newly opened studios, with 25 studio destinations now in operation nationwide. (full story)
- iCRYO Inks Deal for 7 New Locations in Connecticut
(franchising.com - 7/28/2022) Behind the franchise agreement are Fairfield, Connecticut franchisees Tracey and Gregg Miller, along with Ron Pepe, a seasoned health club operator with nearly 30 years of experience with multiple fitness brands. (full story)
- Angry Crab Shack Set to Open First Franchise Location in Seattle
(restaurantnews.com - 7/27/2022) With signed agreements in various stages of development in Georgia, Utah and Texas, making this Washington expansion news even more exciting for area residents craving flavorful and fresh seafood. (full story)
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