- Salata Signs 6-Unit Deal in Houston
(qsrmagazine.com - 9/8/2023) Since opening multiple Salata locations, Piro’s most recent development agreement marks a significant milestone as it places him as the largest Salata franchisee with 21 total restaurants. (full story)
- Bankruptcy court approves Party City exit plan, slashing nearly $1B in debt
(retaildive.com - 9/7/2023) The U.S. Bankruptcy Court for the Southern District of Texas has approved Party City’s restructuring plan, which entails debt reduction and private ownership... (full story)
- Zumiez Inc. Announces Fiscal 2023 Second Quarter Results
(yahoo.com - 9/7/2023) The Company currently intends to open approximately 19 new stores in fiscal 2023, including up to 5 stores in North America... (full story)
- Zoom Room Continues Growth with New Locations and Hires
(digitalmag.petbusiness.com - 9/7/2023) Indoor dog training gym Zoom Room continues its growth with the opening of its 50th unit, in Chicago's Bucktown neighborhood, in addition to the launch of locations in Chandler, Ariz.; Wake Forest, N.C.; and Naples, Fla. (full story)
- Rally House Sets Plans to Open Three Stores This Fall
(sgbonline.com - 9/7/2023) Rally House reported it will open three stores this fall in Deptford, NJ; Evansville, IN; and Altoona, IA. (full story)
- Sprouts Farmers Market readies 400th store opening
(winsightgrocerybusiness.com - 9/7/2023) In addition to the new New Jersey store, Sprouts has recently opened markets in Rialto, California; San Tan Valley, Arizona; Boca Raton, Florida; Kenneth City, Florida; West Melbourne, Florida; and Colorado Springs, Colorado. (full story)
- Sun Auto Expands in Houston
(moderntiredealer.com - 9/6/2023) Sun Auto Tire & Service Inc. is in the midst of opening five new stores in the Houston market. The company has 17 locations in the Houston area, including a pair of new stores, which have a combined 26 service bays. (full story)
- Nick the Greek Brings Authentic Greek Street Food to Reno
(restaurantnews.com - 9/6/2023) Nick the Greek has grown rapidly since its founding, adding dozens of new locations and increasing its store count by nearly 100-percent in the last three years. (full story)
- Carolinas-based Hickory Tavern updates menu, eyes growth
(nrn.com - 9/5/2023) Eason said the corporate team is ready to start looking at the size of Hickory Tavern units, which can range from 6,000 to 8,000 square feet. "We want to set up the prototype to where we could we do this in a 5,500-square-foot building," he said. (full story)
- Twin Peaks Signs New Area Development Agreement in Louisiana
(fsrmagazine.com - 9/5/2023) The first Summit Twins-owned Twin Peaks location is estimated to be open by the end of 2024, with four more locations to follow. The ultimate sports lodge has plans for nine more locations by the end of 2023 and an additional 20+ locations throughout 2024. (full story)
- Fogo de Chão to expand with 10 new international locations
(meatpoultry.com - 9/5/2023) Slated to open in the third or fourth quarter of 2023 and throughout 2024 are the following locations: Santa Cruz, Bolivia; Vancouver, British Columbia; Orlando, Fla.; Schaumburg, Ill.; Towson, Md.; Brooklyn, NY; World Trade Center, NY; Toronto, Ontario; Richmond, Va.; Seattle, Wash. (full story)
- Mountain Mike's Opens in Fort Worth, Texas
(qsrmagazine.com - 9/5/2023) Several multi-unit development deals have been inked in Texas, resulting in commitments for nearly 30 more restaurants in the Lone Star State before the end of 2025. (full story)
- Do it Best at the doorstep of $5 billion
(hbsdealer.com - 9/5/2023) The firm said this builds on three consecutive years of record growth. Since 2021, the company has welcomed nearly 800 new locations to the cooperative. (full story)
- Detroit-Style Pioneer Buddy's Pizza Charts Growth Under New CEO
(fsrmagazine.com - 9/1/2023) "I think that's where we know we need to think about that growth strategy for us and what's going to make sense as we go beyond Michigan," Tussing says. "But I think we've got some real opportunity because of our paths, because of our roots, and what that's done to our brand interest in other territories." (full story)
- Dave’s Hot Chicken dominates the fast-casual industry with 2023 growth momentum
(nrn.com - 9/1/2023) In 2023 thus far, the brand has signed various new franchise groups, contributing towards its goal to end the year with a total of 170 units. With various openings in the pipeline across the United States, Canada, and the Middle East, the brand is excited over its promising prospects in the year ahead. (full story)
- Ollie's Bargain Outlet Raises FY23 Outlook After Solid Q2 Earnings Beat
(benzinga.com - 8/31/2023) The company opened six new stores, ending the quarter with 482 stores (7.3% Y/Y) in 29 states... (full story)
- Rally House opens five stores in five states — in one weekend
(chainstoreage.com - 8/31/2023) Four of the stores were in new markets, including Pennsylvania (Chambersburg Crossing, Chambersburg); Kentucky (Hamburg Pavilion, Lexington); Texas (Cumberland Park, Tyler); and and Tempe, Arizona (Tempe Marketplace). The fifth was at L Street Marketplace, in Omaha, Neb. (full story)
- New Stores Drive Growth for Five Below
(pymnts.com - 8/30/2023) In the second quarter. We opened 40 new stores across 24 states...We continue to see great opportunities in the marketplace and remain on track to achieve our goal of opening over 200 stores this year... (full story)
- Lego grabs bigger share of declining toy market
(reuters.com - 8/30/2023) The company opened 89 new stores in the first six months of the year and plans to open around 150 in total this year, bringing the global total to around 1,050... (full story)
- Zaxby’s strong Southeastern brand continues to expand out West
(nrn.com - 8/30/2023) Taking full advantage of the new incentives are husband and wife entrepreneurs Brian and Jessica Nelson, opening the new territory in Phoenix. They plan on developing six locations in the next five years in the East Valley of Phoenix. (full story)
- The Teriyaki Tidal Wave Continues: Teriyaki Madness Signs Franchise Agreement in Laredo, TX
(restaurantnews.com - 8/30/2023) Now, Saucedo is planning to open his first TMAD restaurant in Laredo by the end of the year. “My long-term potential desire would be to multiply, at least open two or three locations locally, and then expand to other markets nearby,” he said. (full story)
- Foxtail Coffee Brews Up Community-Focused Café Experience
(qsrmagazine.com - 8/30/2023) Other immediate target locations include the rest of Florida, Georgia, and the Carolinas. Going forward, extensive growth will include a blend of corporate and franchised stores. An expected 30 new locations are slated to go under development by 2028. (full story)
- Popular Taiwanese restaurant chain cooks up East Coast expansion plan
(roi-nj.com - 8/29/2023) Staats, in conjunction with CCP Real Estate Advisors’ Randall Dawson, just represented 85°C Bakery Cafe in a lease at Brace Road Station in Cherry Hill. That location is slated to open in Q2 2024. Staats is currently working on a number of additional leases and is also seeking sites throughout the tri-state area. (full story)
- Pet Supplies Plus Continues Store Growth
(storebrands.com - 8/29/2023) The company is celebrating double-digit year-to-date growth with 41 signed agreements for 71 total stores across both brands. (full story)
- Furniture Maker Mitchell Gold + Bob Williams Shuts Factories, Stores As Industry Struggles
(costar.com - 8/29/2023) The Taylorsville, North-Carolina based company has notified about 500 employees that it was ceasing business after it was unable to secure financing to fund its operations. Mitchell Gold + Bob Williams has about two dozen stores spanning the East and West coasts. (full story)
- Franchisors Get Creative With Real Estate to Reignite Their Development Pipelines
(franchisetimes.com - 8/29/2023) Many brands are pursuing the same real estate, and stiff competition is making it tough to secure prime locations. While systems have agreements signed for dozens and even hundreds of stores, they’re also facing other real estate challenges including higher rents, increasing construction costs and rising interest rates. (full story)
- Homesense opens 6 stores so far this year
(retailleader.com - 8/29/2023) The new U.S. stores mark the banner moving further south as the majority of its 51 stores are in New Jersey and New York (full story)
- Del Taco Opens First Drive-Thru Only Location Utilizing New Fresh Flex Store Design
(finance.yahoo.com - 8/28/2023) "This design allows us to reduce the overall footprint of the building which creates more real estate flexibility and the potential to reduce total buildout costs which will allow us to further accelerate the growth of our brand." (full story)
- Ulta Beauty Announces Second Quarter Fiscal 2023 Results
(yahoo.com - 8/28/2023) Real estate activity in the second quarter of fiscal 2023 included three new stores...During the first six months of fiscal 2023, the Company opened eight new stores, relocated three stores, remodeled five stores, and closed one store... (full story)
- Rite Aid to file for bankruptcy
(silive.com - 8/26/2023) Facing both federal and state lawsuits over an alleged role in the sale of opioids, Rite Aid is preparing to file for Chapter 11 bankruptcy... (full story)
- Stretch Zone Looks To Expand Its Presence In New York Through Franchising
(franchise.org - 8/25/2023) With a five-studio presence in the Albany/Saratoga vicinity – and a number of additional locations in Nassau County, Long Island, the company now seeks to expand its footprint across the rest of the state, including NYC, Syracuse, Rochester and Buffalo. (full story)
- Sprouts Farmers Market Opens Locations in NM, CO, FL, and AZ
(delimarketnews.com - 8/25/2023) The healthy grocer is claiming more locations throughout New Mexico, Colorado, Arizona, and Florida, putting plans in motion to open up five new store locations. (full story)
- Buddy’s Home Furnishings Awards Entire Vegas Territory, Enters Chicago Suburb
(franchising.com - 8/25/2023) The agreements mark two major milestones in Buddy’s franchise expansion plans. First-time franchise owners Jonathan and Nicole Ozark were awarded six units in the Las Vegas market. (full story)
- Swig Signs 250 Restaurant Commitments in Six Months
(qsrmagazine.com - 8/25/2023) The Home of the Original Dirty Soda announced a significant milestone in the company's growth with the successful signing of 250 franchise units across seven new markets: Florida, North Carolina, South Carolina, Tennessee, Arkansas, Missouri, and Idaho — with the first Arkansas, Idaho and Missouri stores opening later this year. (full story)
- Sprouts Farmers Market adds 10 stores in next 3 months
(retailleader.com - 8/25/2023) As Sprouts Farmers Market Inc. looks to increase its store count nationwide by 10% each year, the Phoenix-based organic grocery chain released the locations of 10 stores opening in the next three months... (full story)
- For Abercrombie & Fitch Sales and Inventory are Moving in the Right Direction
(sourcingjournal.com - 8/24/2023) The retailer expects to open 35 new stores, remodel and right-size 20, and close 30, Scott Lipesky, senior vice president and chief financial officer, told investors, with the Abercrombie seeing more openings... (full story)
- The Dog Stop Aims to Open 10 More Locations in 2023
(digitalmag.petbusiness.com - 8/23/2023) The Dog Stop aims to continue its expansion plan and open locations in new markets, including Baton Rogue, La.; Orlando, Fla.; Dallas; Colorado Springs, Colo.; Centerville, Va; Houston; Lake Charles, La.; Clearwater, Fla.; Atlanta; and Knoxville, Tenn. (full story)
- Shipley Do-Nuts Expands Franchise Opportunities Into Five New States
(prnewswire.com - 8/23/2023) Shipley Do-Nuts, a franchisor of the leading do-nut, kolache and coffee concept, has opened up franchise development opportunities in Indiana, Kansas, Kentucky, Missouri and Ohio and is actively seeking qualified franchise candidates to open its first Midwest locations. (full story)
- Biscuit Belly Taps Oakscale to Help with Franchise Development
(qsrmagazine.com - 8/23/2023) The brand currently has nine open locations in five states, seven set to open within the next 12 months, and another 14 pending sites represented by open development agreements. (full story)
- Marco's Pizza announces impressive mid-year growth, 50 signed franchise agreements
(nrn.com - 8/23/2023) With more than 50 openings and 50-plus signed franchise agreements year-to-date, Marco's development trajectory soars as it inches closer to its 1200th store milestone. (full story)
- Celebree School Breaks into New Market: Announces 3-Unit Agreement in Nashville
(finance.yahoo.com - 8/23/2023) Area demand for quality childhood education continues to rise, and Celebree School looks to fill that void with the first school slated to open in Spring 2025. (full story)
- Taco Bell adds another Cantina to its portfolio
(nrn.com - 8/22/2023) The Cantina concept was first introduced in 2015 by DRG. There are now about 50 such locations in more than a dozen states and Taco Bell plans to add “multiple” new Cantina locations, including in Indianapolis and Los Angeles, by the end of this year. (full story)
- Ace Hardware Opens Over 100 Stores In 2023 On Track To Open More Than 170 Stores This Year
(franchising.com - 8/22/2023) Ace Hardware, the largest retailer-owned hardware cooperative in the world, has already opened over 100 new stores in 2023, and is planning to open more than 170 by the end of the year. (full story)
- Yampa Sandwich Company Eyes Expansion in Utah
(qsrmagazine.com - 8/22/2023) "Utah’s unique topography and focus on outdoor activities makes it an ideal state for us to organically grow into. We are looking for opportunities in the Salt Lake City area, as far north as Ogden and as far south as Sandy." (full story)
- Cencosud primes The Fresh Market for expansion
(winsightgrocerybusiness.com - 8/21/2023) “In addition, during this quarter, we opened the first store post-acquisition and plan to add 22 additional stores in the next 24 months.” Such an expansion would enlarge The Fresh Market’s store base by nearly 14%. (full story)
- H Mart opens new store in Boston; new Illinois location slated for later this year
(winsightgrocerybusiness.com - 8/21/2023) The East Coast isn’t the only market the grocery retailer is eyeing for growth. The retailer, which specializes in East Asian groceries, is also looking to expand its brick-and-mortar footprint in Texas, Utah and Illinois. (full story)
- Eggs Up Grill Signs Multi-Unit Deal in Columbus, Ohio Market
(fsrmagazine.com - 8/21/2023) Eggs Up Grill, a rapidly expanding breakfast, brunch and lunch concept, signed a multi-restaurant development agreement with industry veterans Paul and Sheryl Belle, their grandson Mitchell Belle and their longtime valued operations manager Josh O’Neil. (full story)
- Café Zupas to open three new Phoenix locations this year
(nrn.com - 8/21/2023) These locations will bring Café Zupas to eleven total locations in the greater Phoenix area, with plans to open at least five more locations over the next two years. (full story)
- Wendy's Newest Restaurant Design for the Digital Age
(wendys.com - 8/18/2023) Since unveiling the Global Next Gen design less than one year ago, the first Wendy’s restaurants are already open in Kansas and Oklahoma, with more than 200 restaurants featuring the restaurant design slated to open through 2024. (full story)
- Grocery Outlet eyes Maryland for new store growth
(winsightgrocerybusiness.com - 8/18/2023) Grocery Outlet, which is still on track to open 25 to 28 new stores this year, is continuing to penetrate new markets, including Maryland. (full story)
- Perspire Sauna Studio Announces Multi-Market Texas Development for 15 New Studios
(franchising.com - 8/18/2023) Highlighting the potential that’s existed in Texas for this holistic approach to wellness for years, the new studios include 4 that will be coming to the Dallas/Fort Worth area, 4 to greater Austin, 5 to San Antonio, and 3 to Houston. (full story)
- Zaxby’s Franchisee Drives Growth by Developing Leaders Amid Brand Expansion Push
(franchisetimes.com - 8/18/2023) Zaxby’s is on track to open 34 new restaurants this year, said Mettler, double what it did in 2022. His aim is to “unlock growth potential” with existing franchisees and use “aggressive development incentives” to spur expansion. (full story)
- Murphy USA Posts Growth Across All Major Categories
(csnews.com - 8/18/2023) Murphy USA opened seven new-to-industry convenience stores and reopened four raze-and-rebuilds. Ten new stores and 14 raze-and-rebuilds were under construction at the end of the quarter... (full story)
- What's Behind Domino's 22% Increase in Three Months?
(msn.com - 8/18/2023) During fiscal second quarter, Domino's added 27 net new stores in the United States, thereby bringing the total U.S. system store count to 6,735 stores... (full story)
- Ace Hardware reports 2nd quarter results
(lbmjournal.com - 8/18/2023) This increase was primarily driven by new stores added by the Westlake Ace Hardware (“Westlake”) and the Great Lakes Ace Hardware (“GLA”) chains...Westlake and GLA together operated 231 stores at the end of the second quarter of 2023 compared to 215 stores at the end of the second quarter of 2022... (full story)
- Dick’s Has Opened 9 ‘House of Sport’ Stores This Summer. Here’s Where to Find Them
(footwearnews.com - 8/18/2023) After the success of its first three House of Sport locations, Dick’s Sporting Goods is accelerating its plans to add more than 75 to 100 of these concept stores nationwide by 2027... (full story)
- What Advantages Will a Bigger Physical Footprint Offer Warby Parker?
(retailwire.com - 8/17/2023) Warby Parker is pushing full steam ahead on store openings, with 13 new locations added in Q2 2023, putting the retailer on track to open 40 new stores by the end of the year. Warby Parker, which ended the quarter with 217 stores, is aiming to eventually reach 900 total shops. (full story)
- Cava boasts 10% traffic growth, reaches quarterly profit
(restaurantdive.com - 8/16/2023) Cava’s development pipeline will bring it into new markets, including Chicago, where it will open for the first time next year. During the most recent quarter, it expanded into Missouri and Rhode Island and added more restaurants in Massachusetts, Texas, Georgia and Colorado, Schulman said. (full story)
- Pet Wants Reports Strong Mid-Year Momentum with 10 New Franchise Signings
(1851franchise.com - 8/16/2023) The company reported healthy mid-year momentum with the signing of 10 new franchisees in the first half of 2023, and plans to potentially double this growth, with 28 new signings and between 6 and 10 new retail openings, by the end of the year. (full story)
- What Lies in Store for Brick-and-Mortar Retail as It Approaches $4.2 Trillion?
(retailwire.com - 8/16/2023) Reports of brick-and-mortar’s death, dubbed the retail apocalypse during the height of the COVID-19 pandemic, were greatly exaggerated. (full story)
|
