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- Potbelly closes 8 locations as same-store sales fall nearly 5%
(nrn.com - 5/8/2019) In 2019, the company plans to open 12 to 18 new restaurants, including six to eight company stores. (full story)
- Dunkin' Kicks-Off Strong Year With 50 New Locations Planned For Development
(prnewswire.com - 5/8/2019) Dunkin' continues aggressive development outside the northeast, setting sights to open 200-250 net new restaurants each year over the next three years. New locations under the agreements are slated to open over the next few years in key growth markets including Texas, Michigan, Kentucky, Minnesota, Wisconsin, North Carolina, Nevada, and Missouri. (full story)
- Tropical Smoothie Cafe Opens 750th Location
(retailrestaurantfb.com - 5/7/2019) This major milestone showcases Tropical Smoothie Cafe’s rapid growth and sets the company one step closer to reaching its goal of opening 130 new cafes in 2019. "We look forward to building on this momentum to propel our aggressive expansion efforts in target markets across the state of Texas and beyond, with the goal of having 1,500 cafes open nationwide by 2025." (full story)
- Pandora’s U.S. Sales Fall 12 Percent, Will Close 50 Stores
(jckonline.com - 5/7/2019) The brand is in the midst of a relaunch that will include a new brand platform, redesigns for its physical stores and eStores, and the largest marketing investment in its history. Pandora is particularly upping its marketing spend in the United States, it said. (full story)
- Naf Naf Grill no longer just a Naperville upstart — company now has 37 locations in U.S.
(chicagotribune.com - 5/7/2019) The restaurant group gained momentum in 2015 when private equity firm Roark Capital Group, which has financed other restaurants, including Arby’s Moe’s Southwest Grill and Buffalo Wild Wings, invested in the business. Between franchise agreements and company-owned locations, Naf Naf hopes to have more than 200 opened by 2024.
(full story)
- Bob's Discount Furniture set to open 4 metro Detroit stores May 23
(crainsdetroit.com - 5/7/2019) The four stores, which range from 33,000 to 47,000 square feet each, will be leased to Bob's... (full story)
- Is Italian grocery and eatery Eataly cooking up a Dallas entry?
(dallasnews.com - 5/6/2019) Eataly, a hybrid grocery and restaurant concept created in Italy in 2007 and now in 37 locations around the world, appears to have taken a formal step into Texas... (full story)
- Planet Fitness is moving into old Toys 'R' Us and Sears stores
(cnn.com - 5/6/2019) Planet Fitness said this week that it will open 225 gyms this year. The gym chain has been on a growth streak in recent years. It has more than 1,800 gyms in the United States, an uptick of about 60% compared to three years ago. Planet Fitness says it has the potential to reach 4,000 nationwide in the long run.
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- Top Five Retail Tenant Lease Protections
(shoppingcenterbusiness.com - 5/6/2019) In the 15 years I have represented national, regional and local retail and restaurant groups expanding throughout Georgia and Alabama, I have gained valuable insights into important deal terms that are often overlooked. Here is my top five list of critical protections every tenant should be aware of during the Letter of Intent and lease negotiation process. (full story)
- Dollar General opens 1,500th store
(hometextilestoday.com - 5/3/2019) Earth, Texas – Forty-two years since opening its first unit in Texas, Dollar General this weekend will mark a company milestone. (full story)
- Natural Grocers finishes strong in first half
(supermarketnews.com - 5/3/2019) Isley said in the call that the retailer plans to open seven or eight new stores during fiscal 2019 and relocate five units. Those locations are in Colorado, Louisiana, North Dakota and Oregon and are slated to open starting in fiscal 2019.
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- My Eyelab Expands Easy Eyecare Solutions in Houston with Three New Locations in May
(franchising.com - 5/3/2019) In May, the brand will open three additional locations. My Eyelab anticipates future growth in surrounding Texas markets, such as Corpus Christi, Dallas, El Paso, San Antonio and Odessa, bringing its cutting-edge technology and easy eye care to new communities. (full story)
- Kroger closing store in Dearborn, but plans to invest $97 million in Michigan
(freep.com - 5/3/2019) The closure comes as Kroger announces it plans to invest $97 million in Michigan stores in 2019. According to a news release, the chain will be adding two new stores, remodeling 11 and adding three new fuel centers. (full story)
- Ruth’s Chris plans expansion in ‘prized’ East Coast territory
(nrn.com - 5/3/2019) Ruth’s Hospitality Group Inc. has snagged development rights to expand its presence in the greater Philadelphia area, Long Island, N.Y., and parts of New Jersey, the company announced Friday. The company also said it is poised to open at least five new restaurants through ... (full story)
- CVS closing 46 stores: See the list of struggling locations to be closed
(usatoday.com - 5/2/2019) CVS Health is closing 46 of its stores, saying the locations were "underperforming" as the drugstore chain continues to shift more of its retail presence toward health care services. CVS remains a solidly profitable business. The company expects to record an operating profit of between $11.8 billion and $12 billion this year. (full story)
- Cheesecake Factory tests smaller footprint with latest opening
(nrn.com - 5/2/2019) The Cheesecake Factory Inc. deployed a smaller footprint with its most recent opening in Oxnard, Calif., testing a scaled down version of its signature concept for possible use in ... (full story)
- Calios to Buy Nation’s Largest Calzone Franchise
(foodnewsfeed.com - 5/2/2019) Cook is wasting no time getting started with D.P. Dough. He opened a D.P. Dough in Kalamazoo, Michigan in March, with more new stores to come in the next few months. (full story)
- Why Happy Socks Is Bucking the Retail Trend and Opening More Stores
(footwearnews.com - 5/2/2019) Here in the States, it aims to open six branded stores in the coming year — three on the East Coast and three on the West Coast — and it has ambitious retail plans ... (full story)
- Lidl Readies New York Store Expansion
(homeworldbusiness.com - 5/1/2019) Lidl U.S. said it will open stores in Plainview, Babylon, Huntington, and Center Moriches by early 2020... (full story)
- Planet Fitness Franchisee Doubles Growth
(finance.yahoo.com - 5/1/2019) To support its expansion plans to 40 clubs over the next twelve months on its way to 70 clubs, PF Atlantic announces the addition of 4 strategic executives to support its rapid growth and expansion. (full story)
- Dallas-Based Operators Open Their 5th Creamistry Location
(franchising.com - 5/1/2019) Creamistry was founded in 2013 and began franchising a year later. There are more than 60 shops open and operating in six states, with more than 200 additional locations in various stages of development worldwide. (full story)
- Firehouse Subs Fanning Rapid Growth in the Pacific Northwest
(franchising.com - 5/1/2019) The Firehouse Subs brand is now looking to add 30 more restaurants across the Pacific Northwest. (full story)
- Kona Grill Files For Bankruptcy Protection
(restaurantbusinessonline.com - 5/1/2019) The company has closed an additional 15 locations, according to bankruptcy filings, and is now down to 27 restaurants—it operated 46 at the end of 2017. (full story)
- Kate Hudson’s Fabletics plans to open 12 new stores in 2019
(fashionunited.com - 5/1/2019) The opening kicks off its 2019 retail expansion plan set to add 12 new stores to its current portfolio of 27 stores across the United States. The ultimate goal is to scale up to 100 stores. (full story)
- Duck Donuts Planning For Significant Growth in 2019
(franchising.com - 5/1/2019) Plans call for Duck Donuts to open 24 stores in 2019, including new states for the brand such as Arizona, Michigan, Missouri, and Utah. (full story)
- New-to-Denver gym leases space at 9th and Colorado
(businessden.com - 5/1/2019) “We’re going to be opening seven of these, at least, in the Colorado market,” Cortese said, adding that each gym will be between 8,000 and 12.000 square feet. (full story)
- Garbanzo Mediterranean Fresh Executes Agreement to Expand into Indiana, Kentucky and Ohio
(franchising.com - 4/30/2019) CEO James Park announced today that the company has executed an Area Development Agreement with franchisees Lee Kleiner and Brian Kahn of JANES Franchising, LLC to bring an initial 25 Garbanzo locations to Indiana and parts of Kentucky and Ohio ... (full story)
- Mixed Q1 for Lumber Liquidators
(hbsdealer.com - 4/30/2019) The company said it currently operates 413 locations and plans to open 10 to 15 stores in 2019. (full story)
- Melt Shop Signs First Multi-Unit Franchise Development Agreement for Florida
(franchising.com - 4/30/2019) Melt Shop, the pioneer of the Melted Sandwich Movement, announced today that it has signed a multi-unit franchise development agreement to grow its brand footprint in Florida. In tandem with CFL EATZ LLC, Melt Shop will open six restaurants in Orlando and surrounding ... (full story)
- Naf Naf Launches Franchise Program, Signs First Deal
(qsrmagazine.com - 4/30/2019) Naf Naf, the rapidly growing fast-casual Middle Eastern restaurant concept, announced the signing of its first 10-store exclusive area development deal for Central Indiana with ... (full story)
- Yum China Holdings, Inc. Q1 2019 Earnings Call Transcript
(fool.com - 4/30/2019) Looking at our current pipeline, we are confident that our gross new openings will exceed the top end of our original target of 600 to 650... (full story)
- Murphy USA’s first quarter profit, sales down slightly from a year ago
(talkbusiness.net - 4/30/2019) In its 2018 guidance, Murphy USA said it plans to build up to 30 new stores and 25 additional raze-and-rebuild locations. The company’s capital budget calls for an outlay of $225 million to $275 million, about the same as the $274 million spent in 2017. (full story)
- Starbucks posts strong Q2 growth, boosted by U.S. and China sales
(brinkwire.com - 4/29/2019) Starbucks opened 319 net new stores in the second quarter of 2019, up 7 percent over the same period of last year, yielding 30,184 stores at the end of the quarter... (full story)
- Former Naf Naf Execs to Grow INVICTO, Blackwood BBQ
(qsrmagazine.com - 4/29/2019) Blackwood BBQ is doubling in size from three to six units this summer with two additional ... (full story)
- Major Remodeling, Relocation, Expansion Of 13 NJ Walmart Stores
(patch.com - 4/29/2019) Walmart expects to spend an estimated $96 million this year in New Jersey through the remodeling, relocation or expansion of 13 stores... (full story)
- Blink Fitness Moves into New Underserved Markets Across Eastern Seaboard
(franchising.com - 4/29/2019) Blink Fitness is rapidly accelerating its growth into major markets across the United States. Blink ... is set to break into new metropolitan areas across the Eastern Seaboard with the signing of a nine-gym agreement. (full story)
- Restaurant group bringing Thai, sushi concepts to Charlotte
(bizjournals.com - 4/29/2019) Deals are in progress for three Thai Express locations and two Ginger Sushi Boutiques, says Ray Zandi, U.S. vice president of business development for MTY Group. (full story)
- Workout Anytime Enters State, Picking Paragould
(arkansasbusiness.com - 4/29/2019) Workout Anytime, a chain of gyms headquartered in Alpharetta, Georgia, expanded to Arkansas last month, landing in Paragould because the community there is a good fit for its ... (full story)
- Patxi's Pizza Puts Quality First as it Grows
(foodnewsfeed.com - 4/29/2019) Patxi’s is being careful when it comes to expansion. All restaurants are company-owned and that strategy will continue in the near future. ... Romo sees a lot of potential for development in Southern California. (full story)
- Nothing New About the Old ‘Dark Store Theory’
(rebusinessonline.com - 4/26/2019) Assessors and their minions frequently take the position that an occupied store is more valuable than an unoccupied store, a conclusion commonly referred to as the “dark store theory.” Owners of big-box retail properties and their tax advisers bristle at this erroneous contention because real property taxes are just that — a tax on the value of the real estate. (full story)
- Former Toys R Us may get new tenant
(expressnews.com - 4/26/2019) When Conn’s reported its fourth-quarter earnings in March, the company said it expects to open 12 to 15 new HomePlus stores in fiscal 2020.
(full story)
- Arooga's Grille House & Sports Bar on the way to Route 9 in Howell
(app.com - 4/26/2019) It will be the company's third restaurant in New Jersey. Jersey Wings Unlimited Inc., the franchisee that will operate the Howell location, also owns Arooga's in East Brunswick and has a deal to open a minimum of six locations in Monmouth, Ocean and Middlesex counties. (full story)
- Weis Markets Embarks on $109M Cap Ex Plan
(progressivegrocer.com - 4/26/2019) The plan encompasses new stores, remodels, supply chain improvements and continued information technology upgrades. (full story)
- Teriyaki Madness opens 50th unit
(fastcasual.com - 4/25/2019) Teriyaki Madness has opened eight locations this year, and plans call for 30 openings before the year's end. In addition to breaking into the Minnesota market, the Las Vegas-based chain also entered the ... (full story)
- Boston's Wants to Put 'Dough' Back in Franchisees' Hands
(foodnewsfeed.com - 4/25/2019) In the back half of 2018, Boston’s sales grew 0.9 percent over the prior year, the company said. It said it expects to grow unit count by 30 percent every year for the next three in the U.S., including six new restaurants in 2019—five of which will be in fresh markets. That would be followed by a projected nine and 12 stores, respectively, in the coming years, which would put Boston’s on a fast track to double its U.S. footprint. (full story)
- Eight Operating Cost Rent Issues for Restaurant Tenants
(modernrestaurantmanagement.com - 4/25/2019) The two issues that most upset restaurant tenants are ever-increasing operating costs and the landlord’s lack of attention to fully maintaining the commercial property. (full story)
- Fleming's Seizes the Fine-Dining Opportunity
(foodnewsfeed.com - 4/25/2019) ... there’s room for at least 50 more incremental Outbacks in the U.S. to add to the chain’s 733-unit footprint. But a less publicized opportunity is quietly forming at Bloomin’s smallest chain—Fleming’s Prime Steakhouse & Wine Bar. (full story)
- Twin Peaks Reports Impressive Start to 2019
(foodnewsfeed.com - 4/25/2019) As the year continues, Twin Peaks has many more lodges in the pipeline to open in Ohio, Texas, Arizona and more. In addition, there are several remodels planned, which include the existing ... (full story)
- Woops! Looks to Double Footprint by End of 2019
(qsrmagazine.com - 4/25/2019) Woops! has 16 locations under development and plans to open 80 to 90 additional units this year. By 2022, Woops! hopes to have 250 locations across the United States. (full story)
- Papa John's opens 2,000th overseas store as competition intensifies
(restaurantdive.com - 4/24/2019) Papa John's announced the opening of its 2,000th restaurant outside of North America. The milestone unit opened in Moscow and added to the company’s Russian footprint, which now includes more than 200 restaurants. (full story)
- By CHLOE to 'Take It to the Next Level' By More than Tripling Its U.S. Presence, CEO Says
(cheddar.com - 4/24/2019) CEO Patrik Hellstrand said By CHLOE is "ready to take it to the next level" by gearing up to expand from 13 to more than 50 locations in the U.S. by 2023, as well as licensing locations internationally in Canada, the UK, and the Middle East.
(full story)
- Great Harvest to expand in five U.S. states
(bakingbusiness.com - 4/24/2019) Great Harvest Bread Co. has signed five franchise agreements with new and existing franchisees that will bring the bakery-cafe concept to the additional markets of ... (full story)
- Blaze Pizza is Fire’d Up For Growth in Washington DC
(franchising.com - 4/24/2019) From its inception in 2012, Blaze Pizza has built momentum and developed a cult-like following as it expanded from its California base to bring 300 restaurants into 41 states and five countries. Now, with a solid reputation already in place, Blaze Pizza is seeking strategic expansion throughout Washington DC as part of the brand’s plan to reach 500 locations by ... (full story)
- Mother’s Day expected to deliver highest consumer spending to date
(nrf.com - 4/24/2019) Mother’s Day spending is expected to total a record $25 billion this year, up from $23.1 billion in 2018, according to the annual survey released today by the National Retail Federation. (full story)
- Blo Blow Dry Bar Achieves Significant Growth and Success in the First Quarter of 2019
(franchising.com - 4/23/2019) Blo Blow Dry Bar, the original blow dry bar and the world's largest blow dry bar franchise, announced today that its successful development efforts throughout the first quarter have accelerated the brand's growth, opening 11 new locations and signing new franchise agreements that will further expand Blo's presence nationwide ... (full story)
- Malls Need More of These Kinds of Businesses to Lure Shoppers
(footwearnews.com - 4/23/2019) But what do shoppers really want to find when they make a trip to their local mall? According to a new report from the International Council of Shopping Centers, the answer is often “something to eat.” (full story)
- Black Bear Diner Opens New Locations in California and Texas
(foodnewsfeed.com - 4/23/2019) Black Bear Diner has been recognized as one of the fastest-growing franchises in the country, having already opened ten new diners in 2019 to date and 15 locations in 2018. (full story)
- Design Within Reach set to add two studios in California
(furnituretoday.com - 4/23/2019) At nearly 6,000 square feet and 8,000 square feet, respectively, the new studios in Larkspur in the northern part of the state and in La Jolla in the southern part bring the company’s total retail locations in the United States to 37, with 10 locations in California alone. (full story)
- Jaylon Smith is Going All In On Rehabilitation
(franchising.com - 4/23/2019) ... Smith will be heavily involved in franchise development and marketing as the company expands into new markets across the U.S. With six open locations nationwide and five currently in development, iCRYO Cryotherapy prides itself on its top industry safety practices and first class customer experience ... (full story)
- These drive-thru stores are made out of recycled shipping containers
(wsls.com - 4/23/2019) Pressler, who formerly worked in sales, read about Farm Stores in an article in 2016 and contacted the company about becoming a franchisee. He's now also an area representative for Farm Stores and hopes to help open as many as 50 stores over the next few years. (full story)
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