- Wingstop Inc. Reports Fiscal First Quarter 2020 Financial Results
(franchising.com - 5/6/2020) During the fiscal first quarter 2020, there were 28 net system-wide Wingstop restaurant openings. (full story)
- Bodybuilding Favorite Gold’s Gym Files For Chapter 11 Bankruptcy Protection
(forbes.com - 5/5/2020) He reassured users in a video that the firm was “not going anywhere” and is not going out of business. The restructuring is aimed at ensuring the “continued viability” of the business for decades to come, Zeitsiff said.
(full story)
- Nordstrom Is Permanently Closing 16 Stores + What Else It’s Doing To Cut More Costs
(footwearnews.com - 5/5/2020) All told, the restructuring is expected to result in expense savings of about $150 million — or 30% — of the company’s previously announced plans for cash reductions of more than $500 million in operating expenses, capital projects and working capital. (full story)
- Lord & Taylor to liquidate its stores as soon as they reopen
(reuters.com - 5/5/2020) Venerable U.S. retailer Lord & Taylor plans to liquidate inventory in its 38 department stores once restrictions to curb the spread of coronavirus are lifted as it braces for a bankruptcy process from which it does not expect to emerge.
(full story)
- The Human Bean, Specialty Coffee Drive-thru Franchisor Hits Major Growth Milestone
(franchising.com - 5/5/2020) Capitalizing on the brand’s unique niche directed toward a growing specialty coffee drive-thru market, The Human Bean has another 25 locations in development over the next few months. The 100-store count only lasted a few days. Hot off the press, another store opened today in Reno, Nevada making the total count 101. (full story)
- Golden Chick Open First Louisiana Location
(qsrmagazine.com - 5/5/2020) “I am honored to be able to bring Golden Chick and its extensive chef-inspired menu to Louisiana for the very first time and provide new jobs for the local community,” says Ghafoor. Over the next few years, my goal is to open three to five more locations throughout this great state.”
(full story)
- Ziggi’s Coffee Signs 50th Franchise Deal Despite Pandemic
(qsrmagazine.com - 5/5/2020) The new franchise signing, the first for the company to be done completely virtual, will soon bring additional units to the Denver metro area. With 22 open locations across three states and many more on the horizon. (full story)
- J. Crew files for Chapter 11 bankruptcy with $400 million in financing from lenders
(marketwatch.com - 5/4/2020) The retailer said it reached an agreement with lenders holding about 71% of its term loan and about 78% of its IPCo Notes, under which they will convert about $1.6 billion of the company's debt into equity.
(full story)
- Tough Conversations: How Landlords Are Negotiating With Their Tenants Over Unpaid Rent
(bisnow.com - 5/1/2020) Landlords hold most of the cards in lease negotiations — contracts are still enforceable and landlords could sue in court for rent if a tenant refuses to pay. But Davidson said most landlords are doing their utmost to preserve the leases and the tenant relationships they have.
(full story)
- 1-800-Flowers.com Inc Q3 2020 Earnings Call Transcript
(fool.com - 5/1/2020) In the case of our Harry & David retail stores, we recently made the difficult decision not to reopen 38 of the 39 locations. As an aside, our country village store in Medford, Oregon will remain open.
(full story)
- Bare Your Beauty Philly and South Jersey: LunchboxWax Signs Agreement to Open Three Locations
(franchising.com - 5/1/2020) LunchboxWax, the premier full-service, speed-waxing salon, announced it has signed an agreement with seasoned multi-brand franchise owners Dale Westergard and Brittany Ishman to open three LunchboxWax locations in Metro Philly and South Jersey with the forthcoming location expected to open in fall 2020. (full story)
- Crave Hot Dogs and BBQ signs Franchisee in Iowa!
(restaurantnews.com - 5/1/2020) Crave currently has multiple locations throughout Georgia, North Carolina, Oklahoma, Texas, Florida, Colorado, Louisiana and more. The brand expects to open over 100 units in the next 5 years and is well on its way. (full story)
- TooJay's Original Gourmet Deli, Which Received PPP Funds, Files For Bankruptcy
(restaurantbusinessonline.com - 4/30/2020) The company, which operates a New York-style deli and bakery, says it was “operating profitably” before the coronavirus pandemic and closures of dine-in business. Many of the locations are indefinitely closed. (full story)
- Floor & Decor Holdings, Inc. Announces First Quarter Fiscal 2020 Financial Results
(businesswire.com - 4/30/2020) The Company opened three new stores during the first quarter of fiscal 2020, ending the quarter with 123 warehouse format stores... (full story)
- Albertsons comp sales jump 47% in March after strong fiscal 2019 close
(supermarketnews.com - 4/30/2020) During fiscal 2019, Albertsons totaled capital expenditures of about $1.5 billion, including 243 store remodels, 14 new stores... (full story)
- Pearle Vision Announces 3 Area Development Agreements Signed in California and Colorado Markets
(franchising.com - 4/29/2020) Area development agreements were approved for the East Bay area of California; Irvine, California; and Colorado Springs, Colorado. Pearle Vision licensed owners with an area development agreement are granted exclusive territory rights and pay a reduced franchise fee and lower royalty fees. (full story)
- Roots closing seven U.S. stores, reports $44.6M fourth-quarter loss
(chroniclejournal.com - 4/29/2020) Clothing retailer Roots Corp. plans to close permanently nearly all of its U.S. stores as they continue to underperform in a retail environment exacerbated by the COVID-19 pandemic. (full story)
- Boston Market Acquired by the Rohan Group of Companies
(qsrmagazine.com - 4/29/2020) Boston Market announced Wednesday that it has been acquired by Engage Brands, LLC from affiliates of Sun Capital Partners. The terms of the deal were not disclosed. Engage Brands operates under the Rohan Group of Companies, owned by real estate investor and restaurant operator Jay Pandya.
(full story)
- High Times Announces Acquisition of 13 California Retail Assets from Harvest
(globenewswire.com - 4/28/2020) The mostly stock-based transaction, upon successful closing, will allow Hightimes Holding Corp. to enter the retail sector and enable Hightimes Holdings to become one of the largest branded cannabis retailers in California overnight. (full story)
- REI Sets Another Sales Record In 2019
(sgbonline.com - 4/27/2020) REI in 2019 posted 3.5 percent comparable growth in-store traffic and added eight new stores, bringing the co-op’s total to 160 in the U.S. (full story)
- Lease Renegotiations in the Age of Coronavirus
(commercialobserver.com - 4/26/2020) Before making any deal with a tenant, the owner must check its loan documents. Failure to obtain lender approval for a deal may create a default. In the worst case, it may trigger a guaranty of the loan. For the most part, though, owners and tenants are still deer in the headlights, waiting to see what happens next. (full story)
- Edited Transcript of ORLY earnings conference call or presentation
(finance.yahoo.com - 4/25/2020) Through the first quarter, we opened 73 net new stores, and we're well on our way to our target of 180 net new stores in 2020... (full story)
- CPR Cell Phone Repair Welcomes Three New Stores in Texas
(finance.yahoo.com - 4/24/2020) "CPR looks forward to expanding its presence throughout Fort Worth and its surrounding suburbs to offer residents the most dependable repair solutions," said Chris Jourdan, Director of Franchise Operations at CPR Cell Phone Repair. (full story)
- Vienna-based Hair Cuttery parent files for Chapter 11, gets outside investment
(wtop.com - 4/24/2020) Vienna, Virginia-based Creative Hairdressers Inc., whose salons include Hair Cuttery, Bubbles and Salon Cielo, has filed for Chapter 11 bankruptcy and is selling off substantial assets, including the majority of its salon locations, to HC Salon Holdings Inc. (full story)
- Skechers USA Inc Q1 2020 Earnings Call Transcript
(fool.com - 4/24/2020) The increase included $28.1 million associated with our direct to consumer business and a net increase of 54 new company-owned stores, including 16 that opened in the quarter. (full story)
- Strong Q1 for Tractor Supply
(hbsdealer.com - 4/24/2020) During the quarter, Tractor Supply opened 20 new stores and closed one Del’s location. As of March 28, Tractor Supply operated 1,863 stores in 49 states along with 180 Petsense stores in 26 states. (full story)
- Chicken chain looks to open Birmingham location this year
(al.com - 4/24/2020) A fast casual chicken franchise is looking to open its first Alabama location in the fourth quarter of this year. Slim Chickens has signed a multi-unit franchise agreement in the Birmingham market. (full story)
- Dickey’s Barbecue Pit Booms With New Interest Amid Pandemic
(restaurantnews.com - 4/24/2020) The concept known for serving authentic, Texas-style barbecue is expanding to new territories all over the U.S. including Detroit, Gainesville, Florida; Oahu, Hawaii; Playa Del Rey, California; South Bend, Indiana; Worcester, Massachusetts; and Williamsburg, Virginia. (full story)
- Buff City Soap Continues Explosive Growth in the Peach State
(franchising.com - 4/24/2020) Buff City Soap continues its rapid growth trajectory across 11 states to date and many more on the roadmap for 2020. Buff City Soap has 35 locations in 11 states. Buff City Soap also has development deals in process to more than DOUBLE existing store count in the near future. (full story)
- Domino’s Global Sales Rise 4.4 Pct Amid Contactless Delivery, Social Distancing Efforts
(pymnts.com - 4/23/2020) The chain opened 178 gross net new stores and 69 net new stores, composed of 39 net new international stores and 30 net new U.S. stores... (full story)
- Sycamore Partners backs out of L Brands deal for Victoria's Secret
(us.fashionnetwork.com - 4/22/2020) Buyout firm Sycamore Partners disclosed on Wednesday it had walked away from a $525 million deal to acquire a majority stake in Victoria’s Secret, after the lingerie brand shut down stores and furloughed staff in response to the coronavirus outbreak. (full story)
- Grocery Outlet projects 25% first-quarter sales jump
(supermarketnews.com - 4/21/2020) During the first quarter, Grocery Outlet opened 10 new stores and closed two stores... (full story)
- Dollar General opens its first store in Washington — with more to come
(chainstoreage.com - 4/20/2020) Dollar General has entered the state of Washington as it continues to expand its national footprint in the Northwest. Six additional locations are already under construction in the state as part of the company’s previously announced aggressive store expansion plans for 2020.
(full story)
- Murphy USA reports $89.3M profit
(arkansasonline.com - 4/18/2020) Murphy USA opened two new retail locations in the quarter, bringing the store count to 1,491... (full story)
- Mutual Aid Society: Landlords and Tenants Are in this Together During Covid-19
(franchising.com - 4/17/2020) Most of my tenant clients have requested 3 months of rent relief, either in abatement or deferral. If you are able to secure an abatement, that would allow you time to reopen and ramp up again with no pressure on rental payments. If you are able to get a deferral, I would ask that payments get spread over the balance of the lease term, affording you ample time to repay the deferred amount. (full story)
- Gold’s Gym International Is Permanently Closing 30 Corporate-Owned Clubs
(clubindustry.com - 4/17/2020) Gold’s Gym International, Dallas, has closed 30 company-owned clubs, mostly in Alabama, Colorado and Missouri, noting that the COVID-19 pandemic had caused the company to evaluate the viability of some of its locations. (full story)
- Global Leader in Print and Marketing Undergoes Expeditious Expansion of U.S. Locations, Including Ha
(tapinto.net - 4/15/2020) Last year, the franchise’s median gross sales came to over $810,000. The franchise plans to open 25 new stores every year for the next three to five years... (full story)
- Conn’s, Inc. Reports Fourth Quarter Fiscal Year 2020 Financial Results And Provides Business Update
(streetinsider.com - 4/14/2020) Delayed or eliminated non-essential capital expenditures, including reducing the number of planned showroom openings in fiscal year 2021 from 16 to 18 to 6 to 8... (full story)
- True Religion seeks shelter from pandemic (and rent) in Ch. 11
(retaildive.com - 4/14/2020) Denim brand and retailer True Religion filed for Chapter 11 on Monday, its second bankruptcy since 2017... (full story)
- Celebree School Welcomes New Multi-Unit Franchisee
(finance.yahoo.com - 4/14/2020) Celebree School, a leader in early childhood education with 39 open or under development school locations in Maryland, Delaware, Virginia, Pennsylvania, and New Jersey, today announced the signing of a franchise agreement with Jason Skidmore. He is committed to owning and operating several Celebree Schools in Maryland. (full story)
- Brio And Bravo Parent Files For Chapter 11 Bankruptcy After Closing 71 Units
(restaurantbusinessonline.com - 4/11/2020) FoodFirst and its investors left open the possibility of further closures. Court documents indicate that 20 leases are scheduled for renewal in 2020. (full story)
- Big Blue Swim School Awards Four Deals for 14 Units in March
(franchising.com - 4/10/2020) In March, Big Blue Swim School signed deals for three units in Michigan, five schools in New York and Connecticut, three units in Pittsburgh and three units in Hartford, Connecticut. (full story)
- Casey's Down 20.5% Since Last Earnings Report: Can It Rebound?
(finance.yahoo.com - 4/8/2020) During the nine months ended on Jan 31, 2020, the company constructed 50 new stores and acquired 10...It plans to construct 60 stores and acquire 20 in fiscal 2020... (full story)
- Sherwin-Williams Poised on Cost Actions & Expansion Moves
(finance.yahoo.com - 4/8/2020) The company added 62 net new stores in 2019 in its Americas Group unit. It plans to add 80-100 new stores in 2020... (full story)
- Don Oakes, CEO of Sea Bags, battens down for stormy weather
(mainebiz.biz - 4/6/2020) In February, our retail team went to Michigan and set up the four stores we planned to open in March — in Traverse City, Charlevoix, Harbor Springs and Saugatuck. The other four stores we have plans to open this year are all in the works and at different stages, but we remain committed to opening all of them. (full story)
- TGI Fridays’ $380M Deal Is Called Off
(restaurantbusinessonline.com - 4/6/2020) TGI Fridays will not be going public after an investment company backed out of a planned $380 million merger last week, according to federal regulatory filings. (full story)
- Burlington Stores Down 35.7% Since Last Earnings Report: Can It Rebound?
(finance.yahoo.com - 4/4/2020) During fiscal 2019, Burlington Stores opened 76 new stores and shuttered 24 stores...fiscal 2020, it plans to open 80 new and close or relocate 26... (full story)
- La-Z-Boy Incorporated Q3 2020 Earnings Call Transcript
(news.alphastreet.com - 4/3/2020) For the third quarter across the network, three new stores were opened....fourth quarter, plans are to open one new store, relocate one, remodel one and close two... (full story)
- Dave & Buster’s Reports Fourth Quarter and Full Year 2019 Results; Details Comprehensive Response
(streetinsider.com - 4/2/2020) The Company opened 16 new locations in fiscal 2019, representing unit growth of 12.4%... (full story)
- $30 A Share Must Hold In Grocery Outlet Holding
(seekingalpha.com - 4/2/2020) Revenues also increased by 12%...These increases were a result of higher foot traffic as well as 30-plus new stores opened in fiscal 2019... (full story)
- 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)
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