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Breaking Retail Real Estate News
  • J.C. Penney Closing 130 to 140 Stores
    (jckonline.com - 2/24/2017)
  • As expected, J.C. Penney is slimming down its store fleet and will close 130 to 140 stores as well as two distribution centers over the next year. That represents about 13 to 14 percent of its current 1,014-store portfolio.   (full story)

  • How operators are giving new life to aging malls
    (bloomberg.com - 2/22/2017)
  • A small group of investors is buying struggling shopping centers on the cheap and trying to turn them around. Hull is one of a small crowd of operators bucking the conventional wisdom that there are simply too many malls and that only those catering to wealthy shoppers will survive the death of legacy retailers.   (full story)

  • Red Robin Gourmet Burgers Reports Final Results for the Fiscal 4th Quarter and Year Ended Dec. 25
    (businesswire.com - 2/22/2017)
  • Red Robin Gourmet Burgers, Inc., a casual dining restaurant chain serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, today reported financial results for the quarter and year ended December 25, 2016.   (full story)

  • Smoothie King Ends 2016 with 9.1 Percent Increase in Same-Store Sales and 100 Stores Opened
    (finance.yahoo.com - 2/22/2017)
  • To aid in the brand's ongoing expansion efforts, Smoothie King brought on Kevin King as the new Chief Development Officer in May 2016 ... leads franchise development efforts as the brand works toward its goal of having 1,000 locations open by the end of 2017.   (full story)

  • Cracker Barrel Reports 11th Consecutive Quarter of Growth
    (foodnewsfeed.com - 2/21/2017)
  • The company now expects total revenue of approximately $2.95 billion, reflecting the expected opening of eight new Cracker Barrel stores and four new Holler & Dash Biscuit House restaurants.   (full story)

  • Patience Was Key to This Franchise's Slow Growth Strategy
    (entrepreneur.com - 2/21/2017)
  • On November 8 last year, Freddy’s Frozen Custard made its own history. For the first time, the company opened five restaurants across the country in one day, from Orange Park, Fla., to San Marcos, Calif.   (full story)

  • DICK'S Sporting Goods Announces Grand Opening of Five New Stores in Three States
    (prnewswire.com - 2/21/2017)
  • DICK'S Sporting Goods, the largest U.S.-based, full-line omni-channel sporting goods retailer, will be opening five new stores during the second week in March...   (full story)

  • Why Indochino is opening new stores in shopping malls
    (glossy.co - 2/21/2017)
  • The made-to-measure suit retailer, known for its tech-forward showroom style, will open eight new showrooms in the U.S. and Canada in 2017...   (full story)

  • Texas Roadhouse Suffers an Earnings Setback
    (host.madison.com - 2/21/2017)
  • Texas Roadhouse has plenty of optimism about its future, with expectations for 30 more company-owned restaurant openings as well as seven franchise locations.   (full story)

  • Restaurant Brands to add Popeyes to Tim Hortons and Burger King
    (nrn.com - 2/21/2017)
  • The owner of Tim Hortons and Burger King has reached a deal to add fried chicken chain Popeyes to its stable of quick-serve restaurants, in a deal worth $1.8 billion US. Restaurant Brands International has agreed to buy Nasdaq-listed Popeyes Louisiana Kitchen, Inc. for $79 a share. The Atlanta-based chicken chain has 2,600 locations worldwide.   (full story)






     

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