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Breaking Retail Real Estate News
  • Tropical Smoothie Cafe Targeting Denver For Franchise Growth
    (RestaurantNews.com - 5/26/2015)
  • Tropical Smoothie Cafe announced today it is aggressively targeting Denver for franchise growth. Over the next 10 years, the sandwich and smoothie franchise aims to open 25 locations throughout Greater Denver, including Colorado Springs, Highlands Ranch, Boulder, Lakewood, Westminster and more.   (full story)

  • Russo's New York Pizzeria, Inc. signs 3 unit franchise agreement with VKL Franchise, LLC
    (RestaurantNews.com - 5/26/2015)
  • Russo's Restaurants Director of Franchise Development, Jim Carr announced today, the signing of a 3 unit franchise agreement package with the VKL Franchise, LLC group, based in Brownsville, Texas. The first location is planned for Brownsville, followed by a second in Harlingen and a third location in Laredo.   (full story)

  • Tío Juan's Brings Its Margaritas to New Jersey
    (FSR - 5/26/2015)
  • Tío Juan's Margaritas Mexican Restaurant will soon open its doors to New Jersey residents through a franchise deal set to bring a total of five new restaurants to the state. The new restaurants will be owned and operated by local group Garden State Dining, an experienced group of franchise operators who also own Burger King and 7-Eleven franchises. The group will open five restaurants over the next six years, and is targeting northern and central New Jersey for development.   (full story)

  • Hooters Inks Global Real Estate Agreement
    (FSR - 5/26/2015)
  • Hooters of America LLC has finalized an agreement with leading global commercial real estate services firm Colliers International. The firm will advise Hooters on real estate needs and provide strategic counsel as the iconic brand expands its contemporary concept store deployment both domestically and internationally.   (full story)

  • Bluemercury a fresh face in cosmetics for Macy's
    (The Dallas Morning News - 5/25/2015)
  • In February, Macy's paid $210 million for Bluemercury, a chain of upscale beauty shops and spas based in Washington, D.C. Bluemercury's new Highland Park Village store is the first of about 10 stores it expects to open in Texas. This week, Bluemercury signed a lease to open in Southlake Town Square, and it's looking for space in Houston.   (full story)

  • How Target Corp's demise in Canada could be a gain for Lowe's
    (Financial Post - 5/25/2015)
  • Lowe's has managed to defy the industry's performance expectations, last week racking up its eighth-consecutive quarter of double-digit same-store sales in Canada - a key retail metric tallying volume at locations open for more than a year. And with Lowe's announcement this month that it was acquiring 13 of the former Target Canada locations, it is finally getting closer to the kind of scale it wanted to achieve when it opened in Canada almost 10 years ago, almost doubling its current store count over the next three years, including existing building projects already on the books.   (full story)

  • Ruth's Chris Steak House Celebrates 50 Years of Sizzle
    (RestaurantNews.com - 5/25/2015)
  • 50 years ago, the "First Lady of Steak," Ruth Fertel, bought a local steak house in New Orleans, Louisiana, and transformed it into the now-famous Ruth's Chris Steak House. What started as one restaurant has grown into the largest collection of upscale steak houses in the world. Now guests routinely savor the sizzle of USDA prime steak and genuine hospitality in more than 140 locations worldwide. This year the company celebrates its 50th anniversary.   (full story)

  • No Frills will become Family Fare, add features to compete in Omaha market
    (omaha.com - 5/25/2015)
  • A sushi bar at a No Frills supermarket? Well, it wont be a No Frills much longer. Six value-oriented Omaha-area grocery stores four No Frills stores and two Bag N Saves will have a new name and new, more upscale features when Michigan supermarket operator SpartanNash completes $15 million of renovations this summer.   (full story)

  • Upscale eateries give regional malls a lift
    (philly.com - 5/24/2015)
  • In the new mall world order, you can taste Jose Garces' tacos at Moorestown Mall, Bobby Flay's burgers at Cherry Hill Mall, and filet mignon at Morton's - the Steakhouse at King of Prussia Mall. Restaurants, instead of department stores, have now become anchors at some malls.   (full story)

  • Kohl's to sell returned merchandise at new outlet store
    (NBC News - 5/23/2015)
  • Customers who like to shop at department store outlets could soon have yet another choice. Kohl's will soon begin testing an outlet store in New Jersey early this month but with a new format, offering deep discounts on returned merchandise.   (full story)






     

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