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Breaking Retail Real Estate News
  • Subway executive: ‘Pent-up demand’ drives global growth
    (nrn.com - 5/24/2018)
  • In North America, the Milford, Conn.-based sandwich chain, whose CEO plans to retire in late June, has previously stated that it is implementing an aggressive revitalization plan that calls for closing, consolidating or relocating a few hundred locations in 2018.   (full story)

  • Five Ways the Retail Fitness Industry Might Look Different in the Future
    (nreionline.com - 5/24/2018)
  • There are more than 36,000 health clubs, gyms and fitness centers in the U.S., and major markets have seen growth at a rate of 2.8 percent since 2013. But what does the future of the retail fitness industry look like? Many believe, as an internet-resistant sector, the future looks bright for fitness centers and gyms.   (full story)

  • Wawa Reaches Milestone of 800th Store
    (csnews.com - 5/24/2018)
  • There is no stopping Wawa Inc. on the East Coast retail scene. The convenience retailer opened its 800th store on Thursday, May 24. The milestone location is at 1702 Rocky Run Parkway in Wilmington, Del.   (full story)

  • Coconut’s Fish Cafe Arrives in Los Angeles
    (qsrmagazine.com - 5/24/2018)
  • This opening comes as the brand continues its ascension as a sought out concept with consumers, franchise investors and shopping center operators. In addition to Los Angeles, San Diego, Orange County, Northern California and Hawaii are all primary growth territories for Coconut’s Fish Cafe. Qualified franchise investors are sought in each market.   (full story)

  • The Deal Solidifies The Brand’s Bicoastal Expansion And Will Fuel Its Continued Growth Across The US
    (franchising.com - 5/23/2018)
  • Rise Biscuits Donuts, the nation’s fastest growing biscuits and donuts chain with over 160 units in development across the country, has announced a multi-unit franchise deal for Southern California that will officially stretch the brand from coast-to-coast.   (full story)

  • Artichoke Basille’s Pizza Expanding in Northern California
    (qsrmagazine.com - 5/23/2018)
  • New York City’s famed pizza concept, Artichoke Basille’s Pizza, will be expanding its footprint in Northern California with the sale of additional units in the area.   (full story)

  • After rejecting Denver restaurant chain's offer, Bravo Brio sells to PE firm
    (9news.com - 5/23/2018)
  • After rejecting an offer from Denver-based Romano's Macaroni Grill, Ohio company Bravo Brio Restaurant Group Inc. is going private.   (full story)

  • Levin to enter Youngstown, Ohio, through closing Goldsteins
    (furnituretoday.com - 5/23/2018)
  • Levin Furniture, now part of Art Van, will enter the greater Youngstown, Ohio, market later this year, taking on the three leases of the closing Goldsteins Furniture. The move will bring Levin’s store count up to 36, including its 18 bedding specialty stores.   (full story)

  • Chipotle to move headquarters from Denver to Southern California
    (nrn.com - 5/23/2018)
  • After only a few months on the job, it appears that Chipotle Mexican Grill’s new CEO Brian Niccol is homesick for Southern California.   (full story)

  • Freshii named FastCasual's top brand of the year
    (fastcasual.com - 5/22/2018)
  • ... grew to 370 restaurants worldwide, opened inside sports arenas and hospitals and began serving food on Air Canada flights. The company, founded by CEO Matthew Corrin in Canada, plans to have between 730 and 760 stores by the end of ...   (full story)

  • Nékter Juice Bar Accelerates National Expansion with Entry into Four New States by Early Summer 2018
    (restaurantnews.com - 5/22/2018)
  • Nékter’s brisk expansion continues this summer as new franchise partners prepare to bring the healthy lifestyle concept to several new markets, including: Jacksonville Beach, Coconut Creek, Tampa and Valrico in Florida; Knoxville, Tennessee; Eugene, Oregon; and, Woodbury, Minnesota. At the same time, Nékter has 150 more restaurants in development in multiple markets.   (full story)

  • Tropical Smoothie Cafe Accelerates Development In The Midwest
    (prnewswire.com - 5/22/2018)
  • As development efforts continue in Ohio and Illinois, Tropical Smoothie Cafe has set a goal to open 50 new cafes across both states over the next 5 years.   (full story)

  • The Race Is On For Grocery Delivery, But Most Customers Still Want To Shop In Stores
    (forbes.com - 5/22/2018)
  • Some 65% of consumers say they have no interest in buying food or beverages online, even when their options improve. As much as Amazon, Walmart, Kroger and all the rest hope that they can capture the loyalty of shoppers by providing at-home grocery delivery, the future for growth in the grocery business is and will remain for the foreseeable future in the store.   (full story)

  • T.H. Rogers eyes expansion
    (hbsdealer.com - 5/22/2018)
  • Edmond, Okla.-based T.H. Rogers Lumber Co. is acquiring Gordon White Lumber, a six-unit dealer in Oklahoma. The move, set to close July 2, will expand the footprint of T.H. Rogers from 34 to 40 units.   (full story)

  • Mavis Tire acquires 11 stores in Georgia, S. Carolina
    (tirebusiness.com - 5/21/2018)
  • Mavis Tire Supply has expanded its network of retail stores in the past several weeks by 11, acquiring Dekalb Tire of Atlanta and Hill Tire Centers of Moncks Corner, S.C. These acquisitions — plus four other deals totaling a dozen stores — push Mavis' retail network to 528 stores in 10 states.   (full story)

  • Coffee, iPhones, Wi-Fi? If you thought this was Starbucks or Apple, surprise! It’s Comcast
    (usatoday.com - 5/21/2018)
  • Comcast has opened stores in Pueblo, Colo.; Aventura, Fla.; Henrico, Va.; Chattanooga, Tenn., and Tucson, Ariz. It plans to open more than 50 additional locations this year. It ultimately wants to have one of the storefronts within a 15-minute drive of every Comcast customer.   (full story)

  • James Perse to Roll Out New Retail Concepts
    (designretailonline.com - 5/21/2018)
  • Downey, Calif.-based lifestyle retailer James Perse has announced plans to expand its retail presence with the launch of a new hospitality and home goods concept store. The inventory-free store will aim to provide same- or next-day delivery, and is expected to be opened by the end of summer 2018. An additional 10 locations are slated to open in key markets within the next 12 months.   (full story)

  • Acquisition Expands Monro's Presence in Tennessee, North Carolina, and Virginia
    (nasdaq.com - 5/21/2018)
  • The asset acquisition includes Free Service Tire's 12 retail and commercial stores, four wholesale distribution centers and one retread facility, adding to Monro's more than 130 existing retail, commercial and wholesale locations in Tennessee, North Carolina, and Virginia.   (full story)

  • America’s malls court customers through food
    (jllrealviews.com - 5/21/2018)
  • As landlords looked beyond the food court, the overall space dedicated to eating and drinking increased by five percent over the past decade, according to JLL. Food and beverage offerings now take up between eight and nine percent of the total space within malls and could grow to represent 20 percent by 2025, according to a 2017 study by ICSC and JLL.   (full story)

  • Deconstructed Fitness is Booming in Retail
    (connect.regencycenters.com - 5/18/2018)
  • Rather than a massive footprint, one-stop-for-everything gym, we now are seeing all the individual components of exercise broken down to 4-5 tenants. This can allow for a more varied merchandising mix for owner/operators, with some centers being able to carry multiple fitness retailers on the same property.   (full story)

  • A.C. Moore to debut small-format store in Westmont
    (courierpostonline.com - 5/18/2018)
  • The company is adding 13 stores this year, including its first outlets in Ohio, as part of a "reinvigorated retail strategy."   (full story)

  • Tucson Multi-Unit Arby's Franchisee Remodeling and Building New Units
    (franchising.com - 5/17/2018)
  • ... multi-unit operator reopened the doors on its third of eight locations scheduled to undergo upgrades. As the renovations continue, there will also be four brand new Arby's locations in the market ...   (full story)

  • Pizza Inn's Resurgence Hits High Gear
    (foodnewsfeed.com - 5/17/2018)
  • The strategy: develop first in markets where the brand is best known. Bring it back home to markets where Pizza Inn can return and redevelop.   (full story)

  • TBC Adds NTB, Tire Kingdom Locations
    (tirereview.com - 5/17/2018)
  • TBC Corporation is continuing to expand the NTB and Tire Kingdom brands. Calendar year-to-date, the company has opened eight new stores with an additional 20 locations scheduled to open prior to April 1, 2019.   (full story)

  • Global Partners Buying C-store & Fuel Assets of Champlain Oil Co.
    (csnews.com - 5/17/2018)
  • The acquisition includes 37 company-operated gas stations with Jiffy Mart-branded convenience stores in Vermont and New Hampshire.   (full story)

  • Pizza chain eyes 15 Charlotte-area locations
    (bizjournals.com - 5/17/2018)
  • This fast-casual pizza chain says it wants to open as many as 15 stores in the Charlotte area over the next several years. Donatos Pizza says it will achieve that growth through ...   (full story)

  • Smoothie King Inks 50-Unit Development Deal in Michigan
    (qsrmagazine.com - 5/16/2018)
  • Smoothie King, a leading smoothie company with more than 960 locations worldwide, continues its record-setting growth with a new franchise partner that will bring the brand to Michigan in 2018.   (full story)

  • Vegan Chain Cinnaholic Set to Open 136 New Locations
    (livekindly.co - 5/16/2018)
  • Cinnaholic, the Atlanta-based vegan bakery franchise which specializes in cinnamon rolls, is set to double its presence in North America in the first half of 2018, increasing its franchise footprint by nearly eighty percent.   (full story)

  • Suburban Seattle restaurant chain bringing its burgers and beers to Colorado Springs
    (gazette.com - 5/16/2018)
  • The Springs would be Hop Jacks' first Colorado location, but not its last. The chain is finalizing leases in Castle Rock and Parker, Fox said. As it looks to new markets, Hop Jacks allows ...   (full story)

  • Boardroom Salon for Men Opens 30th Location
    (designretailonline.com - 5/16/2018)
  • The opening arrives as part of the company’s efforts to expand its footprint with more than 14 locations by the end of 2019. The Texas-based salon company is aiming to grow by 62 locations in the next four years, rounding out its portfolio 92 locations.   (full story)

  • New gym set to open at former Kmart Shopping Center in Killeen
    (kxxv.com/story - 5/15/2018)
  • "I am thrilled to partner with Crunch Fitness to bring the brand's renowned facilities to the Austin and Central Texas area," said Crunch Killeen co-owner Tony Hartl, who plans to bring 21 Crunch gyms to the Austin and Central Texas area over the next decade.   (full story)

  • Teriyaki Madness expanding in Mexico
    (fastcasual.com - 5/15/2018)
  • The brand plans to continue growth throughout Mexico with up to 100 restaurants over the next 10 years.   (full story)

  • Shop 'n Save West Virginia Locations Rebranding to Price Cutter
    (andnowuknow.com - 5/14/2018)
  • Former SuperValu-owned Shop ‘n Save stores in West Virginia are about to be rebranded, revealing the buyer of the locations as Price Cutter.   (full story)

  • Rockport shoe company files for Chapter 11 bankruptcy protection, may close stores
    (usatoday.com - 5/14/2018)
  • Rockport is aiming to keep its shoemaking business alive in a sale to a private equity firm. But the company warned that it may be forced to close all of its standalone retail stores, including 27 in the U.S.   (full story)

  • Rooms To Go to launch outdoor furniture stores
    (furnituretoday.com - 5/14/2018)
  • Rooms To Go will begin the rollout of about 50 outdoor furniture stores early next year and will rebrand its recently acquired Carls Patio chain as it moves full-on into the outdoor category.   (full story)

  • Beavers Coffee + Donuts rebrands to The Dapper Doughnut
    (fastcasual.com - 5/10/2018)
  • Beavers Coffee + Donuts has rebranded to The Dapper Doughnut in order to franchise, according to a recent company press release. The Chicago-based franchise, which got its start in 2011, as a food truck, hopes to reach over 100 territories awarded by ...   (full story)

  • Gyroville looks to expand
    (fastcasual.com - 5/10/2018)
  • Gyroville has announced its plans to expand nationally into Georgia, Michigan, Missouri and Ohio.   (full story)

  • Belle Tire: 100 Stores Is ‘Tip of the Iceberg’
    (moderntiredealer.com - 5/10/2018)
  • In the midst of a major expansion blitz in the state of Indiana, Belle Tire Distributors Inc. has hit a milestone. The Michigan-based tire dealer has opened its 100th store.   (full story)

  • Albertsons Announces Remodel Along With Five New Idaho Locations
    (andnowuknow.com - 5/10/2018)
  • Albertsons is returning to its roots as it lays out and implements moves to invest back in its home state with five new stores to be opened in the region.   (full story)

  • Pancheros Mexican Grill to enter Indy market with multiple stores
    (ibj.com - 5/9/2018)
  • Panchero’s added seven locations in 2017 and plans to open 10 more this year as part of an expansion focusing on mid-sized markets in the Midwest and East Coast.   (full story)

  • Duluth Trading aiming for 100 stores in 5 years
    (retaildive.com - 5/9/2018)
  • Outdoorsy apparel retailer Duluth Trading Co. has embarked on an ambitious brick-and-mortar expansion plan — after opening 15 stores last year, the company is opening another 15 this year, and another 15 annually until it reaches 100...   (full story)

  • Total Wine & More To Enter Colorado This Summer
    (shankennewsdaily.com - 5/9/2018)
  • Total Wine, which has revenues approaching $3 billion, plans to open 20 additional locations nationwide this year to reach a total of 192 stores.   (full story)

  • Papa Murphy’s Holdings, Inc. Reports First Quarter 2018 Results
    (nasdaq.com - 5/9/2018)
  • Franchise-owners opened four new stores in the quarter, all in the US market...   (full story)

  • Freshii Inc. Announces First Quarter Fiscal 2018 Results
    (digitaljournal.com - 5/9/2018)
  • The Company opened 26 net new stores in Q1 2018, comprised of 27 openings and 1 closure...   (full story)

  • The RoomPlace to open 3 stores this year
    (furnituretoday.com - 5/9/2018)
  • The RoomPlace is back in growth mode this year with plans to open three stores, including its first in the greater Milwaukee market...   (full story)

  • The Human Bean Opens 75th Location
    (franchising.com - 5/9/2018)
  • The Human Bean opened their 75th location, on Tuesday May 8, 2018. The new Eugene location is owned and operated by Joe & Cathleen ... Karchers own three other locations in Salem, Keizer and Eugene and are planning on opening a 5th location in ...   (full story)

  • Woof Gang Bakery & Grooming Opens First New York State Store
    (petage.com - 5/7/2018)
  • Woof Gang Bakery, a leader in specialty pet retail and grooming with more than 100 locations in 11 U.S. states, is opening the company’s first store in New York state...   (full story)

  • DICK'S Sporting Goods Announces Grand Opening of Four New Stores in May
    (prnewswire.com - 5/7/2018)
  • DICK'S Sporting Goods, the largest U.S.-based, full-line omni-channel sporting goods retailer, will be opening four new DICK'S Sporting Goods stores in May...   (full story)

  • Steakhouse Del Frisco's to acquire tapas restaurant owner Barteca for $325 million
    (cnbc.com - 5/7/2018)
  • Barteca has been methodically expanding its number of restaurants over the last 20 years and currently has 15 Barcelona locations and 16 Bartaco locations. Abdallah expects over time the company would be able to open 50 to 100 Barcelona restaurants in the U.S. and 200 to 300 Bartacos.   (full story)

  • Piccadilly to introduce new restaurant concepts in Baton Rouge market
    (theadvocate.com - 5/7/2018)
  • Piccadilly is introducing two new restaurants in the Baton Rouge market this year: a freestanding “to go” location and a prototype offering new ...   (full story)






     

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