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Breaking Retail Real Estate News
  • Hibbett Sports’ Q4 Blows Past Estimates
    (sgbonline.com - 3/22/2019)
  • The retailer also announced plans to close 95 stores this year as part of an “accelerated store closure plan” and a transition plan with the pending retirement of CEO Jeff Rosenthal.   (full story)

  • Evans Tire Acquired by Greenbriar Equity
    (tirereview.com - 3/22/2019)
  • Southern California-based Evans Tire & Service Centers has been acquired by GB Auto Service Inc., a portfolio company of Greenbriar Equity.   (full story)

  • In Yoga Pants Era, J. Crew's Madewell Finds Strength in Denim
    (bloomberg.com - 3/22/2019)
  • The apparel brand popular with millennial shoppers has opened four new stores already this year and is planning about six more by February 2020 from Southern California to Tampa, Florida.   (full story)

  • Wegmans Set to Open New Locations in 2019
    (andnowuknow.com - 3/22/2019)
  • Expansion is front and center for New York-based grocer Wegmans, as the retailer has plans to open 17 new stores, at least three of which are set to open in 2019.   (full story)

  • ZIPS Dry Cleaners Headed To Atlanta With 20 New Locations
    (franchising.com - 3/21/2019)
  • ZIPS Dry Cleaners, the rapidly expanding dry cleaning franchise - known for its same-day, one-price business model - has signed a development deal for 20 locations set to open throughout Atlanta over the next ...   (full story)

  • Launch Acquires AirTime Trampoline & Game Park
    (franchising.com - 3/21/2019)
  • Launch Trampoline Park - a leading family entertainment and action park franchise - announced today that it has acquired Michigan-based AirTime Trampoline & Game Park.   (full story)

  • Massage Envy Inks Multi-Unit Deal for 70 Additional Franchised Locations throughout ...
    (prnewswire.com - 3/21/2019)
  • Massage Envy, the leading provider of therapeutic massage and skin care services collectively across its franchise network, has signed a deal with Novarus Wellness Concepts to expand the brand ... The franchise group signed on to add 70 additional franchised locations to its portfolio over the next five years in the Rocky Mountain and Great Plains states.   (full story)

  • Retail sales rebound in January, Up 3.6 percent over 2018
    (nrf.com - 3/21/2019)
  • The results come as NRF is forecasting that 2019 retail sales will grow between 3.8 percent and 4.4 percent to more than $3.8 trillion. The forecast will be monitored and subject to revision as more data is released in the coming months.   (full story)

  • World Famous Randy's Donuts Serves Up Sweet Franchise Opportunity Nationwide
    (prnewswire.com - 3/21/2019)
  • Corporate development will continue throughout Los Angeles, the Inland Empire and Orange Country, including stores in Downtown Los Angeles, Santa Monica, Pasadena and more. The brand will debut in Downey, CA in ...   (full story)

  • Monro, Signs a Definitive Agreement to Acquire California-Based Certified Tire & Service Centers
    (globenewswire.com - 3/21/2019)
  • The acquisition includes Certified Tire’s 40 retail stores located in San Francisco, San Diego and Los Angeles, California and one distribution center located in Riverside, California. The acquisition represents entry into a new state for Monro and expands the Company’s geographic footprint to the West Coast.   (full story)

  • LifeWay closing all retail stores to focus on digital
    (wjhl.com - 3/21/2019)
  • While the timing of the store closings will depend on local circumstances, LifeWay estimates all 170 of its stores will be closed by the end of the year.   (full story)

  • Retail Sale-Leaseback Deals Are on the Rise
    (globest.com - 3/20/2019)
  • “The sale-lease back structure can have applicability to companies who have a reason to build their own facility and but who ultimately prefer to be a tenant rather than an owner for balance sheet reasons,” says Swartz.   (full story)

  • CircusTrix Launches Rebrand, Announces Franchise Offering
    (globenewswire.com - 3/20/2019)
  • DEFY Eugene, the company’s first DEFY franchise park, is one of many opening in 2019, including Sparks, Nev.; Tucson, Ariz.; Tacoma, Wash., and other locations nationwide.   (full story)

  • Tire Discounters Holds On The Spot Interview Event
    (aftermarketnews.com - 3/20/2019)
  • Tire Discounters plans to add at least 15 new stores this year, with three planned to open in the coming weeks.   (full story)

  • The Great Greek Mediterranean Grill Prepares To Open First Franchise Location in Texas
    (franchising.com - 3/20/2019)
  • The rapidly expanding fast-casual restaurant concept anticipates opening additional franchise locations in Frisco, TX; Troy, MI; and Port St. Lucie, FL early this year.   (full story)

  • RNR Tire Express & Custom Wheels Plans Major Expansion in Las Vegas
    (franchising.com - 3/20/2019)
  • Currently, RNR has 118 locations in 23 states with plans to have 155 locations by the end of 2019.   (full story)

  • Stoner’s Pizza Joint Propels National Franchise Development
    (restaurantnews.com - 3/19/2019)
  • The business partners developed and launched Stoner’s franchise program in 2018 with the goal of growing the brand to 100 locations by 2023. Last month, Bergelt and Ciccarelli appointed ...   (full story)

  • Floyd’s 99 Barbershop Refreshes Franchise Expansion Efforts, Plans to Open 15+ Locations in 2019
    (franchising.com - 3/19/2019)
  • There are currently around 15 corporate- and franchisee-owned shops slated to open in the next nine months in new & existing markets across the United States. Ultimately, the company’s goal is to award more than 300 franchises over ...   (full story)

  • I Heart Mac & Cheese Inks 23-Unit Deal for Long Island
    (qsrmagazine.com - 3/19/2019)
  • All 23 locations will open in Long Island, New York, significantly expanding the brand’s presence across New York state. Nine locations will open within the first three years; three this year, an additional four next year, and ...   (full story)

  • DSW changes name to Designer Brands; sets three-year strategic goals to turn business around
    (us.fashionnetwork.com - 3/19/2019)
  • Columbus, Ohio-based footwear and accessories company DSW Inc. announced on Tuesday that it has changed its name to Designer Brands effective today in order to reflect the evolution of its identity and business strategy.   (full story)

  • Krispy Krunchy Chicken Unveils New Logo Design
    (krispykrunchy.com - 3/19/2019)
  • One of the fastest growing hot food brands in the convenience store business, Kripy Krunchy now has over 2,400 locations in 46 states and has aggressive growth plans in the works.   (full story)

  • Deichmann acquires American shoe chain KicksUSA
    (us.fashionnetwork.com - 3/18/2019)
  • Deichmann said the KicksUSA acquisition is the biggest transaction in its history. In addition to an online shop, the chain operates over 60 stores on the East Coast, in cities including Philadelphia and New York, and in the state of New Jersey.   (full story)

  • Bentley's Closed More Stores than Originally Reported
    (petbusiness.com - 3/18/2019)
  • In the letter, Neal explained that the store closings were the result of ongoing litigation, combined with the chain's expansion into new markets, which has "collectively placed a strain on our resources," calling this "one of our lowest times in Bentley's history."   (full story)

  • Potbelly Pumps Up Franchising Potential
    (qsrmagazine.com - 3/18/2019)
  • This is a process that’s going to ramp up. In 2019, the chain plans to open 12–20 restaurants, including 6–10 company-run units, and ...   (full story)

  • Why Charleston Shoe Co. Plans to Blitz the New York Real Estate Market
    (footwearnews.com - 3/18/2019)
  • As footwear stores across the U.S. continue to close, one business, Charleston Shoe Co., appears to be bucking the trend. The South Carolina-based footwear brand is expected to open its sixth outpost in two months by the end of April, upping its ...   (full story)

  • Starbucks Celebrates Global Milestone with 30,000th Store
    (argus-press.com - 3/18/2019)
  • Starbucks celebrated its 30,000th store...marking a significant global milestone for the company...   (full story)

  • Shopko Announces Commencement Of Liquidation Sale
    (prnewswire.com - 3/18/2019)
  • Shopko today announced that despite the Company's best efforts, it was unable to find a buyer for its go-forward business as a going concern. As a result, Shopko will commence an orderly wind-down of its retail operations beginning this week. Further, the Company is evaluating strategic options for its optical business.   (full story)

  • Noodles & Company Rides Momentum Into 2019
    (qsrmagazine.com - 3/18/2019)
  • Along with pickup areas in stores, the company is experimenting with pickup windows in new units. The company expects to incorporate this feature into 75 percent of new locations. In 2019, it plans to open 5–9 new restaurants with 4–6 of those being new company units.   (full story)

  • Leasing Nightmares: Buyer Beware
    (modernrestaurantmanagement.com - 3/15/2019)
  • In the commercial real estate transactional world, the term “AS-IS WHERE-IS WITH ALL FAULTS” has become ubiquitous. In the real estate purchase and sale context, nearly every purchase agreement contains a lengthy disclaimer describing every possible diligence matter that could ever arise and repeatedly dismissing or waiving any liability in connection with such matters for the seller.   (full story)

  • Phenix Salon Suites ramps up Houston expansion
    (chron.com - 3/15/2019)
  • Phenix Salon Suites has nailed down five Houston area locations as the Encinitas, Calif.-based franchise continues its expansion across the U.S. Dixon estimates the Houston market could grow to 30 locations in the next decade.   (full story)

  • Zumiez Delivers Robust Holiday Quarter
    (sgbonline.com - 3/15/2019)
  • The company currently intends to open approximately 14 new stores in fiscal 2019, including up to 5 stores in North America, 7 stores in Europe and 2 stores in Australia.   (full story)

  • Court rules in Rent-A-Center’s favor
    (furnituretoday.com - 3/15/2019)
  • Late last year, Rent-A-Center terminated a merger agreement with Vintage Capital after the rent-to-own company didn’t receive an extension noticed the company said was required by Vintage by a Dec. 17 deadline.   (full story)

  • Hirz: Smart & Final’s Fiscal 2018 Performance Was ‘Solid’
    (theshelbyreport.com - 3/15/2019)
  • The company’s full year guidance for the year ending Dec. 29, 2019, includes net sales growth of 2.5-3.5 percent; comparable store sales growth of 1.5-2.5 percent; one new Smart & Final Extra! store and four Smart Foodservice Warehouse stores; one or two relocations of legacy format stores to the Extra! format.   (full story)

  • Primanti Bros. Restaurant and Bar Opens First Airport Location
    (restaurantnews.com - 3/14/2019)
  • Primanti Bros. Restaurant and Bar – the 86-year-old, Pittsbugh-based casual purveyor of sandwiches topped with French fries – has more than doubled the number of restaurants it operates since 2013. After two years of regional expansion in five states, Primanti Bros. returned home to open the concept’s first ...   (full story)

  • The Dog Stop Signs Franchise Deal for 20 Locations in South Florida
    (petproductnews.com - 3/14/2019)
  • The Dog Stop, an all-inclusive indoor/outdoor dog care chain, has signed a master franchise agreement to develop approximately 20 locations in South Florida, with the first store opening in ...   (full story)

  • Entrepreneur Magazine Names The Camp Transformation Center To Its Fastest-Growing Franchises List
    (franchising.com - 3/14/2019)
  • In 2018, The Camp added 28 locations and is currently targeting key territories across the country for new market growth.   (full story)

  • Bailey Banks & Biddle Closes 2 of Its 5 Stores
    (jckonline.com - 3/14/2019)
  • In the last two months, Bailey Banks & Biddle—one of America’s oldest and most prestigious jewelry chains—has shut stores in Houston and King of Prussia, Pa.   (full story)

  • Del Frisco’s to Slow Growth in 2019 as Integration Ramps Up
    (foodnewsfeed.com - 3/14/2019)
  • DFRG said it would open seven to eight restaurants in 2019, down form the 11–13 units it forecasted back in November. That consists of one ...   (full story)

  • Buffalo Wild Wings' Comeback Appears Very Real
    (foodnewsfeed.com - 3/14/2019)
  • One of the benefits of going private, from the company's perspective at least, is the ability to control the narrative. You’re not tied to reporting quarterly earnings in front of investors each period. It isn’t necessary to shine up a positive message, especially if there isn’t one. Restaurants can batten down the hatches, so to speak, and emerge when there’s something to share. It also makes it easier to operate and strategize from a long-term view given there aren’t day-to-day spikes and plummets.   (full story)

  • Texas Multi-Brand Operator Adds Chicken Salad Chick To Portfolio
    (franchising.com - 3/13/2019)
  • Restaurant industry veteran and multi-brand operator Luis Ibarguengoytia is preparing to open the doors on the second location of his 15-unit development deal with Chicken Salad Chick.   (full story)

  • Southern Tire Mart to Buy 46 GCR Stores From Bridgestone
    (truckinginfo.com - 3/13/2019)
  • The GCR stores and retread plants being purchased by Southern Tire Mart are located in Alabama, Arkansas, Arizona, the Florida Panhandle, Georgia, Louisiana, Mississippi, New Mexico, Nevada, Tennessee, Texas, Utah and Virginia.   (full story)

  • Captain D’s Accelerates Florida Growth
    (qsrmagazine.com - 3/13/2019)
  • Captain D’s announced the signing of two new franchise development agreements that will accelerate its ongoing growth in Florida. The brand has continued to identify the state as a key region for development ...   (full story)

  • Havertys heading to St. Louis market
    (furnituretoday.com - 3/13/2019)
  • Havertys said four new stores are on the drawing board for this year, including a new Atlanta market store, a relocation and two new market stores.   (full story)

  • Row House to Debut in Canada, Marking First International Studio
    (clubindustry.com - 3/13/2019)
  • Following its rapid development in the United States, Row House, a low-impact, high-energy indoor rowing concept, announced today its first international studio development in Canada.   (full story)

  • Gordy's Markets Rebrands After SpartanNash Purchase
    (andnowuknow.com - 3/13/2019)
  • The most recent development has seen five of the retailer’s stores being sold to Nash Finch in Chetek, Barron, Cornell, and Chippewa Falls, for a total of $15.1 million. The stores will be rebranded as Family Fare Supermarkets.   (full story)

  • Wild Birds Unlimited Continues to Soar in Franchisee Satisfaction
    (franchising.com - 3/13/2019)
  • The company is targeting to open 15 new stores and transfer approximately 10 existing stores in 2019.   (full story)

  • Big Blue Swim School Celebrates Opening of North Center Location with Ice Cream Social on March 16th
    (franchising.com - 3/12/2019)
  • The brand has four other locations in Illinois, including Niles, Hoffman Estates, Wilmette and Buffalo Grove. The brand is also rapidly expanding and seeking franchisees, particularly in the states of Colorado, Florida, Washington, Massachusetts, Arizona and ...   (full story)

  • DICK'S Sporting Goods Reports Full Year 2018 Earnings Per Diluted Share of $3.24, Near the High-End
    (prnewswire.com - 3/12/2019)
  • The Company expects to open seven new DICK'S Sporting Goods stores and relocate three DICK'S Sporting Goods stores in 2019...to open two new Golf Galaxy stores and relocate one Golf Galaxy store...   (full story)

  • Elk Creek Partners Has Upped Boot Barn Hldgs Position
    (finexaminer.com - 3/12/2019)
  • Boot Barn Holdings, Inc. Acquires Three-Store Boot Chain In Texas...Expects to Open 23 New Stores...   (full story)

  • Batteries Plus Bulbs launching Baltimore area expansion
    (baltimoresun.com - 3/11/2019)
  • The company already in Columbia, Timonium, Reisterstown, Rockville and Upper Marlboro and said it envisions at least seven more stores in areas such as Catonsville, Glen Burnie, College Park and ...   (full story)






     

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