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Breaking Retail Real Estate News
  • Mavis and Express Oil Change & Tire Engineers Are Merging
    (moderntiredealer.com - 2/23/2018)
  • The combined company will operate more than 830 locations in 24 states across the East Coast, South and Midwest. Golden Gate Capital expects to continue to invest behind this scale platform to accelerate new unit development and to acquire additional automotive service providers in the combined company’s core and contiguous markets.”   (full story)

  • Romano’s Macaroni Grill Emerges from Chapter 11 Protection
    (businesswire.com - 2/22/2018)
  • The Company filed for Chapter 11 protection on October 18, 2017 and emerged from bankruptcy on February 15, 2018. The Company successfully renegotiated lease terms, vendor contracts and secured $13.5MM in new capital to both fund the restructuring efforts and invest directly in the Company in the form of human capital and systems.   (full story)

  • Texas Roadhouse hones Bubba’s 33 concept
    (nrn.com - 2/22/2018)
  • The Louisville, Ky.-based casual-dining company said its second brand, which ended the fourth quarter with 20 units, will open seven new restaurants this year.   (full story)

  • Here's Why Texas Roadhouse is Cooking the Competition
    (foodnewsfeed.com - 2/22/2018)
  • Texas Roadhouse is on target to open about 30 company restaurants in 2018, including up to seven Bubba’s 33s. The brand is looking at as many as six new international locations this year, including its first unit in Mexico.   (full story)

  • Taco Bell Overtakes Burger King as the Fourth-Largest U.S. Chain
    (bloomberg.com - 2/22/2018)
  • The Mexican-themed chain eclipsed its burger rival in U.S. sales last year, becoming the fourth-largest domestic restaurant brand, according to a preliminary report by research firm Technomic. McDonald’s Corp., Starbucks Corp. and Subway Restaurants held on to the top three spots.   (full story)

  • Is Toys ‘R’ Us nearing the point of no return?
    (retailwire.com - 2/22/2018)
  • When Toys “R” Us filed for Chapter 11 bankruptcy protection last September, the company made the point that “the vast majority” of its locations were profitable and that it expected to keep most of its 1,600 stores (800 in the U.S.) open. Five months later, the chain has announced plans to close another 200 stores, effectively cutting in half the number of stores it operates in the U.S.   (full story)

  • Brookshire's to Acquire 8 Winn-Dixie Stores in Louisiana
    (progressivegrocer.com - 2/22/2018)
  • “We’re excited about this agreement and the opportunity it provides us to further grow and expand in this region. These stores are a strong fit for our Super 1 Foods banner, and we look forward to welcoming new customers and employees in Acadiana,” said Brad Brookshire, chairman and CEO of Tyler, Texas-based BGC. “We’re a family business celebrating our 90th anniversary this year, and we look forward to many more years here.”   (full story)

  • Hmart supermarket launches Korean food hall in Texas
    (supermarketnews.com - 2/22/2018)
  • Hmart, the largest Asian supermarket chain in America, started as a corner store in Queens and now has more than 60 locations nationwide with another 15 expected to open this year. At a new location in Austin, Texas, Hmart is adding a new feature that will be grown nationwide: a Korean food hall.   (full story)

  • Indochino to open 4 new stores this spring
    (retaildive.com - 2/22/2018)
  • Indochino announced four new stores opening this spring in the southern U.S...plans for an expansion this year that will also include new locations in Atlanta, Denver and San Diego...   (full story)

  • NY supermarket chain Tops files bankruptcy, cites debt and Amazon
    (cnbc.com - 2/21/2018)
  • Tops said it expects the 169 stores it operates in upstate New York, Pennsylvania and Vermont to remain open while it restructures under Chapter 11 of the U.S. bankruptcy code in White Plains, New York. Tops said it has lined up $265 million of financing to help operate during the reorganization process, and is in "constructive" talks with some bondholders.   (full story)

  • Tire Discounters Expands Again, Now at 113 Locations
    (tirereview.com - 2/21/2018)
  • Tire Discounters, continues its aggressive growth plans with the opening of two new locations — No. 112 and No. 113, including a new warehouse. The company is currently the nation’s ninth-largest independent tire retailer and has already opened three stores this year, including two stores in Dalton, Georgia, and one in Huntsville, Alabama.   (full story)

  • Staymobile Buckeye Expansion Continues With 2 New Locations Cincinnati & Toledo
    (prnewswire.com - 2/21/2018)
  • the company currently operates more than 45 locations, both corporate and franchise, across the nation, with plans to expand nationally to as many as 300 stores over the next three years...   (full story)

  • The Wendy's Company Reports Preliminary 2017 Results; Announces 2018 Outlook And Updates 2020 Goals
    (franchising.com - 2/21/2018)
  • By the end of 2020, the Company now expects: Global restaurant count of ~7,250.   (full story)

  • Discount retailer Five Below opening 5 locations in Arkansas
    (arkansasonline.com - 2/20/2018)
  • Philadelphia-based discount retailer Five Below has plans to open five stores in Arkansas by the end of the year...   (full story)

  • Metro Diner to Open 50th Location in Sarasota on March 13
    (foodnewsfeed.com - 2/20/2018)
  • The 50th Metro Diner will be located at 6056 N. Lockwood Ridge Rd., with more than 35 additional diners planned in 13 states in 2018 ...   (full story)

  • Bankrupt Aerosoles Receives $26 Million Bid From Hedge Fund Alden Global
    (footwearnews.com - 2/20/2018)
  • Alden put up a “stalking horse” bid of $26.2 million for the majority of Aerosoles’ assets, which the company accepted...Alden’s bid is still subject to higher offers...   (full story)

  • Squisito Hits The Ground Running in 2018
    (restaurantnews.com - 2/20/2018)
  • The Squisito team is expanding into target markets across the Eastern seaboard. They are currently focusing on Maryland, Virginia, Delaware, Massachusetts, Ohio, Pennsylvania, New Jersey, North Carolina, South Carolina, Georgia and Florida. Future goals include a national expansion for the brand.   (full story)

  • DineEquity changes name to Dine Brands Global
    (nrn.com - 2/20/2018)
  • DineEquity Inc., the parent company of Applebee's Neighborhood Grill & Bar and IHOP, has changed its name to Dine Brands Global Inc., the Glendale, Calif.-based operator said ...   (full story)

  • Rhône Capital to acquire Fogo de Chão for $560M
    (nrn.com - 2/20/2018)
  • Rhône Capital will acquire Fogo de Chão Inc. in a cash deal valued at $560 million, the Brazilian steakhouse chain said ...   (full story)

  • RaceTrac Charts Major New Market Expansion
    (csnews.com - 2/20/2018)
  • RaceTrac Petroleum Inc. is embarking on its first move into a new market in more than 15 years. The Atlanta-based convenience store retailer plans to open 30 new convenience stores in Middle Tennessee by 2023.   (full story)

  • Grocery chain Albertsons to acquire Rite Aid
    (cnbc.com - 2/20/2018)
  • Grocery chain Albertsons plans to acquire the remainder of Rite Aid that isn't being sold to Walgreens Boots Alliance. The combined company will have a value of roughly $24 billion, including debt. The two will have about 4,900 locations, 4,350 pharmacy counters and 320 clinics.   (full story)

  • VF Corp. to sell Nautica brand; stock drops 10% after losses due to tax code changes
    (bizjournals.com - 2/19/2018)
  • VF Corp., Greensboro-based parent company of brands such as Vans, Wrangler and The North Face, has announced the decision to sell its well-known brand Nautica. VF purchased Nautica Enterprises Inc. in 2003 for $600 million.   (full story)

  • Chef David Chang: Restaurants are replacing retail as anchor tenants, and 'everyone wants one'
    (cnbc.com - 2/18/2018)
  • Today, restaurants and food establishments might occupy between 20 and 40 percent of a shopping center. A decade ago it was closer to 10 or 15 percent, according to commercial real estate and investment giant CBRE Group.   (full story)

  • Shop Talk: Austin first city to get new Office Depot concept BizBox
    (mystatesman.com - 2/16/2018)
  • The plan is to continue rolling out BizBox services at all 1,400 Office Depot stores nationwide, Moffitt said, using what the chain learns here to refine offerings going forward.   (full story)

  • Big Red Stores Expands in Arkansas
    (cstoredecisions.com - 2/16/2018)
  • The chain has begun construction on it’s 37th location in central Arkansas, located in North Little Rock on Counts Massie Road, and set to open in April 2018. In addition, Big Red plans to open two additional new stores in central Arkansas in 2018. One is located in Bryant, and the other is yet to be announced.   (full story)

  • Total U.S. Restaurant Count Dips
    (cstoredecisions.com - 2/16/2018)
  • The primary source of the decline in U.S. restaurant units was a 3% drop in independent restaurant units compared to a stable restaurant chain count. “The U.S. restaurant count is reflective of what’s happening in the foodservice industry today overall,” said Bonnie Riggs, NPD’s restaurant industry analyst. "Chains simply have more monetary resources to grow units whereas independents do not.”   (full story)

  • Bubbakoo's Burritos inks deal to bring the Jersey Shore upstate
    (fastcasual.com - 2/16/2018)
  • With nearly 20 locations operating and a robust pipeline, Bubbakoo's Burritos is looking to add 10 restaurants by year's end, according to the release.   (full story)

  • Winn-Dixie Owner Bi-Lo Prepares for Bankruptcy Filing
    (bloomberg.com - 2/16/2018)
  • Bi-Lo LLC, the supermarket company that owns the Winn-Dixie chain, is preparing for a potential bankruptcy filing as soon as next month...   (full story)

  • Andeavor Adds 760-Plus Stores in 2017
    (csnews.com - 2/16/2018)
  • In 2017, Andeavor increased its branded and retail store count by 31 percent, or 763 stores...began marketing in Mexico and opened the first ARCO station in Tijuana...   (full story)

  • How Much Pain Will the Bon-Ton Bankruptcy Cause for the Mall Sector?
    (nreionline.com - 2/16/2018)
  • The store closings could cause a ripple effect through the affected retail centers, as empty anchor spaces trigger co-tenancy provisions. Under those agreements, if an anchor space remains empty for a certain period of time it gives neighboring tenants the right to pay a reduced amount of rent, say industry sources.   (full story)

  • Warby Parker will operate nearly 100 stores by year's end and others are following its lead
    (cnbc.com - 2/15/2018)
  • The internet-first company helped spearhead the trend of "online moving offline," after it decided in 2013 to open its first store in New York, where so many shoppers were requesting a place to try their glasses on. From that point forward, moving into retail was a logical step for Warby to gain exposure, new customers and insights into shopping behavior.   (full story)

  • 4 Wheel Parts opening stores in Ill., Pa. and Texas
    (tirebusiness.com - 2/15/2018)
  • Off-road performance specialist 4 Wheel Parts is opening retail stores in Illinois, Pennsylvania and Texas this month...   (full story)

  • Malls and the future of American retail
    (curbed.com - 2/15/2018)
  • It’s not that bricks and mortar is out of fashion, but bad customer experience is out of fashion.” He lists other experiences that can’t be replicated online as the pillars of reborn shopping centers: pet grooming, spa services, walk-in medical care, shopping for fresh meat and produce. “Give people a reason to come beyond filling shopping bags,” as TIME put it last year.   (full story)

  • Shake Shack beats on earnings, forecasts massive expansion in 2018
    (cnbc.com - 2/15/2018)
  • Shake Shack expects to open between 32 and 35 new restaurants in the U.S. in 2018, the largest number of openings in one year in the company's history.   (full story)

  • JC Penney to close 8 stores in 2018. Here's where they are
    (cnbc.com - 2/15/2018)
  • It's part of the company's ongoing plan to right-size J.C. Penney's store fleet as more sales move online. J.C. Penney operates roughly 875 department stores today. That's after the retailer shuttered nearly 140 stores throughout 2017.   (full story)

  • Quaker Steak & Lube Unveils New 'Express' Model
    (franchising.com - 2/15/2018)
  • The franchise expects to add up to six corporate-owned Express locations in travel centers in 2018, and is fielding interest by existing franchisees to expand with the walk-up concept in strip centers, end caps, and through conversion of free-standing quick service restaurants.   (full story)

  • Twin Peaks Reaches New Heights
    (restaurantnews.com - 2/15/2018)
  • ... In 2017, we opened three new locations, in Maplewood, Mo., Pembroke Pines, Fla., and Southgate, Mich. We look forward to continuing the momentum in 2018.” ...   (full story)

  • Nestle Toll House Cafe by Chip expands again in Canada
    (qsrweb.com - 2/15/2018)
  • ... the franchisor of Nestle Toll House Cafe by Chip franchisor Crest Foods said he's signed a three-unit deal for Quebec with ...   (full story)

  • Teriyaki Madness Unveils Expansion Plans for Los Angeles
    (qsrmagazine.com - 2/15/2018)
  • Teriyaki Madness, one of America’s fastest growing fresh Asian fast casual concepts, is targeting Los Angeles for expansion. With five existing units in the area, the company has announced plans to open 20–25 additional locations through franchise partnerships and strategic development over the next   (full story)

  • The Key To E-Retailer Indochino's Explosive Growth The Past Three Years? Brick-And-Mortar
    (bisnow.com - 2/14/2018)
  • Today, Indochino has 20 showrooms in the U.S. and Canada and plans to expand to 37 by year’s end. The growth of Indochino’s brick-and-mortar strategy may look rapid in a short space of time, but Green said it has actually been a patient growth. The company opened 10 showrooms last year, focusing on high-demand target markets like Chicago and Seattle, based on customer trends and data, while also opening showrooms in major North American markets.   (full story)

  • Needs of prospective tenants change as retail industry evolves
    (newstimes.com - 2/14/2018)
  • “Retailers have always had their wish list of location and frontage,” Torelli said, “but what’s changed is the terms. Tenants are negotiating harder to obtain terms favorable to them.”   (full story)

  • Genesco is putting Lids up for sale
    (retaildive.com - 2/14/2018)
  • Genesco — which also operates Journeys, Schuh and Johnston & Murphy brands — said in a press release that it had begun a formal process exploring the sale of Lids after concluding it was "in the best interest of the company and shareholders" to focus on its shoe businesses...   (full story)

  • America’s Oldest Tex-Mex Chain Rings in 100 with Enchiladas and Excitement
    (foodnewsfeed.com - 2/14/2018)
  • In 1918—long before Chili’s, Chipotle, and Moe’s Southwest Grill took the concept nationwide—Tex-Mex food wasn’t being served in Texas, Mexico, or even the very restaurant operated by the creator of the now-ubiquitous cuisine. Now, the forefather of Tex-Mex restaurants is turning 100 years old.   (full story)

  • Aldi Invests in Missouri Stores, Plans New Store Openings
    (andnowuknow.com - 2/13/2018)
  • While these stores get their facelift, Aldi is stepping into new locations across the market...the retailer stated its plans to hold almost 2,000 U.S.-based locations by the end of the year...   (full story)

  • Illegal Burger Launches Expansion Plan With Six Properties
    (restaurantnewsresource.com - 2/13/2018)
  • West Coast Ventures Group Corp. which wholly owns fast-casual dining concept Illegal Burger announced today the Company has recently signed multiple Letters of Intent to acquire complimentary successful fast-casual operations in Colorado and Arizona.   (full story)

  • Überrito Could Open 100 Franchise Locations in Texas
    (qsrmagazine.com - 2/13/2018)
  • Überrito, a rapidly expanding leader in the fast casual Mexican food segment, announced that it has signed a Master Franchise Agreement that has the potential to bring more than 100 franchise locations throughout Texas.   (full story)

  • Pancheros Mexican Grill Plans Expansion for 2018
    (qsrmagazine.com - 2/13/2018)
  • Pancheros has several additional restaurants in its development pipeline to open in 2018. The first two of the year include openings in Spring House, Pa. and Davenport, Iowa. Plus, there are signed lease agreements already in place to open new locations several other markets this year. In sum, the brand anticipates adding seven to 10 ...   (full story)

  • Jollibee Foods Corporation becomes majority owner of Smashburger in $100M deal
    (fastcasual.com - 2/13/2018)
  • Smashburger, based in Denver, announced today that Jollibee Foods Corporation has acquired an additional 45 percent of the brand for $100 million USD, bringing JFC's ownership stake to 85 percent.   (full story)

  • Growing Flying Biscuit Cafe Unveils Plans for the Future
    (foodnewsfeed.com - 2/13/2018)
  • The franchise is expected to have 30 total restaurants open by 2020, effectively doubling its presence in under two years   (full story)

  • Freshii is a Health and Wellness Brand That Leads with Nutrition
    (franchising.com - 2/13/2018)
  • Freshii is taking the global healthy fast-casual restaurant segment by storm. With the goal to change the way people eat, along with a lot of competitive moxie, Freshii has grown to over 350 of restaurants in over 15 countries, and expects to have between 730 to 760 restaurants open by the end of ...   (full story)






     

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