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Breaking Retail Real Estate News
  • Fred's closing another 49 stores this summer, see the list
    (usatoday.com - 6/21/2019)
  • Discount chain Fred's is closing 49 more stores, the Memphis-based company announced Friday. It's the third round of closings since April and comes five weeks after "going out of business" liquidation sales began at 105 Fred's stores and follows the decision to shutter 159 locations.   (full story)

  • Pet Supplies Plus Signs 22 Franchise Agreements in Early 2019, Will Result in 46 New Stores
    (prnewswire.com - 6/21/2019)
  • Earlier this year, Pet Supplies Plus ranked No. 1 in the pet store category on Entrepreneur magazine's prestigious Franchise 500 list for the fifth straight year and No. 46 overall. With 460 stores open in 33 states, PSP is on track to surpass its goal of adding at least 50 stores by year end.   (full story)

  • Fatburger's Owner Buys Elevation Burger For $10M
    (restaurantbusinessonline.com - 6/20/2019)
  • The Los Angeles-based FAT Brands, which owns Fatburger and Ponderosa, among other chains, is paying a combination of cash and a “sellers’ note” to buy the Arlington, Va.-based Elevation Burger.   (full story)

  • As Pot Culture Goes Mainstream, Cheba Hut Looks To Grow—And Grow Up
    (restaurantbusinessonline.com - 6/20/2019)
  • We’re going to grow the company stores by three to four a year. We can do that with loans and cash flow. And there’s the prototype for franchisees. We’re fine where we’re at. We’re on track to hit 50 stores in two years.   (full story)

  • Salad franchise locating in Johnson City
    (johnsoncitypress.com - 6/20/2019)
  • Taveau’s restaurant will be the first Saladworks franchise in Tennessee. She plans to open other locations in Bristol and Kingsport.   (full story)

  • Grocery Outlet makes its public debut
    (supermarketnews.com - 6/20/2019)
  • Grocery Outlet aims to open 32 new stores during 2019, up from 26 last year. In filing its IPO, the company said it sees an opportunity to open more than 400 additional stores in its current market area plus another 1,600 locations in neighboring states, with the potential for as many as 4,800 stores nationwide over the long term.   (full story)

  • Ace to open 11 former OSH stores
    (hbsdealer.com - 6/19/2019)
  • With 173 new domestic store openings in 2018, Ace Hardware has more than 4,400 stores across the country. The former OSH stores where Ace intends to open are located in both northern and southern California.   (full story)

  • Healthy fast-casual chain Rush Bowls to open 5 Michigan locations
    (clickondetroit.com - 6/19/2019)
  • Rush Bowls is planning to open five Michigan locations, with their first location in Downtown Detroit, inside the District Detroit...   (full story)

  • Happy’s Pizza Marks 25 Years Primed for Explosive Growth
    (franchising.com - 6/19/2019)
  • The franchise has about 75 stores opened, with many more on the way, says Mark Wolok, vice president of business development for Happy’s Pizza franchise. Wolok says Happy’s Pizza locations are cooking across the country with franchise opportunities still available.   (full story)

  • Hungry Howie’s Makes Arkansas Debut Primed for More Expansion
    (franchising.com - 6/18/2019)
  • With more than 550 locations, Madison Heights, Michigan-based Hungry Howie's Pizza is looking to further expand its national footprint as a leading quick-service brand in new and existing cities. Along with Arkansas, store openings are planned across a multitude of markets in 2019, including Arizona, Nevada, Texas, and Tennessee.   (full story)

  • Urban Air Adventure Park on the hunt for vacant space in South Florida
    (therealdeal.com - 6/18/2019)
  • A Dallas, Texas chain of indoor amusement parks is looking for more vacant stores in South Florida after leasing four suburban locations. Franchisees of Urban Air Adventure Park signed 10-year leases to occupy a freestanding store in Coral Springs and three other stores at shopping malls in Kendall, Plantation and Wellington.   (full story)

  • Franchise Celebrates Landmark Opening with Plans for Growth in 2019 and Beyond
    (finance.yahoo.com - 6/18/2019)
  • Russo's New York Pizzeria, the nation's only chef-driven New York-style, Italian restaurant and pizzeria franchise concept, marks its 50th location in the Pearland Town Center. The Pearland location's milestone opening was one of five openings for the brand in 2018, with new locations in ...   (full story)

  • Crate and Barrel Acquires Hudson Grace
    (designretailonline.com - 6/18/2019)
  • Chicago-based home goods retailer Crate and Barrel has announced its acquisition of boutique home décor provider Hudson Grace. The San Francisco-based company will be overseen and grown by Crate and Barrel through expansion into niche markets and an invigorated online presence.   (full story)

  • BizCom Associates Welcomes School of Rock to Client Roster
    (franchising.com - 6/18/2019)
  • “As School of Rock continues to see significant growth and expansion worldwide, we needed a PR partner to support the brand as it targets new markets and customers within the music education space,” said Rob Price, CEO of School of Rock.   (full story)

  • Hip Hop Helps Versace Expand With 300 New Stores
    (forbes.com - 6/18/2019)
  • Capri Holding’s, Versace’s new owner due to its $2.1 billion acquisition of the iconic Italian brand is vying for a bigger stake with urban consumers by opening 300 new stores by 2022.   (full story)

  • Hooters Opens 20th Location in Georgia
    (foodnewsfeed.com - 6/17/2019)
  • In the last 3 years, Hooters has opened 30 new corporate-owned locations and 35 franchise-owned locations. Hooters is accelerating its growth of new restaurants, both with franchise and company owned locations, and is actively seeking qualified franchise partners to open new locations in select markets across the U.S. and around the globe.   (full story)

  • Is This a Sign That Dollar General Is a Buy?
    (fool.com - 6/17/2019)
  • CEO Todd Vasos said the chain opened 240 new stores during the first quarter and plans 975 new locations for all of 2019...   (full story)

  • Eyemart Express Opens 200th Milestone Store with Expansion in Florida
    (prnewswire.com - 6/17/2019)
  • Eyemart Express, a leading national optical retailer and fastest provider of quality eyewear in the industry, announces its expansion into Florida with the opening of its 200th store...   (full story)

  • Bowling returns to this East Bay city
    (eastbaytimes.com - 6/17/2019)
  • Along with Hayward, two additional stores are set to open in Burbank and Roseville, which will bring the number of Round One locations in California to 11.   (full story)

  • The Case for Growing in Developing Areas
    (foodnewsfeed.com - 6/17/2019)
  • Real estate professionals often say the three most important factors in real estate are location, location, and location. This rings true in residential real estate—however, its impact may be even more significant in commercial real estate for certain kinds of businesses.   (full story)

  • 100 Years and Counting: A&W Finds its Groove in the 21st Century
    (franchising.com - 6/15/2019)
  • ... We are focused on an accelerated growth plan with a goal of adding another 50 to 75 restaurants per year to our pipeline, with a continued focus on growing profitable same store sales.   (full story)

  • Twin Peaks Signs Development Deal for Nashville
    (foodnewsfeed.com - 6/14/2019)
  • Twin Peaks is heading to Nashville. CEO Joe Hummel announced that the company executed a second area development agreement with Permian Entertainment, LLC, an entity created by Graham Brothers Entertainment, to bring three Twin Peaks locations to the Nashville area. The agreement anticipates ...   (full story)

  • Roy Rogers Unveils New Store Design, Preps for Growth
    (qsrmagazine.com - 6/14/2019)
  • The store remained open throughout renovations. Roy Rogers plans to update its test kitchen store in Frederick, Maryland, next. After, the company said it would remodel one additional restaurant and open two new ones with the design before rolling it out systemwide.   (full story)

  • Bankrupt Z Gallerie downsizing Gardena HQ, slashing 196 jobs
    (dailybreeze.com - 6/14/2019)
  • As part of the restructuring, 17 of the company’s 76 stores nationally will eventually close. Southern California locations include Torrance, Sherman Oaks, Mission Viejo, Costa Mesa, Corona and Newport Beach.   (full story)

  • Salad Wars Heating Up: Salata Making Its Move
    (forbes.com - 6/14/2019)
  • It introduced 10 new locations in 2018 and plans to add a minimum of 20 in 2019 and that could rise to 25. Can you spell rapid-fire growth?   (full story)

  • Blain’s First Michigan Store Off To A Great Start
    (wkhm.com - 6/14/2019)
  • While Jackson was the first Blain’s to come to Michigan, it hasn’t been the last. Since then, Kilmer says they’ve been busy expanding the empire. “We are growing, our first store was the Jackson store in Michigan, and then Portage. We just opened last month in Traverse City, and we are opening in Holland in the fall.”   (full story)

  • Lands' End comes to the Christiana Fashion Center as brick-and-mortar business expands
    (delawareonline.com - 6/14/2019)
  • The Lands' End in the Christiana Fashion Center is the company's first standalone Delaware location, and one of 10 stores the company has recently opened in its new "lighthouse" format. By the end of 2019, Lands' End plans to have between 26 and 31 standalone U.S. stores. Its recent expansion has been focused in the midwest and the northeast.   (full story)

  • Olga's opens at MGM
    (crainsdetroit.com - 6/14/2019)
  • Team Schostak wants to open three to five Olga's in the next three years. It has 27 locations, according to its website.   (full story)

  • Badcock celebrates grand openings for 2 Tennessee stores
    (furnituretoday.com - 6/14/2019)
  • An additional 12 grand openings are slated to take place later this year, with new stores slated for the Carolinas, Virginia, Florida and Georgia.   (full story)

  • Burlington beats estimates on Q1 results
    (news.alphastreet.com - 6/14/2019)
  • The company updated its outlook for the full year of 2019 and now expects total sales to increase 8.5-9.2% and comparable store sales to increase 1.3-2.1%. Burlington plans to open 50 net new stores and invest capital expenditures of approx. $310 million.   (full story)

  • Whataburger Sells Majority Interest to BDT Capital Partners
    (qsrmagazine.com - 6/14/2019)
  • On June 14, the San Antonio-based brand, with 828 units and sales of more than $2 billion annually, announced Chicago-based BDT Capital Partners agreed to acquire a majority interest ... Hagge added the company would “pursue accelerated growth in existing and new markets.”   (full story)

  • Bubbakoo’s Burritos to Enter Louisville Market
    (qsrmagazine.com - 6/13/2019)
  • With nearly 30 locations open in New Jersey and Philadelphia, Bubbakoo’s Burritos, a Jersey Shore-based eatery that touts Mexican food fused with American flavor, has set its sight on a new market—Louisville. The brand signed a development deal to open five restaurants in the Bluegrass State ...   (full story)

  • After An Impressive Start To The Fiscal Year, How Is Lululemon Athletica Expected To End FY-2019?
    (forbes.com - 6/13/2019)
  • Higher revenue was driven by comparable store sales growth of 6% and a whopping 33% increase in direct-to-consumer net revenue during the quarter, along with net opening of 15 new stores...   (full story)

  • Duluth Holdings Inc. Announces First Quarter Fiscal 2019 Financial Results
    (finance.yahoo.com - 6/13/2019)
  • The increase in retail net sales was driven by new stores with 51 stores in the first quarter of 2019...   (full story)

  • Why Should You Hold Onto Sherwin-Williams Stock for Now?
    (finance.yahoo.com - 6/13/2019)
  • The company added 76 net new stores in 2018...It also added 15 stores in the first quarter. Plans are in place to add around 90-100 net new stores in 2019...   (full story)

  • Vince Holding Corp. Reports First Quarter 2019 Results
    (finance.yahoo.com - 6/13/2019)
  • The Company ended the quarter with 59 company-operated stores, a net increase of 2 stores since the first quarter of fiscal 2018...   (full story)

  • Chicken Salad Chick to Open First Illinois Location
    (qsrmagazine.com - 6/12/2019)
  • Chicken Salad Chick announced it will be expanding to its 15th state with its first Illinois restaurant opening in Edwardsville. The Edwardsville restaurant is the brand’s third location in the St. Louis area, with existing restaurants in Chesterfield and Creve Coeur, and marks Chicken Salad Chick’s entrance into another new state. The brand has plans to continue focusing on Illinois expansion with ...   (full story)

  • Landlords Target Dining, Personal Services and Fitness to Woo Customers
    (rebusinessonline.com - 6/12/2019)
  • On the landlord side, property owners are working hard to make their retail sites attractive and relevant in today’s market. This includes an emphasis on curb appeal and redeveloping spaces that may previously have been occupied by a big-box tenant. Many are turning larger vacancies into multiple spaces to accommodate junior anchors and smaller tenants at a time when many retailers are rightsizing and working to maximize efficiencies.   (full story)

  • Subway giving franchisees $10K remodel grants
    (restaurantdive.com - 6/12/2019)
  • So far, about 5,400 operators have applied for the grant. Even with the less expensive option, reaching every store could be quite a feat. About 555 units in North America have been updated so far and there are about 24,800 Subways in the U.S. alone.   (full story)

  • Dave & Buster’s says fast-casual venture is off to slow start
    (nrn.com - 6/12/2019)
  • Dave & Buster’s Entertainment Inc., which has featured full-service dining since its founding in 1982, made its first foray into the fast-casual segment last December with the debut of T&T Tacos at a signature Dallas location, but the concept has not performed as expected ...   (full story)

  • Salata launches first rebrand in 14-year history
    (nrn.com - 6/11/2019)
  • At the store level, the Houston-based fast-casual chain plans to overhaul more than 80 stores over the next five years to accommodate a new generation of diners. The redesigned locations will resemble the brand’s new ...   (full story)

  • Lovesac sales up in Q1, but reports overall net loss
    (furnituretoday.com - 6/11/2019)
  • The company opened five new showrooms and remodeled three showrooms in the first quarter. It now has a total of 78 showrooms in 38 states.   (full story)

  • Retail Lenders to Borrowers: Tell Me A Story
    (rebusinessonline.com - 6/11/2019)
  • “When we vet a deal for a lender, we’re not only looking at liquidity and experience, but also the extent to which the sponsor has mimicked the deal,” he says. “For example, have they re-tenanted a grocery anchor before? Have they successfully executed renewals under the terms of the original lease? These are the kinds of questions you have to ask to get a property’s real story.”   (full story)

  • Casey's Value Creation Plan Delivers Results in FY2019
    (csnews.com - 6/11/2019)
  • On the growth front, Casey's opened 56 new stores and acquired 24 stores in FY2019. In addition, it replaced eight stores and has eight acquisition stores under agreement to purchase. "Currently, we have 81 stores in our pipeline, including 41 under construction, which puts us off to a great start for achieving our unit growth goals for the new fiscal year," Handley noted.   (full story)

  • EG Group Rebranding Minit Mart C-Stores
    (cspdailynews.com - 6/10/2019)
  • EG America, the U.S. arm of United Kingdom-based EG Group, will rebrand the 225 Minit Mart convenience stores it acquired from TravelCenters of America to a new brand: EG America, CSP Daily News has learned.   (full story)

  • Chick-fil-A to become 3rd largest restaurant chain
    (trussvilletribune.com - 6/10/2019)
  • Despite being closed on Sundays, Chick-fil-A is on pace to become the third largest restaurant chain in the United States ... The chain has opened more new stores, while ...   (full story)

  • At Kahala Brands, it's 28 Brands, One Unified Mission
    (qsrmagazine.com - 6/10/2019)
  • Under the roof of a nondescript brick two-story building in Scottsdale, Arizona, sits the nerve center of an atypical restaurant enterprise. Some 250 employees covering areas like digital marketing, culinary, legal, and construction hustle about with a unified, single-minded purpose: to support the growth of 28 quick-service concepts.   (full story)

  • Blaze signs multi-unit Wisconsin deal
    (pizzamarketplace.com - 6/10/2019)
  • Blaze Fast-Fire'd Pizza has signed a multi-unit deal for Wisconsin with franchise operator Dianne Mayer to open six stores in Madison, Appleton, Fox Valley and Green Bay, beginning with the ...   (full story)

  • Wawa everywhere! Multiple stores coming to Monmouth, Ocean
    (app.com - 6/10/2019)
  • It is one of three Wawas approved in Brick. Another on Route 70 at Duquesne Boulevard is expected to start construction soon, said Maurice Zekaria, president of Paramount Realty in Lakewood.   (full story)

  • Discount grocers will account for more than half of store openings this year
    (grocerydive.com - 6/10/2019)
  • Discount retailers, led by dollar stores and Aldi, will account for more than half of retail store openings this year, according to data from Coresight Research cited by CBS News. Out of the almost 2,780 new locations slated for 2019, about 1,800 belong to discount chains.   (full story)






     

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