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Breaking Retail Real Estate News
  • Smart & Final replaces Ralphs in north Torrance
    (dailybreeze.com - 12/13/2017)
  • However, the retailer is targeting more modest growth in 2018 despite seeing the opportunity for expansion into the Pacific Northwest and perhaps as many as 100 more located stores in existing markets such as Southern California.   (full story)

  • Calypso St. Barth liquidating all inventory, closing stores
    (hometextilestoday.com - 12/13/2017)
  • Tiger Group and Great American Group are supervising the going-out-of-business sales at 16 boutiques in New York, Georgia, Massachusetts, Colorado, California, Florida, Arizona, Maryland and South Carolina. Valued at a total of $15 million, the inventory is drawn from 25 Calypso St Barth’s boutiques, nine of which have already closed. The remaining 16 stores will be shuttered at the close of the liquidation process. Seven additional U.S. locations were previously closed.   (full story)

  • Earth Fare goes into the future of promotion optimization
    (stores.org - 12/12/2017)
  • The weight that AI carries will increase as Earth Fare continues its aggressive expansion program. “We recently opened our second store in Jacksonville, Fla., and we have another eight to go in the next 12 months and another 10 stores the year after that,” Scorpiniti says. “We’re trying to stay on a 25-percent-a-year store growth curve.”   (full story)

  • Home Improvement Retailer Busy Beaver Expands
    (hardwareretailing.com - 12/12/2017)
  • “We’re excited about our continued expansion plans for Busy Beaver during the next year across the entire region. Starting with Grove City, we’ll be pleased to offer local residents and businesses a customer-friendly store experience that addresses the needs of DIYers and supports local contractors,” Joe Kallen, CEO of the company, says.   (full story)

  • MTY Food Group growing beyond the food court with deal to buy Imvescor for $248M
    (canadianbusiness.com - 12/12/2017)
  • MTY Food Group Inc. is growing beyond the shopping mall food court with a $248-million stock-and-cash deal to buy Imvescor Restaurant Group Inc. and its full-service restaurant and grocery products businesses. The friendly deal will bring together such MTY banners as Thai Express, Vanellis and Manchu Wok with Imvescor’s Baton Rouge, Pizza Delight and Scores restaurants to create a company with a portfolio of over 5,700 stores under 75 brands.   (full story)

  • $1.8B Dallas company will soon enter 4,900 retail stores
    (bizjournals.com - 12/12/2017)
  • Dallas-based Interstate Batteries announced a partnership with Advance Auto Parts that will put its product in nearly 4,900 of the retailer's stores, the two companies announced today...   (full story)

  • Dave & Buster's to Grow with Smaller-Format Stores
    (foodnewsfeed.com - 12/12/2017)
  • Dave & Buster’s is expecting to open 10 large stores in 2018, including eight that are about 40,000 square feet, two between 30,000–40,000, and four at 30,000 square feet or less.   (full story)

  • Mattress Firm's Expansion Left It With Too Many Stores Too Close Together.
    (bisnow.com - 12/11/2017)
  • The clustered locations have come under new scrutiny in the wake of a lawsuit Mattress Firm filed in Harris County, Texas, against two of its former real estate executives, its outside broker and a group of developers.   (full story)

  • Charming Charlie files for Chapter 11 bankruptcy
    (reuters.com - 12/11/2017)
  • Fashion jewelry chain Charming Charlie LLC said on Monday it filed for Chapter 11 bankruptcy and entered into a restructuring agreement with lenders and equity sponsors. The majority of its stores and its website would operate as usual, Charming Charlie said, adding it would roll out a “back-to-basics” strategy, close underperforming locations and simplify business operations.   (full story)

  • Philly Pretzel Factory opening 25 stores in Manhattan
    (philly.com - 12/11/2017)
  • The company just signed a contract with Gotham Food Co. of New York City to open 25 stores in Manhattan, starting next year. Gotham is the franchisee that bought the development rights from Philly Pretzel for those new stores...   (full story)

  • Why they're going gaga over Wawa in Washington, D.C.
    (mcall.com - 12/9/2017)
  • Perhaps best of all for Wawa fanatics: Gheysens said to expect as many as 10 Washington stores by 2020. A Georgetown store is in the works for next year, and another location is under contract in Chinatown, Wawa’s director of store operations told the Washingtonian magazine.   (full story)

  • Retailers' December imports to rise on last-minute restocking: NRF
    (reuters.com - 12/8/2017)
  • Imports by retailers are estimated to rise 1.5 percent in December, indicating that companies are expecting strong sales through the holiday season, according to industry group National Retail Federation.   (full story)

  • Conn’s Resumes Retail Expansion
    (twice.com - 12/8/2017)
  • The multiregional furniture, appliance and tech chain, said it’s planning to open upward of nine new stores next year after limiting its ribbon-cutting to three locations in 2017.   (full story)

  • Exclusive: Could Rochester get an Ikea? Store scouting Henrietta sites
    (wgrz.com - 12/8/2017)
  • Based on a group of new stores opening around the U.S. in 2017 and beyond, the company appears to open locations on the outskirts of major cities, or between two major cities. New and planned stores in Grand Prairie, Texas, between Fort Worth and Dallas, and just outside Norfolk, Virginia, are examples of this potential strategy.   (full story)

  • Street Retail Looks to Malls in Figuring Out Ways to Cope With Big Rents
    (commercialobserver.com - 12/8/2017)
  • Young retail companies, e-commerce brands and even some legacy retailers looking for a brick-and-mortar presence are asking for terms long found in shopping centers—low base plus a percentage rent (meaning the retailer pays the landlord a certain percent of every dollar in sales over a certain threshold).   (full story)

  • Pedego hosts more than 200 retailers at annual dealer meeting
    (bicycleretailer.com - 12/8/2017)
  • In 2017, 24 new Pedego stores opened and DiCostanzo said the company's goal for this year was a sales growth of 30 percent. "But we didn't do that. We grew by 40 percent," he said. "So for 2018, our projection is to grow our sales by 50 percent and add 30 stores. We have 10 prospective dealers here, so we're already on our way."   (full story)

  • Six Takeaways from the ICSC New York Deal Making Conference, Day One
    (nreionline.com - 12/8/2017)
  • “I think last year a lot of people were a little unsure of the future, but I think the year has shown that retail is here to stay,” said Jeremy Schwartz, a senior associate of retail services at Avison Young, a commercial real estate services firm.   (full story)

  • Lidl hits the brakes on N.J. grocery store as other store plans scrapped
    (nj.com - 12/8/2017)
  • Plans by German discount grocer Lidl to begin construction on its second New Jersey store have stalled as the company hits the brakes on several proposed locations in other states.   (full story)

  • Judge orders Whole Foods to reopen shuttered Bellevue Square 365 store
    (seattletimes.com - 12/8/2017)
  • A King County judge has issued a preliminary injunction ordering Whole Foods Market to reopen its 365-branded store in Bellevue Square. The Amazon-owned organic grocer closed the store in October, early in the 20-year lease that Whole Foods signed.   (full story)

  • Struggling with Vacancy? You May Get a Break on Property Taxes
    (nreionline.com - 12/8/2017)
  • In many states, abnormally high vacancy at commercial properties should mean a lower tax bill. Market transaction evidence essentially dictates this result: States that assess taxable value on commercial properties based on market value, as though leased at market rents, should allow a deduction from that value when the property incurs above-market vacancy and collection losses.   (full story)

  • Snap Kitchen Shuts Chicago Operations
    (restaurantbusinessonline.com - 12/8/2017)
  • Snap Kitchen, a closely watched restaurant-retail hybrid, alerted customers and employees today that it will close all seven of its branches in Chicago next Thursday.   (full story)

  • NRF Consumer Survey Points To Busy Holiday Season
    (nrf.com - 12/8/2017)
  • With the holiday shopping season just around the corner, consumers say they will spend an average $967.13 this year, according to the annual survey conducted by Prosper Insights & Analytics for the National Retail Federation and released today. That’s up 3.4 percent from the $935.58 consumers said they would spend when surveyed at the same time last year.   (full story)

  • Brightway to open 3 new locations
    (insurancebusinessmag.com - 12/7/2017)
  • Brightway Insurance has announced the opening of three new agencies, one of which will be Brightway’s first branch in Tennessee...   (full story)

  • In-N-Out’s Colorado debut several years off
    (nrn.com - 12/7/2017)
  • “We are very early in the planning process in Colorado, and I would anticipate that we are still over three years away from opening our first restaurant,” said Denny Warnick,   (full story)

  • Good Times Restaurants Reports Q4 and Fiscal Year End Results
    (franchising.com - 12/7/2017)
  • Hoback added, “We opened two Bad Daddy’s on October 2nd and October 9th in North Carolina that had been planned for the last two weeks of fiscal 2017 and expect to open an additional seven restaurants during the balance of fiscal 2018 ..."   (full story)

  • Dollar General adding 900 new stores in 2018
    (retaildive.com - 12/7/2017)
  • The company also announced plans to build 900 stores, relocate 100 stores and to remodel another 1,000 in its fleet...   (full story)

  • Nike, Adidas & Vans Owed Big Bucks by Bankrupt Shiekh Shoes
    (footwearnews.com - 12/6/2017)
  • Shiekh Shoes LLC has joined a growing list of retailers that have flocked to bankruptcy court in recent months to seek Chapter 11 protection.   (full story)

  • Why Home Depot Is Spending an Extra $5.4 Billion on Stores and E-Commerce in Next Three Years
    (fortune.com - 12/6/2017)
  • At its investor day on Wednesday, Home Depot said it would roughly double the investment spending in the next three fiscal years to some $11.1 billion. The goal is to adapt to how consumers shop, improve in-store service but also lower costs for when the market turns eventually.   (full story)

  • UnitedHealth to buy DaVita clinics for $4.9 billion
    (cnbc.com - 12/6/2017)
  • UnitedHealth strikes a $4.9 billion deal to acquire the DaVita Medical Group unit from kidney dialysis firm DaVita in an all-cash transaction. DaVita Medical Group operates nearly 300 clinics and half a dozen outpatient surgical centers in six states – Florida, California, Colorado, Washington, Nevada and New Mexico.   (full story)

  • Wal-Mart Stores to change name to Walmart, as it shifts its focus to e-commerce
    (cnbc.com - 12/6/2017)
  • Walmart's formal legal name when it incorporated in 1969 was Wal-Mart, Inc. It changed its name to Wal-Mart Stores, Inc. in 1970 and kept that name in place until now. The legal change to Walmart Inc. will be effective in February.   (full story)

  • Walk-On’s Expanding with 11 New Locations
    (foodnewsfeed.com - 12/5/2017)
  • For over 10 years, Walk-On’s Bistreaux & Bar has exceeded guest’s expectations with its quality food and game-day atmosphere, resulting in exponential growth with no plans of slowing down ...   (full story)

  • Roots doubles down on physical stores with plans for up to 10 new locations in Canada, 14 in the U.S
    (calgaryherald.com - 12/5/2017)
  • By the end of fiscal 2019 the company wants to open 10 to 14 new Roots stores in the U.S., and had signed four leases thus far for 2018, including Boston and Washington, D.C.   (full story)

  • Dunkin’ Donuts Announces Plans for 9 New Sacramento Stores
    (fox40.com - 12/5/2017)
  • Dunkin’ Donuts says two franchisees are planning a combined nine new locations in the Sacramento area...   (full story)

  • U.K. Chain Cineworld to Buy Regal in $3.6 Billion Theater Deal
    (bloomberg.com - 12/5/2017)
  • The U.K.’s Cineworld Group Plc agreed to buy U.S. theater operator Regal Entertainment Group for about $3.6 billion to expand into the biggest movie market. The deal will bring the number of Cineworld screens to 9,542 in the U.S. and Europe, making it the No. 2 theater chain in the world by that metric, the company said in a statement.   (full story)

  • Houston-based retail chain to close underperforming stores, cut some local jobs amid bankruptcy repo
    (bizjournals.com - 12/4/2017)
  • The company announced its new “Back-to-Basics strategy” on Dec. 1 to “stabilize its business,” according to a press release. The strategy includes closing an undisclosed number of underperforming stores in the U.S., closing the company’s Los Angeles office and cutting jobs in its Houston corporate support center and distribution center. According to Reuters' sources, Charming Charlie is closing about 100 stores, including its flagship location in New York.   (full story)

  • Quiksilver making bid for Billabong
    (bizjournals.com - 12/4/2017)
  • Billabong told the Australian Stock Exchange that the offer from Boardriders was to acquire all of the company's shares for 76 cents each, valuing it at $150 million, reported BBC News. The offer is subject to a number of conditions, including approval by Billabong's board and due diligence.   (full story)

  • Former Marsh stores open under new name, ownership
    (daytondailynews.com - 12/4/2017)
  • Generative Growth purchased 15 Marsh stores in June for $8 million, and 14 stores will now reopen under the namesake Needler’s Fresh Market. All Generative Growth locations are managed by Fresh Encounter Inc., a Findlay-based supermarket management company founded by Michael and Susan Needler.   (full story)

  • New store openings accelerate for Five Below
    (retailleader.com - 12/4/2017)
  • During a year in which the retail industry saw record store closings, value retailer Five Below bucked the trend with more than 100 store openings with even more on tap for next year.   (full story)

  • Panda Express Celebrates Milestone Opening Of 2,000th Restaurant Worldwide
    (abcfoxmontana.com - 12/4/2017)
  • America's favorite Chinese kitchen, today announces the launch day of its 2,000th location in New York City on Dec. 7...   (full story)

  • Cottage Inn Pizza plans to add 5 new locations across West Michigan
    (mlive.com - 12/4/2017)
  • The Ann Arbor-based restaurant chain plans to add up to five new locations in the Greater Grand Rapids area...   (full story)

  • INDOCHINO Announces Three-Week Custom Apparel Delivery Promise
    (marketwired.com - 12/4/2017)
  • INDOCHINO, the world's largest made to measure apparel company, is setting a new standard in custom clothing by introducing a three-week delivery promise for all orders placed, starting December 1st, 2017. In addition, the company is announcing plans to open as many as 18 showrooms in 2018.   (full story)

  • Art Van eyes Top 10 spot with Wolf, Levin buys
    (furnituretoday.com - 12/4/2017)
  • Art Van Furniture’s acquisition of Top 100 companies Levin Furniture and Wolf Furniture sets the retailer up on yet another growth path while pushing the furniture giant to projected sales of $1.3 billion in 2018.   (full story)

  • CVS to Buy Aetna for $69 Billion in a Deal That May Reshape the Health Industry
    (nytimes.com - 12/3/2017)
  • A combined CVS-Aetna could position itself as a formidable figure in this changing landscape. Together, the companies touch most of the basic health services that people regularly use, providing an opportunity to benefit consumers. CVS operates a chain of pharmacies and retail clinics that could be used by Aetna to provide care directly to patients.   (full story)

  • Buffalo Wings and Rings eyeing 2018 Pensacola expansion
    (pnj.com - 12/3/2017)
  • Buffalo Wings & Rings is expected to add seven to eight more stores in 2018.   (full story)

  • Judge says Starbucks cannot close 77 Teavana stores in malls
    (latimes.com - 12/2/2017)
  • According to the New York Post, this is a very unusual decision. No court has ever specifically enforced a non-anchor client to continue operating like this before, the court ruling said. Real estate lawyers and retail experts said they were shocked.   (full story)

  • ATV Surpasses 100 American Tire Depot Stores
    (moderntiredealer.com - 12/1/2017)
  • ATV Inc. recently opened five stores to bring its network of American Tire Depot outlets to 102, all in California. ATV surpassed the 100-store mark in just 26 years.   (full story)

  • Stewart's Shops Enters Final Stretch of Busy Construction Season
    (csnews.com - 12/1/2017)
  • Stewart's Shops is ready to wrap up 2017 with the grand openings, bringing an end to the retailer's $50-million construction season. The investments included two new-to-industry convenience stores, 12 replacement stores, and 30 major remodels.   (full story)

  • Yesway Adds Five-Store Chain as Part of Latest Growth Move
    (csnews.com - 12/1/2017)
  • Yesway is expanding by six locations through the acquisition of Kansas-based KAPS LLC, a five-store convenience chain, and the New Deal Travel Center of Texas.   (full story)

  • Enmarket Expands With Acquisition of Clyde's Market Stores
    (csnews.com - 12/1/2017)
  • Enmarket Stations Inc. has taken over operations of 35 Clyde's Market convenience stores in Southeast Georgia. With the close of the acquisition, which CSNews Online first reported on in September, Enmarket footprint comprises 90 locations spanning across Georgia, North Carolina and South Carolina.   (full story)

  • Pincho Factory opening 9th unit
    (fastcasual.com - 12/1/2017)
  • Miami-based Pincho Factory is heading North with the launch of its second location in Broward County in Fort Lauderdale   (full story)






     

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