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Development/Redevelopment

  • Johnny Rockets seeks to expand Asian foothold

    Aliso Viejo, Calif. – Johnny Rockets is now focusing its global expansion efforts on developments in Southeast Asia. The casual dining chain is seeking area developers for expansion into Thailand and Vietnam.

    Johnny Rockets currently operates Southeast Asian franchise stores in Indonesia, the Philippines and Malaysia through its 14 open restaurants and eight others in development.

  • Papa Murphy’s continues Jacksonville expansion

    Vancouver, Wash. – Papa Murphy’s Holdings Inc. is setting its sights on Jacksonville, Florida. The pizza chain is opening four new franchised stores in Jacksonville on Aug. 27.

    These stores will join five other Papa Murphy’s units already located in the greater Jacksonville area.
     

  • Modernizing Broadway Mall

    Hicksville, N.Y. -- Pacific Retail Capital Partners announced renovations are underway for Broadway Mall located in Hicksville, New York. Mall renovations will focus on updating the main entrance to provide a grander, more recognizable entrance, modernizing the walkways with new flooring and improving outdoor hardscapes and landscapes with new benches, seating, foliage and flowers.
     

  • Texas has space for fifth Amazon fulfillment center

    Seattle – Texas is known for its wide open spaces, and Amazon.com Inc. is slowly filling them in with distribution centers. Amazon plans to open a fifth Texas fulfillment center in San Marcos.

    Amazon employees at the 855,000 sq.-ft. San Marcos fulfillment center will pick, pack, and ship smaller customer items, such as books, electronics and toys.

  • Lowe’s Canada names VP of real estate

    Toronto, Canada — Lowe's Canada has named Jeff Boyd as VP, real estate, construction and store design effective immediately. Boyd joined Lowe's in October 2007 and has played an instrumental role in the development of the company's Real Estate and Construction function in Canada over the past seven and a half years.  
  • Tuesday Morning is turning things around

    The chief executive at Tuesday Morning says the company efforts to rehabilitate sales growth are working, as the company posted an increase in same store sales.

    The Texas-based retailer of closeout home furnishings said net sales in the fourth quarter ended June 30 increased 0.2% to $213 from $212.6 million, impacted by the net closure of 41 stores in the current fiscal year. Same store sales increased 3.6%.

  • Amazon to open yet another distribution center

    Amazon.com is planning to open a fifth fulfillment center in the state of Texas.

    In Texas, Amazon currently employs more than 3,500 full-time associates, has invested more than $400 million in the state and continues to grow its operations to meet customer demand. Amazon’s other Lone Star State fulfillment centers are located in Schertz, Coppell, and Haslet, with a fourth facility under construction in Dallas.

  • Stage Stores to shutter 90 locations

    Houston — Stage Stores Inc. plans to close 90 underperforming stores, representing 4% of total sales, after a disappointing second quarter that missed Wall Street expectations for profit and revenue. The retailer expects the closures to enhance its capital efficiency, deliver higher productivity and be accretive to earnings.

    The 90 closings include 27 stores expected to be shut down during fiscal 2015. Stage also plans to open three new stores during the fiscal year.

  • Stein Mart plans even more expansion in 2016

    On the heels of announcing accelerated plans for expansion in the Northeast and Midwest, Stein Mart has reported impressive sales results for the second quarter.

    The Florida-based off-price retailer reported net income of $4.1 million, up 58% from $1.7 million the prior year quarter. Sa,e store sales rose by 3%. Net sales rose 4% to $311.58 million from $298.16 million.

  • Starbucks to expand Puerto Rican presence

    San Juan – Puerto Rico calls to many with warm weather, beautiful beaches and friendly people. The U.S. island territory is also calling to Starbucks Corp., who is answering with a new franchise deal that will significantly expand its Puerto Rican presence.

    Starbucks has signed a licensing agreement with Baristas Del Caribe LLC, an affiliate of Puerto Rican conglomerate Empresas Fonalledas. Starbucks opened its first store in San Juan, in 2002 and today has 19 stores across the island, employing more than 340 employees.

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