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Report Details Retail and Restaurant Expansion Plans
Retailer demand for new locations is up across the board, according to ChainLinks Retail Advisors’ just-released National Retailer and Restaurant Expansion Guide. The report details the current expansion plans for hundreds of the largest U.S. retail and restaurant chains.
“As 2010 came to a close, growth plans were up 30% from the levels we recorded last year,” said ChainLinks’ research director, Garrick Brown,/ Right now, expansion plans are up 40% over last year’s levels.”
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Aldi takes a bite out of the Big Apple
NEW YORK — Discount grocer Aldi has opened its first-ever New York City-area store in the borough of Queens.
The store, which is located in Rego Park, marks the first of three grocery stores the company plans to open in New York, including new locations in the Bronx and Bay Shore, Long Island.
Aldi, which offers a limited assortment of items, said it will bring its standard floor plan to Queens, which includes wider-than-typical 8-ft. aisles.