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Restaurant

  • Report: Urban Outfitters’ restaurant acquisition not too pricey

    Urban Outfitters Inc. will spend less than $20 million on its acquisition of Vetri Family Restaurant group, which owns the well-regarded Pizzeria Vetri chain, Bloomberg reported. The acquisition comes as consumers are spending more on “experiences” rather than clothing. “We believe that we do experiences really well and know our customer very well, and we have a lot of history in growing brands organically,” Urban Outfitters CFO Frank Conforti told Bloomberg.

  • Saks Fifth Avenue to offer retail, food and more in new stores in Canada

    Saks Fifth Avenue is pulling out all the stops to make its two upcoming stores in Canada true destinations whose attractions extend beyond buying the latest fashions.

    The company will open a163,000-sq.-ft. store at Toronto’s Eaton Centre at Queen Street on February 18, 2016, and a 150,000-sq.-ft. location at Sherway Gardens, also in Toronto, on February 25, 2016.

  • New retail coming to the Streets of St. Charles

    St. Charles, Mo. -- Cullinan Properties welcomes two new tenants to its mixed-use development Streets of St. Charles located in St. Charles, Missouri. MOD, a boutique specializing in affordable fashion for women of all age, will open its fourth location in spring 2016 on Beale Street and Supercuts is expected to open in early 2016.

  • Roof leak leads to $1.35 million slip and fall verdict against fast-food restaurant

    A law firm obtained a $1.35 million verdict for a victim after showing that Chipotle Mexican Grille was negligent in failing to repair a roof leak which, the firm said, ultimately lead to the victim's injuries.

    Here is the story, according to a release by the West Palm Beach, Florida-based Steinger, Iscoe & Greene:

    The store manager noticed the water pooling in the customer queuing area. He mopped and then verified the area was dry.

  • Retail Properties of America acquires center in the Washington, D.C./Baltimore corridor

    Towson, Md. -- Retail Properties of America announced it acquired Towson Square located in Towson, Maryland. The property was purchased for $39.7 million. Towson Square is a new development that opened in 2014 and is currently 96.6% occupied.

  • Urban Outfitters goes from skinny jeans to pizza

    In a new expansion of food and retail, Urban Outfitters Inc. is acquiring a Philadelphia-based restaruant chain.

  • Urban Outfitters in very surprising acquisition move

    In a new expansion of food and retail, Urban Outfitters Inc. is acquiring a Philadelphia-based restaurant chain. The move comes as many retailers are working to make their stores more experiential by adding various services, including food and beverages, to the mix.

  • Report: Fast-food CEO says company will adjust to wage increases

    The CEO of Popeyes, Cheryl Bachelder, believes it’s time to move past the debate involving minimum wage increases, Fortune reported. “We will adjust to increased costs just like we have before. Life will go on,” Bachelder said. [Fortune]

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