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Flip Flop Shops signs 100th franchise agreement
Atlanta -- Sandal retailer Flip Flop Shops announced Thursday it has signed its 100th franchisee agreement for a new store to be located in Universal Studios, Calif. The store will be followed by openings in Santa Monica and Las Vegas.
The announcement follows recent news about the growing chain’s master franchise deal for Canada, which will see units open across the country.
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Wal-Mart accelerating growth of Walmart Market
New York City -- Wal-Mart Stores is ramping up the opening of its mid-sized Neighborhood Market format, which is being renamed Walmart Market, said Bill Simon, president and CEO, Walmart U.S., on Wednesday at the William Blair & Co. Growth Stock Conference in Chicago.
The Market stores, which average around 42,000 sq. ft., are delivering returns on the same level as supercenters, Simon said, and can be approved and built in less time.
