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  • Ross Dress for Less on the move in Texas

    Ross Dress for Less opened a new store in El Paso, Texas on March 5.

  • Dollar General to open 1,000 stores in 2017

    Dollar General will break its own record for store expansion in 2017. And that’s saying a lot.

    The discounter is already in high gear, with plans to open a record 900 stores and remodel or relocate about 875 existing locations in 2016. But it’s upping the total for 2017, forecasting some 1,000 new stores and 900 remodels or relocations, which is in line with its model of 6% to 8% square footage growth.

  • Ross Dress for Less expands in Tennessee

    Ross Dress for Less opened a store in Sevierville, Tennessee, on March 5.

    The 25,000-sq.-ft. store is located in Sevierville Commons, 20 miles southeast of Knoxville at the southeast corner of Winfield Dunn Parkway and Old Douglas Dam Road.

    The opening is part of the retailer’s 2016 expansion program, totaling about 70 new locations during the year.

  • Phillips Edison Grocery Center REIT II, Inc. and TPG Real Estate announce partnership

    Cincinnati -- Phillips Edison Grocery Center REIT II and TPG Real Estate announced the formation of a partnership to acquire high-quality, value-added grocery-anchored shopping centers throughout the United States. The Partnership will invest up to $250 million of equity and plans to leverage this capital to achieve a $750 million acquisition target.

  • New leadership summit focused on CPG solutions

    Top merchants from Walmart, CVS Health and Family Dollar are among a group of consumer packaged goods leaders gathering in Chicago soon for a first-of-its-kind event focused on one of the industry’s most daunting challenges.

    On May 24, Chain Store Age sister publication Drug Store News and Mack Elevation Forum will host The Future Leaders Summit. The one-day event will feature seven high-impact leaders who will share their ideas and philosophies on attracting talent and leading in a hyper-competitive world.

  • Five Below to become newest member of $1 billion club

    Five Below is accelerating new store growth again this year and has shared a long-range profit forecast indicating that the value-oriented teen and tween retailer expects accelerating growth to be a recurring theme.

    A net increase of 71 new stores last year – on top of 62 units the prior year – enabled Five Below to increase sales 23.7% to $326.4 million in the fourth quarter and 22.3% to $832 million during the fiscal year ended Jan. 30. Also contributing to the top line growth was a fourth quarter same store sales increase of 3.6% and a full year increase of 3.4%.

  • Ross Dress for Loss adds another location in California

    Ross Dress for Less opened a new store in Port Hueneme, California on March 5.

    The 23,000-sq.-ft. foot store is located at Mandalay Village Marketplace, 63 miles northwest of Los Angeles and 40 miles south of Santa Barbara, along Channel Islands Boulevard and Wheelhouse Avenue.

    With this location, Ross operates 278 stores in California, its largest state. The opening is part of the retailer’s 2016 expansion program that will see it open some 70 new locations during the year.

  • Five Below ramping up store growth

    Five Below is accelerating new store growth again this year.

    The tween and teen retailer shared a long-range profit forecast which indicates it expects accelerating growth to be a recurring theme. It plans to open 85 new stores this year, adding to its base of 437 units.

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