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Flooring retailer increases growth outlook
After reporting a 13.2% first quarter same store sales increase, The Tile Shop boosted its full year profit forecast and said it would open between 9 and 12 stores this year.
With 116 stores in 31 states, The Tile Shop has benefitted from the same home improvement tailwinds as Home Depot and Lowe¹s, except its 21,000 square foot showroom style stores are focused exclusively on flooring.
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Meijer CEO talks expansion
Meijer has plans to open stores in Michigan's Upper Peninsula, Cleveland and Minneapolis during the next five years, reported MLive.com. "We see Cleveland as the next city to go to," said CEO Hank Meijer, with the first stores opening in 2018 or 2019, the report continued. [MLive.com]
