Store Expansion News: July update
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- Ace Hardware reaches 5,000 U.S. locations In the first six months, Ace Hardware opened 111 new stores – a record-breaking feat for the retailer. A new store, Fixit Ace Hardware in Roswell, Ga., is recognized as Ace's 5,000th domestic location.
- Qdoba to open 30 new Carolina stores The fast-casual Mexican chain announced a 30-unit development deal with Wichita-based Thrive Restaurant Group, bringing new restaurants to the Carolinas by 2028 in Greenville (N.C.), Wilmington (N.C.), Myrtle Beach (S.C.), Columbia (S.C.) and Greenville (S.C.).
- Wendy's to enter two new European markets The quick-serve restaurant company signed two development agreements with franchisees in the Republic of Ireland and Romania, supporting Wendy’s expansion goals to develop hundreds of restaurants across Europe over the next decade.
- Mango debuts first international location of its teen-focused store concept Spanish fashion giant Mango unveiled the first location beyond its home market of its teen-focused store concept with the opening of a store in London. The 2,475-sq.-ft Mango Teen is located at Foubert’s Place, near Carnaby Street.
- Ikea to open on NYC's Fifth Avenue Ingka Investments has taken a stake in 570 Fifth Avenue, a one million-sq.-ft. Class-A retail and office tower being developed by Extell Development Company. An Ikea store will be located in the building's prime retail space of 80,000 sq. ft.