Store Expansion News: May update
Retailers and restaurants alike made headlines in May with store expansions and new formats.
Here are the major stories as reported by CSA, starting with the most recent.
T&T Supermarket plans second U.S. store Canada's largest Asian grocery T&T Supermarket Inc. announced plans for its second location in Washington State. Located in Lynnwood, the store will pair with a yet-to-be-opened store in Bellevue, both serving different parts of the Greater Seattle area.
Dollar Tree to acquire 170 leases from 99 Cents Only Dollar Tree has acquired designation rights for 170 leases of bankrupt 99 Cents Only Stores across Arizona, California, Nevada and Texas. As part of the deal, Dollar Tree also acquired the North American intellectual property of the retailer and select on-site furniture, fixtures and equipment.
Sierra hits milestone store count Sierra, part of the TJX Companies family of brands, opened its 100th location in Sheboygan, Wis. on May 31. Located at the Deertrace Kohler shopping center, the store has a wide product assortment that includes apparel, shoes and outdoor gear such as kayaks, sleeping bags, sporting goods, ski and snow items and more.
Walmart expands Neighborhood Market footprint The retail giant opened two new Neighborhood Market locations — a converted one in the Dune Lakes area of Santa Rosa Beach, Fla., and a newly constructed one in Atlanta’s Vine City neighborhood — as part of a larger expansion plan for the format.
FAO Schwarz makes Paris debut The iconic toy brand unveiled a 7,000-sq.-ft. shop on the the fifth floor of Galeries Lafayette Paris Haussmann. The legendary Parisian department store welcomes 37 million tourists a year.
Playa Bowls plans dozens of new stores The superfruit bowl quick-serve chain announced the signing of 14 multi-unit franchise commitments during the first quarter of 2024, which will 63 new shops in key markets. The also signed nine additional single unit franchises in the first quarter.
Bared Footwear opens first U.S. store Located in Manhattan's SoHo neighborhood, the store is Bared Footwear's first outpost outside of its native Australia. The brand, founded by a podiatrist, has its sights set on Los Angeles for its next U.S. location.
Dutch Bros to open 150+ stores The fast-growing drive-thru coffee chain opened a record 45 shops across 14 states during its first quarter — the 11th consecutive quarter of 30 or more new shop openings — of which 40 were company-operated. Dutch Bros remains on track to open a total of 150 to 165 new locations this year.
Floor & Decor opens first NYC store The specialty hard-surface flooring retailer opened its first-ever store in New York City, a flagship in Brooklyn’s Sunset Park neighborhood, on May 6. The 129,000 sq. ft. store takes over the second floor of Liberty Bklyn, a 1.3 million sq. ft. mixed-use facility, replacing space previously occupied by Bed Bath & Beyond, Buy Buy Baby and World Market.
Rally House continues expansion Following recent openings in Philadelphia, Louisville, West Virginia and Chicago, as well as its first New York State opening in Buffalo, the sports merchandise and gifts retailer has hit 200 locations nationwide. Rally House opened more than 100 of its 200 stores in a two-year span.
Marco's to expand in Midwest The pizza chain announced a new 15-unit franchise agreement that will open new locations in northwest Ohio and northeast Indiana. The agreement also includes the resale of nine locations in northwest Ohio.