STORE SPACES

Fine jeweler to launch discount model
The nation’s largest family-owned and operated retail jewelry chain is opening its first-ever outlet stores. Rogers & Hollands Jewelers will launch a discount store prototype, Rogers & Hollands Outlet, this April. Two Rogers & Hollands stores in the Chicago area, one at North Riverside Park Mall and one at Golf Mill Shopping Center, will be rebranded, remodeled and reopened under the new banner.
First Look: Target’s next-generation store concept
Target Corp. has unveiled its next-generation store format, which will make its debut in Richmond, Texas, a Houston suburb, in October. In addition to the new 124,000-sq.-ft. Richmond store, 40 additional Target locations will receive elements of the redesign when they are updated, also in October.

Men’s grooming concept plans aggressive expansion in Texas

Hammer & Nails Grooming Shop for Guys, a new franchise that bills itself as the lone male grooming option, is set to open its first 50 locations in Texas. Dallas and Houston shops are due by summer, and eight more are expected to be operating in the state by year’s end.
Dollar General beats Street; to open 1,000 stores and hike store managers pay

Dollar General on Thursday reported better-than-expected fourth quarter sales and earnings and said it planned to raise compensation and increase training for store managers. The discounter also said it plans to open approximately 1,000 stores and remodel or relocate 900 existing stores in fiscal 2017.
Men’s grooming concept plans aggressive expansion in Texas

Men’s grooming is one of the fastest-growing segments in beauty, and Hammer & Nails Grooming Shop for Guys is looking to tap into the rising consumer demand. The company, which provides hand and foot care, haircuts and shaves in what it bills as a "man cave nirvana,” plans to open 50 locations in Texas during the next five years.
Dick’s Sporting Goods details expansion; tops Q4 earnings, sales

The struggles — and exits — of former rivals has proved a boon for Dick’s Sporting Goods, which reported fourth quarter sales and earnings on Tuesday that beat the Street. The company also announced aggressive store expansion plans.
Brand reinvention in the spotlight at SPECS/2017

In today’s competitive retail environment, no brand can afford to stay still. Two top brands — one a national giant and the other a regional powerhouse — will give attendees at SPECS/2017 a behind-the-scenes look at how a brand can be reinvented through store design. Cumberland Farms, a 600-store convenience store chain, will discuss how it is updating its locations with a sleek new design.
Meet Warby Parker, MOD Pizza, Sugarfina, Altar’d State, Bentley’s at SPECS

Four retailers and one fast-casual restaurant chain will be honored with Chain Store Age’s annual Breakout Retailer Awards at SPECS/2017. The awards, sponsored by Paint Folks, recognizes innovative retail and restaurant brands that have crossed the “newbie” line and are well positioned for growth in the coming years.
Burlington Stores runs strong in Q4; sees plenty of room for expansion

Shoppers just can’t get enough of off-price stores. On the heels of strong results by TJX Cos. and Ross Stores, Burlington Stores on Thursday turned in a stellar fourth quarter performance. And it also revealed plans to expand its store base. Burlington’s net income in the quarter, ended January 28, surged 27.1% to $125.6 million, or $1.77 per share. Earnings, adjusted for one-time gains and costs, were $1.78 per share. The results easily topped Wall Street expectations.
SPECS/2017 to honor five growing retail brands

Meet the winners of Chain Store Age’s annual Breakout Retailer Awards at SPECS/2017. The awards, sponsored by Paint Folks, honors innovative retail and restaurant brands that have crossed the “newbie” line and are well positioned for growth in the coming years. Here’s a look at the winners, who will discuss their concepts at a panel discussion on Tuesday, March 14, at SPECS: