News

Detroit, Los Angeles, San Antonio & Toronto — The Home Depot Inc. plans to open four new distribution centers in Detroit, Los Angeles, San Antonio and Toronto. The new facilities are a key component of the company’s efforts to cater to professional customers such as developers, general contractors, remodelers and property managers. The new distribution centers will stock large, bulky merchandise such as lumber, insulation and roofing shingles. The new distribution centers are expected to open in the first half of this year. Home Depot has opened similar hubs across …

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Charlotte, N.C. — Bojangles has signed a multi-unit development agreement that will bring 20 new restaurants to Phoenix, marking the next chapter of the brand’s expansion West and its first locations in the state of Arizona. The growth will be led by operators LVP Restaurant Group, LLC, an entity of LV Petroleum, in partnership with Kingsbarn Realty Capital, serving as real estate developer. This agreement is an extension of the group’s partnership with Bojangles, signing a multi-unit development agreement last year to bring 20 first-to-market restaurants to Las Vegas, and …

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Lexington, Ky. — Tempur Sealy International, Inc. has provided an update on its intended acquisition of Mattress Firm Group Inc. On May 9, 2023, Tempur Sealy signed a definitive agreement to acquire Mattress Firm, the largest mattress specialty retailer in the U.S. The company continues to work with the Federal Trade Commission (FTC) to advance the transaction, and now expects that the FTC will complete its review by the end of the second quarter. Temper Sealy expects the transaction to close in mid- to late 2024. Tempur Sealy and Mattress …

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Toronto — Josh Kobza, chief executive officer of Restaurant Brands International Inc. (RBI) has announced leadership team changes to support the company’s long term growth outlook of reaching a minimum of 40,000 restaurants, $60 billion in system-wide sales and $3.2 billion in adjusted operating income by 2028. Sami Siddiqui has been appointed chief financial officer, succeeding Matt Dunnigan who is leaving the company. Jeff Klein has been appointed president of Popeyes U.S. and Canada, succeeding Siddiqui who has led the brand for nearly 4 years. Thiago Santelmo has been appointed …

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Chesapeake, Va. — Dollar Tree Inc. plans to close approximately 970 underperforming Family Dollar stores. In addition, Chesapeake, Va.-based Dollar Tree identified approximately 30 underperforming Dollar Tree stores for closure. Roughly 600 Family Dollar stores are slated to close in the first half of fiscal 2024, with about 370 Family Dollar locations and the 30 Dollar Tree locations set for closure at the end of each store’s current lease term. Years of mismanagement and poor conditions in stores have hurt Family Dollar’s brand, reports CNN. The discount chain is known …

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Plano, Texas — KFC has opened its 30,000th location globally with a new restaurant in Rome, Italy. After the brand opened its very first restaurant in 1952, a new KFC location now opens somewhere in the world every 3.5 hours on average. KFC plans to enter its 150th country later this year. “Opening our 30,000th restaurant is a testament to the support of our local business partners, employees and customers over the past nearly 75 years,” says Sabir Sami, CEO of KFC Global. “While we are a global brand, we …

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Oklahoma City — A new Hobby Lobby store opened in Staten Island, N.Y., on March 8, 2024. The Staten Island store, located at 280 Marsh Ave., is Hobby Lobby’s 25th location in the state of New York but its first in the five New York City boroughs (Brooklyn, the Bronx, Manhattan, Queens and Staten Island). Katz & Associates’ Brian Katz and Daniel D. DePasquale represented Hobby Lobby in the transaction along with master broker Graeme Keith of The Keith Group. Brookfield Properties leased the space. Maher McHirgui is the store …

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Atlanta — Krystal Restaurants LLC, the original quick-service restaurant chain in the South, plans to open its first location in North Carolina this fall. Located in Wilson, N.C., the store will be built alongside Circle K and feature Krystal’s new convenience store design, which has a sleek and contemporary look and caters to consumers on the go. “We are proud to bring our standout business model and our innovative restaurant design to the state of North Carolina,” says Josh Kern, CEO of SPB Hospitality. “As we continue to focus on …

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Menomonee Falls, Wis. — Kohl’s has formed a new partnership with WHP Global, the owner of the Babies“R”Us® brand, to bring baby gear, furniture, activity and more to Kohl’s stores — broadening the retailer’s reach with younger customers. The first Babies“R”Us shops will open in Kohl’s this August, with plans to roll out to approximately 200 stores in fall 2024. “Evolving our assortment and bringing more relevant product to the millions of customers we serve is a core focus as we continue to deliver on Kohl’s broader growth strategy,” says …

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Santee, Calif. — BLAIR SIGN PROGRAMS, a leading national sign and graphics company, has launched its newly redesigned website. The new web page is based upon a “less is more” design aesthetic and features design/build work examples of national retail, branding and custom design solutions in the built environment. The site navigation is visual, intuitive and analogous with the project identity and wayfinding designs provided by BLAIR SIGN PROGRAMS in the built environment. “Our clients need solutions to the ‘clicks versus bricks’ challenge in today’s retail environments,” says Scott Blair, …

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