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Target Plans to Open Approximately 20 New Stores in 2025

by Katie Lee

Minneapolis — At its financial community meeting in early March, Target Corporation outlined how ongoing investments will aim to accelerate its strategy and drive billions of dollars of profitable sales growth across its multi-channel business by 2030. Plans for 2025 and beyond include: • Elevating shopping with technology: The retailer will innovate with search, social and data-driven personalization. That includes enhancing solutions powered by artificial intelligence (AI) that offer more relevant product recommendations, optimize search results and integrate with social media trends. • New stores and remodels: Through its ongoing …

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construction and designfranchise developmentNewsrestaurantssoftware/technologyvendors

Bonchon Opens 150th U.S. Restaurant

by Katie Lee

Dallas — Bonchon, a global leader in Korean fried chicken, is marking a franchise milestone with its 150th U.S. location, which opened in February. The Jonesboro, Ark., location was Bonchon’s first restaurant in the state with additional Arkansas stores to open this year. Bonchon’s strong start to 2025 also involved entering new markets in Florida, Arkansas and Iowa. “This year is off to an exciting start with new store openings and franchise agreements, bringing Bonchon’s craveable Korean fried chicken to even more guests,” says Bonchon CEO Suzie Tsai. “We’re accelerating …

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Newspeopleretailers

Kroger CEO to Resign

by Katie Lee

Cincinnati — The chairman and chief executive officer of Kroger Co., Rodney McMullen, has resigned from the company following a board investigation of his personal conduct that, while unrelated to the business, was inconsistent with Kroger’s Policy on Business Ethics. The board has appointed its lead director, Ronald “Ron” Sargent, to serve as chairman of the board of directors and interim CEO, effective immediately. Mark Sutton will serve as Kroger’s lead independent director, also effective immediately. The board of directors has formed a search committee and engaged a nationally recognized …

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green newsNewspeoplevendorswaste management/recycling

Divert, Inc. Appoints New Chief Financial Officer

by Katie Lee

West Concord, Mass. — Divert, Inc., a circular economy company on a mission to prevent food from being wasted, has appointed Brad Lukow to its executive leadership team as chief financial officer. Lukow brings more than 30 years of finance and capital markets experience, with the majority of his career focused on the consumer retail sector. David Eichinger, Divert’s CFO since 2022, will step away from the company to pursue other opportunities outside the business. “Brad’s proven leadership in finance, particularly in the retail industry, makes him an ideal fit …

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construction and designfranchise developmentNewsrestaurants

Shipley Do-Nuts Expands in New Markets Across the U.S.

by Katie Lee

Houston — Shipley Do-Nuts, one of the nation’s largest donut and kolache brands, plans to expand its national footprint with a 30-unit development deal that will bring the brand to New Mexico and the Miami-Dade area of Florida, both new markets for Shipley. This follows the recent new opening in Concord, N.C. — marking the first Shipley in the state of North Carolina. Existing Shipley franchisee Vik Agrawal will bring 10 shops to Sandoval, Santa Fe, Bernalillo, Valencia, Torrance, Socorro, Lincoln, De Baca, Guadalupe and San Miguel counties in New …

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construction and designNewsretailers

ALDI to Add 225 New Stores in 2025

by Katie Lee

Batavia, Ill. — German discount grocery store chain ALDI has plans to open more than 225 new store locations in 2025 as part of its 5-year national growth strategy. This is the most stores ALDI will open in 1 year in its nearly 50-year U.S. history. The new stores will comprise original ALDI supermarkets and the conversion of select Winn-Dixie and Harveys Supermarket stores. Approximately 220 Southeastern Grocers locations will be converted to the ALDI format through 2027. As part of the strategy, ALDI has closed a transaction to divest …

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construction and designfranchise developmentNewsrestaurants

Surcheros to Open 10 New Units Across the South in 2025

by Katie Lee

Alpharetta, Ga. — Surcheros® is poised for a record-breaking year. Most recently, the emerging fast-casual brand experienced significant growth in 2024, opening nine new locations and debuting in South Carolina and Tennessee for the first time. With a healthy pipeline in place, Surcheros plans to open at least 10 new units by the end of 2025, further solidifying its growing presence across Georgia, South Carolina, Tennessee and Florida.  “Over the past year, we’ve expanded into South Carolina and Tennessee, strengthened our operations team and improved our buildout process to be …

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Newsretailersstore closings

JOANN to Close All 800 Stores

by Katie Lee

New York City — JOANN has announced it will close all of its stores after the fabric and craft retailer was auctioned off to a new ownership group. Earlier this month, JOANN announced the closures of approximately 500 of its more than 800 locations across the United States. The announcement comes after the Hudson, Ohio-based retailer filed for Chapter 11 bankruptcy protection in January — the second time in a year — where JOANN’s remaining assets were put up for auction. Retail liquidator GA Group and JOANN’s term lenders won …

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construction and designNewsremodelsretailers

REVOLVE at The Grove in L.A. Becomes Permanent Store

by Katie Lee

Los Angeles — Revolve Group, the next-generation fashion retailer for Millennial and Generation Z consumers, has decided to convert its once limited time-only REVOLVE Holiday Shop at The Grove in Los Angeles into a permanent store starting in fall 2025. The store will temporarily close for renovations and is set to reopen with a fresh look in the fall. Originally launched as a temporary winter destination in November 2024, the REVOLVE Holiday Shop quickly became a seasonal hotspot. Spanning 8,450 square feet, the two-story space will feature a handpicked collection …

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franchise developmentNewspeoplerestaurants

Jack in the Box Inc. CEO to Depart

by Katie Lee

San Diego — Darin Harris, the chief executive officer of Jack in the Box Inc., has resigned and accepted a new position outside of the restaurant industry. The board of directors has appointed Jack in the Box’s executive vice president and chief financial officer, Lance Tucker, as interim principal executive officer, effective Feb. 24, 2025. Harris will remain as a consultant through March 14, 2025, to ensure a smooth leadership transition. Tucker has served as the company’s chief financial officer since Jan. 13, 2025. He previously served in this same …

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