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Foot Locker, Inc. Completes Acquisition of West Coast Retailer WSS

by Katie Lee

New York City — Foot Locker, Inc., the New York-based specialty athletic retailer, has completed its acquisition of Eurostar, Inc. (WSS), a U.S.-based athletic footwear and apparel retailer that primarily operates on the West Coast, for $750 million in cash, subject to customary adjustments. “WSS is a highly complementary addition to our portfolio, and we are excited to officially welcome its team to the Foot Locker family,” says Richard A. Johnson, chairman and chief executive officer of Foot Locker. “WSS brings an expanded and differentiated customer base rooted in the …

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jan/sanNewsvendors

Betco Corporation Sets Sights on Expansion via Acquisition

by Katie Lee

Bowling Green, Ohio — Family-owned specialty chemical and equipment manufacturer Betco® Corporation is actively seeking opportunities to diversify and acquire culturally aligned businesses. As a part of its growth strategy, its core objective will help it expand its existing products and capabilities, as well as integrate best practices from all companies to support continuous process improvement. In pursuit of entities with potential sale aspirations, Betco has enlisted the help of Pursant, an Illinois-based investment banking firm that provides buy-side and sell-side advisory, certified business valuation, business optimization, and talent support …

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Newsrestaurants

Pokemoto Continues Non-Traditional Expansion with New College Locations in Northern Virginia

by Katie Lee

League City, Texas — Pokemoto, a growing Hawaiian poke bowl concept and subsidiary of Muscle Maker Inc., has opened as the exclusive food and meal provider at four new locations along with two coffee shops on campuses at Northern Virginia Community College (NOVA). The NightHawk Cafés will offer various grab-and-go menu items, coffee, breakfast, a snack on the run, or dine-in options with a poke bowl, burrito or salad. The four new Pokemoto NOVA locations in Alexandria, Loudoun, Manassas and Woodbridge, Va., will continue Muscle Maker’s non-traditional growth strategy and …

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Newspeopleretailers

Chico’s FAS, Inc. Appoints Chief Financial Officer

by Katie Lee

Fort Myers, Fla. — Chico’s FAS, Inc. has appointed Patrick J. (PJ) Guido as its new chief financial officer, effective September 20, 2021. He will report directly to Molly Langenstein, chief executive officer and president of Chico’s FAS. Guido has more than 20 years of finance and operations experience and has held numerous executive leadership roles at premier retail and consumer companies. He most recently served as senior vice president and chief financial officer at Asbury Automotive Group, Inc., one of the largest automotive retail and service companies in the …

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Saladworks and Frutta Bowls Debut First U.S. Walmart Location

by Katie Lee

Rochester, N.Y. — WOWorks, the parent company of health-centric fast-casual brands Saladworks, Frutta Bowls, Garbanzo Mediterranean Fresh and The Simple Greek, has debuted its first location in a Walmart grocery store in Rochester, N.Y. The ghost kitchen location will include Saladworks, the nation’s leading fast-casual entrée salad franchise, and Frutta Bowls, the nation’s fastest-growing superfoods café, alongside other mouthwatering brands. This opening comes after WOWorks signed a deal for 90 non-traditional retail presences with Ghost Kitchen Brands in the spring of this year. Saladworks currently has over 150 locations across …

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Newspeoplerestaurants

Tropical Smoothie Cafe Names Chief Operations Officer

by Katie Lee

Atlanta — Tropical Smoothie Cafe, a leading national fast-casual cafe franchise known for its better-for-you smoothies and food with a tropical twist, has promoted its former senior vice president of operations, Richard Key, to chief operations officer, effective immediately. Key has served on the brand’s senior leadership team since joining the company in 2018. In his new role, he will help grow and evolve field support teams and lead internal initiatives that prioritize the Tropical Smoothie Cafe guest experience and franchise profitability. “Over the past 3 years, Richard and his …

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Hibbett Promotes its Chief Merchant to Executive Vice President

by Katie Lee

Birmingham, Ala. — Hibbett, Inc., an athletic-inspired fashion retailer, has promoted Jared Briskin to executive vice president, merchandising, effective immediately. A 23-year veteran of the company, Briskin will be responsible for merchandising, planning, allocation and supply chain. Briskin joined the company in April 1998 as a buyer and has held positions of increasing responsibility over the years in such leadership roles as vice president over various aspects of the business from June 2004 through September 2014 to senior vice president and chief merchant since September 2014. “Jared has been a …

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Another Broken Egg Cafe Sales Rise 20% From Pre-Pandemic Levels

by Katie Lee

Orlando, Fla. — Another Broken Egg Cafe, a full-service breakfast, brunch and lunch franchise, has seen its focus on seasonality, service and guest experience both on- and off-premise pay off this year. Same-store sales are up nearly 20% from pre-pandemic levels, and that momentum is attracting new franchisees as well as inspiring many of the brand’s existing franchisees to develop more locations. “Between our sales increases and new cafe openings, we expect system-wide growth to exceed 35% this year,” says Paul Macaluso, president and CEO of Another Broken Egg Cafe. …

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franchise developmentNewsretailers

Pet Supplies Plus Commits to Growth with 69 New Stores in Development

by Katie Lee

Livonia, Mich. — Pet Supplies Plus, the largest independent pet retailer in North America, has signed 69 new store commitments year-to-date for 2021. From these 69 new store commitments, the pet retailer will continue to grow its footprint in hundreds of neighborhoods across the country including the following states: Florida, Georgia, Idaho, Nebraska, New York, Minnesota, Missouri and Texas. “It’s incredible to watch our franchise lead in one of the hottest industries out there. Not only are our existing owners increasing their number of locations, but we’re also adding new …

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MOD Pizza Names New Senior Vice President, Operations

by Katie Lee

Seattle — MOD Super Fast Pizza Holdings, LLC, a fast-casual pizza concept, has appointed Becky Mulligan to the role of senior vice president, operations, effective immediately. She brings to MOD over 25 years of experience at leading brands. In her new role, Mulligan will oversee all aspects of operations across 420+ company-owned and operated stores, focusing on continuous improvement of MOD’s operational execution and the development and support of field leadership teams, in order to deliver a consistently exceptional experience. She will lead the field operations and operations excellence teams, …

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