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Disney to Close 60 Stores in North America, Shift Focus to E-Commerce

by Katie Lee

Burbank, Calif. — Once a shopping mall mainstay, The Walt Disney Co. plans to close at least 60 of its brick-and-mortar locations — or 30% — in the U.S. and Canada in a bid to shift its focus to e-commerce. These closures are being described as the “beginning” of the company’s downsizing efforts, according to The New York Times, with a significant number of overseas stores also expected to close in 2021. The specific stores to be closed were not disclosed. Changing consumer behavior was cited as a catalyst for the announced …

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managementNewspeopleproperty management

William S. Taubman Promoted to President & COO of The Taubman Company LLC

by Katie Lee

Bloomfield Hills, Mich. — The Taubman Company LLC has promoted William S. Taubman to president of the company; he will also retain his role as chief operating officer. Taubman will continue to report to Robert S. Taubman, chairman and chief executive officer, while leading the company’s development, center operations, leasing and strategic communications functions. “Billy grew up in our business and is a creative, extremely well-respected thought leader within the retail real estate industry,” says Robert Taubman. “He has deep and productive relationships throughout retailing, and particularly with our luxury …

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Newsvendors

dormakaba Americas Expands HQ with New Customer Discovery Center

by Katie Lee

Indianapolis — dormakaba, a leading trusted partner in the global market for access control solutions, has expanded with a new state-of-the-art Customer Discovery Center, located in its Americas headquarters in Indianapolis. There, customers can: Discover and interact with dormakaba’s industry leading innovations Meet with dormakaba’s product and technical experts Provide ideas and insights to the company’s leadership team Enjoy an enhanced experience via a mixed reality tour Hear real-life experiences from dormakaba customers See where and how dormakaba products are used and trusted “At the core of dormakaba, we are …

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franchise developmentNewsrestaurants

First Farmer Boys in Arizona Now Open

by Katie Lee

Gilbert, Ariz. — Farmer Boys®, a Riverside, Calif.-based fast-casual concept, has opened its first Arizona location in the new City Gate Marketplace in Gilbert. “The fresher the food, the better it tastes,” says Omar Mawas, franchise owner of the Gilbert restaurant. “There’s a difference between fast food and farm fresh food found at Farmer Boys. It is a privilege to introduce farm-to-table food to Gilbert, Ariz., and bring new jobs and support for local schools and organizations throughout the community.” Celebrating 40 years of farm fresh, Farmer Boys® is a …

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Newsretailers

Michaels To Be Taken Private in $5 Billion Acquisition

by Katie Lee

Irving, Texas, and New York City — The Michaels Companies and private equity firm Apollo Global Management, Inc. have entered into a definitive merger agreement whereby investment funds managed by affiliates of Apollo have agreed to acquire Michaels. Upon completion of the $5 billion transaction, Michaels will become a privately held company and shares of MIK common stock will no longer be listed on any public market. Under the terms of the agreement, which has been unanimously approved by the Michaels board of directors, Apollo will commence a tender offer …

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construction and designNewsrestaurants

Famous Dave’s Plans New Restaurant Prototype

by Katie Lee

Minnetonka, Minn. — Famous Dave’s, a fast-growing barbeque franchise with 117 restaurants, will introduce a streamlined new restaurant prototype this year. BBQ Holdings, Famous Dave’s parent franchisor, has struck an agreement with DTSG, one of its legacy franchisee groups, to open Famous Dave’s Quick-Que’, its first line-service model restaurant in Coon Rapids, Minn. In 2020, BBQ Holdings purchased Real Urban BBQ, a cafeteria-style barbeque restaurant concept that inspired Famous Dave’s new line-service model. The new model will provide the same fan-favorite BBQ fare Famous Dave’s built its name on but …

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Newsretailers

Target to Open Mini Apple Stores in 17 Locations, Expand Online Offerings

by Katie Lee

Minneapolis — Target plans to open small-scale Apple shops inside 17 of its stores this spring, with additional locations scheduled to open this fall. The company will also expand its online Apple product offerings over the coming weeks. The new Apple in-store experience will offer a mix of products and accessories in a dedicated space designed for guests to see new products and view demonstrations by Target Tech Consultants, who will receive specialized training from Apple. Each shop will feature new lighting fixtures and displays for iPhone, iPad, Apple Watch, …

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kitchen equipmentNewsrestaurantsvendors

Middleby Opens State-of-the-Art Innovation Kitchens

by Katie Lee

Elgin, Ill. — The Middleby Corporation has opened the Middleby Innovation Kitchens (the MIK) in the Dallas area. The expansive 40,000-square-foot fully functional facility features more than 150 live pieces of equipment showcasing the latest cooking, beverage, automation and IoT innovations from Middleby. Visitors to the MIK can participate in demonstrations on the most advanced commercial kitchen solutions available in the market today. Guests will experience cooking innovations in 15 specialized vignettes including pizza, bakery, combi, steam and automation, among others. The MIK also showcases the latest in beverage technologies …

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franchise developmentNewsrestaurants

Clean Juice Targets 50-State Expansion

by Katie Lee

Charlotte, N.C. — Clean Juice®, the nation’s first USDA-certified organic juice bar, continues to report rapid expansion for its franchise development model across the United States. “Clean Juice is more than just juice,” says Landon Eckles, CEO of Clean Juice. “We’re an organic food and ‘quick-service restaurant’ brand that continues to grow into a lifestyle entity of its own.” Clean Juice exploded onto the organic food and beverage scene in 2015 and was the nation’s first organic juice concept to earn a coveted certification from the USDA. In just 4 …

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construction and designNewsretailers

Gap Inc. to Build $140 Million Distribution Center in Longview, Texas

by Katie Lee

San Francisco — Gap Inc. plans to open a new state-of-the-art Customer Experience Center in Longview, Texas. By delivering inventory faster and more efficiently to customers across the country, the $140 million investment will help Gap Inc. meet the rising customer demand for online shopping and reach its future plans for digital growth. Gap Inc. anticipates the new campus will create more than 500 full-time jobs in Longview by the end of 2023 and will grow to more than 1,000 full-time jobs in the city over the next 5 years. …

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