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Del Taco Debuts Reimagined Store Design with “Fresh Flex” Prototype

by Katie Lee

Lake Forest, Calif. — Del Taco is debuting its highly-anticipated new store prototype: a sleek, bold, contemporary model, “Fresh Flex,” that reconceptualizes the restaurant inside and out. Striking exteriors and distinctive interiors evoke the brand’s contemporized feel. At the same time, the new design expands real estate opportunities to help lower net investment costs, provides ultimate convenience for guests and optimizes operational efficiencies. “Continuing to adapt and evolve is the lynchpin for Del Taco to remain ahead of the curve in the restaurant industry,” says John Cappasola, CEO of Del …

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Crate and Barrel Selects Glympse to Enhance Curbside Pickup Experience 

by Katie Lee

Northbrook, Ill. — Crate and Barrel is enhancing its curbside pickup with Glympse, a day-of-service mobile communications platform that facilitates and delivers proactive engagement between customers and store associates. The service is one of many enhancements in the retailer’s drive to meet customers where and how they want to shop by providing modern, digitally-forward shopping experiences that are personalized and flexible. Already, Glympse has afforded shorter wait times, streamlined operations and positive reactions from customers. Glympse delivers a modern customer experience by significantly reducing calls to the store and minimizing …

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Simon Property Group Completes Acquisition of Taubman Centers, Inc.

by Katie Lee

Indianapolis — Simon Property Group, Inc. has completed its acquisition of an 80% ownership interest in The Taubman Realty Group Limited Partnership (TRG) for approximately $3.4 billion. Under the terms of the transaction, Simon, through its operating partnership, Simon Property Group, L.P., acquired all of Taubman Centers, Inc. (TCO) common stock for $43.00 per share in cash, and the Taubman family sold approximately one-third of its ownership interest at the transaction price and remains a 20% partner in TRG. “We are very pleased to complete this transaction and to add …

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construction and designNewsretailers

Planet Fitness Unveils New Prototypes Now Open for the New Year

by Katie Lee

St. Louis — Planet Fitness has partnered with Poettker Construction on three health fitness clubs located throughout the greater St. Louis area in 2020. Poettker served as the construction manager for the Festus, Washington and Ballwin, Mo., locations, which opened to members in time for the new year. The Festus and Washington locations each feature a new two-story ground-up prototype with a gross floor area of 30,000 square feet, allowing ample space for hundreds of machines and free weights. Construction for the Ballwin location, which opened in late November 2020, …

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Slim Chickens Inks Agreements for 150 Units in 2020

by Katie Lee

Fayetteville, Ark. — Slim Chickens is closing out 2020 with a bang: the brand has inked multi-unit franchise agreements for 150 units this year. In what was a precarious 12 months for the restaurant sector, Slim Chickens signed multi-unit agreements that will bring the brand into new markets across the country. Some of the more notable deals include agreements for 12 units in Georgia, 23 units in Tampa, 10 units in New Mexico and 22 units in North Carolina. “This year has been a whirlwind. We kicked things off in …

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Former Pet Valu Stores in 7 States to Reopen as Pet Supplies Plus

by Katie Lee

Livonia, Mich. — Closing its record-breaking growth year on a positive note, Pet Supplies Plus will acquire an estimated 40 previously operated Pet Valu locations throughout Indiana, Kentucky, Maryland, New Jersey, Ohio, Pennsylvania and Virginia with some locations to reopen as Pet Supplies Plus as early as January 2021. News of the conversions comes after Pet Valu announced in November 2020 it was shutting down all U.S. operations, including its 358 stores. By transforming and rebranding some of these store locations to Pet Supplies Plus, many jobs will be saved …

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The Home Depot Completes Acquisition of HD Supply

by Katie Lee

Atlanta — The Home Depot® has completed the acquisition of HD Supply Holdings, Inc., for approximately $8 billion. HD Supply is a leading national distributor of maintenance, repair and operations (MRO) products in the multifamily and hospitality end markets. The agreement to acquire HD Supply was announced on November, 16, 2020. “We’re thrilled to welcome HD Supply associates to The Home Depot,” says Craig Menear, chairman and CEO of The Home Depot. “The combination of the two businesses will enable us to better serve both existing and new MRO customers, …

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construction and designfranchise developmentNewsrestaurants

Schlotzsky’s Testing 2 Off-Premise-Driven Prototypes

by Katie Lee

Atlanta — Schlotzsky’s has unveiled two new prototypes that will put its drive-thru front and center and enhance speed of service for delivery, to-go and catering. While driving off-premise sales has been underway for Schlotzsky’s for some time, it’s now become an even bigger priority. During the pandemic, 35% of Schlotzsky’s sales were driven by off-premise and were a major part of the brand’s rapid recovery. Now, Schlotzsky’s has designed two new options referred to as “Design 1800” and “Design 1000” that will lean heavily on off-premise and reduce seating. …

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Jack in the Box Inc. Names New Chief Financial Officer

by Katie Lee

San Diego — Jack in the Box Inc. has named Timothy Mullany as its new executive vice president and chief financial officer, effective January 18, 2021. Mullany is a well-rounded finance leader with more than 20 years of experience in the restaurant industry, as well as hyper-growth concepts, both public and private. Most recently, Mullany served as chief financial officer at VASA Fitness. “We are excited for the addition of Tim to the Jack in the Box team. He has demonstrated strong financial leadership while supporting growing businesses in the …

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