Addison, Texas — Northwood Retail will reposition Prestonwood Place, a 133,000-square-foot retail center located at the corner of Beltline and Montfort streets in Addison, a northern suburb of Dallas. The redevelopment is expected to be complete in early 2021. The project will convert part of the center into 50,000 square feet of office space, upgrade building façades and add a 15,000-square-foot park. Additional improvements will include reconfigured parking lots, new pedestrian walkways and refreshed landscaping. Construction will occur in four phases, with the overall completion slated for early 2021. Northwood …
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Nashville, Tenn. — Captain D’s, the nation’s leading fast-casual seafood restaurant, achieved significant growth and success in its 50th year, opening 15 new locations and signing 8 franchise development agreements with new and existing franchisees to expand its brand footprint throughout the Southeast, Midwest and Utah. “2019 marked our golden anniversary, where we celebrated 50 years of serving high-quality seafood at affordable prices,” says Phil Greifeld, president and CEO of Captain D’s. “As I reflect on the last decade that I’ve been with Captain D’s, I’m so proud of the …
Baltimore, Md. — Vulcan, a leading provider of commercial cooking equipment, and parent company ITW Food Equipment Group (ITW FEG) have named Chris Stern as its new vice president and general manager of cooking, North America, effective February 10. Mihyar Mohamed, who formerly held the position, will be transitioning to a leadership role in ITW’s Construction Products Segment. During his 23 years at Vulcan/ITW, Stern has consistently delivered strong results and developed and led high performing, collaborative teams. Stern began his career with Vulcan in marketing and was promoted through …
Oklahoma City — Customers visiting Love’s Travel Stops & Country Stores will be getting back on the road quicker thanks to the latest checkout technology available today. Ingenico Group’s Lane/8000 smart terminals are being installed at Love’s across the country. Love’s is the first travel stop network with the new technology. When the solution is combined with Love’s credit-processing software, the transaction time is cut in half. Other features include an extra-large multimedia touchscreen for an improved experience, increased security technology and additional ways to pay including contactless and with …
Downers Grove, Ill. — Sevan Multi-Site Solutions, Inc., a global leader in innovative design, program management, construction services and data analytics, recently finished refreshing its 14,000th restaurant. The 14,000th restaurant is the McDonald’s in Big Bear, Calif. Sevan’s 14,000 restaurant projects include McDonald’s flagship stores in Chicago and New York, the Century Boulevard Carl’s Jr. store in Los Angeles and the Taco Bell flagship in Chicago. For 8 years, Sevan has provided solutions for the world’s largest brands while accelerating development programs across the United States and Canada for multi-site …
Vienna, Va. — The Ratner Cos., the parent company of salon concepts such as Hair Cuttery, Bubbles and Salon Cielo, plans to trim its 844-store portfolio by 10%. The company plans to maintain a presence in all existing markets as it looks to shift resources to its best-performing salons. Ratner Cos. cites “intense competition and rising operating costs,” as well as shifting consumer shopping methods, as the basis for its decision. The firm has engaged in discussions with landlords to renegotiate terms or exit some of its leases. In addition …
Redwood City, Calif. — Presto, the restaurant industry’s leading end-to-end technology platform, has been selected by Brinker International, Inc. as the exclusive provider of its next generation guest-facing pay-at-table solutions. The Presto pay-at-table systems are scheduled to be deployed across most of Chili’s® Grill & Bar 1,250 restaurants in the United States over the course of Brinker’s fiscal year. This new partnership will enable Chili’s to provide a convenient pay-at-table experience for its guests. The new devices are being deployed to increase Chili’s guest satisfaction, improve productivity and ultimately drive …
Scottsdale, Ariz. — The international development of Blimpie® is set to grow within the Southeast Asian region. Kahala Brands™, the parent company of Blimpie, has collaborated with Deelish Brands Pte Ltd to open the Blimpie brand in Singapore. Deelish Brands is a Singapore-based restaurant management company. The company operates in the fast-casual restaurant sector. Blimpie will work with Deelish Brands to introduce and expand the brand in Singapore with plans to open five stores within the next 5 years. “Continuing to build the brand’s international expansion with highly esteemed companies …
Philadelphia — Five Below Inc. plans to open 180 stores this year, which would grow the Philadelphia-based retailer’s footprint by 20%. The announcement came during the company’s fourth-quarter earnings call. Specific plans for the openings were not disclosed. At the same time, Joel Anderson, president and CEO of Five Below, said the company also acquired the e-commerce platform, fulfillment operation and certain other assets of Hollar.com. SOURCE: Five Below, Inc.
Columbus, Ohio — Express, Inc., a leading fashion apparel retailer, is launching a new corporate strategy that will include the closure of 100 stores over the next 2 years. “My expectation is that we will return to a mid-single-digit operating margin through a combination of low-single-digit comp sales growth, margin expansion and cost reductions,” says Tim Baxter, chief executive officer. “This will of course take some time, but we have a clear path.” Additionally, Express aims to reinvigorate its brand. Based on customer insights, the company is unveiling its new …