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Food Lion Invests $365 Million to Renovate Stores in North Carolina and Virginia

by Katie Lee

Salisbury, N.C. — With a $365 million capital investment, Food Lion has enhanced the customer shopping experience with remodeled stores in the greater Raleigh-Durham, N.C., area and Mecklenburg County, Va. On Aug. 21, Food Lion will hold ribbon-cutting events at 167 stores in the greater Raleigh-Durham market, which is among the fastest growing areas nationwide. Nearly all stores are introducing self-checkout lanes, allowing customers to choose between traditional cashier-assisted checkout or self-checkout options. Additionally, Food Lion continues to invest in training and developing associates to provide the best customer experience. …

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Newspeoplerestaurantssupply chain

Chipotle Names COO as its Interim CEO

by Katie Lee

Newport Beach, Calif. — The chairman and CEO of Chipotle Mexican Grill, Inc., Brian Niccol, has accepted the role as chairman and CEO of Starbucks and will be leaving Chipotle on August 31, 2024. Niccol has served as Chipotle’s CEO since 2018 and as chairman of the board since 2020. Chipotle’s board of directors has appointed Scott Boatwright, chief operating officer, as interim CEO. Boatwright joined Chipotle in 2017 and has been instrumental in driving restaurant operations for the company’s more than 3,500 restaurants. He also led the integration of …

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construction and designNewsproperty managementretailers

Canada-Based Asian Grocer, T&T Supermarkets, to Open First Store in California

by Katie Lee

San Jose, Calif. — T&T Supermarket Inc., Canada’s favorite Asian grocery retailer, will open its first store in California at the Westgate Center in San Jose in fall 2025. With two stores in the works in Washington, this marks T&T’s third store announcement in the Unites States. The 55,000-square-foot store is taking over space formerly occupied by Walmart. T&T operates more than 33 stores across Canada, and is a full-service unique shopping experience known for its vast selection of authentic Asian products, fresh produce, full service meat counter, live seafood …

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franchise developmentNewsrestaurants

MilkShake Factory® Awards 100th Franchise Unit on First Anniversary of Franchise Launch

by Katie Lee

Ann Arbor, Mich. — MilkShake Factory, a Franworth portfolio brand and beloved dessert destination, has reached a milestone by awarding its 100th franchise unit on the first anniversary of its franchising journey. MilkShake Factory, a fourth-generation family business, was built on a legacy of quality. The journey began in 1914 when Charlie and Orania opened their first chocolate shop and soda fountain in Pittsburgh’s Lawrenceville neighborhood. More than a century from its early soda fountain days, the company was renamed “MilkShake Factory” and by 2016, had established itself as the …

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energy managementNewsProduct Spotlightrestaurantssoftware/technologyvendors

Budderfly Acquires Sunverge’s Distributed Energy Resource Management Platform

by Katie Lee

Shelton, Conn. — Budderfly, a preferred sustainability partner for commercial businesses with repeatable footprints, has acquired a grid-edge distributed energy resource management system (DERMS) from Sunverge Energy. Former Sunverge employees with decades of DERMS and energy market experience will join Budderfly’s growing team of almost 400 employees. Using Sunverge’s technology, Budderfly can aggregate distributed energy resources (DERS) across its sites, positioning it to create virtual power plants (VPPs) capable of providing flexibility to the grid, increasing resiliency for customers and growing new revenue streams. With greater control over its energy …

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Victoria’s Secret & Co. Appoints New CEO

by Katie Lee

Reynoldsburg, Ohio — Victoria’s Secret & Co. and its board of directors have appointed Hillary Super as chief executive officer and a member of the board, effective September 9, 2024. Super succeeds Martin Waters in both roles. Timothy (TJ) Johnson, VS&Co’s chief financial and administrative officer, will serve as interim CEO effective today through September 8, 2024. Waters will remain employed as an advisor to the company through August 31, 2024 to support a smooth transition. Super brings nearly three decades of retail merchant expertise and a successful track record …

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Starbucks Names Chipotle Chief as New Chairman and CEO

by Katie Lee

Seattle —  Starbucks has appointed Brian Niccol to chairman and chief executive officer. He will start in his new role on September 9, 2024. Rachel Ruggeri, chief financial officer of Starbucks, will serve as interim CEO until that time. Mellody Hobson, Starbucks board chair, will become lead independent director. Niccol currently serves as chairman and CEO of Chipotle. Since becoming CEO in 2018, Niccol has transformed Chipotle, focusing on people and culture, brand, menu innovation, operational excellence and digital transformation. “We are thrilled to welcome Brian to Starbucks. His phenomenal …

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construction and designNewsretailerssupply chain

DICK’S Sporting Goods Plans New Distribution Center in Fort Worth, Texas

by Katie Lee

Pittsburgh, Pa. — DICK’S Sporting Goods plans to construct an 800,000-square-foot regional distribution center in Fort Worth, Texas, which is expected to bring 300 new full-time jobs to the region over the next 10 years. The Fort Worth location joins five existing DICK’S distribution centers in Atlanta; Conklin, N.Y.; Goodyear, Ariz.; Plainfield, Ind.; and Smithton, Pa. The next-generation facility will support DICK’S business in Texas and provide distribution capabilities to more than 100 DICK’S Sporting Goods stores across several states. DICK’S selected Fort Worth for its business-friendly environment, qualified and …

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franchise developmentNewsrestaurants

Surcheros to Debut in South Carolina with Multi-Unit Franchise Deal

by Katie Lee

Columbia, S.C. — Surcheros® is expanding into South Carolina. The fast-casual favorite plans to open 4 new locations in the Columbia area over the next 4 years, with the first restaurant in Forest Acres set to open in November 2024. Surcheros also recently announced plans to enter Tennessee. Surcheros currently operates 30 restaurants across Georgia and Florida. Earlier this year, the company announced plans to open 100 restaurants within the next 5 years, with 15 to 20 locations expected to open in the next 10 to 18 months. “This is …

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construction and designNewsremodelsretailers

Ace Hardware Launches ‘ELEVATE³ Ace’ Experiential Store Format

by Katie Lee

Oak Brook, Ill. — Ace Hardware, the world’s largest retailer-owned hardware cooperative, plans to roll out ELEVATE3 Ace, a new experiential store concept that will be launched in new and existing stores over the next 5 years, supported with a $1 billion investment. This groundbreaking, immersive store design was unveiled this month at the fall convention in Chicago, celebrating Ace’s 100-year anniversary and marking a fundamental shift in the Ace store model to boost both the customer experience and drive store growth. “Elevate Ace is not just a new store …

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