retailers

Detroit, Los Angeles, San Antonio & Toronto — The Home Depot Inc. plans to open four new distribution centers in Detroit, Los Angeles, San Antonio and Toronto. The new facilities are a key component of the company’s efforts to cater to professional customers such as developers, general contractors, remodelers and property managers. The new distribution centers will stock large, bulky merchandise such as lumber, insulation and roofing shingles. The new distribution centers are expected to open in the first half of this year. Home Depot has opened similar hubs across …

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Peter Tsanacas Facility Maintenance quote

It’s another thing for restaurant operators to worry about; all the costs of doing business, including food, rent, labor and energy are increasing, according to the National Restaurant Association’s 2024 State of the Restaurant Industry survey, released in February. It’s bad news for any business operating on razor-thin margins. Restaurant operators complain that they have little control over food and rent costs, while the need to remain competitive often blocks operators from making cuts in staffing and food. The situation forces restaurant owners, and other businesses such as retail, to …

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Lexington, Ky. — Tempur Sealy International, Inc. has provided an update on its intended acquisition of Mattress Firm Group Inc. On May 9, 2023, Tempur Sealy signed a definitive agreement to acquire Mattress Firm, the largest mattress specialty retailer in the U.S. The company continues to work with the Federal Trade Commission (FTC) to advance the transaction, and now expects that the FTC will complete its review by the end of the second quarter. Temper Sealy expects the transaction to close in mid- to late 2024. Tempur Sealy and Mattress …

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Chesapeake, Va. — Dollar Tree Inc. plans to close approximately 970 underperforming Family Dollar stores. In addition, Chesapeake, Va.-based Dollar Tree identified approximately 30 underperforming Dollar Tree stores for closure. Roughly 600 Family Dollar stores are slated to close in the first half of fiscal 2024, with about 370 Family Dollar locations and the 30 Dollar Tree locations set for closure at the end of each store’s current lease term. Years of mismanagement and poor conditions in stores have hurt Family Dollar’s brand, reports CNN. The discount chain is known …

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Oklahoma City — A new Hobby Lobby store opened in Staten Island, N.Y., on March 8, 2024. The Staten Island store, located at 280 Marsh Ave., is Hobby Lobby’s 25th location in the state of New York but its first in the five New York City boroughs (Brooklyn, the Bronx, Manhattan, Queens and Staten Island). Katz & Associates’ Brian Katz and Daniel D. DePasquale represented Hobby Lobby in the transaction along with master broker Graeme Keith of The Keith Group. Brookfield Properties leased the space. Maher McHirgui is the store …

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Menomonee Falls, Wis. — Kohl’s has formed a new partnership with WHP Global, the owner of the Babies“R”Us® brand, to bring baby gear, furniture, activity and more to Kohl’s stores — broadening the retailer’s reach with younger customers. The first Babies“R”Us shops will open in Kohl’s this August, with plans to roll out to approximately 200 stores in fall 2024. “Evolving our assortment and bringing more relevant product to the millions of customers we serve is a core focus as we continue to deliver on Kohl’s broader growth strategy,” says …

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New Hartford, N.Y. — PAR Technology Corporation, a global foodservice technology company and provider of unified commerce for enterprise restaurant brands, has closed two transactions that expand its cloud-based unified commerce software offerings into convenience stores and fuel retailers, as well as international markets. PAR has entered into an agreement to acquire TASK Group for cash and PAR common stock at an implied value of approximately $206 million assuming an all-cash transaction, and has completed its acquisition of Stuzo Holdings, LLC for approximately $190 million paid in cash and stock. …

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Chicago — Tanishq, a revered jewelry brand under the Tata Group, will open its first Chicago store, marking a significant milestone in its international expansion strategy. Having previously established a presence in New Jersey and Texas, this new store is located opposite Fox Valley Mall in Aurora, Ill. “Having already captured the imagination of the discerning consumer in New Jersey and Texas, Tanishq is excited to be entering another iconic American city with a diverse customer base who can now enjoy our unrivalled offering right at their doorstep,” says Kuruvilla …

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Wawa, Pa. — Wawa, a privately held, family-owned chain of more than 1,040 convenience retail stores currently operating in six states and Washington, D.C., has officially started construction on its first two Georgia stores. The new stores will be located in Brunswick and Jesup, Ga. “It’s official — Wawa is coming to Georgia, and we couldn’t be more thrilled to share details of our exciting growth plans with our newest soon-to-be neighbors!” says Robert Yeatts, senior director of store operations for Wawa. “Our two groundbreaking events gave us the opportunity …

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Batavia, Ill. — ALDI, one of the fastest-growing grocers in the U.S., plans to add 800 stores nationwide by the end of 2028 through a combination of new openings and store conversions. As a key part of its 5-year plan, ALDI also has completed its acquisition of Southeastern Grocers and its Winn-Dixie and Harveys Supermarket banners, which will drive significant growth in the Southeast region over the next few years. “Our growth is fueled by our customers, and they are asking for more ALDI stores in their neighborhoods nationwide,” says …

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