retailers

Tractor Supply Surpasses 2,000 Stores, Plans 75-80 New Stores This Year

by Katie Lee February 2, 2022

Brentwood, Tenn. — Tractor Supply Company, the largest rural lifestyle retailer in the United States, has surpassed 2,000 stores and plans to continue its ongoing expansion. The company is set to open 75 to 80 new stores in 2022, including relocating a store this month in Minot, N.D., home of the original Tractor Supply location. Tractor Supply Company began in 1938 as a mail-order business focused on providing quality tractor parts to farmers at fair prices. Charles E. Schmidt Sr. ran the business from his Chicago kitchen table before opening …

February 2, 2022

franchise development News retailers

FullSpeed Automotive Opens 700th Store

by Katie Lee February 2, 2022

Greenwood Village, Colo. — FullSpeed Automotive, one of the nation’s largest franchisors and operators of automotive aftermarket repair facilities and home to flagship brands Grease Monkey® and SpeeDee Oil Change & Auto Service®, has opened its milestone 700th unit with Grease Monkey in Garden Grove, Calif. The new store opened on January 26, 2022. This development milestone signals major growth ahead as Grease Monkey and SpeeDee awarded a combined 51 franchise agreements in 2021, and expect to exceed that in 2022. FullSpeed also hopes to acquire as many as 150 units …

February 2, 2022

News people retailers

The Home Depot Names New CEO, Effective March 1, 2022

by Katie Lee January 28, 2022

Atlanta — The Home Depot® has named Edward “Ted” Decker as its new CEO and president, effective March 1, 2022. He has also been elected to the company’s board of directors. Craig Menear, currently chairman and CEO, will continue to serve as chair of the board. “As a 22-year associate of The Home Depot, Ted has nurtured our culture by living our values and demonstrating servant leadership throughout his career,” says Menear. “Ted has grown with the company by taking on expanded roles of leadership from his time in Strategic …

January 28, 2022

franchise development News restaurants retailers

Wetzel’s Pretzels Opens Inside 2 Walmart Locations

by Katie Lee January 28, 2022

Bakersfield, Calif., and Henderson, Nev. — Wetzel’s Pretzels recently opened two new franchise locations in Bakersfield, Calif., and Henderson, Nev., within Walmart stores. The openings inside both Walmart stores exhibit the mutually beneficial relationship between the pair of dominant brands. “The success we’ve seen from our existing Walmart partnerships has been phenomenal, with our locations performing well beyond expectations,” says Jennifer Schuler, CEO of Pasadena, Calif.-based Wetzel’s Pretzels. “We look forward to continuing to expand our relationship with Walmart and provide yet another convenient way to ‘Bring Pretzels to the …

January 28, 2022

Cover Story franchise development From The Magazine retailers

Winning Store Strategy

by Katie Lee January 27, 2022

— Interview with Renae Gaudette — Winmark Corporation’s 1,270+ stores have made their mark on the resale retail industry during unprecedented times — and continue to lead the way. While traditional retail took a dive over the last 18 months, Winmark – the Resale Company® — the definitive leader in the resale retail arena — saw a marked uptick in demand for quality used clothing, fitness, sporting goods, music gear and baby items. As the parent company to Once Upon A Child®, Plato’s Closet®, Play It Again …

January 27, 2022

construction and design News retailers

U-Haul Converting Empty Kmart for Fifth Company Store in Wyoming

by Katie Lee January 27, 2022

Rock Springs, Wyo. — U-Haul Moving & Storage now occupies the former Kmart® building in Rock Springs, Wyo., and is offering truck and trailer sharing, boxes and moving supplies, and U-Box® portable storage containers out of a temporary showroom. Towing equipment, hitch accessories and bike racks, professional hitch installation, propane and much more will soon be available. Renovations to the 89,792-square-foot facility will lead to a variety of storage units. U-Haul plans to create more than 700 indoor climate-controlled self-storage rooms. U-Haul acquired the 8.19-acre property on Dec. 17, 2021. …

January 27, 2022

News retailers

Academy Sports + Outdoors to Restart New Store Growth in 2022

by Katie Lee January 25, 2022

Katy, Texas — Academy Sports and Outdoors, Inc., a leading full-line sporting goods and outdoor recreation retailer, will open at least eight new stores in 2022 that will fill in existing markets in Florida, Georgia, Indiana, Kentucky and Texas, and expand Academy’s footprint into Virginia and West Virginia. With these openings, Academy’s existing store count will grow to 267 and expand its reach to 18 states. Academy is evaluating additional locations for stores that could also open in 2022. “Academy Sports + Outdoors is excited to begin a chapter of …

January 25, 2022

franchise development green news News retailers

7-Eleven Opens 77,711th Store; Accelerates Sustainability Efforts

by Katie Lee January 21, 2022

Irving, Texas — 7 Eleven, Inc., the world’s largest convenience chain, has once again hit a major milestone: 77,711 7-Eleven® stores are now open. The company is also ramping up its sustainability initiatives. “Since the inception of convenience retailing with the first 7-Eleven store in Dallas, Texas, a lot has changed in how, when and where we do business,” says Joe DePinto, 7-Eleven’s president and chief executive officer. “As customers continue to redefine convenience, we redefine our approach to ensure that we are exceeding their expectations. Today, that means accelerating …

January 21, 2022

franchise development News retailers

Maaco Marks 50th Anniversary Milestone in 2022

by Katie Lee January 20, 2022

Charlotte, N.C. — Maaco, North America’s body shop and a leader in the $38 billion automotive paint and collision industry, is celebrating its 50th year of business on the heels of a record-breaking year. Founded in 1972 by Anthony Martino, Maaco began its operations with a pilot location in Wilmington, Del. In less than 5 years, Maaco quickly grew to nearly 200 franchised locations. “With our loyal customers, our dedicated network of owners and our time-honored brand name, Maaco has proven that we can stand the test of time,” says …

January 20, 2022

News people retailers

Forever 21 Names New CEO

by Katie Lee January 19, 2022

Los Angeles — On January 19, Forever 21 named Winnie Park as chief executive officer (CEO) of the fashion brand. The appointment is effective immediately. Park joins Forever 21 from Paper Source, where she served as CEO for the past 6 years. Park’s tenure at Paper Source is marked by transforming the brand from a brick-and-mortar retailer to a lifestyle brand with a robust digital platform spanning social, digital content, online subscriptions and affiliate partnerships. She also led the successful sale of the brand to an affiliate of Barnes & …

January 19, 2022

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