AroundtheIndustry

Retail

Century 21

Value fashion retailer Century 21 will reopen its New York City store in lower Manhattan next spring, reviving a brand that was liquidated after a 2020 bankruptcy filing.

Target Stores

Target Stores opened a 30,000-square-foot store in Times Square in New York City with a merchandise assortment tailored to both tourists and local residents. The store also features an 84-foot-high digital display and bold and colorful design elements to fit the Times Square setting.

Container Store

The Container Store is returning to brick-and-mortar growth with plans to open 76 stores during the next five years, including two locations this year.

Walmart Canada

Walmart Canada has opened a 300,000-square-foot distribution center in Surrey, British Columbia, that was built using a vertical design to reduce its land mass and carbon footprint. The facility, which will supply 45 stores, will be zero-waste, use LED lighting and become a hub for the company’s fleet of electric semi trucks.

Walgreens ahead of schedule on clinic openings

VillageMD clinics at Walgreens stores are opening at a faster-thanforecast rate of one every three days. The retailer invested $6 billion in VillageMD, with plans to open about 1,000 of the physician-staffed clinics by 2027 and have at least 50% of them in areas that lack doctors and medical services.

Macy’s

Macy’s plans to build a $584 million, 1.4 million-square-foot fulfillment center that’s expected to bring about 2,800 new jobs to the Charlotte region and handle about 30% of digital orders for Macy’s and Bloomingdale’s when it opens in 2024.

Ikea

Ingka Centres, the real estate arm of IKEA parent Ingka Group, has transformed an aging mall in West London into Livat Hammersmith, a $230 million project that gave the former Kings Mall a Scandinavian design and created a community gathering space, which the company plans to replicate in San Francisco and Toronto.

Restaurants

Krispy Kreme

Krispy Kreme will expand its delivery-only “dark shops” to the US and Mexico after testing the concept in the UK. The shops act as daily drop-off points for doughnuts that can then be used to fulfill delivery orders from customers within 20 minutes of the location.

Dave and Steve’s Big Dreams Pizza

The founders of Famous Dave’s and Rainforest Cafe are unveiling a new pizza concept in St. Louis Park, Minnesota with the goal to build it into a new chain. Dave and Steve’s Big Dreams Pizza, which will serve Chicago-style pizza, will open its first unit in a former Clays Galaxy Drive In, which will include a dine-in pizzeria and curbside pickup.

Papa John’s

Papa John’s is partnering with private-equity firm FountainVest Partners to develop at least 1,350 Papa John’s stores in China by 2040. In addition, Papa John’s franchisee CFB Group, which operates about 160 restaurants in China, has agreed to sell a majority stake to FountainVest.

Potbelly

Potbelly has plans to grow over the next decade from its portfolio of 443 mostly company-owned locations to 2,000 restaurants that are 85% franchisee-owned. The Chicago-based sandwich chain will target a 10% annual unit growth rate by 2024, with a focus on adding suburban and drive-thru locations.

Kfc

KFC has opened three of its new small-format Next Generation units since the prototype first debuted in Kentucky late last year, and growth plans call for further expanding the new format and using it to grow in urban markets. Next Generation stores focus on off-premises dining with self-serve kiosks, curbside delivery and drive-thru lanes and cubbies dedicated to mobile orders.

Wingstop has raised its growth goals

Wingstop has raised its goals for domestic expansion and is now looking to grow to 4,000 locations throughout the US and 3,000 in international markets in the years ahead.

Dairy Queen

China’s rising middle class is making it a key growth market for Dairy Queen and India seems likely to be close behind. Dairy Queen has an upward of 1,100 units in China, with plans to add 600 more locations over the next eight years.

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