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Five Below Five Below will expand to 120 stores in the Philadelphia area as part of a plan to grow its national presence threefold to upwards of 3,500 locations over the next nine years. The retailer— known for its lowpriced toys, candy and other goods aimed at teens and tweens— also will expand its higher-priced “Five Beyond” line to attract older, bigger-spending shoppers.
P.F. Chang’s revs up restaurant growth plans P.F. Chang’s will expand its smaller-format P.F. Chang’s To Go concept this year, with plans to grow from 12 to 20 locations to feed growing demand for off-premises dining while also continuing to expand its traditional bistro format.
Walmart/Space NK UK-based beauty retailer Space NK has started selling its prestige products via Walmart’s online marketplace and plans to open branded in-store shops at 250 US Walmart stores this summer. Walmart’s Beauty Space shops will feature premium-priced makeup, hair and skin care products from 15 brands. Kohl’s/Sephora Kohl’s will expand its in-store Sephora shops from about 200 locations to 850 by next year with a goal of surpassing $2 billion in annual sales from the beauty banner. Kohl’s also is testing a small-format store in Seattle with plans to grow the 35,000-squarefoot concept to more than 100 locations over the next few years. DSW Designer Brands is making plans to shrink some of its stores and use others as fulfillment centers for online sales of its footwear brands including DSW and Camuto Group. The ultimate goal is to develop a “store of the future,” reduce the average footprint to about 15,000 square feet and “tell different stories with these brands.
Cinnabon Focus Brands’ strategy for moving Cinnabon beyond mall food courts and airport kiosks includes a co-branded concept with Carvel that the company has dubbed Cinnabon Swirl. Plans for the standalone units are moving from the drawing board to the prototype phase, and the first units are slated to open early next year. Popeyes Louisiana Kitchen Popeyes Louisiana Kitchen will open a flagship location in New York City’s Times Square in June, one of more than 200 new units planned to debut in the US and Canada in 2022. More than half of the new locations will feature the chain’s new double drive-thru format. Catalogue Steve Salis, co-founder of &pizza, is expanding the portfolio of restaurant concepts under his Washington, DC-area platform Catalogue. Catalogue’s six banners include brunch concept Ted’s Bulletin, barbecue eatery Federalist Pig and Honeymoon Chicken, and plans call for the addition of an unnamed seventh format.
Best Buy Best Buy will expand its merchandise beyond electronics and add products in fitness, health, electronic transportation, outdoors and other categories. The retailer also will make moves to focus more on online retail, including closing up to 30 stores annually for the next three years.
Fat Brands Fat Brands has signed 20 new franchise development deals that will add more than 50 new units to its portfolio of quickserve banners that includes Hot Dog on a Stick, Marble Slab Creamery and Round Table Pizza. Thirty new units are to open by the end of the year, and many of the new locations will be co-branded units featuring Great American Cookies and Marble Slab Creamery.
Walmart Health Walmart Health is starting to open its next slate of clinics, with five locations planned for Florida. The plans cover two clinics in Orlando, two in Jacksonville and one in Tampa. The company also plans to roll out its new tech stack, born from its partnership with Epic.
Friendly’s Restaurants Friendly’s Restaurants is expanding into fast-casual with the opening of its first Friendly’s Cafe, a 2,700 square-foot concept with 45 seats in Westfield, Massachusetts. Customers will have the option of ordering at the counter, at the table using a QR code or online for pickup or delivery.
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COMMERCIAL CONSTRUCTION & RENOVATION — ISSUE 4, 2022
