May 31, 2023
FY23 got off to a strong start for Dollar Tree with comps up 3.4% at Dollar Tree and 6.6% at Family Dollar. Both comp gains were primarily driven by increased traffic. During the quarter the Company added 107 stores and closed 29. The Company is looking to add 600 to 650 stores ... Read more
May 24, 2023
WHP Global, which acquired Toys “R” Us in 2021, entered into a partnership with travel retailer Duty Free America to open the first Toys “R” Us airport location. The store will be located in Terminal A at Dallas Fort Worth International Airport, slated to ope ... Read more
May 17, 2023
According to reports, six of the unopened Amazon Fresh stores located in the Minneapolis-Saint Paul, MN metro area are now available for sublease. The Company never officially announced it would open the stores, but its name was on permits for at least one of the buildings. While Am ... Read more
May 10, 2023
Christmas Tree Shops, LLC, DIP filed a voluntary Chapter 11 petition in the U.S. Bankruptcy Court for the District of Delaware on May 5. The Company faced a severe downturn in performance during 2022, amended its bank line eight times, and sold and leased back its Middleboro, M ... Read more
May 3, 2023
At Chipotle, 1Q23 sales growth was driven by a 10.9% increase in comps and new restaurant openings. In-restaurant sales increased 22.9%, which digital sales represented 39.3% of food and beverage revenue. The Company opened 41 new restaurants during the quarter, including 23 location ... Read more
April 26, 2023
On Sunday, Bed Bath & Beyond filed a voluntary Chapter 11 petition in the U.S. Bankruptcy Court for the District of New Jersey. While the Debtors have commenced a liquidation sale, they plan “an orderly wind down of its businesses while conducting a limited marketing pr ... Read more
April 19, 2023
On Monday, David’s Bridal LLC, DIP filed a voluntary Chapter 11 petition in the U.S. Bankruptcy Court for the District of New Jersey. The proceedings have been designated as case number 23-13131. The Company expects to file a "recognition proceeding" in Canada, which will re ... Read more
April 12, 2023
GNC said it opened 75 new stores in 2022 and several dozen in 2023 so far, with 88 commitments and another 15 anticipated to open by year end. In addition, GNC introduced a new social selling tool called Salesfloor, through which shoppers can speak with the Company’s coaches ... Read more
April 5, 2023
Burger King franchisee EYM King of Michigan is closing all 26 locations it owns in that state, citing a failure to come to terms with the Company on a new deal. According to the WARN notice, 424 employees will lose their jobs. Locations began shuttering on March 17, and all are ant ... Read more
March 29, 2023
Target is planning to close four of its small concept stores based in urban areas; two locations are in the Washington D.C. metro area (Falls Church, VA and College Park, MD), and the others are in Minneaolis, MN and Philadelphia, PA. The stores are shutting down due to low perfor ... Read more
