Vitamin Shoppe parent going private in $2.6B deal Franchise Group, which owns several brands including The Vitamin Shoppe and Pet Supplies Plus, has announced that it will become a privately held company through a deal worth $2.6 billion. The acquisition will be led by Brian Kahn, the CEO of Franchise [...]
Olive Garden owner Darden Restaurants buys Ruth’s Chris Steak House for $715 million Darden Restaurants has announced its acquisition of Ruth's Hospitality Group, the parent company of Ruth's Chris Steak House, for $715 million. With over 150 locations across the globe, the steakhouse generated $505.9 million in revenue last year. [...]
Bed Bath & Beyond files for bankruptcy protection after failed turnaround efforts Since early January, the struggling home goods retailer has been warning about the possibility of bankruptcy. After a disappointing holiday season, the company issued a "going concern" notice, indicating that it might not have enough cash to cover [...]
Ikea to invest over $2.2 billion in new U.S. store models, pickup locations in next three years Ikea, the Swedish home and furniture company, is planning to invest over $2.2 billion in the next three years to enhance its omnichannel growth strategy in the U.S. This investment marks the largest [...]
Chipotle unveils all-electric, sustainable restaurant design The quick-serve restaurant giant debuted an all-electric restaurant design to help reach its goal of reducing greenhouse gas emissions in half by 2030. The design works to maximize energy efficiency in its equipment and systems and utilizes 100% renewable energy from wind power and [...]
Walmart will add thousands of EV charging stations to stores by 2030 The company will expand its fast-charging network to include Walmart and Sam's Club locations nationwide, adding to the 1,300 charging stations already available at 280 of its locations. Each participating store is expected to have an average of [...]
2022’s Top 10 Expanders: Dollar General No. 1 In 2022, Dollar General, At Home, and The TJX Companies secured leases for over 1.3 million square feet of new space, securing their positions as the top three companies on CoStar's Top 10 expanders list. Dallas’ Henderson Avenue retail makeover begins to [...]
Consumers place an emphasis on necessities. Total retail sales dropped 0.4 percent in February. However, store-based spending — which excludes purchases made online and at restaurants and bars — reached a record mark. This contrast indicates consumers may be prioritizing the purchase of necessities when visiting brick-and-mortar retailers, a dynamic [...]
Starbucks CEO says he’ll work a shift at the company’s cafes once a month This pledge comes during a tumultuous time for Starbucks' relationship with its baristas, as more than 190 company-owned locations have voted to unionize, citing concerns such as unsafe working conditions, understaffing, and unreliable scheduling. Prior to [...]
Walmart to nearly double health center footprint The company has announced its plans to open 28 new Walmart Health centers in 2024, taking the total number of locations to over 75 by the end of the year. The expansion will see Walmart Health centers increasing their presence in Texas, particularly in [...]
