H-E-B expanding lower-priced Joe V’s Smart Shop concept
Joe V’s Smart Shop is headed to Dallas. In the first expansion of the value retail concept outside of Houston, H-E-B plans to open two Joe V’s Smart Shop locations in Dallas. The stores will open at 4104 W. Wheatland Road in late summer 2024, and the other at 5204 S. Buckner Boulevard in spring 2025, respectively.

Subway signs its largest-ever master franchise agreement — for 4,000 locations
The sandwich chain has entered into a new master franchise agreement with Shanghai Fu-Rui-Shi Corporate Development Co., Ltd. to expand its presence in mainland China.

Sweetgreen will automate all new stores within the next five years, target suburban markets
The chain’s robotic Infinite Kitchen in Naperville, Illinois is off to a successful start, with no impact to the customer experience and significant labor savings.

CAVA values itself as high as $2.1 billion
The fast casual chain is also hoping to raise as much as $274.4 million in its upcoming IPO.

Advance Auto Parts Earnings Report
The company reported revenue of $3.42 billion (+0.9% YOY).