Chipotle to open 250 to 285 restaurants in 2023
The company has opened its 500th location that features the brand’s digital order drive-thru pick-up lane (“Chipotlane”). At least 80% of the restaurants opened in 2022 and 2023 will have a Chipotlane. The company is expected to have opened 235 to 250 restaurants by the end of this year and plans to open 255 to 285 restaurants next year.

Target goes big — unveils larger-format store in Katy, Texas with more modern design
At 150,000 sq. ft., the discounter’s new large-format store is more than 20,000 sq. ft. larger than a typical Target.

Buc-ee’s to break ground on largest travel center
Buc-ee’s will break ground on the site of its latest travel center in Luling, Texas, which will become the largest Buc-ee’s ever built, on Nov. 16.

Dutch Bros targets 150 new stores for 2023
The openings would enable Dutch Bros. to reach its goal of 800 locations by the end of 2023.

Sally Beauty closing approximately 350 stores
Store closings will start in December 2022 amid ongoing efforts to improve its profitability.

Checkers & Rally signs deals for 40 new restaurants in three states
The development agreements will bring restaurants to California, Tennessee, and Maryland.

Sweetgreen has unveiled a new freestanding format, continues expansion into suburbs
The healthy eating chain has opened its first “sweetlane” format, in Schaumburg, Ill.

Walmart’s Earnings Report
Walmart raises full-year outlook as Q3 revenue jumps nearly 9%.

The Home Depot’s Earnings Report
The Home Depot’s revenue rose 5.6% to $38.87 billion, beating analyst expectations for $37.95 billion.