NEREJ
New England’s first Best Buy Outlet is now open at Westgate Mall. A concept from Best Buy, Best Buy Outlet offers shoppers deeply discounted prices on appliances, TVs, computers, and more, with inventory regularly updated. Best Buy Outlet shoppers can save up to 40% on clearance and open box products. . . . more
Tuesday, June 29, 2021
Acella Construction completes first Saladworks Franchise in Mass.
NEREJ
Acella Construction Corp., completed the first Saladworks franchise in Massachusetts, located in Woburn Village at 296 Mishawum Rd. . . . more
Acella Construction Corp., completed the first Saladworks franchise in Massachusetts, located in Woburn Village at 296 Mishawum Rd. . . . more
Fat Brands to acquire Global Franchise Group for $442.5M
Restaurant Dive
Fat Brands has agreed to acquire Global Franchise Group, owner of QSR brands Round Table Pizza, Great American Cookies, Hot Dog on a Stick, Marble Slab Creamery and Pretzelmaker, for $442.5 million from Serruya Private Equity and Lion Capital, according to a press release. . . . more
Report: Store closures decline for the first time in 2021
Retail Dive
For the first time in 2021, store closures have declined year over year, according to an emailed report from Coresight Research. . . . more
For the first time in 2021, store closures have declined year over year, according to an emailed report from Coresight Research. . . . more
Bed Bath & Beyond adds new employee benefit programs; to close on Thanksgiving
CSA
Bed Bath & Beyond is expanding the benefits it offers employees amid a labor crunch that is hitting retail and restaurant chains particularly hard. . . . more
P.F. Chang’s to open 50-plus take-out locations
CSA
P.F. Chang’s has big plans for its new format amid ongoing demand for take-out. . . . more
Office Depot guarantees 30-minute in-store, curbside pickup
CSA
Office Depot and Office Max stores have improved their fulfillment times. . . . more
Friday, June 25, 2021
Red Robin to add 120 Donatos locations this year
CSA
Red Robin is adding Donatos pizza to approximately 120 restaurants by the end of this year, which would bring the partnership that began in 2018 into more than 200 locations. . . . more
The restaurant renaissance is coming. Here's what the industry should expect.
CSA
After over a year of lockdowns, reopenings and more lockdowns due to the ongoing global pandemic, the United States seems to be stabilizing thanks to an improving vaccine supply and distribution. . . . more
After over a year of lockdowns, reopenings and more lockdowns due to the ongoing global pandemic, the United States seems to be stabilizing thanks to an improving vaccine supply and distribution. . . . more
At Home takes over former J.C. Penney site at Maryland mall
CSA
Heritage Partners has announced the lease of the entire 96,000-sq.-ft. former J.C. Penney site at its Woodmore Towne Centre in Glenarden, Maryland. . . . more
Five Below expands same-day delivery to 1,100 stores
CSA
Five Below is moving forward with a successful pilot of the Instacart on-demand delivery platform. . . . more
Rite Aid narrows Q1 loss; retail pharmacy revenue rises 5.5%
CSA
Rite Aid narrowed its loss in the first quarter amid strong pharmacy sales, but its total revenue fell short of Wall Street expectations. . . . more
Thursday, June 24, 2021
Watertown Mall Associates LP sells Watertown Mall for $130 million - Alexandria Real Estate Equities acquires 260,867 s/f shopping center
NEREJ
JLL Capital Markets has closed the $130 million sale of Watertown Mall, a 260,867 s/f shopping center situated on 17.8 acres. . . . more
JLL Capital Markets has closed the $130 million sale of Watertown Mall, a 260,867 s/f shopping center situated on 17.8 acres. . . . more
Ahold Delhaize USA moves closer to full self-distribution
Supermarket News
At the halfway point of a three-year supply chain transformation, Ahold Delhaize USA expects more than 85% of its distribution network to be self-managed by the close of 2022. . . . more
39% of restaurants can't afford June rent, report finds
Restaurant Dive
Thirty-nine percent of restaurants were unable to cover their rent payment for the month of June, according to a report from Alignable. . . . more
Chipotle drives interest in loyalty program with racing video game
Restaurant Dive
Chipotle is launching a racing video game to celebrate a new update to its loyalty program, per a company press release. The update is called Rewards Exchange and gives members of Chipotle Rewards more options on which to spend their loyalty points. . . . more
Gov. Baker Proposes Waiving Massachusetts Sales Tax For All Of August And September
CSA
Massachusetts Gov. Charlie Baker on Wednesday announced a proposal that would waive the state’s sales tax for the months of August and September. . . . more
Massachusetts Gov. Charlie Baker on Wednesday announced a proposal that would waive the state’s sales tax for the months of August and September. . . . more
Wednesday, June 23, 2021
Giant launches Local Produce Boxes program
Supermarket News
Giant Food has begun selling boxes of locally sourced fruit and vegetables online for on-demand delivery. . . . more
McDonald’s to offer its first national loyalty program
CSA
McDonald’s is getting ready to launch its first-ever national rewards program. . . . more
MAC debuts new retail concept
CSA
MAC Cosmetics’ new travel store concept is designed for busy travelers — and sustainability. . . . more
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