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Kohl’s, Macy’s share store space with other retailers
posted on Mar 20 19

Macy’s is expanding its partnership with LensCrafters, which now operates “optiques” in hundreds of the retailer’s department stores, and Kohl’s has announced lease deals with ALDI and Planet Fitness. The moves come as retailers seek profitable uses for excess store space. Read the Sun-Sentinel story here

Posted by: Mike Pallerino
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Famous Dave’s plans to test “ghost” restaurant on Grubhub
posted on Mar 20 19

Delivery generates half of the total sales at Minnesota-based barbecue chain Famous Dave’s and the company aims to grow delivery sales further with a test later this year of a “ghost” menu. The chicken- and burger-centric menu will be available on Grubhub under a different brand name, and orders will be prepared at Famous Dave’s restaurants. Read the Nation’s Restaurant News story here

Posted by: Mike Pallerino
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K2 Restaurants maps growth plan for STRFSH
posted on Mar 20 19

K2 Restaurants has acquired a majority stake in STRFSH, the California-based fast-casual seafood concept created by chefs Michael and Bryan Voltaggio, for an undisclosed amount. Plans call for at least three new restaurants to open this year, and the chain aims to enter new markets. Read the Nation’s Restaurant News story here

Posted by: Mike Pallerino
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Target goes bigger with plans for smaller stores
posted on Mar 19 19

Target plans to open 30 more small-format stores this year in of Los Angeles, New York and Washington, D.C. Target and other retailers see smaller footprints as a stepping stone to markets where they otherwise wouldn’t be able to gain a foothold. Read the CNN story here

Posted by: Mike Pallerino
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Strong growth continues for extended-stay sector
posted on Mar 19 19

Extended-stay hotels have exceeded overall industry supply growth six years running, and the segment expanded 6.9% between January 2018 and November. Homelike amenities attract travelers, while operators enjoy lower labor costs from less frequent room turnover. Read the Lodging magazine online story here

Posted by: Mike Pallerino
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