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Dollar General to keep growing, add to focus on food
posted on Dec 10 18

Dollar General sees food as a bigger part of its business amid plans to add 975 stores while remodeling 1,000 others in its next fiscal year, according to The Wall Street Journal. The company is considering several different configurations for stores, including those that focus on refrigerated and other foods in areas that are considered food deserts.

Posted by: Mike Pallerino
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Pebblebrook merges with LaSalle, sells 5 hotels
posted on Dec 10 18

Pebblebrook Hotel Trust and LaSalle Hotel Properties have completed their $5.2 billion merger after approval by both companies’ shareholders last week. Pebblebrook also announced the sale of five hotel properties for $820.8 million, two of which were made under its previously announced plan to dispose of $750 million to $1.25 billion of hotels in the six to 12 months after the deal’s closure. Read the GlobeSt story here

Posted by: Mike Pallerino
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Department store space totals 350M square feet
posted on Dec 10 18

Department stores total more than 350 million square feet of mall space across the country, according to Green Street Advisors. This is worrisome to retail landlords as department stores fall out of favor with consumers and more of the retailers re-evaluate their real estate footprints. Read the CNBC story here

Posted by: Mike Pallerino
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Fatburger parent buys fast-casual Yalla Mediterranean
posted on Dec 10 18

Fat Brands, the parent of concepts including Fatburger and Bonanza Steakhouse, has acquired California-based fast-casual chain Yalla Mediterranean for an undisclosed amount. Yalla operates seven units and has plans to accelerate growth through franchising. Read the Restaurant Hospitality online story here

Posted by: Mike Pallerino
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A recipe for restaurant delivery success
posted on Dec 07 18

Food delivery could generate $32 billion, or 11% of total restaurant sales, by 2020, according to Morgan Stanley. A report from mobile ordering and delivery service Olo offers tips for delivery success, including allocating space, ensuring technology is current and assigning an employee to oversee delivery. Read the QSR story here

Posted by: Mike Pallerino
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