Category Archives: News

This is the category for the ‘recent news’ that feeds on the home page

Macy’s CEO maps mall-based future for Backstage concept

Macy’s plan to open 30 more in-store Backstage shops this year is part of a strategy to create mall-based competition to off-price retail operator TJX. Read the CNBC story here

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AccorHotels sees signs of a turnaround in France

AccorHotels says hotel occupancy in France is on the rise after a steep decline in demand following a series of terrorist attacks. Worldwide, AccorHotels reported first quarter revenue growth of 35%, with a 7.4 percent like-for-like rise. Read the Reuters …

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Disney considers development of Star Wars resort hotel

Disney is asking guests whether they would stay at a hotel resort inside Star Wars Land, which will open at Walt Disney World‘s Hollywood Studios in 2019. Guest rooms would be designed to look like the interior of a starship. …

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IHS report: Construction costs up for 6th consecutive month in April

Construction costs rose in April on price strength in materials and equipment, according to IHS Markit and the Procurement Executives Group (PEG). The headline IHS Markit PEG Engineering and Construction Cost Index registered 57.0 in April, the sixth consecutive month …

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Fuddruckers parent debuts a new restaurant format

Luby’s has unveiled a new Fuddruckers format in the Houston market that it’s calling the future of the brand. The 147-seat eatery includes three self-ordering stations and an open kitchen facing a bar with counter seating. Read the Nation’s Restaurant …

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Subway trimmed store count in 2016

Subway closed 359 restaurants last year, dropping its store count by 1.3%, but with 26,744 restaurants it’s still the US restaurant chain with the most units. The sandwich chain is working to revive sales amid growing competition, with the addition …

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Bebe to close its remaining stores in May

Fashion retailer Bebe Stores will shutter all 168 of its remaining stores by the end of May, the The Wall Street Journal reports. Last month, Bebe announced plans to close 21 underperforming stores and said it had hired B. Riley …

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Red Roof Inn growth going global

Having nearly doubled its franchises and boosted brands by 40% since reorganizing three years ago, Red Roof Inns has expansion plans centered on the western U.S., Asia and Brazil. Renovations have been under way throughout the chain since 2011. Read …

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IKEA eyes standalone restaurant plans

Swedish furniture giant IKEA is putting a bigger emphasis on food and is considering plans to start opening standalone eateries. About 30% of IKEA shoppers stop in just to dine, and the chain sells more than a billion of its …

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Dean & DeLuca to introduce a quickserve concept

Gourmet food retailer Dean & DeLuca will introduce a quickservice concept in New York City this year that will include a rectangular counter where customers can watch their food being prepared and interact with staffers. The company tested the concept …

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