June 28, 2023
Deteriorating operations have forced Neiman Marcus to evaluate either a sale of its Bergdorf Goodman stores in New York City or possibly a disposition of the whole company, according to sources, who indicated that top executives plan to meet with prospective buyers for Bergdorf in ... Read more
June 21, 2023
Home Depot was notified that TRC Capital Investment Corporation made an unsolicited “mini-tender” offer to purchase up to 500,000 shares (less than 5% of total shares) of Home Depot’s common stock, at an offer price of $280 per share. This price is 4.5% lower tha ... Read more
June 14, 2023
Wegmans plans to close its Natick Mall store in Natick, MA this summer due to underperformance. The 134,000 square-foot supermarket opened in 2018 and is one of the largest operated by the chain. The location previously included a Mexican restaurant called Blue Dalia Restaurant an ... Read more
June 7, 2023
At a recent investor conference, Yum Brands CEO David Gibbs outlined the Company’s growth potential, saying it has the possibility to add “another 100,000” units, on top of the 55,000 stores the Company currently operates. Gibbs stated, “Five years from now, ... Read more
May 31, 2023
FY23 got off to a strong start for Dollar Tree with comps up 3.4% at Dollar Tree and 6.6% at Family Dollar. Both comp gains were primarily driven by increased traffic. During the quarter the Company added 107 stores and closed 29. The Company is looking to add 600 to 650 stores ... Read more
May 24, 2023
WHP Global, which acquired Toys “R” Us in 2021, entered into a partnership with travel retailer Duty Free America to open the first Toys “R” Us airport location. The store will be located in Terminal A at Dallas Fort Worth International Airport, slated to ope ... Read more
May 17, 2023
According to reports, six of the unopened Amazon Fresh stores located in the Minneapolis-Saint Paul, MN metro area are now available for sublease. The Company never officially announced it would open the stores, but its name was on permits for at least one of the buildings. While Am ... Read more
May 10, 2023
Christmas Tree Shops, LLC, DIP filed a voluntary Chapter 11 petition in the U.S. Bankruptcy Court for the District of Delaware on May 5. The Company faced a severe downturn in performance during 2022, amended its bank line eight times, and sold and leased back its Middleboro, M ... Read more
May 3, 2023
At Chipotle, 1Q23 sales growth was driven by a 10.9% increase in comps and new restaurant openings. In-restaurant sales increased 22.9%, which digital sales represented 39.3% of food and beverage revenue. The Company opened 41 new restaurants during the quarter, including 23 location ... Read more
April 26, 2023
On Sunday, Bed Bath & Beyond filed a voluntary Chapter 11 petition in the U.S. Bankruptcy Court for the District of New Jersey. While the Debtors have commenced a liquidation sale, they plan “an orderly wind down of its businesses while conducting a limited marketing pr ... Read more
