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Who's Opening & Where
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Who's Opening & Where PetSmart, Inc. (623-580-6100) is planning to open a 20,000 sq.ft. PetSmart store at Seaview Square Mall, a center located in Ocean Township, NJ. Overall, the company is looking to open 90 stores this year. The specialty retailer of pet food and supplies has approximately 825 stores in the U.S. and Canada. The stores carry about 12,800 products, which range from scratching posts to iguana harnesses, and are sold under national brands and PetSmart’s own private labels. The retailer offers products through its PetSmart (pets) and State Line Tack (equine) Web sites and through catalogs. Many PetSmart stores offer in-store grooming and obedience training; veterinary services are available in some 525 shops through pet hospital operator Medical Management International (known as Banfield).
Save-A-Lot Food Stores, Inc. (314-592-9100) is planning to open two stores in the Portland, OR area. The stores will be located on southeast Foster Road and on southeast King Road in Milwaukie, OR. Those stores and two stores in WA state will also open this month. The deep-discount grocery chain operates more than 1,100 stores in 42 states under the Save-A-Lot banner. About two-thirds of the stores are licensed; the rest are company owned and operated. Save-A-Lot stores offer a limited assortment of items (about 1,250 of the most frequently-purchased grocery products) at prices up to 40% lower than conventional grocery stores. Save-A-Lot is a subsidiary of grocery wholesaler SUPERVALU, which bought the company in 1993.
Dominick’s Finer Foods, LLC (630-891-5000) is planning to open a 50,000 sq.ft. Dominick’s supermarket in West Town on Chicago Avenue in Chicago, IL. It will be the company’s 100th store. The full-service supermarket will be built on three lots on a space formerly occupied by Edmar Foods. The company is the second-largest supermarket operator in the metropolitan Chicago area (after Albertson’s Jewel-Osco supermarket chain). Dominick’s has 100 stores; 70 of them are combination food stores and drugstores, offering such services as expanded produce areas, floral departments, and in-store cafes, under the Dominick’s Fresh Store name. The rest are mostly conventional supermarkets. Dominick’s also operates a commissary that produces its prepared foods. Supermarket giant Safeway acquired Dominick’s in 1998.
Lowe’s Cos., Inc. (704-758-1000) is planning to open a Lowe’s Home Improvement store on Nolensville Pike in the Nashville, TN area. Opening for the store is slated for January of 2008. The home improvement chain operates more than 1,250 superstores in 49 states and has announced plans to expand into Canada in 2007. The company’s stores sell about 40,000 products for do-it-yourselfers and professionals for home improvement and repair projects, such as gardening products, home fashion items, lumber, millwork, plumbing and electrical supplies, and tools, as well as appliances (for which the company has a market share of 13%) and furniture.
Harris Teeter, Inc. (704-845-3100) is planning to open an additional five stores during the fourth quarter for a total of 16 store openings during fiscal 2006. The retailer plans to open 21 new stores within its existing markets during fiscal 2007. Harris Teeter operates about 150 supermarkets, mostly in NC, but also in five other southeastern states. Most of the upscale regional chain’s grocery stores feature niceties such as sushi bars, gourmet delis, and cafes. Harris Teeter operates six stores in northern VA and has plans to expand in the competitive Washington, D.C. market and the nearby suburbs. To that end, the upscale grocery chain plans to add at least a dozen new stores in northern VA during the coming years. Formed by the combination of Harris Super Markets and Teeter’s Food Marts in 1960, Harris Teeter was acquired by Ruddick in 1969. Harris Teeter accounts for nearly 90% of its parent company Ruddick’s sales.
Lone Star Steakhouse & Saloon, Inc. (316-264-8899) is planning to open 20 Lone Star restaurants and 11 of its higher-end restaurant concepts this year and next year. Lone Star Steakhouse & Saloon owns and operates about 250 of its namesake and Lone Star Cafe casual-dining restaurants that offer mesquite-grilled steaks, ribs, chicken, and fish in nearly 40 U.S. states. Patrons are also treated to surroundings appointed by Texas paraphernalia, neon beer signs, and country music. In addition Lone Star Steakhouse operates 20 Texas Land & Cattle Steak House restaurants, 15 upscale Sullivan’s Steakhouses, five Del Frisco’s Double Eagle Steak Houses, and a single mid-priced Italian restaurant known as Frankie’s.
Peet’s Coffee & Tea, Inc. (510-594-2100) is planning to open a total of 23 to 28 stores this year. With more than 110 coffee shops in six states, Peet’s offers java lovers more than 30 types of whole bean and fresh ground coffee, including more than 20 blends. Its teas run the spectrum from India black to herbal blends. The stores also offer fresh brewed coffee, biscotti, and other pastries, along with mugs and brewing equipment. Most of the company’s outlets are located in CA. In addition to its retail operations, Peet’s sells coffee through specialty channels such as mail order and the Internet. The company also sells its coffee wares through retail grocery stores, including Safeway and Whole Foods.
True Religion Apparel, Inc. (323-266-3072) is planning to open True Religion stores in New York, NY and South Beach in Miami, FL. True Religion Apparel (formerly Gusana Explorations) designs, makes, and markets high-end denimwear through its wholly owned subsidiary, Guru Denim. Its apparel offerings (jeans, skirts, denim jackets, and tops) are sold under the True Religion Brand Jeans label in Australia, Canada, Europe, Japan, Mexico, the Middle East, South Korea, the United Kingdom, and the U.S. Upscale retailers, such as Barneys New York, Bergdorf Goodman, Neiman Marcus, Nordstroms, Saks Fifth Avenue, and about 600 high-end boutiques nationwide sell True Religion’s merchandise.
Conn’s, Inc. (409-832-1696) is planning to open five to six stores during the fiscal year ending January 2007, including two locations opened so far this year. With more than 110 years under its belt, the retailer sells appliances (refrigerators, freezers, washers, dryers) and consumer electronics (VCRs, DVD players, camcorders, LCD and plasma-screen TVs) through more than 58 stores in LA and TX, and via its Web site. Conn’s also offers home office equipment, lawn and garden products, and other home products such as bedding. The retailer began as a small plumbing and heating business in 1890. The Stephens Group owns about 48% of Conn’s.
Captain D’s, LLC (615-391-5461) is planning to open a restaurant in Van Buren, AR by the end of the year, and another three to five restaurants in northwest AR. Captain D’s expects to open 40 locations this year after opening 20 last year. Captain D’s is a leading quick-service seafood chain with more than 600 locations in two dozen states, primarily in the South. The chain’s menu features fried and broiled fish, shrimp, and chicken, as well as French fries, hush puppies, and corn on the cob. The chain also serves fish and chicken sandwiches, salads, and menu items for kids. The chain is owned by Sagittarius Brands, a restaurant development company backed by equity firms Charlesbank Capital Partners and Grotech Capital Group.
Jones Apparel Group, Inc. (215-785-4000) is planning to open a 1,600 sq.ft. Anne Klein New York store at The Mall at Green Hills located in Nashville, TN. Opening is slated for this month. Jones Apparel Group provides a wide range of women’s and men’s clothing and shoes. Brands include Jones New York and Evan-Picone. Subsidiary Nine West Group, bought in 1999, designs shoes (Easy Spirit, Enzo Angiolini, Bandolino, Gloria Vanderbilt), as does Maxwell Shoe (Anne Klein, Joan & David), bought in 2004. Gloria Vanderbilt and l.e.i., both acquired in 2002, design twill and denim casualwear, swimwear, and accessories, among other things. Jones currently owns and operates more than 1,000 retail and outlet stores.
O’Charley’s Inc. (615-256-8500) is planning to open three or four company-operated O’Charley’s restaurants and three to four franchised or joint-ventured restaurants by the end of the year. The company also is planning to open between four and six Ninety Nine restaurants in the 2006 fiscal year. The company also is planning to open two additional Stoney River restaurants this year, with locations in the St. Louis, MO and Atlanta, GA markets. The company operates and franchises more than 230 of its namesake casual-dining restaurants in 16 states across the southeastern and midwestern U.S. Its eateries feature moderately priced menu items such as steak, chicken, pasta, and seafood. O’Charley’s also owns Ninety Nine Restaurant and Pub, a chain of more than 100 casual-dining spots located primarily in New England, and seven Stoney River Legendary Steaks locations offering more-upscale dining.
Stage Stores, Inc. (713-667-5601) is planning to open more than 100 stores this year, including approximately 40 locations in the southeast. The company plans to open a Peebles store in Demopolis, AL during November. The company operates about 550 department stores, mainly in rural towns in TX and 30 other U.S. states. Through its Stage, Bealls, Palais Royal and Peebles stores, the company offers small-town America moderately priced apparel and accessories, cosmetics, and footwear. Nationally recognized brands such as Tommy Hilfiger, Liz Claiborne, Levi Strauss, Chaps, and Polo are sold alongside Stage Stores’ private-label merchandise. Items may be charged on the company’s credit cards. Stage Stores acquired the 78-store B.C. Moore & Sons chain for about $37 million.
Wild Oats Markets, Inc. (303-440-5220) currently has 20 leases or letters of intent signed for new stores. Of the stores slated to open beyond this year, 10 are under the Wild Oats brand and three are under the Henry’s brand, with two being relocations of older Henry’s stores and two being relocations of older, smaller Wild Oats stores. The company also plans on completing the major remodeling of a total of three stores this year, two of which include expansions. The No. 3 natural foods supermarket chain in the U.S. in terms of sales (after Whole Foods and Trader Joe’s), Wild Oats runs about 110 full-service stores in 24 states and British Columbia, Canada. Its stores provide natural, organic, and traditional grocery items, as well as environmentally friendly household products. The stores operate under the Capers Community Market, Henry’s Farmers Markets, Sun Harvest Farms (in TX), and the Wild Oats Natural Marketplace names. It also has bakeries, coffee and juice bars, and massage therapists in most stores.
P.F. Chang’s China Bistro, Inc. (480-888-3000) is planning to open a P.F. Chang’s China Bistro restaurant at the Royal Hawaiian Shopping Center located in Waikiki, HI early next year. The restaurant will be the company’s largest, with more than 11,000 sq.ft. of space. The new restaurant is one of three HI locations planned by the company. The first is under construction at the street level of the Hokua luxury residential high-rise near Victoria Ward Centers in Kaka’ako. The 7,500 sq.ft. restaurant is slated to open in September. The company plans to open a third location in Kona on the Big Island. P.F. Chang’s China Bistro owns and operates about 130 full-service bistro restaurants throughout the U.S., offering lunch and dinner menus inspired by five culinary regions of China. The chain’s restaurants offer stylish dining areas, display kitchens, and narrative murals based on ancient Chinese designs. Specialties include Chicken in Soothing Lettuce Wrap and Szechwan-style Long Beans as well as a variety of other dishes made with chicken, beef, seafood, vegetables, and noodles. The company also owns and operates almost 80 limited-service Pei Wei Asian Diners, mostly in the southwestern U.S.
Rubio’s Restaurants, Inc. (760-929-8226) is planning to open eight to 10 restaurants by the end of the year. The company operates more than 150 Rubio’s Baja Grill fast-casual restaurants, featuring fish tacos, lobster burritos, shrimp quesadillas, and other seafood dishes from the Baja region of Mexico. Rubio’s eateries are located primarily in CA, as well as in AZ, CO, NV and UT. It franchises a small number of units and licenses the concept to operators that have opened specialty locations at San Diego’s Petco Park Stadium and the San Diego International Airport, as well as at Arrowhead Pond in Anaheim, CA.
Starbucks Corp. (206-447-1575) is planning to open 2,400 stores on a global basis in fiscal 2007, up from 2,000 new stores during fiscal 2006. In the U.S. the company is planning to open 1,000 company-operated locations and 700 licensed locations. In international markets, Starbucks now plans to open approximately 300 company-operated stores and 400 licensed stores. Starbucks currently operates approximately 10,000 coffee shops throughout more than 30 countries. The shops offer coffee drinks and food items, as well as beans, coffee accessories, teas, and CDs. Starbucks owns about 6,000 of its shops, which are located in 10 countries, mostly in the U.S., while licensees and franchisees operate more than 4,200 units worldwide, primarily in shopping centers and airports. The company also owns and franchises the Seattle’s Best Coffee and Torrefazione Italia chains in the U.S. In addition, Starbucks markets its coffee through grocery stores and licenses its brand for other food and beverage products.
CVS Corp. (401-765-1500) is planning to remodel and convert Osco stores in Fishers and Carmel, IN into CVS pharmacies. The company also is opening a store in Noblesville, IN. In June, CVS acquired the 700 stores of the Osco and Save-on chains nationwide. Following its acquisition of Eckerd in 2004 and 700 stores from Albertsons in 2006, CVS operates approximately 6,100 stores in nearly 45 states. Subsidiary PharmaCare offers managed-care drug programs. CVS went online when it bought Soma.com (renamed CVS.com). Some 50 PharmaCare specialty pharmacy stores serve patients with long-term conditions requiring complex drug therapies.
Back Yard Burgers, Inc. (901-367-0888) is planning to open two company-operated locations and 12 to 15 franchised restaurants for the remainder of the year. The company operates and franchises more than 174 of its signature fast food restaurants in nearly 21 southern and Midwestern states. The eateries are known for their made-to-order charbroiled hamburgers from 100% Black Angus beef. Back Yard Burgers’ menu also includes chicken sandwiches, chili, milkshakes, salads, and cobbler. Most of the company’s restaurants offer both dine-in and drive-thru service. About 40 Back Yard Burgers locations are company-owned, while the rest are franchised.
Wal*Mart Stores, Inc. (479-273-4000) is planning to open a total of 335 to 370 stores this year. New growth will be focused on developing Wal*Mart Supercenter stores. The company currently operates more than 5,700 stores, including some 1,350 Wal*Mart stores, nearly 2,000 Wal*Mart Supercenter locations in the U.S. and the United Kingdom, and 550 Sam’s Club stores. Nearly 75% of its stores are in the U.S., but Wal*Mart is expanding internationally; it is the top retailer in Canada and Mexico. It owns 42% of Japanese supermarket chain SEIYU. Wal*Mart also has operations in Asia, Europe and South America.
Burger King Holdings, Inc. (305-378-3000) is planning to open more than 80 restaurants in Latin America and more than 100 in the U.S. and Canada. Burger King Holdings operates the world’s #2 hamburger chain (behind McDonald’s) with more than 11,100 restaurants in the U.S. and about 65 other countries. In addition to its popular Whopper sandwich, the chain offers a variety of burgers, chicken sandwiches, salads, and breakfast items. About 1,300 Burger King locations are company-owned, while the rest are owned and operated by franchisees. Investment firms Texas Pacific Group, Bain Capital, and Goldman Sachs each own about 25% of the company.
RARE Hospitality International, Inc. (770-399-9595) is planning to open 29 to 30 company-owned LongHorn Steakhouse restaurants, including seven to eight locations during the third quarter. The company also is planning to open a The Capital Grill restaurant during the fourth quarter of fiscal 2006. RARE Hospitality owns and franchises more than 300 casual-dining restaurants that specialize in steak and beef dishes. Its flagship LongHorn Steakhouse chain offers steak, seafood, and chicken dishes in a casual setting with Western decor. There are about 250 LongHorn Steakhouses in 25 states as well as four franchised units in Puerto Rico. The 23 upscale Capital Grilles are found in 18 states and Washington DC.
Spartan Stores, Inc. (616-878-2000) is planning to open more locations in 2007. The company is a leading grocery wholesaler, distributing more than 42,000 food and general merchandise items to 350-plus independent grocery stores as well as its company-owned stores. Spartan operates some 70 supermarkets in MI under the D&W Fresh Markets, Family Fare Supermarkets, and Glen’s Markets banners, as well as about 20 deep-discount drug stores (The Pharm) in MI and OH. Spartan gained 16 grocery stores when it acquired D&W Food Centers this year.
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