Shawmut Design and Construction has joined Draper and Wexford Science & Technology to break ground on the 111,000-square-foot Integrated Microelectronics Production & Advanced Chip Technology (IMPACT) Center in Lowell, Massachusetts.
Target was set to open its first three stores in Canada, with plans to have 24 up and running in Ontario by the end of the month and 124 by the holidays. The retailer is betting that features from cart wipes to color-coded aisles that
Wal-Mart Stores will expand a solar-energy program to 12 Wal-Mart and Sam’s Club stores in Ohio, installing panels that will supply between 5 percent and 20 percent of each store’s total electricity use. Read the American City Business Journals story here.
Dick’s Sporting Goods has averaged 17 percent annual sales growth during the past decade, and earnings forecast to hit $3 per share next year are boosting the stock price. The Pittsburgh-based chain operates 511 stores and expects to grow to about 900 in the coming
Subway, which currently has about 38,800 units worldwide, could very well hit the 50,000-unit mark by 2017. According to co-founder and president Fred DeLuca, Subway is “relatively easy to expand” because of its name brand and traction. Read the QSRWeb.com story here.
The Counter will launch Built Custom Burgers by The Counter, a fast-casual chain that lets guests design their own burgers as they move down a service line, similar to the setup at Chipotle. The chain plans to open the first Built unit in Southern California
A panel of economists during a session at this week’s International Hotel Investment Forum in Berlin forecast steady improvement for the hotel industry despite continued economic uncertainty in several markets worldwide. Read the Hotel Management online story here.
Several hotels in Detroit are preparing to undergo renovations, as a rebound in hotel demand has opened up financing opportunities for property improvement projects. Data from STR show that the occupancy rate in metro Detroit last year was 61.9 percent, compared with 59.9 percent in
Bloomingdale’s, Neiman Marcus and Saks have all signed on to open outlet stores at Fashion Outlets of Chicago, a mall that will open in August near O’Hare International Airport. The 530,000-square-foot space will be home to more than 100 tenants, including Banana Republic, Barneys New
Checkers restaurant, the fast-food restaurant that mostly caters to drive-through customers, is making a solid comeback in Brevard County. Three of four Checkers that had been closed in recent years have re-opened. The new owners who took over a bankrupt franchisee’s territory are planning up
A $150 million plan to renovate the Las Vegas Global Business District was approved Tuesday. It is part of a $2.5 billion plan to overhaul the district that includes the Las Vegas Convention Center. Plans call for wireless connectivity throughout the center, a transportation hub,
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