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.
Bed Bath & Beyond will shutter 40 namesake stores and 20 additional locations from its other banners by the end of the current fiscal year. The closures will allow the company to boost profitability and get the most out of its remaining fleet of stores.
Huey Magoo’s has opened a location in Ocoee, Florida, featuring the chain’s first drive-thru. The 2,000-square-foot restaurant, which includes indoor and outdoor seating, is operated by Huey Magoo’s co-founders and franchisees Matt Armstrong and Thad Hudgens, along with territory manager Bill Weld and GM Josh
Houlihan’s Restaurants Inc. (HRI) closed at least 12 restaurants in anticipation of the bankrupt operation’s purchase on Dec. 30 by Landry’s Inc. Read the Restaurant Business online story here
The Spokane Public Library has opened a temporary branch at NorthTown Mall in Washington while its Shadle branch undergoes renovations. The move comes three years after the library opened the Bookend at Spokane Valley Mall. Read The Spokesman-Review story here
South Florida-born Tacocraft Taqueria and Tequila Bar will open its fourth location in the tri-county region in downtown Fort Lauderdale later this year. Read The Business Journals story here
Many retailers focused on in-store innovation and creating new experiences in 2019, including Nike, which integrated the digital shopping experience into its New York City flagship. Starbucks incorporated theatrical elements into its Reserve Roastery stores, and others including MUJI, Nike and RH created one-of-a-kind retail
McDonald’s and Starbucks kept their number one and two spots, respectively, on an annual ranking of the biggest restaurant chains by Nation’s Restaurant News. Chick-fil-A rose from seventh to third place, with 16.7% sales growth last year. Read the Nation’s Restaurant News story here
Georgia State University students are getting new destinations for delivery pizza and morning coffee. Stoner’s Pizza Joint, which claims to have the “best pizza in America,” will open its first Atlanta location downtown at 120 Piedmont Ave. NE. Read The Business Journals story here
Nord Bay Capital and TriArtisan Capital Advisors have acquired Hooters of America, the franchiser of about 430 Hooters eateries, for an undisclosed amount. Nord Bay and TriArtisan expect to expand Hoots, the fast-casual concept launched by the company two years ago. Read the Restaurant Business
Downtown Sacramento is slated for a new 14-story, 275-room Hilton hotel, with construction scheduled to get underway as soon as next year. Read The Business Journals story here
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