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.
Sprouts Farmers Markets is opening its first store in New Jersey. The company will also cut the ribbon on a location in Arizona and California, with plans to open a total of 30 new stores this year. Read the Winsight Grocery Business story here
Generation Z — which next year will make up 40% of all consumers — has significant influence when it comes to family travel and thus should be a significant factor for luxury travel providers, even though the demographic doesn’t yet have an upscale income. By
Capri Holdings, the parent of luxury brands including Versace and Michael Kors, is focused on aggressively growing its brick-and-mortar store presence in its quest to compete with bigger luxury conglomerates. Versace will grow from 180 to 300 stores over the next three years. Read the
U.S. hotel occupancy will decline in 2020 and 2021, according to CBRE Hotels Research. The projected occupancy level of 64.6% in 2021 still would outpace the average of 62.5% from 1988 through 2018. Read the Hotels Magazine online story here
McDonald’s will open a new flagship in New York City’s Times Square today, with tech features including 18 ordering kiosks, digital menu boards and wireless tabletop charging stations. The three-story restaurant is expected to be the company’s busiest location. Read the CNBC story here
Applebee’s biggest franchisee, Flynn Restaurant Group, has eliminated delivery as part of a test in three major markets. The company, which operates about 400 Applebee’s restaurants, said early results show little pushback and an increase in its dine-in and carside-to-go sales. Read the Restaurant Business
The Borgata Hotel Casino & Spa’s new sports entertainment and nightlife venue is slated to open on June 29. Read the GlobeSt story here
Four of America’s top 10 most popular shopping malls can be found in New York and Florida, with New York hosting Destiny USA and The Shops at Columbus Circle, while Florida is home to Aventura Mall and Sawgrass Mills. Top picks are Minnesota’s Mall of
The team behind Suzy’s Swirl, which sells frozen desserts with flavors inspired by alcoholic beverages, is focused on pursuing retail expansion. Read the FastCasual story here
Lowe’s has narrowed its search for a technology hub to sites in Dallas and Charlotte, N.C., and expects to make a decision this summer, the company said. The home improvement retailer plans to add about 2,000 software engineers, infrastructure engineers and other tech professionals in
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