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.
Sonesta hotel brands is scaling up and scaling down with two new brands. Sonesta enters the limited-service sector with Sonesta Essential, a little higher price point with Sonesta Select and the high-end sector with The James, which it acquired last year. Skift
Hibbett Sports‘ growth plans are focused on opening new stores in small and midsized markets and making the most of a competitive edge through its wholesale deal with Nike. Footwear retailer Boot Barn is also in growth mode, with plans to open 40 stores and
Several big-box retailers are opening more stores after multiple years in which they reduced their footprints, with Barnes & Noble planning for 30 more stores in 2023. These retailers are proceeding with expansion plans “at a measured pace.” The Wall Street Journal
DSW owner Designer Brands has acquired footwear brand Topo Athletic as part of the company’s commitment to expand its roster of company-owned shoe brands. Designer said earlier this year that it aims to increase revenue from owned and licensed brands, including Vince Camuto and Jessica
A new layout at 44 Ulta Beauty stores is designed to make it easier for shoppers to navigate and discover new products, and upgraded displays of mass and prestige brands are aimed at improving the beauty shopping experience and driving sales growth. Increases in salon
Florida-based Southeastern Grocers completed a busy year in 2022 in which it remodeled 51 locations and opened two new Winn-Dixie and 17 new liquor stores. The company also launched a delivery service for over 375 Winn-Dixie and Harveys Supermarket locations and donated more than $6.75
Despite the rise in e-commerce and challenges of the pandemic, Simon Property Group is poised to reach pre-pandemic occupancy rates at its malls this year. The addition of a wider variety of tenants including entertainment venues, medical offices and gyms is helping boost occupancy, and
Fast-growing retailer Aldi said it has strengthened its presence in the Southeast with the opening this week of a new regional headquarters at its 564,000-square-foot distribution center in Loxley, Alabama that will serve up to 100 Aldi stores. Supermarket News
Subway sees global markets as a key area for future growth, and the sandwich chain has made some recent deals with international operators that will expand Subway’s presence in Turkey and Saudi Arabia. Turnaround efforts have worked to reverse sales declines, and Subway reported a
Staffing and economic challenges will remain, but the hotel and resort industry this year is likely to top pre-pandemic performance in terms of nominal room revenue, state and local tax revenue and demand, according to the American Hotel & Lodging Association‘s State of the Hotel
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