If you are looking for a WINNING restaurant concept that would be 1) first to market, 2) family-friendly yet very cool  3) will possess a great opportunity for expansion, I would like to speak with you! In my work as a commercial broker specializing in restaurant and retail concepts, I rarely see concepts that make…

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Source: National Retail Federation Prior to the COVID-19 pandemic, NRF commissioned PwC to update our 2014 study on retail’s impact on the U.S. economy. The latest results are in — and they profoundly illustrate the retail sector’s importance. And though the economic impact of the coronavirus pandemic will drastically reduce the numbers overall, they do emphasize the…

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Source: Restaurant Dive  Emma Liem Beckett Ghost kitchens, or cooking facilities that produce food only for delivery with no dine-in or customer facing areas, could create a $1 trillion global opportunity by 2030, according to a Euromonitor virtual webinar presented by Euromonitor’s Global Food and Beverage Lead Michael Schaefer. The firm predicts cheaper, faster and more…

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Source: Atlanta Business Journal Every weapon U.S. shopping malls have deployed in the war against e-commerce — movie theaters that serve dinner, hands-on beauty chains and cocktail bars inside department stores — could be rendered useless by the novel coronavirus pandemic. Malls have been on a long, slow downward spiral for the better part of…

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Source: Halie LeSavage Morning Brew Ascena Retail Group, parent to Ann Taylor and Lane Bryant, officially filed for Chapter 11 bankruptcy yesterday. Yes, I triple-checked this time. Around 60% of sales across Ascena’s brands came from its stores, so COVID-19 closures left a crater. But ballooning debts and an overcrowded portfolio hamstrung Ascena before the pandemic. In…

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Source: Birmingham Business Journal Growing grocery chain ALDI has chosen a site in south Alabama for a new regional headquarters and distribution center. ALDI U.S. has purchased 160 acres north of Interstate 10 in Loxley to build a 564,000-square-foot facility, according to the Alabama Department of Commerce. The project represents a $100 million capital investment…

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