Archive for July 2020
ATTENTION RESTAURANT OWNERS AND INVESTORS
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…
Read MoreNRF: Latest Study Shows Heightened Importance of Retail in U.S. Economy
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…
Read MoreGhost Kitchens Could be a $1 T Global Market by 2030, says Euro Monitor
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…
Read MoreCenters of Gravity – ABJ
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…
Read MoreWith Ascena Retail Group’s Bankruptcy, Retail Crosses a Grim Milestone
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…
Read MoreAldi plans $100M regional HQ project in south Alabama – BBJ
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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