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Weekly Retail Real Estate News- 12/08/2023

Updated: Jan 12

How Crumbl Baked Up a Cookie Revolution


While most brands are still in the emerging stage of their journey at this point, the term falls short of appropriately describing where the cookie chain has gone in less than a decade.

The correct term would be category leader. In just six years, Crumbl is everywhere in the U.S., quite literally. As of October, the company skyrocketed to roughly 920 locations in 50 states and Canada, making it by far the biggest cookie concept in North America 

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Cardenas Markets will open Las Vegas store


Heritage Grocers Group is pleased to announce it is expanding its footprint in Las Vegas, Nev. On Wednesday, Dec. 6, Cardenas Markets will celebrate the opening of its 58th store location bringing Heritage Grocers total store count to 115 locations in six states. 

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DSW parent company income, sales fall as unseasonably warm weather hurts demand

Designer Brands Inc. cut its full-year guidance amid disappointing third-quarter earnings and sales. The footwear giant and parent company of DSW said its performance was impacted by a footwear market that contracted for the first time since COVID coupled with unseasonably warm weather, which significantly reduced customer demand for shoes and put pressure on its heavily seasonal assortment.  

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Meijer expanding smaller-format neighborhood market format outside of Michigan

Meijer is slated to open its first neighborhood market outside of its home state of Michigan early next year.The retailer will open Fairfax Market in the Fairfax neighborhood of Cleveland.  Scheduled to open on Jan. 16 at 2190 E. 105th St., the 40,000-sq.-ft. store is part of a mixed-use neighborhood revitalization project being developed in partnership with the City of Cleveland, Cleveland Clinic, the Fairfax Renaissance Development Corporation and Fairmount Properties.  

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Report: Panera Brands Files to Go Public


Panera is the flagship chain of the platform, which also features Einstein Bros. Bagels and Caribou Coffee. This alliance was initially unveiled in August 2021, marking a significant milestone in the fast-casual industry’s history, as it boasts roughly 4,000 establishments. A few months following its formation, the group disclosed its intention to enter the public market through a merger with Danny Meyer’s special purpose acquisition company.  

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PacWest, Banc of CA Merger Approved

Four months after PacWest Bancorp and Banc of California Inc. announced their intent to merge under the Banc of California banner, the transaction officially closed on Nov. 30 following both shareholder and regulatory approval.Read Full Article...

Jack in the Box is expanding: Where is the fast-food chain setting up new locations?


Jack in the Box is “not your typical burger franchise” where those who have a craving can go for breakfast, lunch, dinner and a late night meal or just to get a snack. The brand that sells itself as a place that “has always been the place for those who live outside the box” is getting out of its own box with an aggressive expansion plan. 

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Sam’s Club to open two new distribution centers in St. Louis and Minneapolis

Membership warehouse club Sam's Club, a division of Walmart Inc., today announced plans to open two new distribution centers in early 2024 outside St. Louis and Minneapolis. The new facilities are part of a multi-year growth plan to transform the supply chain at Sam’s Club and evolve network and end-to-end capabilities.

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Ikea U.S. offers workers bonuses, retirement contribution amid record 2023

The company will dispense a total of $54.5 million to co-workers across two-thirds of its workforce as part of "One Ikea Bonus" program, a performance-based payout system designed to incentivize “everyone in each location working toward the same objectives.”  

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