Weekly Perl: A Commercial Real Estate News Recap
Jack in the Box Inc. Reports Fourth Quarter and Full-Year 2024 Earnings
Jack in the Box same-store sales of (2.1%) in Q4 2024, (1.3%) for FY 2024.
It Took Chipotle Just Five Years to Build 1,000 ‘Chipotlanes’
One of the first times Chipotle spoke openly about the so-labeled “Chipotlane” was in November 2019, when former CEO Brian Niccol addressed CNBC’s Evolve Summit in Los Angeles. He claimed it was taking the brand “all of 12 seconds” to get food to customers through the format.
Sandwich chain Jersey Mike’s acquired for a reported $8 billion
Jersey’s Mike’s has been acquired by the world's largest alternative asset manager.
Ace Hardware revenue grows to record $2.3B in Q3
Operating expenses also rose nearly 13% in the quarter as the company invests in store openings, marketing and more ad spending.
Advance Auto Parts to close 523 corporate stores, exit 200 independent locations
Advance Auto Parts reported another quarter of declining sales and said it planned to close 700-plus stores as part of a “strategic plan to improve business performance with a focus on core retail improvements."
More small businesses to close across from Inglewood Sports & Entertainment District
INGLEWOOD – The city of Inglewood is in negotiations to purchase a dilapidated strip mall across the street from the Inglewood Sports and Entertainment District (ISED) that houses Hollywood Park, Intuit Dome and SoFi Stadium.
Dutch Bros to accelerate openings in 2025 to 160-plus sites; testing food options
Dutch Bros. Inc. reported better-than-expected third-quarter earnings and sales, fueled in part by its new mobile ordering system and continued store growth.
