Retail Roundup – 10 Store Expansions to Watch For - GSP
With stores like Gymboree, Payless and Victoria’s Secret making headlines for closing, it’s refreshing to learn other retail chains are growing and/or remodeling. From convenience to clothing, these stores are alive and well and expanding across the U.S.
With plans of opening more than 2,500 stores by 2022, Aldi is set on becoming the third-largest U.S. grocer by store count. This puts Aldi right behind Walmart and Kroger. Last summer, Forbes reported that Aldi’s strategy includes expansion in more suburban, middle- and upper-middle-class neighborhoods.
- American Eagle Outfitter
American Eagle is seeing a steady increase in both online and store sales prompting the opening of 50 to 80 Aerie intimate apparel stores this year. The company is especially focused on expanding throughout Texas and California.
- Barnes & Noble
Barnes & Noble is opening several new, stylishly designed smaller-footprint prototype stores with comfy seating and self-serve tablets and kiosks. Nine are already opened and the bookstore chain plans to add 10 to 15 next year.
- Love’s Travel Stops & Country Stores Inc.
CSP reports that Love’s is scheduled to open more than 40 new locations this year, bringing its total store count to more than 500 sites nationwide. In 2018, the company opened 35 new travel stop locations and 2,900+ truck parking spaces. What’s more, Love’s plans on adding thousands of new truck parking lots as well as expanding on-site truck and tire care services.
- TJX Companies: T.J. Maxx, Marshall’s and Home Goods
TJX Companies, the parent of T.J. Maxx, Marshall’s, and Home Goods added 28 new T.J. Maxx, 34 Marshall’s and 85 Home Goods stores in 2018. The company plans to have 3,000 T.J. Maxx and Marshall’s U.S. locations, up from about 2,250 stores currently with the number of Home Goods stores nearly doubling to 1,400. Expect several dozen new stores from the company in 2019.
Target has announced 23 new store openings for 2019, most of which are small-format locations. Last year, Forbes mentioned the company was looking to open 30 of the smaller stores while remodeling close to 325 stores this year.
- TravelCenters of America
Acquisition plans are driving TravelCenters of America’s goal to add 20 travel centers to its network this year. “Though there is nothing yet far enough along to claim a win, we have a handful of potential targets under discussion for evaluation,” Barry Richards, TA president and chief operating officer told CS News.
- QuikTrip Corp.
Over a year ago, QuikTrip announced plans to add more than 100 stores in the San Antonio and Austin, Texas region. Although the company has 130 locations in the Dallas area, San Antonio Express-News reported that QuikTrip chose San Antonio and Austin due to the area’s population growth and number of commuters.
- Ross Stores
Since February, Ross Dress for Less opened 22 Ross Dress for Less and six dd’s Discounts stores across 12 different states. According to Chain Store Age, the retailer is planning to open 75 Ross and 25 dd’s Discounts locations. The chain currently operates 1,745 Ross and dd’s Discounts locations across 38 states, the District of Columbia and Guam.
- Green Zebra Grocery
Oregon’s healthy convenience store startup, Green Zebra Grocery, plans to open 400 locations within the next 10 years. The chain currently has three stores in Portland with another in the works and hopes to have 20 stores by 2020. “Landlords and developers like our small store model,” the company’s CEO Lisa Sedlar told Specialty Food News. “They see it as an anchor amenity in their developments; we see it as an anchor amenity in the neighborhood,” she added.
Are you a retailer looking to remodel, refresh or expand? GSP is here to help. Contact us today to hear how we can assist with branding, retail environments, rollouts, marketing and more.