Category: Retail News

Movie Tavern Proposed in Trexlertown

Movie Tavern looks like it might be coming to Trexlertown, Pennsylvania.  Congratulations to Dave Goodman of Equity Retail Brokers who represented Movie Tavern in the transaction.  Morning Call Article

Beneficial Bank to Acquire Conestoga Bancorp

Beneficial has 56 branches.  Conestoga has 14.  Nine months after raising nearly $500 million in a second-step conversion, Beneficial Bancorp said Thursday that it will buy Chester Springs-based Conestoga Bancorp for $105 million in cash. Conestoga has $712 million in assets, $506 million in loans and $530 million in deposits and 14 branches in Philadelphia, […]

Ross Is Opening Stores

See the following Retail Dive article for the most recent Ross openings: Retail Dive Link Ross Stores to expand as off-price segment heats up Ross Stores Inc. will open four new Ross Dress stores in October, two in the Chicago area, one in Elkhart, IN, and one in East Largo, FL.The company is also opening four […]

Sears Posts Quarterly Profit

This article provides a good snap shot of the company’s current state of affairs.  GlobeSt.com Article Sears posts first quarterly profit since 2012 on property sale Sears reported its first quarterly profit in more than three years thanks to a one-off gain from the sale of stores, but the struggling retailer’s sales continued to decline. […]

Popeye’s Expanding

MarketWatch Article Popeyes Louisiana Kitchen Inc., the franchiser and operator of Popeyes US:PLKI  fast-food chicken restaurants, has some ambitious growth plans. “For the last eight years we put this brand on a trajectory to double in size in the U.S. and more than double in size internationally,” Chief Executive Cheryl Bachelder told MarketWatch. Popeyes, which has a […]

Lowe’s is Trying Some Smaller Format Stores

Lowe’s Cos. Inc. is beginning an experiment in going miniature soon when it opens the first of two stores in Manhattan. The first store, which opens Aug. 17, is on the Upper West Side at 2008 Broadway at West 68th Street. A second will open in September Chelsea at 635 Sixth Ave. at West 19th […]

Ross Opening 27 Stores

Chain Store Age Article Ross Stores has some big plans when it comes to opening new stores. Ross is opening 19 Ross Dress for Less and eight dd’s Discounts stores across 15 different states in July. These new locations are part of the off-price retailer’s 2015 expansion plans to add a total of approximately 90 […]