Los Angeles — Sameday Testing will open five new COVID-19 testing facilities within Westfield shopping centers. The locations will be at Westfield Annapolis, Westfield Montogmery and Westfield Wheaton in Maryland; The Village at Westfield Topanga in Woodland Hills, California; and Westfield Old Orchard in Skokie, Illinois. The Los Angeles-based operator now has more than 30 locations in cities including Washington, D.C., Los Angeles, Dallas and Miami. Patrons can receive COVID-19 testing at the sites as well as future vaccinations. “We must grow faster than the virus to beat it — …
Bed Bath & Beyond Agrees to Sell Cost Plus World Market to Private Equity Firm, Including 243 Stores
Union, N.J. and Los Angeles — Bed Bath & Beyond Inc. has agreed to sell Cost Plus World Market, a specialty retail chain that sells home furniture, décor and international food products. The buyer, Los Angeles-based private equity firm Kingswood Capital Management, expects to continue operations under the Cost Plus World Market banner. The purchase agreement includes 243 brick-and-mortar locations, the World Market digital business, two distribution facilities and a corporate office located in Alameda, California. Both companies have agreed to a transition services agreement (TSA) following the close of …
Orlando, Fla. — Drive Shack Inc. will reopen its 65,000-square-foot location in Orlando on Friday, Dec. 18. The location closed earlier this spring in accordance with local COVID-19 guidelines. The venue is located at 7285 Corner Drive, 21 miles southeast of downtown Orlando. It is open from 3 p.m. to 11 p.m. Monday through Thursday and from noon to 11 p.m. Friday through Sunday. The location will operate with restrictive and precautionary measures in place, including enhanced cleaning and sanitization protocols, capacity limitations, social distancing measures and certain restrictions on …
Milwaukee — Outlook Management Group LLC’s president Ray Balfanz has partnered with Hunger Task Force of Milwaukee and other local small businesses to donate food to Milwaukee residents in need. Balfanz created the CollectionConnection to raise money for meals. The six-week fundraiser will end Dec. 31. As of Dec. 11, $2,225 had been raised, which means meals plus one holiday meal for 20 families for one week have been donated through the program. Balfanz is teaming with Wisconsin-based companies such as Pinnacle Construction, LLJ Ventures and Wisconsin Mall Properties. Balfanz says …
Houston — Francesca’s, the Houston-based apparel and accessories chain for women, has filed for Chapter 11 bankruptcy and will close an additional 97 stores across the country, according to documents filed in the U.S. Bankruptcy Court for the District of Delaware. Francesca’s had previously announced in mid-November that it would be closing 140 stores, or roughly 20 percent of its total count, and possibly pursuing a Chapter 11 bankruptcy declaration. According to CNBC, Francesca’s has received a buyout offer from Los Angeles-based TerraMar Capital and hopes to close a sale by late January.
Tamarac, Fla. — Sonny’s Enterprises has entered into an agreement to buy Lone Star Car Wash Systems for an undisclosed price. Sonny’s will use the acquisition of the Texas-based car wash company to expand and create Sonny’s CarWash Services of Texas. The Tamarac, Florida-based buyer says current car wash owners and potential investors will have a local team to rely on for help with everything from equipment and chemistry, to site and management consulting, maintenance and repair. “Our proposal to acquire Lone Star was an easy decision because it allows …
Nashville, Tenn. — Burger Republic has launched its “Defend Heroes” gift card promotion. For every $50 spent on a gift card, the Nashville-based burger chain will donate one meal to a frontline worker or first responder in the Music City. The promotion will run through Dec. 31. The gift cards can be purchased online or in-person at any of the four locations in metro Nashville. Drew Jackman, who partnered with Jeff Warne to create Burger Republic in 2012, says the “Defend Heroes” promotion was shaped in May during a buy …
Harrisburg, Pa. — Ollie’s Bargain Outlet has reported its comparable store sales for third-quarter 2020 rose 15.3 percent over third-quarter 2019. As of the end of the third quarter, which ended Oct. 31, the Harrisburg-based retailer operated 385 stores in 25 states. Net income increased 67.7 percent to $45.2 million for the quarter. “I am extremely proud of our entire team for working tirelessly during these unprecedented times and delivering another exceptional quarter,” says John Swygert, president and CEO of Ollie’s Bargain Outlet. “We once again demonstrated our ability to …
Bolingbrook, Ill. — Ulta Beauty Inc. has reported that its comparable sales decreased 8.9 percent compared with an increase of 3.2 percent in the third quarter of fiscal 2019. Net sales decreased 7.8 percent to $1.6 billion, compared with $1.7 billion in third-quarter 2019. The Bolingbrook-based beauty retailer says the drop is due to the impact of COVID-19. This quarter, Ulta opened 17 new stores, compared with 31 new stores in third-quarter 2019. Net income was $74.8 million compared with $129.7 million for the same period last year. “We know …
Plano, Texas — At Home Group Inc. reported a 47.5 percent increase in net sales for its third fiscal quarter that ended Oct. 24 relative to its fiscal third quarter in 2019. At Home has now achieved 21.5 percent growth in net sales on a year-to-date basis. The Plano-based home improvement retailer also reported $47.1 million in net income for its third quarter, a substantial increase from the $14.6 million net loss posted in the third quarter of 2019. The company currently operates 219 stores in 40 states. In a …