Retailers

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DevelopmentFloridaNewsOklahomaRetailersVirginia

The Spice & Tea Exchange Signs New Franchise Deals Across Oklahoma and Virginia

by Abby Cox

St. Augustine, Fla. — St. Augustine, Florida-based specialty retail brand The Spice & Tea Exchange has signed a franchise agreement to open seven new stores across Oklahoma and Virginia. The newly signed agreements include one unit in Guthrie, Oklahoma; two, three-unit development deals in Fredericksburg, Charlottesville and Roanoke, Virginia; and Lexington, plus two additional territories to be announced. These deals build upon the brand’s existing footprint in Sulphur, Oklahoma, and Richmond and Williamsburg, Virginia. Development timelines and projected opening dates for the new locations will be released in the coming …

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Walmart
ArkansasDevelopmentNewsRetailers

Walmart Plans 650 Remodels, 20 Store Openings in Next 12 Months

by Abby Cox

Bentonville, Ark. — Walmart Inc. has announced plans to invest in more than 650 scheduled remodels of Walmart Supercenter and Walmart Neighborhood Market stores this year. The Bentonville-based retail giant also plans to open roughly 20 new stores throughout the remainder of 2026 and early 2027.  Plans include the expansion of a Walmart Supercenter in Tucson, Ariz., as well as the opening of a Supercenter store in Celina, Texas. Earlier this year the retailer opened a new Walmart Supercenter in Eastvale, Calif., as well as three Supercenters and a Neighborhood …

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BBB-Logo
Investment salesNewsRetailersUtah

Bed Bath & Beyond to Acquire The Container Store for $150 Million

by Abby Cox

Murray, Utah — Beyond Inc. has agreed to acquire The Container Store for approximately $150 million, in a deal that aims to combine the two brands. The acquisition comprises The Container Store’s entire business, including its Sweden-based Elfa customizable closet systems and Chicago-based Closet Works subsidiaries. These businesses are anticipated to serve as foundational anchors of Bed Bath & Beyond’s ‘Home Services’ pillar. As part of this reimagination, these locations will be branded The Container Store / Bed Bath & Beyond. With an average footprint of approximately 21,000 square feet per …

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saks-raleigh
FinanceNew YorkNewsRetailers

Saks Global Secures $500 Million in Exit Financing, Expects to Emerge from Chapter 11 This Summer

by Abby Cox

New York City — Saks Global Enterprises has entered into a Restructuring Support Agreement with an ad hoc group of its senior secured bondholders. The company’s capital partners have committed to provide $500 million in exit financing upon the company’s emergence from Chapter 11, which is expected this summer. Saks Global is continuing engagement with its capital partners and other financial stakeholders on a ‘Plan of Reorganization’ and anticipates its filing in the coming weeks. The company is focused on achieving a double-digit adjusted EBITDA margin, establishing a foundation to unlock …

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meta-lab-manhattan
DevelopmentNew YorkNewsRetailers

Meta to Open Retail Flagship on Fifth Avenue in Manhattan

by Abby Cox

New York City — American technology conglomerate Meta Platforms Inc. will open its first New York flagship location at 697 Fifth Avenue in Manhattan. Meta signed a 10-year lease with Vornado Realty Trust to occupy the entire five-level, 15,000-square-foot townhouse building adjacent to the base of the St. Regis Hotel. The company opened its first flagship store, Meta Lab, in Los Angeles last year. Meta Lab is intended to serve as a hands-on, experiential “playground” where customers can discover, test and purchase Meta’s wearable hardware.

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IKEA
CaliforniaDevelopmentIllinoisNewsOklahomaRetailers

IKEA to Open 10 New Stores in 2026

by Abby Cox

Conshohocken, Pa. — IKEA plans to open four additional U.S. stores in 2026, building on the six locations the company previously announced. The newest stores will be located in metro Chicago; Tulsa, Oklahoma; Fort Collins, Colorado; and suburban Los Angeles. In 2025, IKEA opened 14 new retail locations, including two new small-format stores in Arcadia, California; and San Marcos, Texas. Nine “Plan & Order Points” with integrated pickup services were also launched in markets such as Charlotte, North Carolina; Roseville, Minnesota; and Ontario and Colma, California. The 2026 new store openings …

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Saks-Chicago
Company newsNew YorkNewsRetailers

Saks to Close Additional Stores as Part of Portfolio Optimization

by Abby Cox

New York City — Saks Global Enterprises is advancing its planned optimization across its real estate portfolio by announcing the closure of an additional 12 Saks Fifth Avenue stores and three Neiman Marcus locations. This builds on initial closures announced last month. While select markets will be streamlined to include either a Saks Fifth Avenue or Neiman Marcus store based on considerations for each location — including performance and customer preference — the company will continue to operate both brands in luxury destinations that represent a growth opportunity. With the announced closures, Saks Global …

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Target-Store
Company newsNewsRetailers

Target to Invest $2 Billion in 2026, Plans to Open 300 New Stores by 2035

by Abby Cox

Minneapolis — Minneapolis-based Target has unveiled a $2 billion, multi-year strategy to open new stores, refresh its store experience across the chain and invest in store payroll and training. Specifically, Target is planning to make a $1 billion operating investment to deliver a “more consistent, elevated experience for guests,” including updated floorplans, enhanced in-store displays and the expansion of brand marketing. Target also plans to increase its capital investment by more than $1 billion to support new stores and ongoing remodels, technology and its supply chain. While investing in more than …

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Neiman-Marcus-Tampa
Company newsNewsOperationsRetailers

Saks Global to Close Select Saks Fifth Avenue and Neiman Marcus Stores

by Abby Cox

New York City — Since declaring Chapter 11 bankruptcy last month, Saks Global Enterprises will close eight Saks Fifth Avenue stores, as well as one Neiman Marcus store. No changes are planned for the Bergdorf Goodman operational footprint. Saks Global is changing the Saks Fifth Avenue and Neiman Marcus store locations to focus on profitable stores with the highest growth potential. “Go-forward locations” are being determined as part of the company’s ongoing operational plan, which is based on performance and lease economics, among other things. The eight Saks Fifth Avenue locations …

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Company newsNewsRetailers

Francesca’s Files for Chapter 11 Bankruptcy, Will Close All Stores Nationwide

by Abby Cox

Houston — Houston-based women’s clothing and accessories retailer Francesca’s, has voluntarily filed for Chapter 11 bankruptcy protection in the District of New Jersey. This filing marks the second time in six years that the retailer has sought bankruptcy protection, with plans to liquidate its inventory and close all of its approximately 400 remaining stores.  Tiger Group, SB360 Capital Partners and GA Group, who are acting as advisors to Francesca’s, have commenced court-approved store closing sales across the company’s entire store fleet as part of the Chapter 11 process. Discounts will range from 25 …

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