California Centers

MAY 2018

California Centers Magazine serves retailers, developers, shopping center owners, investment sales brokers and tenant representation firms throughout the state of California.

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Page 51 of 58

CORPORATE ACTIONS May 2018 | California Centers Magazine 43 the addition of 25 new gym locations in the U.S. Among targeted market regions are Tampa, Orlando, Minneapolis, Atlanta, the New York metro area and San Jose, California. Nekter Juice Bar celebrated the milestone opening of its 100 th restaurant in Anaheim Hills, California in mid- February. Dunkin' Brands Group Inc. plans on positioning its core Dunkin' Donuts U.S. brand to compete more effectively in the coffee and beverage segment, with efforts aimed at driving profitable sales growth and further expansion westward. The company disclosed it intends to add 1,000 net new locations in the U.S. by the end of 2020, with more than ninety percent built outside the Northeast. Long term plans call for having more than 18,000 restaurants opened in the U.S. The company has also planned menu innovations and initiatives to improve customer convenience and accessibility. Crackin' Kitchen has opened in Pasadena, California, featuring a Hawaiian spin on Cajun-style seafood cooked in a bag with various sauces. The concept is part of Toridoll Holdings Corp., based in Japan. The original Crackin' Kitchen was opened in Waikiki, Hawaii, in 2015, and is part of a growing portfolio of brands Toridoll plans to expand throughout the U.S. U.S. subsidiary Toridoll Dining California LLC is based in Irvine, California (having been founded in 2006 as Dream Dining California LLC). Crackin' Kitchen's menu was developed by famed sous chef Takeshi Omae, who was featured on "Iron Chef America" and operated a restaurant in Las Vegas called Japanese Cuisine by Omae. At Crackin' Kitchen, customers order seafood by the pound, with a choice of sauces. The bags are brought to the table, opened and spread out on wax tablecloths, where diners then dig in with crackers, gloves and bibs. Women's apparel and lifestyle retailer Soft Surroundings announced a plan to open 16 new locations in 2018, including its first in California. The push begins in April with the opening of a location in New Jersey, Florida, Baltimore and Pennsylvania. 2018 will mark the company's fourth consecutive year of double-digit store openings, and is anticipated to bring the total store count to 75. In California, stores will be opened in Santa Rosa, Mission Viejo, Rancho Cucamonga and Walnut Creek. The locations will feature merchandise from the catalogs and website, as well as store-exclusive items. Blaze Fast Fired Pizza has projected opening 87 new restaurants in 2018, marking the highest growth year in the brand's history. Jersey Mike's franchise plans to open 200 new restaurants nationwide in 2018, on path toward a goal of having 2,000+ stores opened nationwide by 2020. Burgerim, which entered the Sacramento, California, region in 2017, now has five more franchise sites in development, in Folsom, Rancho Cordova, North Natomas Town Center, Valley Hi/North Laguna, and in the Promenade in the Pocket neighborhood. Abercrombie & Fitch will close 60 stores later in 2018, with many of its leases coming up for renewal in coming months. Domino's Pizza is celebrating the opening of its 15,000 th store in Texas as of March. Great Clips Inc. has projected 7 percent growth in 2018, with a track record of adding approximately 200-plus new salons annually. Toys "R" Us has commenced an orderly "winding down" of its U.S. and U.K. business, following its recent Bankruptcy Court filings. The company has begun liquidation of inventory in all 900 of its remaining stores throughout both countries. Stated Chairman and CEO, David Brandon, "I am very disappointed with the result, but we no longer have the financial support to continue the company's U.S. operations. In related news, the Canadian Toys R Us operations may be taken over by new owners as court documents filed in the U.S. reference an expedited court process involving that may keep the 82 stores in the region viable. It would also salvage up to 200 of the top-performing U.S. stores. Foot Locker will close approximately 110 stores in 2018 as part of its $230 million capital program for 2018. The plan also calls for opening about 40 new stores in an effort to prune out the underperforming units and open select, high-profile locations. Corporate sources have noted that it is not unusual for the chain to close that many stores in a year's time, as it has been doing so for the past decade (ie., its nothing to be overly concerned about). In December, the retailer opened a new West Coast flagship in L.A. Vitality Bowls has signed agreements to open multiple locations in Marin County as well as entering the Ohio market. L.L. Bean has shifted from a catalog merchant to mainstream retailing, having opened 35 brick and mortar stores in recent years. In 2017 it opened six new locations in the U.S. and projects opening another five in 2018. Ono Hawaiian BBQ recently celebrated the opening of the concept's 70 th location, which took place in Arizona in March. Taiwanese concept 85 Degrees C Bakery Café marked the official opening of its 48 th location with a new store opened in March in Orange, California. First coming to the U.S. via a center in Irvine in 2008, the chain has expanded rapidly throughout California, Texas and Washington state. Ten new stores have been opened in Southern California in the past year, bringing the region's total to 29. Owned by Gourmet Master Co. in Taiwan, the company boasts having 1,000-plus units worldwide.

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