Bob Evans Farms said it will divest its Mimi’s Café restaurant chain, selling it to LeDuff America – owner of Bruegger’s Bagels – for $50 million.
American Eagle Outfitters announced plans to open a series of vertically owned and operated-stores in Mexico, with the first location set to open on February 20, 2013, in Mexico City.
Mother Nature Network and Walmart are teaming up to launch an online destination (mnn.com/leaderboard) that profiles the biggest innovations in sustainability – and the pioneers who are creating them.
Target announced that it is expanding ongoing remodeling efforts to its stores in the Detroit area.
Starbucks Corp. is expanding its drive-thru format, the chain said in its first-quarter earnings call.
Barnes & Noble is planning to shutter approximately one-third of its stores during the next 10 years, CEO Mitchell Klipper said in an interview with the Wall Street Journal.
A report by Mid-America Real Estate Corp. found that 2012 shopping center construction in the Chicagoland area grew 10% year-over-year, after a four-year decline.
Teen and tween retailer Five Below will open 60 stores this year, including its first-ever locations in Texas.
Mexican supermarket and restaurant operator Gigante has entered into a joint venture with Petco Animal Supplies to open at least 50 stores in Mexico and other Latin American countries over seven years, Reuters reported.
Starbucks Corp. said its profit rose in its first quarter as customers spent more at its stores in the United States and Asia.