REAL ESTATE

Edible Arrangements looks to expand in Pacific Northwest

BY Marianne Wilson

Wallingford, Conn. — Edible Arrangements has set its sights on the Pacific Northwest for an aggressive expansion campaign designed to open as many as 30 new locations in the near future.

Edible Arrangements already has 10 locations in Oregon and Washington and sees significant opportunity for growth, which will be accomplished through franchising. Most of the growth will be focused in the Seattle, Tacoma and Portland areas and the company is currently seeking franchisees with the resources to open multiple locations.

The company currently has more than 1,100 locations in the United States and 14 countries worldwide.

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REAL ESTATE

Nordstrom expands push into Canada with second Toronto store

BY Katherine Boccaccio

Seattle — Nordstrom said Monday it will open a new namesake department store in Toronto in fall 2016, making its foray into the country a two-store debut.

The three-story, 188,000-sq.-ft. store planned for Toronto’s Yorkdale Shopping Centre will join a previously announced, smaller store in the city’s Sherway Gardens mall.

Nordstrom said late last year that it would open four full-sized Nordstrom stores in Canada – in Calgary, Ottawa, Vancouver and Toronto – starting in the fall of 2014. It said it would open more full-line stores and lower-priced Rack shops later.

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7-Eleven acquires 46-store portfolio in South Carolina

BY Katherine Boccaccio

Dallas — 7-Eleven announced Monday it has closed on the acquisition of 46 Hickory Point and Palms Stores from CB Mart.

While the terms of this particular deal haven’t been made public, the acquisition boosts 7-Eleven’s Carolinas store count to more than 100 and puts the c-store operator solidly on track to continue its accelerated growth plan. 7-Eleven earlier acquired 55 Sam’s Mart and 13 Fast Track stores in the two-state area.

"7-Eleven is committed to building its presence in the Carolinas and bringing our proprietary products to the acquired Hickory Point and Palms locations as the stores are converted to the 7-Eleven brand," said Stan Reynolds, 7-Eleven EVP and CFO.

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