REAL ESTATE

Krispy Kreme to open 25 stores in Colombia

BY Dan Berthiaume

Winston-Salem, N.C. – Krispy Kreme Doughnut Corporation has signed its first development agreement in South America with Bogota-based IRCC Ltda., a subsidiary of the VA! Group. Under the agreement, IRCC expects to develop 25 stores in major cities throughout Colombia, including Bogota, Medellin and Barranquilla, during the next five years.

"This is a very exciting and important announcement for Krispy Kreme as we enter the market in South America with IRCC, the leader and a true innovator in the Colombian food service industry," said Jeff Welch, Krispy Kreme president, international. "Colombia offers Krispy Kreme an attractive opportunity with its growing economy and long customer experience with international brands. We are confident that IRCC, with 30 years of experience delighting customers in Colombia and Latin America through their world-class brands, will be a great partner as we bring the one-of-a-kind Krispy Kreme experience to Colombia."

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Academy Sports + Outdoors to enter Memphis area

BY Staff Writer

Katy, Texas — Academy Sports + Outdoors will open its first Memphis-area store on Sept. 27, in Collierville, Tenn. In conjunction with the opening, Academy has signed a multi-year partnership with The University of Memphis and its athletics multimedia rights holder, Tiger Sports Properties.

The new 73,000-sq.-ft. Collierville store will be Academy’s eighth store in Tennessee.

Academy currently operates 166 stores throughout Alabama, Arkansas, Florida, Georgia, Kansas, Louisiana, Mississippi, Missouri, North Carolina, Oklahoma, South Carolina, Tennessee and Texas.

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REAL ESTATE

Mom’s Organic Market to debut in Pennsylvania

BY Marianne Wilson

Rockville, Md. — Mom’s Organic Market is opening its first Pennsylvania store, in Rosemont Square, Bryn Mawr, which is located outside of Philadelphia.

"If this store is successful, it will be pivotal in giving us the confidence to expand throughout the region, and possibly further into the Northeast,” said Scott Nash, the founder and CEO of Mom’s, which currently operates 10 stores in the Washington/Baltimore area. “We believe that the more Mom’s stores there are, the better off the world will be … we know of no other retail chain that is as environmentally responsible as we are. We have one purpose — to protect and restore the environment. Through our actions and leading by example, the more stores we have, the more we can accomplish our purpose."

The new store will offer a large variety of organic and unique grocery items, including bulk foods, gourmet cheeses, local and organic meats, sustainable seafood, gluten-free foods, supplements and body care products, environmentally friendly household goods, and pet products. It will also feature an all-organic sit-down eatery featuring salads, steam bowls, fresh juices, sandwiches, and specials.

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