REAL ESTATE

Krispy Kreme refranchises Dallas

BY Staff Writer

Winston-Salem, N.C. – Krispy Kreme Doughnut Corporation has entered into a letter of intent with an affiliate of Sun Holdings, LLC for the sale of three company-owned shops in Dallas, and for Sun Holdings’ further development of the Dallas market. The sale of the stores is subject to conditions, including the execution of a definitive asset purchase agreement and a development agreement pursuant to which Sun Holdings would undertake the further development of new Krispy Kreme shops in Dallas.

“Execution of the letter of intent with Sun Holdings represents another step forward in our plans to accelerate the pace of domestic franchise expansion,” said Cindy Bay, senior VP of US stores for Krispy Kreme. “We look forward to announcing the execution of definitive agreements for the Dallas market.”

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REAL ESTATE

Shopko plans five new Shopko Hometown stores

BY Dan Berthiaume

Green Bay, Wis. – Shopko intends to open five stores under its Shopko Hometown banner in Afton, Wyo., St. Peter, Minn., and Winneconne, Ellsworth and Tomahawk, Wis., in late fall of this year.

The Shopko Hometown format is designed to serve smaller rural communities with the same product assortments available in larger areas and Shopko currently operates more than 180 stores in this format.

"We’re excited to bring Shopko Hometown to these great communities," said interim CEO and COO Mike Bettiga. "We understand that consumers in smaller towns are looking for the same variety of high quality goods and trend-right merchandise."

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Target’s first round of stores in Canada receives LEED certification

BY Marianne Wilson

MISSISSAUGA, Ont. — Target announced that its first 24 store locations in Ontario (Canada) have been awarded LEED (Leadership in Energy & Environmental Design) certification. As previously announced, the discounter is seeking LEED certification for all 124 stores scheduled to open in Canada this year.

Target is obtaining LEED certification through the U.S. Green Building Council’s LEED Volume Program, which streamlines the certification process for multiple buildings of a similar type in both Canada and the U.S. In order to obtain certification, Target stores will undergo various rounds of audits throughout 2013, which must meet stringent criteria across five LEED categories including: sustainable site development, water savings, energy efficiency, materials selection and indoor environmental quality.

“As part of Target’s long-term commitment to invest in the health and environmental sustainability of our communities, we’re proud to announce our first Canadian stores are LEED certified,” said Tony Fisher, president, Target Canada. “More than $10 million is being invested into each new location to ensure our stores deliver the Target brand shopping experience, and this includes a commitment to sustainability and design plans that conserve energy, water and waste.”

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