REAL ESTATE

Major Western restaurant player to open five Utah PizzaRev locations

BY Katherine Boccaccio

Salt Lake City — PizzaRev franchisee group Away We Dough, Inc. is opening Utah’s first PizzaRev – a build-your-own artisanal pizza concept with roots in Southern California.

The new West Valley restaurant is the first of five franchise locations planned to open in Utah in the next six months.

Away We Dough is part of William Tell, Inc. based in Salt Lake City, which owns and operates 18 Applebee’s and eight Famous Dave’s in Utah and Washington.

“The option to build your own pizza and have it ready in minutes is truly revolutionary,” said PizzaRev franchise partner, Jeff Meyer. “We’ve already received a warm welcome from the West Valley community and expect PizzaRev to flourish in the market; we have an aggressive expansion plan and will hire more than 200 full time and part time employees as we build out our five restaurants.”

PizzaRev’s interior design features exposed ceilings, concrete floors and natural tones. A custom-built, 900-degree stone hearth oven delivers Roman-style crispiness in less than three minutes.

PizzaRev is currently franchising and announced a strategic partnership with Buffalo Wild Wings in 2013. The company currently has 10 corporate restaurants and two franchise location in operation, with additional franchises under development in Minnesota, Utah, North Dakota, South Dakota, Missouri, Texas, and Orange County and San Diego in California.

Follow PizzaRev’s expansion journey via Chain Store Age’s exclusive online series “Small Retailer, Big Plans.”

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REAL ESTATE

Francesca’s to open in Town Center of Virginia Beach

BY Katherine Boccaccio

Virginia Beach, Va. — Francesca’s will open a new store at the Town Center of Virginia Beach.

According to Divaris Real Estate, the 1,830-sq.-ft. store will be located on Main Street in the first-floor retail space of the Armada Hoffler office tower block. The grand opening is slated for first quarter 2015.

This is the fifth retailer to reveal its opening in the fifth phase at the Town Center of Virginia Beach. Recent announcements of new retailers to join the mixed-use development include Anthropologie, Free People, lululemon athletica and Twist Martini.

The Town Center of Virginia Beach, owned by Armada Hoffler Properties, Inc., is leased by Divaris Real Estate and managed by Divaris Property Management Corp.

Current tenants include Brooks Brothers, Loft, Origins, Cache’, Johnston & Murphy, Sunglass Hut, Men’s Wearhouse, bevello, MOXI and Dick’s Sporting Goods. Destination Maternity and IT’SUGAR opened earlier this year. Spanning over 17 city blocks, the mixed-use Town Center features multi-level upscale retail, Class A office, luxury residential, The Sandler Center for the Performing Arts and an array of cafes, restaurants and deluxe business hotels, including the Westin Hotel, Ruth’s Chris Steak House, Yard House, McCormick & Schmick’s Seafood Restaurant, Cheesecake Factory and P.F. Chang’s China Bistro.

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News

eBay powers ahead with record volume, payments

BY CSA STAFF

eBay enabled record levels of e-commerce and transaction volume via its PayPal subsidiary during the second quarter ended June 30.

The global commerce platform and payments leader said revenue for the period increased 13% to $4.4 billion as the volume of e-commerce activity it facilitated (a metric eBay calls Enabled Commerce Volume or ECV) increased 26% to $62 billion. Net income increased 6% to $676 million, or 53 cents a share, compared to net income of $640 million, or 49 cents a share.

The company highlighted the fact that enabled commerce volume via mobile increased 68% to $12 billion and now represents 20% of total ECV. Other noteworthy disclosures eBay made about its business in the second quarter included 6.6 million new mobile customers, a 26% increase in cross border trade and the addition of four million new PayPal customers, a 15% increase, which swelled the number of registered accounts to 152 million.

“In a challenging second quarter, our commerce and payments platforms delivered strong enabled commerce volume growth of 26%,” said eBay president and CEO John Donahoe. “PayPal generated another strong quarter while eBay’s growth was hampered by its global password reset for all users. We continued our momentum in the four competitive commerce battlegrounds of mobile, local, global and data. We delivered new experiences for PayPal and eBay customers, extended PayPal and eBay into new markets, made it simple and easy for developers to integrate PayPal and offered new ways to help merchants grow.”

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