Marsh Supermarkets earmarks $60 million for new stores and remodels
New York City — Marsh Supermarket will spend $60 million to build up to 10 stores and remodel or rebuild several more over the next three years, the Indianapolis Business Journal reported.
The new stores will average 40,000 sq. ft. to 60,000 sq. ft. with a strong focus on fresh fruits and vegetables and service-oriented components, according to the report.
Marsh operates of 70 namesake stores and 27 smaller-format Mainstreet Market stores. It is privately held, a portfolio company of private equity firm Sun Capital Partners.
Dunkin’ Donuts looks to expand West
New York City — Dunkin’ Donuts is looking to expand in the western part of the country. The chain said it is actively seeking franchisees for parts of Colorado, Texas, Nebraska, Oklahoma and New Mexico, regions in which the Dunkin barely has a presence.
To entice would-be franchisees, the company will offer reduced royalty fees and extra money for local advertising.
Dunkin’s parent company, Dunkin’ Brands Group, went public in July, saying it wanted to pay down debt so it could expand outside New England to other parts of the country and abroad.
Kohl’s delays quarterly filing
New York City — Kohl’s said it has notified the U.S. Securities and Exchange Commission that it is delaying filing its second quarter filing as its deals with previously reported errors in its accounting for both store and equipment leases.
As a result of these and other less significant accounting corrections, Kohl’s expects to record additional property and financing obligations on its balance sheet. The company said it doesn’t expect the corrections to have an impact on the net increase or decrease in cash and cash equivalents reported.
Kohl’s said it expects to file the results for the second quarter, as well as its restated 2010 annual report and report for the first quarter ended April 30, by no later than Sept. 13.