REAL ESTATE

New Red Robins for Baltimore and Pittsburgh metro areas

BY Michael Fickes

Greenwood Village, Colo. — Red Robin Gourmet Burgers has announced the opening of two new restaurants. The first will open in Canton Crossing, Md., and Inner Harbor location in downtown Baltimore in late September. The second will open in Monroeville, Pa., at The District at Monroeville Mall outside of Pittsburgh in early October.

Currently, there are 481 Red Robin locations across the U.S. and Canada, including 342 company-owned restaurants and five Red Robin’s Burger Works locations and 134 Red Robin restaurants operating under franchise agreements.

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REAL ESTATE

McAlister’s Deli franchises 30 new restaurants

BY Michael Fickes

Alpharetta, Ga. — McAlister’s Deli, a fast casual restaurant, has announced its largest franchise deal so far. The Saxton Group has signed an agreement to develop 30 new restaurants in three states over the next six years in Texas, Oklahoma, Kansas, and Missouri. The primary focus will be in the Dallas-Fort Worth and Kansas City markets.

Three locations included in the agreement have already opened in Midwest City, Okla., Dallas and Sherman, Texas.

McAlister’s has more than 320 restaurants in 23 states.

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News

DSW bounces back in Q2

BY CSA STAFF

COLUMBUS, Ohio — Following a difficult start to the year, leading branded footwear and accessories retailer DSW has rebounded with an increase in sales that resulted in solid quarterly profit results for the second quarter ended Aug. 3.

The company reported sales of $562 million for the quarter, up 9.7% from $512 million for the prior-year period. Comparable-store sales increased 4.4% for the quarter on top of the prior-year quarter’s 4.2% increase.

"In a volatile sales environment, DSW was able to post a solid 20% earnings growth for the first half of the fiscal year," stated Mike MacDonald, president and CEO. "These results underscore the compelling nature of the DSW formula that is based on the brand cornerstones of assortment, value and convenience. DSW’s continued progress on its strategic initiatives supports our long term growth trajectory. With that in mind, we raised our full year guidance earlier this month to $3.60 to $3.80 per share."

For the quarter, the company reported net income of $33.7 million, compared to the prior-year quarter’s net income of $29.3 million.

DSW operates 377 stores in 42 states, the District of Columbia and Puerto Rico, and operates an e-commerce site. DSW also supplies footwear to 351 leased locations in the United States under the Affiliated Business Group.

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