Report: 7-Eleven ramps up expansion
New York City 7-Eleven is taking advantage of the weak commercial real estate market to open some 200 stores this year, the New York Times reported.
Company officials said the two regions where growth would be strongest are California, where the company had almost 1,300 stores at the end of 2008, and the New York metropolitan area, which had 431 stores at 2008 yearend. At least 44 stores will open this year in metropolitan New York, more than twice the number that opened last year, the report said.
Looking long term, the company sees the possibility of adding 350 stores in the metropolitan area in five to seven years, according to the article.
The expansion strategy of 7-Eleven, company officials said, reflects relatively strong demand for its products. Plus, the weak real estate market has provided retailer with access to desirable retail space that it was not previously offered or that was too expensive.
Fitness studio to open in Signature Plaza
Plano, Texas Regency Centers announced that North Dallas Brazilian Jiu Jitsu has leased 3,505 sq. ft. at Signature Plaza in Plano, Texas. The fitness studio will offer mixed martial arts, yoga and fitness training as well as fitness and martial arts apparel.
North Dallas Brazilian Jiu Jitsu is slated to open for business late summer 2009.
Signature Plaza is anchored by Kroger.
Rue21, others to open at Applegate Ranch
Atwater, Calif. Rue21, Affection Clothing and Sky Nails will open at Applegate Ranch Shopping Center in Atwater, Calif., as announced by the center’s owner Regency Centers, based in Jacksonville, Fla.
Rue21 leased 7,000 sq. ft. of space, and will be joined by women’s clothing and accessories retailer Affection Clothing, which leased 2,975 sq. ft., and Sky Nails salon, which will open in 1,767 sq. ft.
Affection Clothing and rue21 are slated to open in August while Sky Nails is slated to open this fall.