Wayfair expands lease for planned Boston headquarters expansion
Boston — Online retailer Wayfair has added 170,000 sq. ft. to its lease with Simon Property Group at The Offices at Copley Place in Boston’s Back Bay neighborhood. In anticipation of a June 2014 relocation, the additional space brings Wayfair’s new office space to a total footprint of 275,000 sq. ft.
Currently based at 177 Huntington Avenue, Wayfair announced a 105,000-sq.-ft. lease with Simon Property Group and plans for a June 2014 move last spring. However, following a year of rapid growth and expansion, Wayfair now requires additional square footage to accommodate its Boston-based employees in a headquarters relocation to take place later this year. The new space is roughly three times the size of the company’s current headquarters and provides further expansion options to accommodate continued growth.
"With more than 1,600 employees, Wayfair is quickly becoming one of the largest employers in Boston," noted Niraj Shah, CEO and co-founder of Wayfair. "We are proud of our Boston roots and believe our location in the Back Bay is optimal for attracting and retaining top talent. We are excited to expand our footprint in the city of Boston and look forward to our move later this year."
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Report: Gap plans China expansion
San Francisco – Gap Inc. reportedly plans a substantial increase in its Gap and Old Navy store count in China during the next several years. Reuters reports that Gap plans to add 30 stores to its existing 81 Chinese locations.
In addition, Gap, which opened the first Chinese Old Navy store in Shanghai on Saturday, March 1, and intends to open five more Old Navy stores by the end of 2014. The retailer also plans to expand its online presence in China and invest in brand awareness among Chinese consumers.
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Dunkin’ Donuts seeks Alabama franchise growth
Canton, Mass. – Dunkin’ Donuts is recruiting franchisees in Dothan, Ala. Currently, there are 18 Dunkin’ Donuts restaurants located throughout Alabama. To help fuel growth in Dothan, special development incentives are available, which include reduced royalty fees for three years and up to $10,000 in local store marketing.
Dunkin’ Donuts continues to strategically expand in contiguous markets around the country with a long-term goal of having more than 15,000 Dunkin’ Donuts restaurants in the U.S. The company offers flexible concepts for any real estate format including free-standing restaurants, end caps, in-line sites, gas and convenience, travel plazas, universities, as well as other retail environments.
Dunkin’ Donuts’ new look includes four distinct restaurant design options for franchisees, each featuring variations in layout, color schemes, graphics, textures, furniture and/or lighting. Franchisees are allowed to select individual elements from any of the four options.
No wonder Dunkin Donuts is on the move. Their business is successful and a new franchise is expected to arise.