Niche retailer ramps up expansion in 2018
Batteries Plus Bulbs is expanding its footprint.
The company opened 26 stores in 2017, with three corporate locations and 23 franchise-owned. It plans to open 47 stores in 2018, including 14 corporate locations and 33 franchise locations.
Batteries Plus Bulbs niche postitioning, investment in category expansion and emphasis on franchising has proved increasingly successful, with sales growth of 22.5% during the last three years. Same-store sales rose 3.7% in 2017.
The company has become the top phone repair franchise in terms of number of retail locations nationwide, serving the $3.9 billion repair industry. A significant category investment from 2016 to 2017 resulted in a 42% increase in total sales growth in phone repair. The light bulb replacement category grew 4.8%.
Also, the company’s expansion of its We Fix It repair business has helped drive additional sales growth at the store level with its network of more than 700 stores performing nearly 650 different types of phone repairs in 2017.
Batteries Plus Bulbs is owned by Freeman Spogli, a private equity firm based in Los Angeles and New York City.
Heritage Fire and Security provides national fire protection services
Michael Rose, CEO of Academy Service Group and former CEO of Academy Fire Protection, and John Dellamarco, former president of Academy Fire Protection, announce the launch of Heritage Fire and Security. The new company will provide national fire protection services, utilizing the very latest latest in technology and cost-cutting measures.
“Our company will beat the competition by providing a better service, better understanding and better education to the clients,” said Rose, who will serve as chairman of Heritage Fire and Security. “We have diversity and expertise to lower costs. It cannot be achieved by those that don’t understand the business.”
Rose added that the proper maintenance of fire protection equipment is crucial for all facilities.
“If the equipment isn’t being maintained properly, it may not work when needed,” he said.
Rose’s daughter, Brittany Rose, will serve as CEO of Heritage Fire and Security, which is based in Hackensack, New Jersey. She represents the fourth generation of the Rose family to dedicate their professional life to fire protection services. She can be reached at [email protected].
Deadline extended for design competition
The Retail Design Institute has extended its deadline for its 47th Annual International Store Design Competition.
The deadline has been extended until March 1, 2018. Design firms and in-house retail design teams from around the globe are invited to submit projects for the competition, which celebrates exceptional retail experiences across more than 20 categories from full-line department stores to restaurants and pop-up shops.
Eligible projects are those completed between January 1 and December 31, 2017. Eligible contestants are design firms and retailer design teams. Submitting companies do not need to be a member of the Retail Design Institute to enter, however, general contractors, fixture manufacturers, retail center owners and owner representatives may not enter retail projects. Members receive reduced entry fees.
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