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Who's Opening & Where
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Who's Opening & Where Exhale Spa (212-249-7118) plans to open 20 units nationwide. The first two spas will be located in New York, NY. The company has signed leases for 10,000 sq.ft. and 11,000 sq.ft., respectively, for the ground floor of the Hampshire House located at 150 Central Park South between Sixth and Seventh Avenues and the second floor of 980 Madison Avenue between East 76th and East 77th Streets. Mothers Work, Inc. (215-873-2200) is planning to open 100 Motherhood Maternity and Mimi Maternity stores. Quizno’s (720-359-3300) plans to open 70 sandwich shops during the next year. The company has opened 57 locations during the last 12 months and currently operates 105 locations in the Chicago, IL area. The company also plans to open a site in Kankakee, IL within the next year.Ruddick Corp. (704-372-5404) plans to open five additional Harris Teeter stores during fiscal 2003 and 11 stores during fiscal 2004. The company opened 12 supermarkets during fiscal 2002, resulting in 143 stores at the end of September. Ross Stores, Inc. (510-505-4400) plans to have opened 55 stores by the end of the year, bringing the company’s total to 507 stores throughout 23 states. The company plans to open stores throughout LA and TN during 2003.Champps Entertainment, Inc. (303-804-1333) plans to open eight to 10 restaurants during fiscal 2003 and 10 to 12 restaurants during fiscal 2004. The company recently opened two locations, has three under construction and has executed contracts for four more restaurants. Eight additional locations are also being negotiated. The company’s new restaurants occupy spaces of 7,500 sq.ft. to 9,000 sq.ft. The restaurants require a cash investment of $1.8 million and total invested capital of approximately $2.8 million to $3.3 million per restaurant. Pre-opening expenses are expected to average $375,000 per restaurant. West Marine, Inc. (831-728-2700) plans to open 20 West Marine Express stores and 20 to 25 additional stores during 2003. The company expects to earn $577 million to $580 million in sales and earnings of $1.12 to $1.15 per share. The company currently operates 253 boating supplies and apparel stores throughout 38 states, Puerto Rico and in Canada. Barnes & Noble (212-633-3300) signed a lease for a 24,500 sq.ft. store at the Midland Mall in Midland, MI. The bookstore plans to open during Fall 2003. The store will include a cafe serving Starbucks coffee. The store plans to locate near the mall’s JCPenney wing and will occupy about eight empty stores of varying sizes. The company currently operates 606 stores in 49 states and 286 B. Dalton Bookseller stores. Ultimate Electronics (303-412-2500) plans to open 12 stores by the end of the year and eight to 10 stores during 2003. The company also plans to relocate and expand in Rochester, MN. The company also signed leases to open two stores in Austin, TX and another location in the Minneapolis/St. Paul, MN market. The company will announce additional markets planned for 2003 after the leases are signed. Publix (863-688-1188) plans to open 15 to 30 supermarkets throughout the Nashville, TN area. The company has opened two stores in the Nashville suburbs of Hermitage and Franklin and will open two more stores in Nashville and Bellevue by the end of the year. Three other stores are expected to open next year. The remaining proposed sites are expected to open during the next two to three years. Jamestown Crystal Outlet (724-547-7630) recently opened at the former Lenox Glass factory in Mount Pleasant, PA. The company plans to open a second outlet store in Lancaster, PA. The company hopes to do $1 million in sales annually.Jimmy John’s Gourmet Sandwiches (800-546-6904) plans to open up to 120 restaurants during 2003. The company currently operates 152 franchised locations and 15-company owned restaurants. Stein Mart, Inc. (904-346-1500) plans to open approximately 25 stores during fiscal 2003. Two or three of the stores will be a smaller version of the typical Stein Mart format. Food Lion, Inc. (704-633-8250) plans to open up to 60 supermarkets during next year. At the end of the year, the grocer will operate 1,230 stores throughout 11 states. Your Dollar Store With More (425-828-2612) recently opened at Ryanwood Shopping Center in Vero Beach, FL. The store is the first of 10 the company plans to open during the next 18 months. The company operates 140 stores throughout Canada and 14 throughout the U.S.Casual Male Retail Group, Inc. (781-828-9300) plans to open 40 Casual Male Big & Tall stores nationwide during the next 18 months. The company currently operates 474 stores, which average 3,500 sq.ft., throughout 44 states.Talbots, Inc. (781-749-7600) plans to open approximately 97 stores during next year. The company plans to open stores in each of its concepts, which include Talbots Misses, Talbots Petites and Talbots Woman. The company also plans to open six Talbots Mens stores. Three stores will open during the Spring and the other three during the Fall. Trader Joe’s (626-599-3700) plans to open two stores in southeast MI. The company plans to open several more locations afterwards. Crate & Barrel (847-272-2888) is planning to open five stores in the near future. The company plans to open the stores in Beverly Hills, CA; Seattle, WA; Richmond, VA; Cleveland, OH; and possibly Paramus, NJ. Plans also call for three contemporary-format CB2 stores. The company currently operates one CB2 store in Chicago, IL and is in negotiations for another Chicago location, as well as two sites in New York, NY. Hot Topic, Inc. (626-839-4681) plans to open 25 Torrid stores during next year. The stores specialize in plus-size clothing and accessories for women between the ages of 15 and 29. The company currently operates 419 Hot Topic stores and 26 Torrid stores. Hibbet Sporting Goods, Inc. (205-942-4292) plans to open 20 stores during the remainder of fiscal 2003. The company recently opened 10 stores during the third quarter, bringing the operating total to 356 stores. GameStop Corp. (817-424-2000) opened its 1,200th store at Lake Air Court in Waco, TX. The company is on pace to open 200 stores in the current fiscal year and 177 of the stores are already open. The Grapevine, TX-based company operates stores nationwide throughout 49 states and in Puerto Rico under the GameStop, Babbage’s, Software, Etc. and FuncoLand brands. Worldwide Restaurant Concepts, Inc. (818-662-9800) is opening four Pat & Oscar’s restaurants. The company plans to increase its restaurant count by 30% to 40% during the current fiscal year. The company operates 322 Sizzler restaurants, 110 KFC restaurants and 16 Pat & Oscar’s.
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