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CBRE's net lease property group newport | oct 10, 2021
Retail Roundup
CBRE
CVS HEALTH IS ABOUT TO TURN HUNDREDS OF ITS DRUGSTORES INTO HEALTH CARE SUPER-CLINICS

The CEO who’s pledging to reshape the way health care is delivered in America is unveiling her biggest Big Idea yet. On Feb. 1, Karen Lynch became the chief at CVS Health, the fourth-biggest company in the country—and the largest in health care, America’s biggest and in many ways most backward industry. She started fast with a daring gambit: putting CVS at the heart of the pandemic response, as a hub for COVID tests and vaccines. 

    
WHY SLIM CHICKENS HAS INKED 400+ UNITS SINCE MARCH 2020

There was a time, not so long ago, when Slim Chickens didn’t even have the need for somebody working franchise development full time. The fast casual, better-chicken brand broke into the franchising sector in 2013, and only signed a handful of franchising deals the next couple of years. Now, the Slim Chickens brand is red hot, having inked well over 450 new unit agreements since March 2020. 

    
BATTERIES PLUS TAKES CHARGE IN Q3, SIGNS AGREEMENTS FOR 20 NEW STORES

The nation's largest and fastest-growing battery, light bulb, key fob and repair franchise, Batteries Plus, announced today significant third quarter growth with the signing of 20 new store agreements, bringing the brand's total signings for the year to 66. Included in the 20 new store agreements was a 10-unit signing which will expand the brand in Nevada and Utah, and a three-unit signing in Philadelphia, PA.

    
BLACK BEAR DINER ANNOUNCES GRAND OPENING OF TEXAS DINER, WITH ENHANCED LAYOUT TO BETTER ACCOMODATE OFF-PREMISE SALES

Black Bear Diner, the one-of-a-kind, bear-themed dining concept offering a family-friendly atmosphere and classic, home-style comfort food, today opened the doors to its 144th diner, located in Brownsville, Texas. The new location is the first from the family dining concept that features a modified kitchen and front-of-the-house design elements dedicated to pickup and delivery services. 

    
RALEY'S TO BUY BASHAS' FAMILY OF STORES

California grocer Raley’s plans to acquire Arizona grocer Bashas’, creating a supermarket company with more than 200 stores in four Western states stretching from Northern California to New Mexico. Financial terms of the agreement, announced late Friday, weren’t disclosed. Edward “Trey” Basha, president and CEO of Bashas’, and Keith Knopf, president and CEO of Raley’s Holding Co., informed Bashas’ employees of the merger in a joint video presentation on Oct. 1.

    
CLUB PILATES SECURES ONE OF ITS LARGEST MULTI-UNIT FRANCHISEE AGREEMENTS IN COMPANY HISTORY

Club Pilates, the nation’s largest boutique Pilates brand, announced today it has signed a large multi-unit, multi-regional franchise agreement with entrepreneur and existing franchise owner, David Schuck, which will expand the Pilates brand’s presence further in Houston, Dallas, and Central Florida. Through this agreement, Schuck has acquired 13 open Club Pilates studios, along with licenses to open 16 additional studios.

    
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