This week in POS and retail: news round-up
Store openings have featured again prominently this week, and we've noted two from retailers with their headquarters here in Texas.
Whole Foods Stores
From its Austin HQ, the grocery retailer has announced that it has 69 new stores in development, which was reported in Chain Store Age.
The article says that the expansion strategy will continue to focus on smaller footprints and building in economical neighborhoods.
This announcement coincided with first quarter profit figures showing a rise of 33% to $118.3 million, in part thanks to increased customer visits.
The Container Store
Similarly, the innovative retailer of storage and container products said from its Dallas HQ that it plans to bring their store count up to 59 by the end of 2012 with the addition of 6 new locations. It will be the largest real estate growth year in the company's history.
We read this news first on Retail Facility Business.
Chipotle
Finally away from our base in Denver, the popular food chain has announced a big expansion, as they expect to open up to 165 new locations this year. Chain Store Age shared this news.
Trading since 1993, Chipotle have a total store number in excess of 1000 now in the 'fast casual' sector of the restaurant industry. From the outset, they wished to provide customers with food quality that is similar to full-service restaurants, coupled with the speed and convenience of fast food service.