Industry News

4Licensing Corporation Files for Chapter 11 Bankruptcy
SONIC team recognized as the best in the nation at SONIC's annual Convention. OKLAHOMA CITY---- The SONIC ® Drive-In crew of the SONIC Drive-In on Highway 231 in Hazel Green took home the gold medal at this year's annual DR PEPPER SONIC GAMES, a nine-month competition and training program recognizing the best SONIC Drive-In crews across the country. The Hazel Green team competed against eleven other finalist teams at the national finals during the recent 2016 SONIC..."/>
SONIC Crew in Alabama Wins National Training Competition
Dollar General, second overall, led a trio of dollar stores in CoStar's top 10, based on retailers' announced U.S. store..."/>
Bargain chains lead list of fastest-growing retailers [Chicago Tribune]
Lennar Corp., the No. 2 U.S. homebuilder, agreed to buy luxury homebuilding WCI Communities in a deal that would expand Miami-based Lennar's reach and operations in the state. Lennar will spend $643 million to acquire Bonita Springs-based WCI, a transaction that combines two of the largest home construction companies in Florida. The boards of both publicly traded companies have approved the deal, which must still get the nod from WCI shareholders."/>
Florida homebuilders unite: Lennar to buy WCI for $643 million [The Miami Herald]
Hyatt Hotels Corporation today announced that a Hyatt affiliate has sold Hyatt Regency Birmingham for approximately £38.6 million to an affiliate of Bin Otaiba Investment Group. The purchaser will also spend approximately £2.7 million in additional capital expenditures to further improve the property over the next three years. As part of the sale, a Hyatt affiliate has entered into a management agreement with the purchaser and the hotel will retain its Hyatt..."/>
Hyatt Announces Sale of Hyatt Regency Birmingham in the United Kingdom
McDonald's is going all-in with all-day breakfast. Last October, the fast-food chain rolled out a limited, all-day morning grub menu after normal breakfast hours. In Southern California, restaurants served only McMuffins, a breakfast burrito, hash browns and hotcakes."/>
McDonald's expanded all-day breakfast menu begins quietly at some SoCal restaurants [The Orange County Register]
Planet Fitness, Inc. today announced that certain of its existing stockholders intend to offer for sale 8 million shares of its Class A common stock pursuant to a registration statement on Form S-3 filed with the Securities and Exchange Commission. The Selling Stockholders will receive all of the net proceeds from this offering. No shares are being sold by the Company."/>
Planet Fitness, Inc. Announces Secondary Offering of Class A Common Stock by Selling Stockholders
Ruby Tuesday, Inc. today announced that it has entered into an agreement with Altar’ d State to sell its Church Street property for $2.8 million. The 40,000 square foot building is located at 150 W. Church Avenue in Maryville, TN. The completion of the transaction is targeted for October 2016, subject to customary closing conditions."/>
Ruby Tuesday, Inc. Announces Sale of Church Street Building and Consolidation of Maryville Restaurant Support Center
Jack in the Box Inc. today announced completion of an amendment to its existing senior credit facility. Under the terms of the amendment, the credit facility was increased to $1.6 billion, which consists of a $700 million term loan and $900 million revolving credit facility. Following the amendment on September 16, 2016, $700 million was outstanding on the term loan and approximately $307.5 million was drawn or used for letters of credit under the revolving credit..."/>
Jack in the Box Inc. Amends Credit Agreement and Announces Additional $300 Million Share Repurchase Program
Popeyes Louisiana Kitchen, Inc., the franchisor and operator of Popeyes ® restaurants, today reported that it will hold its 2016 Analyst Day at its headquarters in Atlanta on October 5, 2016. The event is scheduled to start at 10:00 a.m. and will conclude at approximately 4:00 p.m.. A listen-only webcast of the event will be broadcast simultaneously on the Investor Relations portion of the Company's website for all interested parties."/>
Popeyes Louisiana Kitchen, Inc. Announces 2016 Analyst Day and Webcast
Marriott International has announced its partnership with the Smithsonian National Museum of African American History and Culture, and its role as the grand opening hospitality sponsor. To kick off the weekend, Friday, September 23, 2016, Marriott International is hosting EncouragHERS, a luncheon recognizing women of character, courage and commitment, hosted by Common, with a performance by Grammy-nominated singer-songwriter..."/>
Marriott International, In Partnership With The Smithsonian National Museum Of African American History And Culture Celebrates The Women Who've Paved The Way At The EncouragHERS Luncheon Featuring Common, Jazmine Sullivan And Special Guests
DICK'S Sporting Goods, the largest U.S.-based, full-line omni-channel sporting goods retailer, will be opening a new DICK'S Sporting Goods and Field& Stream store on Friday, October 7 at Northgate Marketplace in Medford, Oregon. The new location features a DICK'S Sporting Goods and a Field& Stream housed under the same roof. This unique shopping destination will offer the convenience of being able to purchase all sporting goods and outdoor..."/>
DICK'S Sporting Goods Announces Grand Opening Celebration in Medford, OR
Harte Hanks, a leader in customer relationships, experiences and interaction- led marketing today announced the appointment of Scott Elser as the head of Harte Hanks' global agency practice. Elser will report to Shirish Lal, chief operating officer of Harte Hanks, and will be responsible for Harte Hanks' agency services, creative, execution and overall profitability. "Scott brings two decades of high-achieving agency leadership experience to Harte Hanks," said..."/>
Scott Elser Joins Harte Hanks
FedEx says it will hire 2,500 workers in the Memphis area to help with the holiday season package push. The Memphis-area hires will be among more than 50,000 seasonal employees added companywide to deal with what's predicted to be another record volume peak. Information is available at careers.fedex.com."/>
BRIEF: More than 12,000 holiday jobs available at local distribution companies [The Commercial Appeal, Memphis, Tenn.]
Macy's retail space at Jamestown Mall for $1 and plans to have a blighting study conducted for the shuttered shopping center that could lead to condemnation. Jamestown Mall, a once vibrant shopping center in unincorporated north St. Louis County, closed in mid-2014 following a long decline in foot traffic and occupancy."/>
County buys Macy's building, seeks blighting study for Jamestown Mall [St. Louis Post-Dispatch]

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