retail news in context, analysis with attitude

• The Charleston Daily Mail reports that discount chain Aldi, which currently has more than 1,300 stores in 32 states, "hopes to open between 600 to 650 new stores nationwide in the next five years," at a rate of about 120 new units a year.


Entrepreneur reports that Jamba Juice "announced new incentives to boost franchising, with the goal of adding 500 new stores in the U.S. in the next five years. Jamba Juice hopes to draw in new franchisees and encourage current franchisees to open more shops with a 50 percent reduction in initial franchise fees and a three-year graduated royalty reduction plan … With the new initiatives, Jamba Juice hopes to double its annual unit growth rate. In 2013, the smoothie chain opened 52 franchise-operation locations and two company-owned stores."


Reuters reports that Tyson Foods plans to sell "its Mexican and Brazilian poultry businesses to JBS SA's Pilgrim's Pride for $575 million and use the proceeds to pay down debt from its pending $7.7 billion purchase of Hillshire Brands Co."


• Canadian c-store owner Alimentation Couche-Tard said yesterday that it plans "to acquire 55 convenience stores and related assets from privately-held Tri Star Marketing Inc. for an undisclosed amount in cash," the Wall Street Journal reports. Couche-Tard, "which operates Circle K and other convenience stores, said 51 of the stores are in Illinois and the remaining four in Indiana. The stores currently operate under the Super Pantry brand and offer Phillips 66 and Mobil branded motor fuel. It said the stores will carry the Circle K banner after the purchase closes, but that it intends to keep the existing fuel brands. It will acquire the land and buildings for 54 of the 55 locations, while leasing the single remaining location."
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