Retail Expansion

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High Tide to Open Two New Canna Cabana Locations in Toronto and Winnipeg
Prnewswire· 2025-06-27 10:00
Core Insights - High Tide Inc. is expanding its Canna Cabana retail cannabis stores, with new locations opening in Winnipeg and Toronto, increasing its total store count to 202 across Canada [1][4]. Group 1: Store Openings - The Canna Cabana store in Winnipeg will start selling recreational cannabis products on June 27, 2025, while the Toronto location will open on July 1, 2025 [1]. - The Winnipeg store is strategically located in a grocery-anchored plaza with a local population of approximately 10,000 within a 1-kilometer radius, providing access to a new customer base [2]. - The Toronto store is situated in The Well, a mixed-use shopping mall that attracts significant foot traffic, enhancing visibility and accessibility for customers [3]. Group 2: Market Performance - High Tide's stores in Manitoba and Ontario have shown strong performance, with annualized revenue run rates significantly above the national average [4]. - The company emphasizes its differentiated discount club model and loyalty ecosystem as key drivers of its success in these markets [4]. Group 3: Company Overview - High Tide is recognized as the second-largest cannabis retailer globally by store count, with a fully integrated operation across all components of cannabis [5]. - The company operates a suite of leading accessory e-commerce platforms and has a diverse brand roster, including Queen of Bud™ and Cabana Cannabis Co™ [6][7]. - High Tide has been acknowledged as one of Canada's Top Growing Companies for four consecutive years and ranked number one in the retail category on the Financial Times list of Americas' Fastest Growing Companies for 2023 [9].
Tokyo Lifestyle Co., Ltd. to Open a New Directly-Operated Store in Hong Kong
Globenewswire· 2025-06-24 12:00
Tokyo, Japan, June 24, 2025 (GLOBE NEWSWIRE) -- Tokyo Lifestyle Co., Ltd. (“Tokyo Lifestyle” or the “Company”) (Nasdaq: TKLF), a retailer and wholesaler of Japanese beauty and health products, sundry products, luxury products, electronic products, collectible cards, trending products as well as other products in Hong Kong, Japan, North America, Thailand and the United Kingdom, today announced that it plans to open a new directly-operated physical store under its flagship brand “Tokyo Lifestyle” (the “Store” ...
Academy Sports + Outdoors Continues to Expand Footprint in Q2 with Three New Locations
Prnewswire· 2025-06-03 13:06
Retailer aims to provide fun for all, sustains plan to open 20-25 new stores in fiscal 2025KATY, Texas, June 3, 2025 /PRNewswire/ -- Academy Sports + Outdoors ("Academy" or the "Company") (Nasdaq: ASO), a leading full-line sporting goods and outdoor recreation retailer, is excited to announce it has opened two new locations in Fort Walton Beach, Fla. and Midlothian, Va.; and will open another new store in Morgantown, W.Va. later this month. The openings come on the heels of the retailer surpassing 300 total ...
Rocky Mountain Chocolate Factory Launches First Fully Redesigned Store in Charleston, South Carolina
Globenewswire· 2025-05-29 14:00
Core Insights - Rocky Mountain Chocolate Factory Inc. is launching its first fully redesigned store in Charleston, South Carolina, on June 3, 2025, marking its entry into the state and initiating a nationwide brand transformation [1][5] Company Expansion - The new store is operated by experienced franchisees Ross and Mackenzie Theesen, along with local operator Mike Hill, highlighting their commitment to the brand and its future [2] - This opening is part of a broader strategy to refresh nearly 150 locations across the U.S. and nearly 100 co-branded stores with Cold Stone Creamery [4] Brand Transformation - The Charleston store features a reimagined design, updated logo, fresh packaging, and a new color palette, reflecting the company's vision for the future [3] - The transformation also includes a relaunch of RMCF's E-Commerce channels with a redesigned website and cohesive brand messaging [4] Market Strategy - Charleston was chosen for its cultural heritage and tourism, aligning with the company's growth strategy targeting major metropolitan areas [5] - The long-term goal is to exceed $100 million in annual retail sales [5] Store Operations - The Charleston location will operate daily from 10:00 AM to 10:00 PM, offering a full assortment of handcrafted chocolates and confections [6] Company Background - Rocky Mountain Chocolate Factory has been producing premium chocolates since 1981 and operates nearly 260 stores across the U.S. and internationally [7]
Mark Zuckerberg planning several Meta retail locations after opening California store as ‘discover' space similar to Apple: report
New York Post· 2025-05-28 19:17
Core Viewpoint - Meta is planning to expand its retail presence by opening physical storefronts and hiring retail employees to enhance sales of its devices, which currently includes only one store on its California campus [1][4]. Group 1: Retail Expansion Plans - The company is leading a project to increase its retail footprint, although details on the number of new stores and their opening timeline remain undisclosed [2]. - Meta Store, the only retail location, was opened in Burlingame, California in 2022, designed for customers to interact with Meta products through demos similar to Apple's retail strategy [2][3]. Group 2: Product Offerings - At the Meta Store, customers can try out various products including Meta Portal, Ray-Ban Stories (smart glasses), and Meta Quest (virtual reality headset) [3]. - A pop-up store named Meta Lab was also opened in Los Angeles, allowing customers to test smart glasses before purchasing, although it is currently closed [3]. Group 3: Sales Performance and Strategy - Meta sold over 1 million pairs of smart glasses last year, which was viewed as a positive start, but not sufficient to significantly impact the business [5]. - The company's chief technology officer emphasized a mission to enhance sales, retention, and engagement, with plans to introduce more AI-powered wearable devices this year [5].
Verano to Celebrate Grand Opening of Zen Leaf Enfield, Company’s Seventh Connecticut Dispensary, Throughout Memorial Day Weekend
Globenewswire· 2025-05-21 10:00
Core Viewpoint - Verano Holdings Corp. is expanding its retail presence in Connecticut with the opening of Zen Leaf Enfield, increasing its total dispensary count to 157 nationwide, and actively engaging in community development projects [1][2][5]. Group 1: Company Expansion - Zen Leaf Enfield will officially open on May 23, 2025, marking the seventh retail location for Verano in Connecticut [1]. - The company now operates 157 dispensaries across the United States and has 15 cultivation and processing facilities with over 1.1 million square feet of cultivation capacity [5][9]. Group 2: Community Engagement - Verano is supporting the Thompsonville Fire Department by providing funds for a year's supply of Narcan to aid in combating the opioid crisis [3][5]. - The company is also involved in local charitable initiatives, including a food donation drive for Enfield Loaves and Fishes and Enfield Food Shelf [3][5]. Group 3: Grand Opening Activities - The Grand Opening celebration will feature various activities, including a ceremonial ribbon cutting with community leaders and local partners [6][7]. - Special promotions will be available during the opening weekend, including discounts on cannabis products and complimentary food from local vendors [6][8]. Group 4: Local Economic Development - Zen Leaf Enfield is strategically located near the Enfield Square Mall, which is undergoing a $250 million redevelopment into the Enfield Marketplace, aimed at boosting local economic growth [2][5]. - The company aims to contribute to the long-term success of the Enfield community by investing in local job opportunities [2].
High Tide Opens Two New Canna Cabana Locations in Ontario and Alberta
Prnewswire· 2025-05-20 10:00
Core Viewpoint - High Tide Inc. is expanding its retail cannabis footprint in Canada with new store openings in Brantford, Ontario, and Calgary, Alberta, bringing its total to 199 Canna Cabana locations across the country [1][6]. Group 1: Store Openings - The Canna Cabana store in Brantford will start selling recreational cannabis products on May 20, 2025, while the Calgary location will open on May 23, 2025 [1]. - The Brantford location is situated in a shopping plaza serving over 110,000 people, with limited competition in the area, making it a strategic entry point for the company [2]. - The Calgary store is located in a rapidly growing area with no competitors within a 4-kilometer radius, surrounded by residential neighborhoods and a shopping plaza [3]. Group 2: Strategic Expansion - The company is focused on reinvesting profits to expand its physical presence in markets with strong long-term potential, as demonstrated by the new store openings [4]. - High Tide aims to accelerate its store rollout, nearing the milestone of 200 Canna Cabana locations, with more locations under construction expected to be announced throughout the year [5]. Group 3: Company Overview - High Tide is recognized as the second-largest cannabis retailer globally by store count, with a diversified and fully integrated operation across all components of cannabis [6]. - Canna Cabana is the largest cannabis retail chain in Canada, with 199 locations across various provinces, and was the first cannabis discount club retailer in the world [6]. - The company has been acknowledged as one of Canada's Top Growing Companies for four consecutive years and ranked number one in the retail category on the Financial Times list of Americas' Fastest Growing Companies for 2023 [10].
Sow Good Inc.(SOWG) - 2025 Q1 - Earnings Call Transcript
2025-05-14 15:02
Sow Good (SOWG) Q1 2025 Earnings Call May 14, 2025 10:00 AM ET Company Participants Cody Slach - Senior Managing DirectorClaudia Goldfarb - Co-Founder, CEO & DirectorBrendon Fischer - Interim Chief Financial OfficerIgor Novgorodtsev - Principal Conference Call Participants George Kelly - Managing Director, Senior Research Analyst Operator Good morning, everyone, and thank you for participating in today's conference call to discuss Good financial results for first quarter ended 03/31/2025. Joining us today a ...
Sow Good Inc.(SOWG) - 2025 Q1 - Earnings Call Transcript
2025-05-14 15:00
Financial Data and Key Metrics Changes - Revenue for Q1 2025 was $2.5 million, a significant decrease from $11.4 million in Q1 2024, primarily due to softening demand and increased competitive pressure [7] - Gross profit in Q1 2025 was $1.1 million compared to $4.6 million in the same period last year, with a gross margin improvement to 45% from 41% due to lower cost of goods sold [8][10] - Net loss for Q1 2025 was $2.6 million, or a loss of $0.23 per diluted share, compared to net income of $511,000, or $0.06 per diluted share, in Q1 2024 [10] - Adjusted EBITDA for Q1 2025 was negative $800,000, down from $2.5 million in Q1 2024 [10] - Cash and cash equivalents decreased to $1.6 million from $3.7 million as of December 31, 2024 [10] Business Line Data and Key Metrics Changes - The company reported a 79% increase in revenue from Q4 2024, indicating a recovery trend despite the overall decline year-over-year [5] - The freeze-dried candy line has seen renewed consumer enthusiasm, although competitive pressure from larger CPG companies remains a challenge [6] Market Data and Key Metrics Changes - The company is experiencing a slow increase in sell-through data, with units per door rising from 12-13 to 16 over recent weeks [27] - Retail partners like Five Below and Ace Hardware are showing positive initial demand and reorders, indicating a return to normal reorder cadences [29][31] Company Strategy and Development Direction - The company is focusing on cost savings, cash conservation, and expanding candy distribution while exploring new category opportunities [12] - Strategic actions include reducing overhead costs, enhancing operational efficiency through automation, and postponing certain production activations to align with demand [13][14] - The company plans to enter new categories such as beef jerky and freeze-dried yogurt snacks, emphasizing clean label ingredients [21][22] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the recovery trajectory, expecting modest improvement in Q2 over Q1 as new partnerships take hold [23] - The company acknowledges ongoing challenges but believes it is positioning itself to emerge stronger through innovation and category expansion [24] Other Important Information - The company has entered into exchange agreements with noteholders to extend maturities by five years, reflecting confidence in its recovery plan [11][14] - Initial orders from the Middle East market exceeded expectations, presenting a significant growth opportunity [20] Q&A Session Summary Question: What is the trend in weekly or monthly velocities and retail inventory position? - Management noted a slow increase in sell-through data, with units per door rising to 16, and excess inventory at Five Below is being worked through successfully [27][29] Question: How does the company view its inventory quality and expectations for the next quarters? - Management indicated that most heat-affected inventory has been identified and removed, and they have a two-year shelf life on most products, allowing time to work through remaining inventory [37][38] Question: What are the competitive dynamics with larger CPG companies? - Management observed that smaller competitors have exited the space, and while larger CPGs have entered, they are not performing as expected, with significant declines in their sell-through rates [41][43]
High Tide Opens New Canna Cabana Store in Cornwall, Ontario
Prnewswire· 2025-05-09 10:00
CALGARY, AB, May 9, 2025 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (NASDAQ: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announced today that its Canna Cabana retail cannabis store located at 525 Ninth Street in Cornwall, Ontario, will begin selling recreational cannabis products and consumption accessories for adult use on May 12, 2025. This opening brings High Tide's total store count to ...