Flip Flop Shops looking to further expand its franchise network
Having recently signed its 100th franchise agreement and 30-shop master expansion deal for Canada, Flip Flop Shops has now announced that it has hired the commercial real estate firms, Podell Real Estate Advisors, LLC and Friedman Retail Consulting, to take the company to new heights.
Darin Kraetsch, CEO of Flip Flop Shops, commented, “This partnership is proof that we’re serious about growing the Flip Flop Shops brand. Not only will Josh and David bring Flip Flop Shops to even more prominent retail locations, but they will also help bring the brand to new areas of the United States through their established relationships with national and independent landlords.”
Flip Flop Shops joined the retail scene in 2004 and, the company says, quickly became North America's first retail chain exclusive to the hottest brands and latest styles of flip flops and sandals from such leading brands as REEF, Sanuk, Flojos, havaianas, OluKai, Cobian and O’NEILL, among others. Flip Flop Shops has also grown its franchise system at a record pace: since 2008, the growing brand has received more than 8,000 franchise applications, generated nearly $3 million in franchise fees, launched an online retail shop, signed a 30-shop franchise deal for Canada, and opened more than 40 shops throughout the United States, Canada, Guam and the Caribbean. The brand’s global expansion strategy calls for 236 locations to open in select markets by 2013. (kbp)
FLIP FLOP SHOPS®
authentic retailer of the hottest brands and latest styles of flip flops and sandals
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