Tim Hortons Arriving in Capital Area — at UAlbany

Steve Barnes reports at The Times Union that Tim Hortons, a 46-year-old Canadian chain of coffee and doughnut shops, will open its first Capital Region location in the fall, at the University at Albany’s Campus Center. The arrival seems a likely indicator of more local Tim Hortons to come, in plazas and as standalone stores, given the company’s precedent of growth once it moves into a region.

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Dunkin’ Donuts Announces Seven New Restaurants

Restaurants and Institution Magazine reports that Dunkin’ Donuts, America’s favorite every day, all-day stop for coffee and baked goods, announced today the signing of a multi-unit store development agreement with Roadrunner Markets for seven new restaurants in Tri-Cities, TN and the surrounding areas of Northeast Tennessee and Southwest Virginia. The first two locations are anticipated to open in 2011 and the remainder by 2015. Dunkin’ Donuts development in Tri-Cities is part of a steady and strategic growth strategy, which includes expanding in existing markets while entering new cities across the country to help drive the leading coffee and bakery chain’s growth.

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Citizens’ pain: A $600M loss

A unit of Citizens Financial Group recently reported a full-year net loss of $600.4 million for 2009 after charging off more than $2 billion in bad loans. RBS Citizens, the No. 2 retail bank in Massachusetts, disclosed the loss in a financial report filed with the Federal Deposit Insurance Corp. The bank was not available to comment for this story

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Valuing Validation: Franchisee and Candidate Feedback is a Powerful Growth Tool

Linda Burzynski writes at Franchise Update that Years ago, the Mayor of New York City became famous for asking the city’s residents, “How’m I doing?” She writes how important franchisees comments and feedback are to the franchise development process. In some systems, the validation process is very difficult and poor validation can easily frighten qualified candidates away leaving the franchisor to wonder what happened.

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Increased Sugar Prices May Soon Leave Bad Taste in Consumers Mouths

Misty Harris in Canwest News Service writes that Canadians with a sweet tooth may soon find cavities in their wallets as sugar prices soar to their highest level in three decades. Production shortages have seen the cost of sugar nearly triple in the last year, flirting with 30 cents U.S. per pound in comparison to the 11 cents at which it formerly hovered. Analysts predict things will get worse before they get better, with potential price implications for everything from cupcakes to double-doubles.

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Dunkin’ Donuts Offering Scholarships

Dunkin’ Donuts and the franchisees of Rhode Island and southeastern Massachusetts have announced that applications for the 15th annual Dunkin’ Donuts Scholarship Program are now available. Interested applicants can visit any Dunkin’ Donuts shop in Rhode Island or Bristol County for more information.

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