Competitor News

Away from earnings reports and the like, there were a number of other announcements recently that we thought we would pass along to you. Gloria Jeans, the California-based specialty coffee company continues its expansion with a new franchise agreement to open 5 new stores including a kiosk in the RDU Galleria North Carolina. The company…

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Competitor News

Tim Hortons sales growth missed investor expectations last week with the company reporting same store sales drop of 0.6%, down 0.3% from the prior year and blaming the drop on bad weather in Canada early in the quarter. Trying to put a shine on that sneaker, CEO Jose Cil pointed to enthusiastic guest reactions to…

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Competitor News

A little over a week ago, North Carolina-based Duck Donuts announced it was expanding to Puerto Rico with the signing of a three-store development agreement with new Puerto Rican franchisees. The 65-unit brand specializes in made-to-order donuts. We also noted that Beijing-based coffee startup company Luckin Coffee, which opened 2,000 units last year and has…

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Competitor News

Canadian coffee chain Tim Horton’s announced this week that it is looking to expand in China in a big way with plans to open as many as 1500 new outlets over the next decade in the world’s most populous country. To reach that number, Tim’s parent RBI has partnered with private equity firm Cartesian Capital…

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Competitor News

Starbucks is testing coffee ice, that is, frozen Starbucks coffee ice cubes — in about 100 stores in the St. Louis and Baltimore markets for the next 8 weeks. The “coffee ice” can be added to any iced espresso or brewed coffee beverage the company serves, although the barista could probably add the caffeinated ice…

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