According to the Center for An Urban Future, the Big Apple got a little smaller in 2019 – at least if you’re measuring it by chain stores. In its twelfth annual ranking of national retailers, State of the Chains, 2019, the Center reports that New York City lost 304 store locations in the year just…
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Back in the 1980’s, I was running a real estate trade organization when housing costs were exploding, with no apparent end in sight. Even luxury housing was difficult to come by, and not what buyers were really looking for. As it always does, the market responded to the need, and gave us… McMansions! Today, Wikipedia…
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The NPD Group has released its QSR traffic report for the 3rd quarter and reports that visit growth is up 5 percent in the coffee/doughnut/bagel category, one of the few bright spots in the report. Fast Casual traffic was up 8% while Mexican quick service was up 5 percent as well. On the flipside, the weakness…
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A noted California-based brand expert has come out with a very favorable outlook on Dunkin’ Donuts’ ongoing westward expansion, identifying a number of factors which she believes all point to strong growth potential for Dunkin’ in the Golden State. Denise Lee Yohn, brand expert and author of “What Great Brands Do: The Seven Brand-Building Principles…
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The first Dunkin’ Donuts shop to open to the public in San Diego opened to wait lines of up to 90 minutes and non-stop satisfied customers as this story and video can attest. It’s been a couple of weeks since the opening in the lobby of the Embassy Suites Hotel in the downtown, but the…
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For the 48th consecutive month, the restaurant industry posted a net monthly gains in jobs created for a total over that time frame of over 1.2 million jobs, posting an increase of 21,000 jobs in February. Notwithstanding the increases, according to the National Restaurant Association February 2014 tracking survey, the restaurant operators still have a…
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It seems many towns are slowly turning back the clocks to recapture the days when everyone knew their neighbors, when block parties and pot luck dinners were the norm and, most importantly, when local stores were locally owned. Perhaps it’s society’s backlash to the proliferation of social media, online shopping and big-box retailing. West Orange, NJ –…
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Nobody ever thought it would happen. After all, hurricanes aren’t supposed to hit Queens, New York. But in October, 2012, Hurricane Sandy had a mind of its own. This Category 3 Superstorm became one of the most deadly and destructive hurricanes of the Atlantic season and the second costliest hurricane in United States history, to…
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Dunkin’ Donuts’ expansion continues with news that the second shop in the Golden State of California opened its doors this past Monday in Barstow, California. Dunkin’ has been aggressively signing SDAs with franchisees willing to expand their networks throughout California.
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The Business Standard, the Indian English-language daily newspaper that primarily covers India and international financial/business news, recently ran an interesting article on the projected growth of the franchising industry in India and included some words of caution for those considering opening businesses using the franchising model. You can read the full article here.
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