Jobless Claims Jump Again Heading into Holidays

In a notice released yesterday morning, the Department of Labor Employment and Training Division reported that the number of Americans filing for unemployment benefits jumped again last week to 885,000, the highest weekly total since September. Claims were 23,000 higher than the previous week’s figures and come as COVID-19 cases continue to surge across the…

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Miscellaneous

Notwithstanding the spike in coronavirus infections that we’re seeing across the country over the past few weeks, optimism rose 12 points among small business owners for the fourth quarter of 2020 according to new polling from the Wells Fargo/Gallup Small Business Survey. The 4th quarter score of 72 is up 12 points from the prior…

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Dunkin’ Doings

This week Dunkin Brands CFO Kate Jaspon was present at the JP Morgan Consumer Conference and our DDIFO Restaurant Analyst John Gordon of Pacific Management Consulting Group reports she answered detailed questions and gave a good outline of current and future initiatives. While not detailing same-store sales numbers, she indicated consumers are out more and…

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Dunkin’ Doings

In the Dunkin’ Q1 earnings call held yesterday, company executives described the positive Dunkin US and Baskin sales momentum the brand had experienced leading into mid-March, only to be knocked down by the Covid 19 impact. By early April, Dunkin US same store sales had fallen to minus 35% but has since improved to almost…

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Miscellaneous

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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Miscellaneous

It’s official, with October job growth numbers, US employers have added jobs to their payrolls for 109 months straight – the longest stretch of job creation the government began collecting those records in 1939! On average this year, employers have added 167,000 jobs per month! It should be no surprise then that small business optimism…

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Dunkin’ Doings

There’s a mix of good news and not great news on the Dunkin’ specific front to report this week. First off, the impending departure of Dunkin Chief Marketing Officer Tony Weisman was news that franchisees were not thrilled to learn of this week. Tony, who was brought on board by CEO Dave Hoffmann was instrumental…

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Dunkin’ Doings

Having failed thus far to get the tax returns of President Trump released, New York Attorney General Letitia James has turned her sights on Dunkin’ Brands, filing a suit against Dunkin for not providing notices to 20,000 DD Perks members that a 2015 cyber-attack may have compromised their customer information. In addition, the NY AG…

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Starbucks

CFO Pat Grismer presented to the Goldman Sachs conference earlier this week and gave a brief look at US operational developments with Starbucks’. Interestingly, he made some of the very same points that Dunkin Brands did in 2017 and 2018 when the Dunkin Blueprint was implemented. Starbucks acknowledged they would stay beverage focused to drive…

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Dunkin’ Doings

Keeping a good thing going, Dunkin’ this week came in as the #2 fast food brand in the annual Brand Intimacy Survey released this week by New York-based market survey company MBLM. Coming in just behind #1 Chick-Fil-A, Dunkin’ improved significantly from it intimacy results in 2018, moving up from 9th last year in fast…

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