Tag: franchise consultant

  • Fashion retailer Zara opens flagship store in Skokie, touts innovations in online shopping and sustainability technology

    Spanish fast-fashion retailer Zara opened its newest location Thursday at Westfield Old Orchard mall in Skokie. The 28,000 square foot store is located in the recently redeveloped former Lord & Taylor space, which it shares with a home furnishing brand and a mini-golf restaurant. Previously, Zara operated out of a smaller space on the north…

  • 7-Eleven convenience store chain marks 50 years in Japan

    The 7-Eleven convenience store chain this week marked the 50th anniversary of its first outlet opening in Japan, where convenience stores have become essential infrastructure for everyday life. On May 15, 1974, the first Japanese outlet opened in Tokyo’s Toyosu area. The first product sold there was a pair of sunglasses. “In the beginning, I…

  • With a $2 Billion Injection, Burger King is Accelerating Franchisee Profitability

    Burger King is sprinting toward $300,000 in per-unit profitability for franchisees, and it’s thanks to more than $2 billion worth of investments to get back on track.  That breaks out to $400 million from the “Reclaim the Flame” turnaround plan announced in September 2022, the $1 billion acquisition of its largest franchisee Carrols Restaurant Group, a $500…

  • Yum Brands earnings miss estimates as Pizza Hut, KFC sales disappoint

    Yum Brands on Wednesday reported quarterly earnings and revenue that missed analysts’ expectations as Pizza Hut and KFC struggled to attract customers. Shares of the company fell nearly 4% in early trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Yum reported first-quarter net income of…

  • Burger King invests another $300 million to remodel restaurants

    Burger King will invest another $300 million to remodel about 1,100 of its U.S. restaurants as part of a broader turnaround effort, the chain’s parent company said Tuesday. Owner Restaurant Brands International kicked off Burger King’s comeback strategy a year and half ago with $250 million to renovate restaurants and upgrade its technology and equipment, plus an additional $150…

  • Krispy Kreme to open stores in Germany 

    Krispy Kreme is set to extend its sweet reach to Germany through a recent agreement with ISH Kreme, marking its largest franchisee collaboration yet. With a nod to its roots in Charlotte, North Carolina, Krispy Kreme is a globally recognized purveyor of delicious treats, famed for its melt-in-your-mouth Original Glazed doughnuts. Operating in over 35 countries,…

  • Navigating Marriott International Franchise Costs, Fees & FDD: A Comprehensive Guide

    If you’re considering delving into the hospitality industry, franchising with a reputable brand like Marriott International could be a lucrative venture. However, before diving in, it’s essential to understand the costs, fees, and legal documents associated with such a partnership. In this guide, we’ll walk you through everything you need to know about Marriott International…

  • Marriott International Accelerates Growth in Poland With More Than 10 Anticipated Openings in the Pipeline

    Marriott International, Inc., announced its plans to expand its portfolio in Poland with the expected addition of more than 10 properties in the next few years, including the debut of two brands – Le Méridien and Element Hotels by Westin – in the market. The anticipated openings will further enhance the company’s footprint in the…

  • Domino’s surpasses sales expectations as promotions drive pizza orders

    Domino’s Pizza topped expectations for first-quarter sales and profit on Monday, as consumers in the United States tapped into offers through the pizza chain’s loyalty program. The company’s shares, which have gained about 21% so far this year, rose nearly 7% in early trading. Domino’s has managed to buck a downbeat trend for eating out…

  • KFC launches first-ever perfume “eau de BBQ” – inspired by a mouth-watering menu item

    Forget Chanel No.5 – KFC‘s now launched its very own ‘No.11’ perfume. A KFC-scented perfume probably wasn’t what you imagined 2024 would bring. But the fried chicken giant has now launched just this, in a shock move that will no doubt throw fast food lovers completely off guard. Dubbed the ‘No. 11 Eau de BBQ‘, KFC’s brand…