Category Archives: News

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What retailers can learn from Forever 21’s story

Forever 21′s bankruptcy filing highlights some issues specific to the retailer, analysts say, including its larger-sized stores. The fast-fashion retailer’s model has focused more on price than style trends, and growing resale and rental options are competing for deal seekers. …

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Survey shows 60% of restaurant dining is off-premises

Off-premises orders including drive-thru, takeout and delivery now account for about 60% of restaurant dining occasions, according to new research from the National Restaurant Association and Technomic. Read the Nation’s Restaurant News story here

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Salt Hotels’ inn/lifestyle hybrid to grow beyond its 5 properties

Salt Hotels plans to open five boutiques with properties in New York City, Texas, the Caribbean and London. Read the TravelPulse story here

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Jollibee plans to add 112 US restaurants in next 4 years

The beloved Filipino fried chicken chain Jollibee has promised an “aggressive expansion strategy” to go with its pineapple-and-cheese Amazing Aloha burgers, pledging to have at least 150 locations in the United States by 2023. Read the Food & Wine story …

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Denny’s franchisee WKS acquires 94 units

Franchisee WKS Restaurant Group has acquired 94 Denny’s restaurants from QK Holdings, for an undisclosed amount. The deal makes WKS the restaurant chain’s biggest franchise operator with 127 units in 10 states. Read the Nation’s Restaurant News story here

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Report: Drive-thru times slowed in 2019

Quickserve drive-thru customers waited an average of 20 seconds longer for their orders this year than last, according to the 2019 QSR Drive-Thru Performance Study. Expanding menus and more crowded lanes, which include customers picking up mobile orders, are making …

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Marriott plans to go all in on all-inclusive trend

Marriott International is starting its foray into the all-inclusive market with five resorts in Latin America and the Caribbean. Marriott is carving out a space for itself by focusing on upper-upscale and luxury tiers rather than mass market. Read the …

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Save Mart set to open California fast-casual eatery

Save Mart‘s new flagship location in Modesto, California will be home to the grocer’s first fast-casual eatery. The 63-seat concept, called The Tipping Point, will feature local wines and beers on tap and its food menu will be available for …

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Milan-based Illycafe plans 200 US cafes within 5 years

Italy’s Illycaffe could reach its goal of opening 200 cafes in the United States within five years as part of a broader drive to expand its business outside its home market. Read the Reuters story here

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Forever 21 to close 350 stores worldwide in bankruptcy filing

Privately held fashion retailer Forever 21 will file for Chapter 11 bankruptcy protection and end operations in Canada, Japan and 38 other countries, according to The Wall Street Journal. The retailer plans to shutter as many as 350 stores, including …

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