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Today in the news

Wahlburgers plans expansion into fast-casual
posted on Jun 05 20

Wahlburgers has an aggressive plan to grow from 37 units to 300 by 2025. Plans call for exploring a fast-casual concept as part of the growth, which would include both corporate and franchised locations. Read The Boston Globe story here 

Posted by: Mike Pallerino
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Sprouts opts for smaller stores in return to roots
posted on Jun 05 20

Sprouts Farmers Market has reevaluated its business model in the wake of the pandemic and will opt for smaller store footprints and a focus on healthy foods to drive future growth. Read the Winsight Grocery Business story here

Posted by: Mike Pallerino
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Earl Enterprises strikes $29M deal for 45 Brio, Bravo units
posted on Jun 05 20

Earl Enterprises, the operator of concepts including Buca di Beppo and Planet Hollywood, has agreed to acquire 45 Brio and Bravo Italian restaurants from FoodFirst Global Restaurants, which filed for Chapter 11 bankruptcy protection last month. The deal, which still needs court approval, calls for a $50,000 cash payment, $4 million in assumed liabilities and $25 million in forgiven credit. Read the Restaurant Business online story here

Posted by: Mike Pallerino
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Foot Locker sharpens focus on off-mall store strategy
posted on Jun 04 20

Foot Locker started focusing less on mall stores and more on larger standalone locations two years ago, and the pandemic has spurred the retailer to speed up its plans. The off-mall stores, called “Power Stores,” have about four times the space of mall locations to accommodate community events. Read the Modern Retail story here

Posted by: Mike Pallerino
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Dunkin’ plans careful approach to reopening dining rooms
posted on Jun 04 20

Dunkin‘ will reopen a handful of dining rooms in June to evaluate the situation. The vast majority of the brand’s business was already to-go before the pandemic. Dunkin’ officials said the redesigned stores are well-suited to current realities. Read the QSR magazine online story here

Posted by: Mike Pallerino
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