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Today in the news

How Tractor Supply keeps plowing ahead
posted on Aug 07 20

Tractor Supply Company plans to open up to 80 new stores this year after booking strong sales growth despite the pandemic. The retailer’s position highlights the staying power of brick-and-mortar retailers that have been creating new and better experiences that look to the customer to dictate the channels. Read the Forbes story here

Posted by: Mike Pallerino
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Self-powered McDonald’s opens in Fla.
posted on Aug 07 20

A new McDonald’s location generates its own power via solar panels that cover the building, located in Florida’s Walt Disney World Resort. Read the Restaurant Business online story here

Posted by: Mike Pallerino
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Nashville’s Hermitage is National Historic Landmark
posted on Aug 07 20

The National Park Service has designated the Hermitage Hotel in Nashville as a National Historic Landmark. The 110-year-old property is Tennessee’s only hotel and one of just 30 sites statewide on the registry. Read The Business Journals story here

Posted by: Mike Pallerino
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Drive-thrus offer a lifeline to quickserve chains
posted on Aug 06 20

Panera, Shake Shack and Chipotle are investing in drive-thrus to stay competitive during the coronavirus pandemic. Full-service restaurants saw a 47% drop in visits during the second quarter, while drive-thru and carry-out orders helped buoy quickserve sales, which fell 17% during the same period, according to The NPD Group. Read the Business Insider story here

Posted by: Mike Pallerino
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Philadelphia Navy Yard to undergo major expansion
posted on Aug 06 20

A 109-acre expansion project at the Philadelphia Navy Yard will add additional retail space, offices and residences to the property. The mixed-use facility is home to the headquarters for Urban Outfitters and GSK‘s North America unit. Read the Commercial Property Executive story here

Posted by: Mike Pallerino
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