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Fast Casual Restaurant

  • Sonic taps Planalytics for weather insights

    Berwyn, Pa. -- Planalytics announced that Sonic Corp. has subscribed to its Business Weather Intelligence Platform. Sonic is utilizing Planalytics' Consumer InsightsSM service to analyze, quantify and manage the weather's impact on restaurant traffic and demand for certain products such as fountain drinks, frozen treats and entrees.

    "Planalytics will help us better understand the impact of weather in each of our key markets," stated Barbra Castleberry, manager of marketing analysis for Sonic, which has more than 3,500 locations nationwide.

  • Wingstop to open 20 stores in Baltimore-Washington area

    Richardson, Texas -- Wingstop is expanding throughout the Baltimore-Washington corridor. The company, which has experienced more than seven years of same store sales increases, recently signed a development agreement to open 20 stores in the area over the next several years.

    Business partners Rahim Kurji and Bidjaan Kassam have signed a 20-store development agreement and expect to open four locations in Baltimore and Washington, D.C., this year.

  • Dunkin’ Donuts announces agreement for 16 new locations across Florida

    Canton, Mass. -- Dunkin' Donuts has signed agreements with four franchisees to develop 16 restaurants in Tampa, Orlando and Tallahassee over the next several years.

    Dunkin' Donuts development throughout Florida is part of a steady and strategic growth strategy, which includes expanding in existing markets while entering new cities across the country.

  • Coffee Works Cafe opens at Voorhees Town Center

    Voorhees, N.J. -- Philadelphia-based Pennsylvania Real Estate Investment Trust (PREIT) said that Coffee Works Cafe has opened its second location on Town Center Boulevard of its Voorhees Town Center property.

    More is on the horizon for Voorhees Town Center, as the municipal offices of Voorhees, N.J., will relocate to the second level of the mall in spring 2011. Also in 2011, first-to-market Firecreek Restaurant + Bar and Doghouse Gourmet Burgers are slated to join Voorhees Town Center’s Town Center Boulevard.

  • Leadership survey: Walmart and McDonald's in, Zappos and Ikea out

    Philadelphia -- A survey released Tuesday by management consultancy Hay Group, ranking the 20 best companies for in terms of leadership, said that both Walmart and McDonald’s made the sixth annual list, but incumbents Zappos and Ikea dropped out of the rankings.

  • Subway to open at Twin Oaks Shopping Center

    Aguora Hills, Calif. -- Jacksonville, Fla.-based Regency Centers said it has leased restaurant space at Twin Oaks Shopping Center, located in Aguora Hills, Calif., to Subway.

    Subway has leased 1,175 sq. ft., bringing the center to 94% leased. The tenant is slated to open in April.

  • McDonald’s Q4 and full year income up

    Oakbrook, Ill. -- McDonald’s Corp. said net income for the fourth quarter, ended Dec. 31, 2010, rose 2.1% to $1.24 billion from $1.22 billion a year earlier.

    Revenue increased 4% to $6.21 billion in the fourth quarter from $5.97 billion a year earlier. Global same-store sales rose 5% in the quarter, reflecting increases of 4.4% in the United States, 3.4% in Europe and 5.5% in the Asia/Pacific, Middle East and Africa division.

  • TCBY in long-term deal with Lone Star Yogurt to open 200 stores

    Salt Lake City -- On the heels of a new self-serve prototype, TCBY, announced an agreement with Lone Star Yogurt to open 200 stores over the next 10 years with area developer.

    Lone Star Yogurt plans to open its first TCBY self-serve store in January in Lone Star’s hometown of Tyler, Texas. It has committed to open another 24 TCBY self-serve stores in East Texas, Dallas, Ft. Worth and Houston in the next 18 months.

  • Arby's chain to be sold

    Dublin, Ohio -- Wendy's/Arby's Group said Thursday it plans to sell off its struggling Arby's quick-serve chain to focus on the Wendy's hamburger business.

    The two fast-food chains were combined when Triarc Cos., Arby's parent, bought Wendy's for $2.2 billion in 2008 to create the third-largest publicly held fast-food chain.

    Arby's generated about 30% of the company's sales in its third quarter.

    At least one analyst feels the sale could bring in $400 million to $600 million.

  • Menchie's Frozen Yogurt opens at Eisenhower Square

    Savannah, Ga. -- Centro Properties Group said that Menchie’s Frozen Yogurt has opened a 1,215-sq.-ft. store at Eisenhower Square.

    The shopping center, located in Savannah, Ga., is owned by New York City-based Centro Properties Group.

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