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Quick Service Restaurant

  • Smashburger plans expansion, possible IPO

    DENVER -- Fast food hamburger chain Smashburger plans to more than double its nationwide store count to about 500 in the next few years. The chain currently runs about 200 locations across the US.

    According to public comments from Smashburger chariman and CEO Dave Prokupek, the chain may also launch a US IPO at some point in the future. “The idea of good food fast isn’t going to go away anytime soon,” said Prokupek.

     

  • Former Nike exec rules development roost at Church’s Chicken

    Former Nike executive Tony Moralejo has been appointed chief development officer at Church’s Chicken. Moralejo will be responsible for domestic and international expansion for the global chicken chain, as well as franchising, re-imaging, construction and real estate management. 

    He will report directly to president and CEO Jim Hyatt and will be a member of the brand’s executive team.

  • Douglas Development adds new retailers to downtown Washington, D.C.

    Washington, D.C. -- Douglas Development said that specialty candy store IT’SUGAR will join soft-serve yogurt shop FrozenYo and bar concept Jackpot Tavern in Chinatown, across from the Verizon Center and Gallery Place Metro Station, in Washington, D.C.

  • Dunkin’ Brands shuffles board

    Canton, Mass. – Dunkin’ Brands Group Inc., parent company of Dunkin’ Donuts and Baskin Robbins, has named current CEO Nigel Travis, 63, as chairman of the board of directors. Board member Raul Alvarez, 57, has been appointed lead independent director of the board. These changes come as Jon Luther, 69, prepares to retire as director and chairman of the board effective May 15.

  • Domino’s enjoys strong same-store sales

    Ann Arbor, Mich. -- Pizza chain Domino’s, Inc. reported a 6.2% increase in domestic store sales during first quarter 2013, compared to the same quarter a year earlier.

    Domino’s also reported 6.5% international same store sales growth and added a net 75 global stores. Net income increased from $20.7 million to $34.4 million, an almost 66% jump.

    As of March 2013, Domino’s operates 10,330 global stores, including 4,923 domestic locations.

     

  • Douglas Development acquired mixed-use building

    Washington, D.C. -- Douglas Development announced that it has purchased a new mixed-use property in Chinatown DC. The 10,000-sq.-ft. building includes three levels of office space and 4,000 sq. ft. of street-level retail.
         
    Douglas Development acquired the property from Washington, D.C.-based law firm Wingfield & Ginsburg, which has since leased back all of the office space from Douglas Development.
          

  • McDonald's comps slip in Q1, profit inches up

    Oak Brook, Ill. -- McDonald's Corp. reported Friday that net income for the quarter ended March 31 rose about 1% to $1.27 billion, from $1.26 billion last year. Total revenue also rose 1%, to $6.6 billion from $6.5 billion.

    Same-store sales dipped, however, impacted said McDonald’s by a tightened eating-out environment during the quarter.

    At home, same-store sales dipped 1.2%.

  • Morgan’s Foods taps Action Services Group for sign/exterior lighting services across six states

    Aston, Pa. -- Action Services Group, a national retail and commercial lighting, sign and electrical maintenance and service company announced a service agreement with Morgan’s Foods Inc., operator of KFC, Taco Bell, Pizza Hut Express and A&W restaurants under franchises licenses, to perform sign and exterior lighting service and maintenance for 73 of their franchise units.

  • RMC Property names leasing exec

    Tampa, Fla. -- RMC Property Group said Wednesday it has named Jannie DelRio as a leasing executive, specializing in tenant representation.

    DelRio previously worked with a Tampa-based brokerage firm representing tenants such as Great Clips for Hair, Smoothie King, It’s a Grind Coffee House, Dunkin Brands, Quizno’s, Stride Ride and Papa John’s Pizza.

    At RMC, DelRio's tenant representation assignments in Southwest Florida include Bull Chicks, a Texas-based fast casual concept, and Firehouse Subs.

     

  • Dunkin' Donuts to open seven restaurants in northern Utah

    Canton, Mass. -- Dunkin' Donuts said Monday it has signed a multi-unit store development agreement with existing franchisee Sizzling Donuts to open seven new restaurants in northern Utah.

    The first restaurant is slated to open in 2013, with the remainder by 2020.

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