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Restaurant

  • Dunkin’ brewing up aggressive growth

    Dunkin’ Donuts isn’t letting lackluster sales in its most recent quarter stand in the way of store expansion.

    The coffee chain, a division of Dunkin’ Brands Group Inc., on Thursday said it is on track to add between 410 and 440 net new U.S. stores this year. The expansion represents greater than 5% net new locations.

    Globally, the company -- which also owns Baskin-Robbins -- expects to open between 615 and 750 net new restaurants across the two brands.

  • Amazon gets into the restaurant delivery biz in Oregon

    Hungry consumers in Portland just got a new option for convenient eating.

    Amazon.com is enabling Prime Now customers in Portland to obtain free delivery from local restaurants and food carts. Using the Prime Now mobile app, Portland customers can view participating restaurants, browse menus, place orders, track the status of their delivery, and watch as the driver travels from the restaurant to the delivery address in real time.

    Once an order is placed, Amazon delivery drivers pick up and deliver the food within an hour or less.

  • Dunkin’ Donuts not cutting back on store expansion

    Dunkin’ Donuts announced new locations as it works towards its goal of opening 410 to 440 net new restaurants in 2015.

    The chain announced multi-unit store development agreements totaling 24 new restaurants over the next several years in Minnesota with two franchise groups, Kod Kod Enterprises, LLC, and existing franchise group, VANTive Group.

  • Crown Center names new president

    Kansas City, Mo. -- Crown Center Redevelopment Corporation headquarter in Kansas City, Missouri, has named Stacey Paine as its new president.

    Paine will replace Bill Lucas who is retiring at year-end after serving 20 years as the president of Crown Center, an 85-acre mixed-use community, privately financed by Hallmark Cards, Inc., that combines 2.2 million sq. ft. of office space, retail, hotels, residential and entertainment attractions within its boundaries.

  • Amazon offers prime dining option in Portland

    Hungry consumers in Portland just got a new option for convenient eating.

    Amazon.com is enabling Prime Now customers in Portland to obtain free delivery from local restaurants and food carts. Using the Prime Now mobile app, Portland customers can view participating restaurants, browse menus, place orders, track the status of their delivery, and watch as the driver travels from the restaurant to the delivery address in real time.

    Once an order is placed, Amazon delivery drivers pick up and deliver the food within an hour or less.

  • Stark Enterprises announces retail property acquisition

    Pickerington, Ohio -- Stark Enterprises acquires The Shoppes at Stonecreek in Pickerington, Ohio. The 45,000-sq.-ft. retail center is located east of Columbus and is currently 100% occupied. Featured tenants include Lifetime Fitness, Petland, Advanced Vapor, Lomonico’s and Roosters.

    “This acquisition further expands our footprint outside of Northeast Ohio and is a prime opportunity for us to prove the transformational impact we have on our properties,” said Ezra Stark, COO for Stark Enterprises.

  • RCP Companies unveils $100 million mixed-use development project

    Huntsville, Ala. -- RCP Companies reveals plans for its newest development in Huntsville, Alabama, within the Central Business District. CityCentre at Big Spring is a $100 million mixed-use development project integrated within Big Spring on nine acres downtown and between Von Braun Center and Twickenham Square.

    Site demolition has been completed with construction expected to commence by year-end and phase one opening in 2016.

  • Starbucks deal costs Square

    There are no sure things in business – not even a partnership with Starbucks.

    In paperwork filed for a planned IPO, Square revealed that since launching an agreement to process back-end mobile transactions for Starbucks in October 2012 (the coffee chain did not adopt Square reader hardware), it has recorded $309.8 million in revenue but $380.4 million in processing costs.

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