Consumers will spend cautiously, seek value in 2014
San Francisco — Shoppers will continue to be cautious in their spending in 2014, and they expect to make more money, save more money and afford the things they need. According to a forecast from digital coupon and discount site AnyCodes.com, this is because of a combination of three factors: consumer confidence in the future is climbing, they are focused on investing in themselves and paying off debt, and they are much confident about their job prospects.
As a result, AnyCodes.com says consumers intend to shop the same amount or more in 2014 compared to the prior year, but will find value in the money they do spend, stretching every dollar as far as possible.
Dunkin’ Donuts plans 13 stores in Oklahoma City
Canton. Mass. – Dunkin’ Donuts has signed a multi-unit store development agreement with existing franchise group, OKD Holdings, to develop 13 new restaurants throughout Oklahoma City. The first of the planned restaurants will open in 2015.
Together, this team led by second generation Dunkin’ Donuts franchisee Misha Goli and his partners will manage and oversee the company’s daily operations for each restaurant. Goli currently owns four restaurants throughout Oklahoma City.
Dunkin’ Donuts’ new look includes four distinct restaurant design options for franchisees, each featuring variations in layout, color schemes, graphics, textures, furniture and/or lighting, and allows franchisees to select individual elements from any of the four options, creating a restaurant design that reflects their personal tastes and preferences, and best serves their specific restaurant size and location. Dunkin’ Donuts also offers flexible concepts for any real estate format including free-standing restaurants, end caps, in-line sites, gas and convenience, travel plazas and universities, as well as other retail environments.
Litespeed Management buys 8% share in RadioShack
New York – Hedge fund Litespeed Management has purchased about 8.1 million shares, or an 8.1% stake, in RadioShack. Litespeed, founded by Jamie Zimmerman in 2000, specializes in investing in troubled companies that have viable businesses.
Litespeed disclosed the purchase in an SEC filing. The filing does not specify purchase price, but analysts have estimated the company probably did not spend more than roughly $17 million on the investment.