REAL ESTATE

Dunkin’ Donuts in college store expansion push

BY Dan Berthiaume

Canton, Mass. – Dunkin’ Donuts is increasing its focus on opening stores in college campuses and other non-traditional locations. The list of universities that have recently opened new Dunkin’ Donuts restaurants in 2013 or plan to open new locations by January 2014 includes Westfield University (second location), Norwich University, Merrimack College, University of Rhode Island (opening two locations), University of Alabama Huntsville, Brandeis University, and Wayne State University.

Dunkin’ Donuts has been strategically expanding in contiguous markets across the country with a long-term goal of having more than 15,000 Dunkin’ Donuts restaurants in the United States alone, and this expansion includes alternative points of distribution. Dunkin’ Donuts currently has nearly 600 non-traditional locations, including college campuses, mass transit stations, travel centers, supermarkets, and military bases.

"Universities are increasingly looking for more amenities to offer campus residents and visitors, and our brand’s flexible design options couple convenience with great-tasting food and America’s favorite coffee," said Grant Benson, CFE, VP of franchising and business development, Dunkin’ Brands. "As we continue our expansion, both east and west of the Mississippi, we have a continued focus on recruiting qualified operators to grow our presence at colleges around the country."

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STORE SPACES

Dollar General selects Action Services Group

BY Dan Berthiaume

Acton, Pa. – Action Services Group has signed a service agreement with Dollar General Corporation to provide its lighting, sign and electrical maintenance services to an additional 534 Dollar General store locations across Connecticut, Michigan, New Hampshire, New Jersey, New York, West Virginia and Vermont.

With the 768 Dollar General locations already being handled by Action Services Group in Delaware, Maryland, Pennsylvania and Virginia, it now brings the total number of Dollar General stores that Action Services Group services to nearly 1,500.

“We are extremely excited by Dollar General’s confidence in us to give us this incremental business,” said Ted Stouch, president and CEO of Action Services Group. “This signifies to me that over our two year relationship with Dollar General, they have realized the on-time service benefits and cost saving benefits that our ‘one-call-one-technician’ for all three services (lighting sign and electrical maintenance) has provided them.”

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FINANCE

Report: Saks settles investors suits related to HBC buyout

BY Dan Berthiaume

New York – Saks Inc. has settled lawsuits from investors related to its proposed buyout by Hudson’s Bay Company (HBC). According to Bloomberg, Saks has reached an agreement that reduces the termination fee it would pay HBC in the event the purchase does not happen and reduces the time Saks has to seek alternative offers

In July 2013, HBC made a $2.4 billion bid to buy Saks. The figure is about 30% higher than Saks’ closing value on May 20, 2013, the day before it became public Saks was considering a sale. Saks detailed its plan to settle investor suits in a filing with the Securities and Exchange Commission.

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