REAL ESTATE

Dunkin’ Donuts to enter United Kingdom with 50 locations in five years

BY Marianne Wilson

Canton, Mass. — Dunkin’ Donuts announced that it has signed agreements with two franchise groups to begin developing Dunkin’ Donuts restaurants in the United Kingdom. The two agreements call for the development of 50 Dunkin’ Donuts restaurants in Greater London over the next five years, with an initial focus on North London and East London.

"We feel there is significant opportunity for Dunkin’ Donuts in the U.K., and we have had a tremendous response from potential franchisees interested in developing the brand across the country," said Giorgio Minardi, president, Dunkin’ Brands International. "We are especially excited to begin the expansion of Dunkin’ Donuts into the U.K. with The Court Group and DDMG Ltd., two experienced franchisees who have a deep passion for the brand and a solid understanding of the local market. We look forward to working with them to make Dunkin’ Donuts’ high-quality beverages, baked goods and sandwiches part of the way of life in the U.K."

The chain is also in advanced discussions with additional franchise partners to help develop a total of 150 Dunkin’ Donuts restaurants in the U.K. over the next five years, which includes the two signed agreements.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
FINANCE

The Men’s Wearhouse Q2 down 28%; lowers full-year view

BY Marianne Wilson

Fremont, Calif. — The Men’s Wearhouse Inc.’s fiscal second-quarter earnings fell 28% amid several one-time charges and a shift in quarterly tuxedo rental revenues. Citing macroeconomic challenges, the company lowered its fiscal 2013 guidance.

For the quarter ended Aug. 3, Men’s Wearhouse reported a profit of $42.9 million, down from $59.4 million last year. Total net sales dropped 2.3% to $647.3 million. Retail segment sales for the quarter decreased by 1.9% or $11.2 million and corporate apparel sales decreased by 6.6% or $3.8 million as compared to the prior year quarter.
Doug Ewert, Men’s Wearhouse president and CEO, commented: “Retail clothing sales during the second quarter were below our internal plan as we experienced a decline in customer traffic compared to last year’s second quarter. We believe this is primarily due to macro issues affecting the apparel retailing space.”

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
OPERATIONS

Walmart enlists kids to help select ‘hot’ holiday toys

BY Marianne Wilson

Bentonville, Ark. — Walmart on Thursday announced its annual holiday top toy list, but this year’s list has a new spin: It was put together with the help of kids. The chain brought together 1,000 kids ages 18 months to 10 years to test, play with, and help select the top toys for the season.

“We are taking the guesswork out of customers’ holiday toy shopping by turning to kids to tell us what the real top toys are," said Scott McCall, senior VP of toys and seasonal at Walmart U.S. "Kids told us they want interactive toys as well as classic brands. After hearing this feedback, we did what we do best. We made price investments to offer absolutely great savings on these holiday toys and more for our customers."

According to an Associated Press report, Walmart gathered the kids over a three-day weekend in August in Dallas, where they played with 50 toys and chose their favorites.

The "Chosen By Kids" toys will be grouped together throughout the season in special in-store displays, on Walmart.com and in newspaper circulars around the country beginning later this month. The list features newcomers and classic favorites, and includes a new robotic pet Furby, a hugging Elmo and a Barbie dream house.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...