Home Depot shutters its last Beijing outpost
New York City — The Home Depot has closed its last store in Beijing, highlighting the difficulties that some western companies face when trying to transplant foreign business models into China.
Home Depot, which has closed five stores on the mainland in the past two years, is struggling to find the right business format for one of the world’s most difficult home-improvement markets, local analysts said.
Wingstop to open 20 stores in Baltimore-Washington area
Richardson, Texas — Wingstop is expanding throughout the Baltimore-Washington corridor. The company, which has experienced more than seven years of same store sales increases, recently signed a development agreement to open 20 stores in the area over the next several years.
Business partners Rahim Kurji and Bidjaan Kassam have signed a 20-store development agreement and expect to open four locations in Baltimore and Washington, D.C., this year.
Dunkin’ Donuts announces agreement for 16 new locations across Florida
Canton, Mass. — Dunkin’ Donuts has signed agreements with four franchisees to develop 16 restaurants in Tampa, Orlando and Tallahassee over the next several years.
Dunkin’ Donuts development throughout Florida is part of a steady and strategic growth strategy, which includes expanding in existing markets while entering new cities across the country.
"The Sunshine State is a priority growth market for Dunkin’ Donuts in 2011 and we’re excited to expand our footprint in three key markets," said Grant Benson, CFE, VP franchising and market planning, Dunkin’ Brands.