REAL ESTATE

Subway to add 2,500 locations in 2012

BY Staff Writer

New York City — Subway Restaurants plans to add 2,500 restaurants in 2012, according to a report on QSRweb.com.

In 2011, Subway opened more than 2,100 locations, including 1,000 new units in the United States and Canada. A big part of the chain’s growth came from nontraditional spaces such as convenience stores, department stores, train stations, museums, hotel lobbies and movie theaters, the report said.

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REAL ESTATE

Panda Express debuts Panda Dry Cleaning format

BY Marianne Wilson

New York City — The owners of the Panda Express fast-food chain, Andrew and Peggy Cherng, have partnered with Procter & Gamble, whose products include Tide laundry detergent, to open a dry cleaning chain, Panda Dry Cleaning, according to the Los Angeles Times.

The new concept made its debut under the Tide Dry Cleaners banner in Henderson, Nev., and as many as 200 franchised locations nationwide are planned for the next five years.

Panda is set to open at least five more Tide cleaners in 2012. Many of the future locations could be planned for California, where they have exclusive rights to develop the facilities, the report said.

"There isn’t any consolidation in this particular industry," Andrew Cherng told the Times. "There is no McDonald’s of dry cleaners. We see this as an opportunity."

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REAL ESTATE

Dollar General to open 625 stores in 2012; will enter California with 50 locations

BY Marianne Wilson

Goodlettsville, Tenn. — Dollar General plans to open 625 stores and add more than 6,000 new jobs in 2012. The locations will be spread among Dollar General’s 38-state operating area, and include the new markets of California, where it will open 50 stores and a distribution center, and Massachusetts. The discounter will also open a distribution center in the Golden State this year.

“California presents an extraordinary opportunity for Dollar General to fulfill its mission of serving others by delivering convenience and value,” said Rick Dreiling, chairman and CEO. “Our plans bring new opportunities for Californians, including hundreds of new jobs.”

In addition to the 625 new stores, the company plans to remodel or relocate 550 stores in 2012.

The projected 6,000 jobs follow on the heels of three years of positive job growth for the company. Including 2012, the company will have created more than 21,000 new jobs since 2009.

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B.Brent says:
Nov-30-2012 03:22 pm

Dollar General is expanding even though the economy is shaky. Maybe the big bosses of Dollar General knew something we don't know that is why they are investing a lot. - Garrett Hoelscher

B.Brent says:
Nov-30-2012 03:22 pm

Dollar General is expanding even though the economy is shaky. Maybe the big bosses of Dollar General knew something we don't know that is why they are investing a lot. - Garrett Hoelscher

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