Back in March, Taco Bell hinted a franchisee was working with the brand and experts outside the quick-service sector to create an “industry-defying” drive-thru restaurant. It wasn’t an overstatement. On Thursday, Taco Bell revealed its “Defy” concept—a 3,000-square-foot, two-story model the company… Read More
Through the first half of 2021, KFC U.S. has opened a net of three stores. That may not sound like much, but it’s the best growth rate the chicken chain has seen in 17 years, and it’s expected to continue…. Read More
On the heels of one of its “best quarters ever,” Wendy’s global development is about to get a serious jolt. And it’s going to come from multiple angles as the burger chain races toward 8,500–9,000 locations by 2025—500–1,000 more than… Read More
Malls “have essentially fully recovered” to post-pandemic levels, according to a new analysis of the top performing indoor and outdoor shopping centers across the US. Outdoor shopping centers posted a 2.1% increase in monthly visits in July as compared to… Read More
In the second quarter, GDP posted one of its biggest jumps ever—6.5%. Take away the giant 33.4% bounce back from the pandemic in the third quarter of 2020, and it was the strongest quarter since 2003. And the signs are… Read More
There’s more money than ever betting that apartment rents are heading to new heights. Investors spent $53 billion on multifamily real estate during in the three months ending in June, the most ever for the second quarter, according to data… Read More
Today, approximately 150,000 convenience stores are operating in the nation, according to the Convenience Store News 2021 Industry Report. Of them, about 122,000 sell motor fuel. Fuel directly accounts for roughly 60 percent of the industry’s sales and 40 percent… Read More
For the second straight quarter, Jack in the Box saw positive transaction growth. It may not sound like much, CEO Darin Harris said, but considering the industry’s current reliance on growing average ticket to create sales, it’s a monumental win…. Read More
For a while there in March 2020, Donatos Pizza president and CEO Tom Krouse wondered how his 58-year-old, family-owned business might survive. A global health pandemic unlike anything seen in modern times, mandated stay-at-home orders, and rampant uncertainty has a… Read More
This past year was one for the history books, and it’s not quite history just yet. But despite all the wild headlines and unheard-of roadblocks, quick-service might just emerge in better shape. The sector weathered the trials of COVID-19 smoother… Read More