With 43,945 sandwich shops in 110 countries, Subway has become the world’s most ubiquitous restaurant chain, posting armies of “sandwich artists” in more American outposts than McDonald’s and Starbucks combined.
Global fast food sales are down 2.2%, their sixth consecutive monthly fall. McDonald's leads the way with a 4.6% sales decline in November, more than double the expected decline. In its report Off the Menu, the BBC notes that like-for-like sales at McDonald's have not increased since October 2013, as smaller rivals eroded its market share.
Tim Hortons Inc. conjures no warm and fuzzy childhood memories or feelings of patriotic pride for Azam Shibli, a 36-year-old professional based in Abu Dhabi.
“It’s hard to distinguish between Tim Hortons and Starbucks and Dunkin’ Donuts,” Mr. Shibli said, making a comment that would probably come close to blasphemy, were he to utter it in Canada. “I feel like it’s maybe slightly cheaper and slightly worse.”
The Pep Boys - Manny, Moe & Jack (PBY), the leading automotive aftermarket service and retail chain in the US, announced results for its fourth quarter of fiscal 2013 (4QFY13; ended February 1, 2014) and full-year results yesterday, after markets closed. The stock declined nearly 6% during after-hours trading following missed earnings and revenue estimates.
TORONTO • U.S. retailers will not ease pressure on Canadian rivals in 2014, according to a new report predicting a meagre 1.5% to 2% retail sales rise in Canada amid relentless competition.
That’s a far cry from the average annual 5% growth rate seen by the sector in the two decades before 2008, according to the publication from Moody’s Investor Service.
TORONTO — Rob Ford’s brother Doug officially launched his campaign for Toronto mayor Saturday in the shadow of his ailing sibling, who he said was “coaching me all the way” despite his hospitalization.
Doug Ford kicked things off with a campaign-office pep talk to a joyful throng of supporters who cheered and chanted “I love you.”
“Thank you, thank you. My heart is beating right now,” he said to applause.
Japanese fashion giant Uniqlo, a popular destination for Canadian shoppers travelling abroad, is in negotiations to open stores here in 2016, according to sources.
With more than 1,300 stores in 14 countries, Uniqlo is the world’s fourth-biggest fashion retailer, behind Zara, H&M and Gap.
Its arrival in Canada has been anticipated by retail watchers and fans alike since stepping up its U.S. expansion in 2011 and a bold vow from founder Tadashi Yanai to make Uniqlo the biggest specialty clothing chain in the world by the end of this decade.
author name submits:One area of the dividend growth universe that I have been slow to appreciate is the chain store segment that consists of firms such as Target (TGT), Ross Stores (ROST), Wal-Mart (WMT), and Walgreen (