,Singapore

Weekly Global News Wrap: Yum Brands' digital biz shines despite same-store sales fall; Dunkin' to shutter up to 800 U.S. stores; Starbucks accelerates pick-up store rollout

Here is a summary of the most interesting QSR news stories of the week from around the world.

McDonald’s expects to accelerate U.S. restaurant closures this year and permanently shutter about 200 locations. As reported by CNBC, the fast food giant said its U.S. same-store sales shrank just 2.3% in June. Read more here.

Dunkin' is permanently closing 8% of its U.S. locations, which amounts to roughly 800 restaurants. As reported by CNN, described the closures as "real estate portfolio rationalization" and said the affected locations are in "low-volume sales locations" that only represent 2% of its US sales as of 2019. Read more here.

Yum! Brands reported that global same-store sales fell 15% in the fiscal second quarter, led by plummeting sales across the KFC brand. However, as CNBC reports, the company also said sales have begun to stabilize in its open locations, with digital being a key factor. Read more here.

Starbucks will accelerate the rollout of pick-up hybrid stores in the U.S. amidst the ongoing pandemic. As reported by ABC News, the coffee company plans to have 50 of these stores over the next 12 to 18 months with a view to have several hundred in the U.S. over the next three to five years. Read more here.

KFC partnered with Crocs in the U.S. to release limited-edition footwear. As reported by USA Today, the fully-scented shoes went on sale for US$59.99 and sold out in under 30 minutes. Read more here.

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The “combined” concept features the operator’s PappaRich, NeNe Chicken, Hokkaido Baked Cheese Tart and Kurimu brands.
Initially launched in Singapore, the feature will be rolled out across the rest of its APAC markets shortly.
The chain also introduced broccoli cheese balls as a new side dish option.
Burger King currently has around 150 and 440 outlets in Japan and South Korea, respectively.
More than 60 stores in Beijing, Shanghai, Shenzhen and Chengdu now offer this ‘1971 Salon’ reservation service, with plans to expand.
The company expects approximately 50,000 jobs to be created as a result.
The promotional boxes have sold out, partly due to scalpers reselling the toys for higher prices.
The unmanned store chain, located in Wirye New Town, is selling about 120 kinds of products.
The fast food chain estimates that stocks will be replenished by late January.
The chain now expects to have more than 45 Shake Shacks across Korea, Singapore, and Malaysia that year.
Founded in 2017, it already has a presence in ten countries, including the US, UK and Australia.
The chain has grown to employ more than 3,000 staff in over 600 stores across 45 cities.