,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.

Join QSR Media Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

The centre will consolidate and expand resources to develop new solutions and services using technologies in big data, AI, and others.
China’s biggest hot pot chain embarked on an expansion drive in early 2020 that resulted in an almost-1,600 store network.
Good Food People has a variety of over 150 ingredients.
The chain is celebrating the launch by converting a drive-thru into a ‘haunted’ location.
188 of the digital tokens will be given to some company employees and customers.
It has partnered with Olik to get access to real-time consolidated data.
Domino’s Japan chief executive and president Josh Kilimnik will take on the expanded role of chief executive for APAC.
The concept features a coffee & drinks bar, along with grab & go and grocery options.