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Expansion Plans

All articles tagged with #expansion plans

business1 year ago

"Multiple Locations of Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, and Fleming's Set to Close"

Bloomin' Brands, the parent company of Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill, and Fleming’s, has closed 41 underperforming locations across its brands due to factors such as sales, declining customer traffic, and costly investments. The closures primarily affected Outback Steakhouses, with 33 restaurants shutting down on Friday. Despite this, the company plans to open up to 18 new restaurants in the US this year, reflecting a redesigned layout. Sales at Outback and Bonefish struggled in the fourth quarter, while Carrabba’s saw an increase. Bloomin' Brands' stock price rose more than 6% in the past five days, and the company plans to open up to 45 new restaurants across its brands in the coming year.

via AOL|
#bloomin-brands#business#expansion-plans
business1 year ago

"Multiple Outback Steakhouse and Sister Restaurants Close 41 Locations Due to Underperformance"

Bloomin' Brands, the parent company of Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill, and Fleming’s, has closed 41 underperforming locations across its brands due to factors such as sales, declining customer traffic, and costly investments. The closures primarily affected Outback Steakhouse locations, with 33 restaurants shutting down on Friday. Despite the closures, the company plans to open up to 18 new restaurants in the US this year, reflecting a redesigned layout. While sales at Outback and Bonefish struggled in the fourth quarter, Carrabba’s saw a 2.5% increase in same-store sales. Bloomin' Brands aims to open up to 45 new restaurants across all its brands in the coming year.

via CNN|
#bloomin-brands#business#expansion-plans
technology1 year ago

"Regulators Pause Waymo's California Robotaxi Expansion Plans"

The California Public Utilities Commission has suspended Waymo's plans to expand its self-driving taxi services in Los Angeles County and Silicon Valley for up to 120 days, citing public safety concerns and the need for a staff review. Local officials have raised issues such as Waymo vehicles blocking firehouse driveways and failing to stop for traffic officers. Waymo had begun offering rides in parts of L.A. County last year and had sought authorization for local regulation of self-driving vehicles. The company claims to have reached out to various stakeholders before expanding its service area.

via KTLA Los Angeles|
#california-public-utilities-commission#expansion-plans#public-safety-concerns
business1 year ago

"XPeng Motors Unveils Ambitious Plan to Launch 30 New EV Models by 2027"

XPeng Motors CEO He Xiaopeng revealed plans to launch approximately 30 new and refreshed electric vehicle models over the next three years, aiming to bridge the price gap between $14,000 and $56,000 vehicles in China. The company intends to compete in the increasingly intense Chinese EV industry and will invest significantly in research and development, smart driving technology, and artificial intelligence. XPeng's ambitious expansion includes hiring 4,000 new employees and enriching its R&D budget by over 40% year over year, positioning the company to become a leading player in the industry.

via Electrek.co|
#business#china#electric-vehicles
business2 years ago

"Rival Salad Chain Threatens Sweetgreen's Quest to Become the 'McDonald's of its Generation'"

Salad and Go, a salad chain founded in 2013, is rapidly expanding and could potentially surpass Sweetgreen in store count. With backing from a private equity firm, the chain offers affordable salads and has ambitious expansion plans. Its CEO, a former Wingstop executive, aims to compete with fast-food restaurants by offering healthy and affordable options. The chain's unique business model, with small drive-thru locations and centralized commissary kitchens, has allowed for rapid expansion. Salad and Go aims to own thousands of restaurants and is considering all options, including an initial public offering, for its future growth.

via CNBC|
#business#expansion-plans#fast-food
finance2 years ago

"Dutch Bros' Expansion Plans Signal Strong Growth Potential in 2024"

Dutch Bros, a lesser-known coffee chain, is trading 60% below its all-time high and presents a promising investment opportunity due to its expansion plans and potential for growth. Despite declining comparable sales growth, the company's aggressive store target and focus on customer service have contributed to high sales growth. With a new CEO set to take over and the potential for increased profitability, Dutch Bros stock is positioned for a bright long-term outlook, making it an attractive buy for investors.

via The Motley Fool|
#dutch-bros#expansion-plans#finance
business2 years ago

McDonald's Sets Ambitious Goals for Global Expansion and Partnerships

McDonald's faces three key risks heading into 2024. Firstly, the potential impact of a weakened low-income consumer base, as low-income diners are an important part of the company's business. Secondly, the possibility of increased promotional spending by rivals, which may require McDonald's to decide between short-term traffic and long-term brand positioning. Lastly, the challenge of accelerated expansion plans, as aggressive expansion has historically led to sales decline and franchisee profitability issues. Despite these risks, McDonald's executives remain confident in their growth strategy.

via CNBC|
#business#expansion-plans#fast-food
space2 years ago

China Reveals Stunning Panoramic Views of Complete Tiangong Space Station

China has released new photos of its Tiangong space station, showcasing its fully assembled configuration with three modules and three crew members. The panoramic views were captured by departing astronauts and reveal the station's power-generating solar arrays. China also announced plans to expand the space station by adding three more pressurized compartments in the future, turning Tiangong into a hub for experiments, technology demonstrations, spacecraft assembly, and satellite servicing.

via Ars Technica|
#astronauts#china#expansion-plans
business2 years ago

In-N-Out Burger to Expand into New Mexico by 2027

In-N-Out Burger, the Southern California-based fast food chain, has announced plans to expand into New Mexico, making it the final Four Corners state to have an In-N-Out location. The company will open multiple restaurants in Albuquerque and other locations in the state by 2027. In-N-Out already has locations in Arizona, Utah, and Colorado. The expansion will be supported by a distribution hub in Colorado Springs. In-N-Out also recently announced plans to open locations in Tennessee by 2026.

via KTLA Los Angeles|
#business#expansion-plans#fast-food-chain
business2 years ago

Energy Transfer's Q3 Earnings Fall Short, but Crude and NGL Volumes Reach All-Time High

Energy Transfer reported Q3 earnings slightly below expectations, but achieved record volumes in natural gas liquids (NGL) and crude transportation. NGL transportation volumes were up 14% and crude transportation volumes gained 23%, both setting company records. The company expects its full-year adjusted EBITDA to range between $13.5 billion and $13.6 billion. Energy Transfer's expansion plans include increasing export capacity at its Nederland terminal and awaiting a decision from the U.S. Department of Energy on its Lake Charles LNG facility project. The company also announced the acquisition of Crestwood Equity Partners.

via Reuters|
#business#crude-transportation#energy-transfer
travel-and-entertainment2 years ago

"Disneyland's Pixar Place Hotel: Opening Date Revealed, Offering an Immersive Pixar Movie Experience"

Disneyland Resort has announced that the transformation of Paradise Pier Hotel into a Pixar-themed hotel, called Pixar Place Hotel, will be completed and open for business on January 30, 2024. The hotel will be the first fully Pixar-themed hotel in the United States and will feature vibrant Pixar stories and artwork throughout. The renovation is part of Disney's 30-year plan for expansion and innovation in the area. The hotel will include Pixar-themed guest rooms, a lobby with a giant Pixar Lamp and mobile of beloved characters, and a rooftop with a Finding Nemo-themed splash pad and pool area. The hotel's Great Maple restaurant will open in November, followed by other amenities.

via Deadline|
#artist-renderings#disneyland-resort#expansion-plans
entertainment2 years ago

"Unveiling the Future: Epic Universe Florida Theme Park Set to Transform Orlando's Entertainment Landscape"

NBCUniversal's Mark Woodbury revealed new details about the upcoming Universal Epic Universe theme park in Florida, set to open in 2025. The park will be the most technologically advanced yet, incorporating facial recognition and photo validation technology for a frictionless guest experience. It will feature four themed lands, including a larger Nintendo Land than in Japan and Hollywood, and a central hub with unique attractions and food service. Universal aims to extend visitor stays in Orlando and is adding 2,000 hotel rooms for Epic, along with unprecedented hotel integration. The park's launch was delayed due to the pandemic. Universal also plans to open a kids' theme park in Texas in 2026 and a Halloween horror experience in Las Vegas in 2025.

via Hollywood Reporter|
#entertainment#expansion-plans#florida
business2 years ago

Buc-ee's Expanding: Find the Nearest Location

Buc-ee's, the popular travel center chain known for its food options and cleanliness, is expanding its locations beyond Texas. The company has announced upcoming openings in Springfield, Missouri; Johnstown, Colorado; Hillsboro, Texas; Smiths Grove, Kentucky; and Boerne, Texas. Additionally, stores are in development in western Ohio, Ocala (Florida), the Treasure Coast, and Anderson (South Carolina). Buc-ee's has a loyal following and offers a variety of snacks that have gained popularity among customers.

via USA TODAY|
#buc-ees#business#expansion-plans
transportation2 years ago

Brightline's $100M Train Maintenance Facility in Orlando Unveiled

Brightline, the Florida-based rail company, opened its new $100 million maintenance facility, "Basecamp," on the grounds of Orlando International Airport. The state-of-the-art complex spans 62 acres and features a number of buildings with 135,000 square feet of space to perform all kinds of repairs and routine servicing of Brightline's vehicles. The facility was built in partnership with the Greater Orlando Aviation Authority. Brightline is currently running test trains ahead of the anticipated launch of long-awaited service to Orlando International Airport later this year. The company is also investing millions of dollars into safety along Florida's east coast.

via The Points Guy|
#brightline#expansion-plans#high-speed-trains