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New Stores

All articles tagged with #new stores

business2 years ago

Chipotle's Earnings and Pricing Strategy Drive Growth

Chipotle Mexican Grill reported better-than-expected Q1 profits and sales, driven by higher menu prices, 41 new restaurant openings, and some recovery among lower-income customers. The company expects mid-to-high single-digit comparable sales growth in Q2 and full year. Chipotle's base of higher-income customers were eating its bowls and burritos more often, while lower-income customers were also eating at Chipotle more often after a pullback. The company's menu prices were about 10% higher in Q1 versus last year, but they will be only about 5% higher in Q2 as previous price hikes roll off.

business2 years ago

Haywood Mall to Welcome New Stores and Restaurants.

Haywood Mall in South Carolina is set to welcome new stores, including a Brazilian-American steakhouse, Video Game World, Mochimee, Tempur-Pedic, and Mrs. Fields. The mall will also have a new Garage store opening in winter 2023. These new stores will add to the mall's current roster of over 120 stores, many of which are the first of their kind to open in the state.