BRAND-NEW YORK (Reuters) – Prime stores left empty by failed companies.
As the coronavirus permanently shutters some small companies, big fast-food brand names like Domino’s Pizza, Chipotle and Wendy’s that were doing well prior to the crisis wish to grow – or continue pre-existing growth strategies – after the pandemic subsides.
David Deno, president of Wilderness Steakhouse moms and dad company Bloomin’ Brands, told Reuters in an interview that “I do not indicate to want ill on any person, but there’s going to be real estate opportunities,” for new stores or relocations to locations with “better visibility, much better gain access to and much better parking.”
Chipotle Mexican Grill Inc, Taco Bell owner Yum! Brands Inc, and Domino’s Pizza Inc are among numerous home names preparing post-pandemic development, according to their CEOs.
” Brands that are succeeding in this environment must have an opportunity to broaden their footprint,” said David Gibbs, Yum president, in a revenues contact late April. “There’s no factor to believe that this brand name … is not going to be a development business long term. And unit advancement is a big part of that.”
In the month of April, retail properties collected less rent than