Domino's CEO Builds Pressure To Open 25,000 Stores by 2025

Domino's CEO targets 25,000 total units by 2025, aiming to fortress markets and protect against emerging competitors.

Read the original at 1851 Franchise
Domino's CEO Builds Pressure To Open 25,000 Stores by 2025

TL;DR

Domino's CEO Ritch Allison aims to expand the brand to 25,000 total units by 2025 to fortress markets and protect against emerging competitors. The aggressive growth plan involves opening nearly 10,000 more locations in over 85 markets without using third-party delivery services.

Well-known pizza brand Domino’s is targeting a footprint expansion translating to 25,000 total units by 2025, according to an article on CNBC . According to the article, CEO Ritch Allison said, “It’s all part of our strategy to fortress the markets that we operate in, which brings a lot of benefits. [...] We have to bring these territories down tighter to accomplish our objectives and to protect ourselves against this new emerging set of competitors.”

The announcement comes on the same day that Nation’s Restaurant News reported that same-store sales growth for the world’s second largest pizzeria chain slowed in Q1 of this year: “ 3.9% gain capped a 32-quarter growth streak, but was the smallest increase in more than three years ,” the article said.

Domino’s aggressive growth plan would translate to “nearly 10,000 more locations in addition to its existing pizza joints in more than 85 markets,” according to CNBC. That growth, it should be noted, is planned without the help of third-party delivery services despite their increasing encroachment in the QSR space. “As more brands like McDonald’s , Starbucks and Chipotle partner with third-party delivery services to grow their customer bases, Domino’s is determined not to outsource to platforms such as Uber Eats and DoorDash,” the article said.

Katie LaTour is a staff writer for 1851 Franchise and Estatenvy. She has experience in copywriting, editing and translation, and has written content for brands including Coca-Cola, Ivivva and Ray Ban's. She holds a Master of Arts in Writing and Publishing from DePaul University and a B.A. in English and Spanish from the University of Dayton. Presently, Katie is working on a poetry collection and building a platform for Chicago creative professionals to share best practices.

In this story

This story was originally published in 1851 Franchise on April 26, 2019. Burnaze summarizes and links to the original reporting.

Read the full story at 1851 Franchise

Liked this? Get the week's franchise news, explained

  • Sunday 8 AM ET weekly + a monthly deep dive
  • Sections picked for the industries you follow
  • Every claim linked to its source. Free.

Free. We'll ask you to confirm. Unsubscribe anytime.