
Why restaurant brands are struggling to find space despite low vacancy
Restaurant brands face a tighter market for new sites than the national vacancy rate suggests, with usable vacancy in growth markets estimated to be 2-3%.
Walgreens is a company in Burnaze's franchise knowledge graph, mentioned since 2016. 36 stories link here, each summarized from the original publisher. Filed under Retail / Specialty retail.

Restaurant brands face a tighter market for new sites than the national vacancy rate suggests, with usable vacancy in growth markets estimated to be 2-3%.

A $51 million refinancing deal has been secured for a grocery-anchored retail center in Maryland, highlighting the value of established multi-unit retail hubs in wealthy demographics.
Coeur d'Alene, ID - Konala has announced strategic partnerships with Citadel Development and Omni Capital Development to support the brand's next phase of growth.

Large-scale closures of bank branches and national drug chains like Rite Aid and Walgreens are creating a massive surplus of vacant multi-unit retail real estate.
Private equity firm Boyne Capital has taken a majority stake in YZY Fragrances, a distributor for major retail chains like CVS, Walgreens, and Walmart.

The pharmacy giant is shuttering a Chicago South Side location following persistent safety challenges and theft rates that significantly exceeded company averages.

Comfort Keepers franchisee Jennifer Bauernfeind combines her passion for helping others with her business expertise to support seniors in Minneapolis.
Steffey started working at Walgreens 17 years ago when he was in college, eventually working his way up to store manager.

DaryRon Steffey, a former Walgreens store manager, transitions into a Seniors Helping Seniors franchise ownership role, leveraging his experience with seniors.
Christian Brothers Automotive has landed in O’Fallon and is set to open for automotive repair and maintenance.

A Comfort Keepers franchisee is expanding their senior services portfolio by opening a TruBlue Home Service Ally franchise in the Minneapolis metro area.

CVS Health has announced layoffs to 5,000 positions as part of a cost-reduction plan as it pushes further into the healthcare industry.
Frankford Candy and Dunkin' team up to introduce new chocolate candies inspired by Dunkin' beverages and donuts, available for a limited time at retailers nationwide.
Asurion Tech Repair & Solutions has opened a new electronics repair shop in Gastonia, North Carolina.
Frankford Candy's Dunkin' Iced Coffee Flavored Jelly Beans are returning this Easter after flying off the shelves last year.

Sylvan Learning franchisee Elizabeth Samartzis grew her business during the pandemic.

Ok Azie and his wife Kathleen open a Right at Home in-home senior care franchise in Florida, leveraging their professional skills and experience.
Hilton is recognized as the #1 Best Big Company to Work For and #3 Best Company to Work For in the U.S., despite the challenges faced by the hospitality industry.
Clarion Pointe reaches a new milestone, opening its 20th hotel in the US and demonstrating strong growth with over 50 hotels open or in the pipeline.
Bojangles named Monica Sauls as the company's first Chief People Officer, effective September 15.
CPR Cell Phone Repair opens a new store in Sioux City, Iowa, expanding its network of mobile repair stores.

Frances Allen, CEO of Checkers & Rally's, discusses how the brand has adapted to the COVID-19 pandemic.
Wyndham Hotels & Resorts partners with leading organizations to offer alternative employment opportunities to affected team members during the COVID-19 pandemic.
Hilton Worldwide Holdings Inc. takes decisive action to protect its business and support affected Team Members during the COVID-19 pandemic, including reducing expenses and preserving liquidity.