7-Eleven added 2,200 stores in 2020, ranking first among the top 10 unit growers in the newly released Franchise Times Top 400. It’s a remarkable showing in the year of the pandemic.
Ace Hardware grew system sales by $3.58 billion in 2020 from the year before, a notable increase in any year but especially during the COVID-19 pandemic. Ace ranks No. 1 in largest sales growth by dollars on the newly released Franchise Times Top 400 list. See all of the top 10 franchises here.
Drew Kellogg and Stacie Colburn Hayes didn’t know it at the time, but they were each other’s references for jobs at Oath Pizza as both saw an opportunity to make a move from Chipotle Mexican Grill, which at the time had about 2,000 units, to an upstart concept with plenty of potential.
Who could’ve guessed home service brands would grow during a year with a pandemic and stay-at-home orders? The category comprised $8.4 billion in total sales in 2020, up 5.6 percent from 2019, according to Franchise Times Top 400 research. As everyone rushed to spruce up their patios and hom…
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Minnesota-based Caribou Coffee is expanding via franchising in the U.S. for the first time. The 718-unit chain announced the debut of its domestic franchise program on October 11, but Caribou CEO John Butcher said “it’s been on our roadmap for quite some time now.” The brand filed its franch…
Businesses are adopting cryptocurrency at a rapid pace. Tesla, the world’s most valuable automaker, purchased more than $1 billion worth of Bitcoin in February 2021, and according to CEO Elon Musk’s Twitter account, the company still holds most of it. Square, a leading digital payments proce…
Even though federal data showed Americans drove 13 percent fewer miles in 2020, they still took care of their vehicles, as evidenced by the uptick in sales for automotive aftermarket franchises. The 1.3 percent increase overall, to $12.8 billion, however, is a marked slowdown from the 7.8 pe…
800 Degrees Woodfired Pizza is launching a franchise program with a robotic twist. Scott Berkowitz, the company’s chief development officer, said franchisees will have the opportunity to set up a network of pizza-making robots in the area around their restaurants.
Despite fast-food and fast-casual concepts with drive-thrus generally being touted as the “winners” of the pandemic, that didn’t necessarily translate to outstanding growth for all brands across the board in 2020. The Mexican restaurant category accounted for $15.6 billion in total sales las…
Two Chick-fil-A customers are suing the chain over its “deceptive and untruthful promises” of flat, low-cost meal delivery. The complaint alleges that, in addition to the delivery fees, usually $2.99 or $3.99, the chain “secretly marks up food prices for delivery orders by a hefty 25-30 perc…
Grammy Award-winning rapper Megan Thee Stallion signed a franchise development agreement with Popeyes Louisiana …
The successful launch since March 2019 of eight “Evolution” stores by 7-Eleven is leading to a major push into q…
A drive-thru coffee concept that’s been quietly growing locations—and sales—in the southeast is turning its atte…
The newly released Franchise Times Top 400 ranking illustrates in stark detail the impact COVID-19 pandemic shut…
Transblue, a national construction franchise, recently won a large national contract with Walmart to provide sno…
Bertus Albertse, a lifelong athlete and serial entrepreneur, was named president of Jabz Boxing on September 22.…
There’s just something about lukewarm hollandaise sauce on a quickly cooling plate of eggs Benedict that isn’t a…
Slow to rise after being hit hard by COVID-19, sales for the bakery, café and deli segment dropped 12.5 percent …
McDonald's posted $93.3 billion in system sales in 2020, down 6.8 percent from the year before, and retained fir…
Resources
The Franchise Times Restaurant 200 list of the top 200 restaurant franchisees.
Looking for a great franchise attorney? Look no further than the Franchise Times Legal Eagles. After a year of chaos and uncertainty, these exceptional professionals are more necessary than ever.
