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Domino opens its 16,000 store



It still tracks Pizza Hut, which has more than 18,000 locations. But Dominos' dwarf rivals Papa John's, who only has about a third as many stores.

Domino's ( DPZ ) has quickly added stores – 4,800 since 2014 – and plans to add thousands more stores as the battle for The pizzas are heated. Despite campaigns, investments in new technology and marketing flash, Dominos sales have underpinned Wall Street investors in recent quarters.

The competition between Domino's, Pizza Hut and Papa John's is fierce, and the worse than expected sales show how Domino is aiming to become competitive.

Dominos stocks have fallen 1
6% over the past six months. In contrast, Papa Johns ( PZZA ) share fell only 6% over the same period, despite all its scandals. Yum Brands ( YUM ) who owns KFC and Taco Bell in addition to Pizza Hut, has increased 10% over the past six months.
To better compete, Domino's announced another major US expansion last year, and plans to add an additional 2350 stores in the US by 2028. Prior to the expansion, the pizza company invests between $ 115 million and $ 120 million in the supply chain
  Dominos 16,000. shop is located in a suburb of Buffalo.

The 16,000 Domino is in Cheektowaga, New York, a suburb of Buffalo. The company will host a tape-cutting ceremony, and the franchise owner will present a $ 16,000 donation to the Cystic Fibrosis Foundation in honor of the 16000th store.

"This is an incredible landmark for Domino, and I'm beyond the thrill of Cheektowaga," said Ritch Allison, Domino's CEO, in a statement.

For perspective, the 7-Eleven store with the largest global footprint – has more than 60,000 stores. McDonald's has more than 37,000, and Starbucks has nearly 30,000.

Allan Erwin, owner of Cheektowaga Domino's franchise, started his Domino career in 1993 as a delivery driver. He bought his first store in 1998 and now owns 37 franchises. Domino says more than 90% of US franchisees started out as delivery drivers or pizza makers at the company.


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