The McDonald’s Corporation has announced plans to build a series of restaurants in Texas and most likely eventually other states that will be less food destinations and more along the lines of a coffee shop. What is being called CosMc’s will offer a variety of such coffee products as turmeric-spiced lattes, churro frappes, and cappuccinos, in what industry analysts say is the company’s direct challenge to giant Starbucks, which currently has more than 16,000 stores in the U.S. The new CosMc’s stores, which will also feature sandwiches and a variety of desserts, will be built as only drive-up locations, with no seating space. In an interview with USA Today, Christopher Kempczinski, McDonald’s chief executive officer, said the new stores will be distinguished by featuring a “small format concept with all the DNA of McDonald’s, but its own unique personality.” The company has already opened one location in Bolingbrook, Illinois, and announced plans to soon open ten other pilot stores in the Dallas and San Antonio metro areas. Based in Chicago, McDonald’s is the largest fast food restaurant chain in the world, with around 40,000 locations globally. Founded in 1940, the company saw revenues in excess of $23 billion last year, up from $19 billion in the pandemic year of 2020. The company has said that it plans to build another 10,000 standard McDonald's locations in the U.S. and internationally by 2027. By Garry Boulard
0 Comments
Your comment will be posted after it is approved.
Leave a Reply. |
Get stories like these right to your inbox.
|