Wednesday, April 20, 2016

Shake Shack's Avid Growth Plans Hampered by Weak Locations

Image result for shake shackShake Shack Inc., which has tantalized investors with promises of rapid growth, may have its expansion plans hindered by weaker real estate skills.

The burger chain doesn’t have the management experience or information needed to pick prime locations, according to a Bloomberg Intelligence study from analytics provider Fishbowl. Newer Shake Shack locations were in areas that scored lower on out-of-home food spending and households per restaurant, potentially hindering their success. The weaker site selection may put the company’s relatively high $5 million annual average restaurant sales at risk.. . . more

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