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