Today in restaurant and grocery news, The Fresh Market is looking toward prepared meals to help the company succeed on the public market, while Domino’s reflects on which businesses are thriving in today’s growing pizza market and which are falling by the wayside. Plus, the CEO of Ollie Order spoke with PYMNTS about how digitization can help B2B commerce in the alcoholic beverage arena.
The Fresh Market, a specialty grocery chain with 159 locations in 22 states, is going public after five years of operating as a private company. Official word of the company’s preparations for its initial public offering (IPO) first got out in March, when the company announced that it had submitted a draft registration statement with the United States Securities and Exchange Commission (SEC). Now, the company is going ahead with it.
It is a good time to be a major multinational pizza chain — not as great a time to be a small, independent pizzeria. Domino’s Pizza, the world’s largest pizza chain (by sales) with 18,000+ stores in 90 countries, announced Thursday (July 22) that same-store sales grew 3.5 percent during the second quarter of 2021. This marks 41 consecutive quarters of overall same-store sales increases for the chain, and 110 of international increases, amid industry-wide sales growth.
B2B commerce in the alcoholic beverage arena across the U.S. and Canada is a complex and multifaceted landscape. Ryan Wilson, founder and CEO of Ollie Order, spoke with PYMNTS about how regulations impact the way B2B payments are made in the alcoholic beverages industry in Canada and the U.S. and how digitization helps.