Store openings up by 30 in past three months: report
The report showed 60 shops opened whilst 30 stores closed.
The expansion of fast food and quick service sector growth in the last three months ending on 30 June 2022, resulted in a net change of 30, showed a report from GapMaps, a cloud-based location intelligence business.
The report, which tracked 28 brands in over 6,734 locations, revealed that 60 branches opened whilst 30 stores shuttered in the past three months.
Amongst these brands, Domino’s Pizza (+13) and Guzman Y Gomez (+9) were at the top for openings whilst Mad Mex (-4) and Subway (-3) recorded the most number of closures.
At a state level, Victoria led the shop openings with 21 whilst New South Wales and Queensland both posted the most closures with eight each.
Over the past 12 months to 30 June 2022, the tracked brands opened 275 stores and shuttered 119 shops.
For this period, McDonald's (31), KFC (26), Sushi Hub (23), and Domino's (21) had the most openings whilst Subway, Pizza Hut, and Nando’s recorded the most decline.
The report also indicated that Domino's Pizza more than doubled any other brand's growth over the past three months.
On per city level, Melbourne posted the most net store growth with 47, followed by Perth with 20, Brisbane with 19, and Sydney with 17.
Brands with the most stores per million residents are Subway (47.6), McDonalds (40.5), Dominos (28.7), and KFC (28.5).
Zambrero's have notable concentrations of networks in the ACT with 32.4 stores per million residents v brand average of 7.7 whilst Sushi Train has high network concentrations in Gold Coast with 21 stores per million residents, and Cairns with 25.7 stores per million residents.
