model for india and operates stores that are less than 1500 sq ft in area compared to about 2500 sq ft earlier it is now ready to open four stores in the next couple of monthsour strategy is very different and is to go very slow in all markets unless the unit economics work out our opinion is that there is no point in expanding said jasper reid director at wendys jamie oliver restaurants we generally work on the right model by trying a few different formats sometimes they work and sometimes they dont and you basically use the first 23 years for that experience i dont care if it takes me four years to work out a format india is a 1020 year gameone major factor that affected restaurants was the scrapping of input tax credit which accompanied the cut in gst to 5 from 18 in november last year the rollback of input tax credit led to an almost overnight 18 increase on all capital expenses and rentals since all our investments have been only by internal accruals our growth plans are on hold said rohan jetley ceo at tgi fridays india which shut three of its 12 stores in the countrythe situation in the long term looks unsustainable as of now our international partners are apprehensive this is the first time in 23 years that we have had to shut down three stores back to back tgi fridays stores one each in new delhi gurugram and bengaluru have been closed and the company had to let go 150 employees including kitchen staffreid of wendys said all these measures and increasing competition made business tougher in the past 510 years if we wind the clock back five years qsrs would do an average business of 3035 lakh a month per store give or take he said business is currently down to rs 2025 lakh per store the number of dunkin donuts stores fell to 37 at the end of 201718 from 63 at the start of fy18 according to the companys earnings statement jubilant foodworks ceo pratik pota said the companys losses halved after shutting down the unprofitable storesjubilant foodworks reported a 10fold increase in standalone net profit to 68 crore in the januarymarch quarter pota said in the earnings statement that the strong performance in q4 of fy18 was driven by product upgrades traction of everyday value pricing and a sharp focus on digital sales by ratna bhushan rasul bailay et bureau published on may 22 2018 at 0813 am ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals