Tim Horton's (Canada) Plans 900 Store Development
08 Mar 2010 - Tim Horton’s is preparing to test drive a new upscale restaurant format in the United States and broaden its North American product line as part of a three-year expansion plan that will include the opening of about 900 new stores. Canada will have 600 new stores, with the majority in Quebec, Western Canada and major urban locations, bringing the national total to about 3,600.
Of the chain's existing stores, 60 will be converted to include the Cold Stone Creamery concept in partnership with an American ice cream chain, with plans to co-brand stores in the US. In Canada, 13 locations sell the product, two in Toronto. In the U.S., 300 new stores will open, primarily in markets in New York, Ohio and Michigan. Of the existing 563 locations, 10 will be revamped as part of a pilot project for upscale locations, featuring "enhanced finishes, fixtures and seating areas." The fireplace was part of a design shown to investors during a presentation Friday.
The restaurant operator says it plans to spend $180 million to $200 million this year to support its growth initiatives and expects the expansion will be completed by 2013.
TheStar
