Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Yum! Brands, Inc. (NYSE:YUM) and its Taco Bell brand announced Thursday a plan to test what it calls "fast social" restaurants as part of a longer-term goal of becoming a $20 billion brand with 10,000 stores worldwide.
What Happened
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Taco Bell's roots trace back to being a "staple in suburban communities" and the company started expanding to urban areas in 2015 through its "Cantina" stores. The more modern and upscale store format includes kiosks and digital menu boards and some locations serve alcohol.
On Thursday the company said it is ready to take its stores to the next level with a focus on social.
Taco Bell President and Global Chief Operating Officer Mike Grams says in the press release customers want to "engage with the brand in a way that amplifies their social nature." The company's new "fast social" concept will emphasize "dynamic dining rooms and lean into social gatherings."
Why It's Important
FREE REPORT: How To Learn Options Trading Fast
In this special report, you will learn the four best strategies for trading options, how to stay safe as a complete beginner, a 411% trade case study, PLUS how to access two new potential winning options trades starting today.Claim Your Free Report Here.
The "fast-social" stores will emphasize "the most technology-forward" concepts that provide for a smooth ordering experience and "showcases digital moments throughout the restaurant," the company said. Other ideas and concepts include restaurants that focus on gaming where consumers will be able to play video games and eat their favorite Taco Bell items at the same time.
What's Next
Taco Bell's first new concept restaurant will open this fall near Times Square in New York City. The gaming-themed location will open prior to the end of the third quarter.
Related Links
Attention Taco Bell Lovers: Nacho Fries Just Got Better
Yum Brands, Taco Bell Take Steps To Bolster Business
Photo by Victor Garcia on Unsplash
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.