11-17 news: McDonald's positioning self for global economic recovery
The corporation plans to open about 1,000 new restaurants and remodel 2,300 existing ones around the world next year, executives told analysts gathered at its headquarters in Oak Brook, Ill., Thursday.
The restaurant industry overall has been losing customers throughout the economic downturn, but McDonald’s has managed to grow and gain market share. However, rising unemployment has had a damping effect, with same-store sales at McDonald’s U.S. restaurants flat last month, compared with 5.3 percent growth in October 2008.