New Zealand Mid-Year Retail Network Reports: 53 Fast Food store openings over the past 12 months, but closures continue
GapMaps, a cloud-based location intelligence platform, has released its New Zealand mid-year Fast Food & Quick Service Restaurant (QSR) report, which provides valuable insights on the number of store openings and closures across 18 leading brands over the 12 months to June 30, 2022.
Tracking 18 brands in 1,443 locations, the report shows 53 stores opened and 38 stores closed across the 12-month period.
“In the reporting period we saw modest growth with a net increase of 15 stores after taking into account openings and closures we’ve observed over the past 12 months,” said Scott Johnson, Senior Analyst, GapMaps.
“In the reporting period we saw modest growth, with a net increase of 53 new stores opened across 18 leading brands,” said Scott Johnson, Senior Analyst, GapMaps. “At the same time, we also observed the closure of 38 stores.”
Thirty-six of the store openings occurred in the six months to 30 June 2022, of which 11 were in the final quarter. The store openings were spread across a number of brands with Tank Juice the highest with 10 stores, followed by Burger King, Domino’s, Subway all with five each.
Twenty-four of the store closures occurred in the six months to 30 June 2022, of which 11 were in the final quarter. Of the closures, Pita Pit recorded 10, followed by Burger King with eight and Nando’s with seven. Subway, McDonalds and Carl’s Junior all recorded three closures.
Whangarei accounted for the highest net growth of five stores, whilst Subway had the highest concentration of stores per million residents nationally.
Health & Fitness
GapMaps also released a report for New Zealand’s Health & Fitness sector, over the same reporting period.
“Again, we saw modest growth with a net increase of 10 locations with 13 openings and 3 closures across eight leading brands,” said Scott Johnson, Senior Analyst, GapMaps.
The openings were spread across six of the brands tracked. F45 Training led with four, followed by Flex Fitness with three, Anytime Fitness and Curves two each, and a single centre for Jetts Fitness and City Fitness. Of the closures, all three were Curves and occurred in the six months to 30 June.
“Both reports provide brands with unique insights and key trends into the changing competitor landscape in their respective sectors over the past year,” adds Johnson.
“Our ability to use a range of data points to represent the most up-to-date view of physical network locations in New Zealand is helping retailers and other brands make better location decisions at a time when new working arrangements, such as hybrid, are having an impact on population habits and movements.”
Each of the reports are available to download: