By: Business Mirror
With the transition of Luzon and many regions into less restrictive quarantine levels, Eight-8-Ate Holdings Inc. will be reopening more Wendy’s, Conti’s Bakeshop and Restaurant, and FamilyMart by the week of May 18. Eight-8-Ate is a subsidiary of Udenna Corp., owned by Davao businessman Dennis Uy.
In a Webinar on Rebooting in the New Normal: Impact, Insights and Innovations in Restaurants hosted by Enderun Colleges, also owned by Udenna, Eight-8-Ate President and CEO Joey Garcia said, “Right now, we’re operating close to about 35 stores, we have 50 plus in total. So that’s almost half [of the total]. Next week, we should be very close to that when malls will reopen. There will be more when provincial stores in Pampanga reopen. And so I’m gonna say that more than about 70 percent of our stores will be open next week.”
But he was quick to add that not all stores will reopen, as they study the revenue generation capability of these stores. “What we did is we simulate the revenue target if we open a store. We need to make sure it generates this revenue. If it doesn’t generate this revenue target, if we cannot generate for a week that sales average that we’re targeting, we will not continue to operate. We will close it.”
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