Fast food chain McDonald’s set to open up 1000 more stores by end of year
Tuesday, January 27, 2009 American fast food chain McDonald’s is set to open up 1000 more stores during 2009 as part of its expected capital spending of US$2.1 billion. While global same-store sales rose 7.2%, revenue fell marginally, due to the strong US dollar. McDonald’s net income fell 23% from US$1.27 billion to $985.4 million. …