Retail

Franchising industry expects rebound if Covid under control

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A worker puts pepperoni on a pizza inside a Domino’s Pizza franchise in New York.

Daniel Acker | Bloomberg | Getty Images

After a year marked by business closures, disruptions and unprecedented challenges, the franchising industry is poised to bounce back to pre-pandemic levels by year’s end if Covid-19 is controlled, according to an upcoming report.

In its annual economic outlook, the International Franchise Association is estimating more than 26,000 franchised locations will be added, or a gain of 3.5% to over 780,000 establishments. The additions would help offset last year’s declines.

In addition, franchise employment is set to rise more than 10% to nearly 8.3 million workers, the group…



Source cnbc.com

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