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Vietnamese coffee chain has designs on the U.S.

TNI King Coffee has opened its first U.S. store, at Anaheim Garden Walk, an outdoor retail and entertainment center in Anaheim, Calif. The company plans to open an additional 20 U.S. locations this year, and 100 stores by 2022 through franchising. King Coffee is also targeting growth in Europe, China and many other global markets.

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Store closures decline for the first time in 2021

For the first time in 2021, store closures have declined year over year, according to an emailed report from Coresight Research. The firm tracked 4,626 closures so far this year, 5.7% fewer than last