Domino’s, a chain of pizza restaurants in North America, offers delivery and carryout. Its franchisees own and operate individual stores. The company has been in business since 1984, and it currently has more than 4,000 locations. Its corporate headquarters are in Ann Arbor, Michigan. In addition to the traditional brick-and-mortar outlets, the company operates several online stores and a call center. Domino’s has also created a fleet of autonomous pizza robots that can deliver orders within one mile of a store.
Domino’s was founded in 1984 by brothers Tom and James Monaghan. The company was originally based in the Detroit suburb of Warren, Michigan. The business struggled to thrive in its early years, and the family had to sell their original shares of the company in order to keep it afloat. In 1989, the company reorganized and went public, giving shareholders a stake in the new organization. The company also hired new managers, and it began opening more locations. The new management team focused on improving the company’s financial performance and customer service. This approach proved successful, and Domino’s grew rapidly from its initial public offering in 1989 to over $800 million in annual sales by the end of 1996.
The company continued to grow in the years that followed, and it became the largest pizza chain in the world. Its stock price rose from $28 per share in 1996 to more than $360 in 2001. After the market crash in 2002, Domino’s stock price fell to below $50 per share before rebounding. Its shares climbed to more than $150 in 2007.
In 2010, the company began opening stores in rural areas and experimenting with delivery services. It also created a partnership with Starship Technologies to develop pizza-delivering robots. The robots were tested in a small number of markets, and they generated much publicity. The concept was later abandoned, however, and the company returned to its core strategy of selling pizzas from its own stores.
The company continues to invest in its technology and expand internationally. Its delivery systems allow customers to track their orders on a smartphone app. The company also offers a loyalty program called Domino’s Rewards that allows users to earn points on every purchase and redeem them for free pizza.
Domino’s has a long history of charitable efforts, including donating to schools and food banks. It also supports programs that help homeless people and veterans. In 2017, the company announced a partnership with the American Red Cross to provide aid in the aftermath of natural disasters. The partnership is expected to result in a significant increase in donations.