Dominos is a public Pizzerias company which is traded on NYSE. It was founded on 10th June'1960 at Michigan, US. The founders of Dominos are Tom Monahan and James Monaghan. Its headquarter are at the same location where it was founded and serving its services worldwide. J. Patrick Doyal is the Chief Executive Officer appointed. Dominos products include Italian American Cuisine, Pizza Pasta, Chicken cuisine, Submarine, Sandwiches, wraps, and desserts. It recorded a revenue of $2.216 million USD in 2016. Their slogan is Oh yes we did.
It is the second largest pizza restaurant chain in America after Pizza hut operating in almost 81 countries. In 1960, Tom and James started a small shop near the Eastern Michigan University. They had borrowed $900 USD to purchase a store which was offered at $600 USD. One of the brothers was working as a post man and he did not want to quit his job so as to keep the business running. 1965 was the year when they purchased two additional stores to provide their services. Their initial name of the company was DomiNick which they were thinking to alter but one day a pizza delivery boy returned and suggested them the name to be Dominos which was immediately adopted.
Initially, the logo of Dominos had three dots representing the three stores within the same country. They were of the thinking to add the new dot at every opening of new store but the idea immediately failed as Dominos experienced rapid growth thereafter. They opened a first franchise location in 1967.
By the end of the year 1968, Dominos expanded to 200 stores across the country. In 1975, the sugar maker of Dominos filed a suit against them regarding trademark issues and unfair practices but in 1980, on the fifth appeal, the court gave the decision in Dominos favor.
They expanded their business at international levels too. At China, the traditional system failed but they continued to their old pizza flavor and in order to promote 30 minutes delivery system was initiated. In 1998, Tom sold the company's 93% share to Brain Capital, Inc. Within a year David A Brandon was named as its CEO.
In 2004, the company listed themselves at the New York Stock Exchange and traded theirs as DPZ. They started a Magazine named Pizza Times. Also, they opened the 5000th store in 2006 at Huntley, Illinois, and 3000th stores at Panama City, Panama. The Dublin store created a record of making a turnover of $3 million USD. As of 2006, Dominos has 8300+ stores across the globe. In 2007, Dominos came out with its online sites and mobile ordering channels. Also in 2008, they introduced a pizza tracker which enables the customer to keep a view of their order. The first dining room pizza was started in Texas that allows customers to either eat at their or take it to home. 2015 was the year of introduction of Delivery car that had the efficiency to carry 80 pizzas along with soda and dipping sauces. In 2012 the name Dominos Pizza was changed to only Domino's to an emphasis on their various varieties.