Restaurant News Roundup: Applebee’s, Big-Name Chefs, Surcharges

Applebee’s parent company is closing up to 60 restaurants as the chain suffers from an industry-wide slowdown that some analysts fear could be the start of a restaurant recession. http://www.businessinsider.com/applebees-restaurants-are-disappearing-across-the-us-2017-3 Boutique hotels signing up big-name chefs as a way to gain recognition. Read more here: https://www.nytimes.com/2017/03/07/dining/hotels-restaurants-big-name-chefs.html?_r=0 Restaurants imposing surcharges to offset […]

Restaurant News Roundup: Burger King’s Whopper, Trump Immigration Impact

Burger King owner, Restaurant Brands, buys Popeyes for $1.8 billion, putting Restaurant Brands in a good position to take on McDonald’s, Wendy’s and other fast food chains. Read more here: http://money.cnn.com/2017/02/21/investing/restaurant-brands-burger-king-popeyes-acquisition/ Restaurants, bars and hotels brace themselves for further enforcement of US immigration laws by the Trump administration. Read more […]

Restaurant News Roundup: Customers, Mexico, Diversity

Global information research group releases study on ways to increase traffic at restaurants. One of its findings: consumers think restaurant prices are too high, so they stay away or cut back on eating out. Read more here: https://www.qsrmagazine.com/news/new-path-increasing-restaurant-business Trump’s Mexico policy could spell trouble for restaurant chains like Chipotle that […]

Restaurant News Roundup – Generation Z, 2017 Outlook, Prices

Move over millennials, generation Z is now starting to make its restaurant preferences felt. What do those born after 1996 and coming of age now want? No nuggets! Find out more by reading here: Click Here to Read More. While 2017 is expected to be a difficult year for restaurants, […]

Restaurant News Roundup: Stocks, Chains & Dating

Papa John’s, with a 62% increase in its stock price, and Domino’s with a 45% gain, were among the top fast food stocks to buy in 2016. A Fox Business article says the two pizza chains were immune to factors causing a slowdown for other fast food chains during the […]

Restaurant News Roundup, 12/3/16

Fast Casual restaurants like Panera account for just under 8% of the restaurant industry, but are poised to grow more if they can continue to make inroads into the fast food business.  Read more here: http://www.foxbusiness.com/markets/2016/12/03/5-fast-casual-stats-that-will-blow-away.html   Restaurants can benefit from SMS marketing, just follow the example of Texas Roadhouse […]

Restaurant News Roundup, 11/20/2016

Restaurant company stocks are up since the election of Donald Trump, with chains like Papa John’s and Domino’s soaring high.  Read more here: http://nrn.com/blog/restaurants-ride-trump-rally   Mixed reaction in the restaurant industry to Trump’s election victory, though most agree that an increase in the federal minimum wage is unlikely in a […]

Restaurant News Roundup, 11/2/16

Moody’s predicts it will be harder for restaurants especially fast casual eateries like Applebee’s to increase earnings over the next year, downgrading its outlook for the restaurant industry to “stable” from “positive” in its latest report.  Read more here: http://blogs.barrons.com/incomeinvesting/2016/11/02/moodys-lowers-its-outlook-on-restaurant-industry/ Celebrity chef Anthony Bourdain calls for providing a living wage […]

Restaurant News Roundup, 10/24/2016

Study finds that turnover rates at the management and hourly levels in the restaurant industry continue to rise, with management turnover at its highest level in 10 years. Read more here: http://hospitalitytechnology.edgl.com/news/Data-Reveals-Slow-Job-Growth-in-Restaurant-Industry107505 Burger King reports better-than-expected third quarter sales, but the increase is far below last year’s numbers. Restaurant Brands […]

Restaurant News Roundup, 10/14/16

Prices at restaurants are rising despite lower food costs nationwide. Taxes, rental and labor costs are a big part of restaurant expenditures, outweighing the positive impact of lower food prices. Read more here: https://www.bostonglobe.com/business/2016/10/12/food-prices-are-dropping-but-restaurant-prices-aren/zyRx7yABlUbq6msrqg1vFM/story.html Big dip in stock prices for Panera Bread, Texas Roadhouse and BJ’s in September, reflecting an […]

Restaurant News Roundup, 10/5/16

Chick-fil-A beats Kentucky Fried Chicken, selling on average almost four times as much fried chicken in its eateries than KFC. Read more here: http://www.businessinsider.com/why-chick-fil-a-is-so-successful-2016-10 “We could use some inventory to come out,” says Darden CEO Gene Lee referring to the need for some bloodletting in the restaurant industry to make […]

Restaurant News Roundup, 9/18/16

Credit card spending data show more Americans are choosing to eat at local restaurants or small chains like Shake Shack instead of large ones like Olive Garden. Read more here: http://www.businessinsider.com/americans-ditching-big-restaurant-chains-and-eating-local-2016-9 Research firm says the lunch trade is falling because of higher menu prices as customers opt for brown-bagging lunch […]

Restaurant News Roundup, 7/31/16

Can Pokemon Go drive restaurant traffic? An article citing social media reports says players are choosing restaurants based on the availability of the virtual reality Pokemon characters. Read more here: http://www.businessinsider.com/pokemon-go-is-impacting-restaurant-strategy-2016-7 Some New York City pizzerias cash in on the Pokemon Go craze. Read more here: http://nypost.com/2016/07/12/pokemania-runs-wild-through-city-causing-crime-accidents/ Chipotle continues to […]

Restaurant News Roundup, 7/4/16

Industry research firm says restaurant sales are virtually flat and are expected to remain weak for the rest of the year. The cause? Uncertainty over the presidential election, according to one analyst. Read more here: http://www.businessinsider.com/people-are-spending-less-at-restaurants-and-its-terrifying-news-for-the-economy-2016-6 Jim Cramer of Mad Money assesses the stock performance of six restaurant chains, giving thumbs […]

Restaurant News Roundup, 6/23/16

Grocery stores offering fresh, restaurant-quality prepared foods are attracting more business, especially from millennials, according to a research industry firm. Read more about the rise of so-called “grocerants” here: http://www.businessinsider.com/millennials-are-abandoning-restaurants-2016-6 These five online sites will help restaurant owners keep on top of the latest trends reflecting customer needs and wants. […]

Restaurant News Roundup, 7/21/16

Barnes and Noble is experimenting with expanding its food and drink offerings in its bookstores. It’s now testing the market at four stores, including one in Eastchester, New York and another in Loudon County, Virginia. Read more here: http://www.thedailymeal.com/news/eat/barnes-and-noble-enter-restaurant-industry/070516   Article offers advice on how to better market your restaurant […]

Restaurant News Roundup, 6/7/16

  Restaurant operators are feeling optimistic about the economy this year and believe there will be expanding opportunities in the industry, according to an American Express survey. A recent survey shows McDonald’s and Burger King are the most disliked fast-food eateries in America. Read more here: http://www.businessinsider.com/most-hated-fast-food-restaurants-mcdonalds-burger-king-chick-fil-a-kfc-2016-5 Amazon has launched […]

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