Restaurant News Roundup, 04/24/2023

A national movement is building at both the federal and local level to change the restaurant industry’s approach to single-use plastics and disposables as part of an effort to reduce plastic waste.  Read more here: https://www.nrn.com/operations/how-food-delivery-changing-become-more-sustainable   Sandwich chain Subway says same-store sales grew by 12.1% in the first quarter […]

Restaurant News Roundup, 02/14/2023

Subway says it is considering a potential sale of the company.  Tuesday’s announcement comes after weeks of rumors about the future of the sandwich chain.  Read more here: https://www.nrn.com/news/subway-announces-potential-sale-company   Mixed picture in latest jobs report, but good news in the hiring upsurge of restaurant and bar workers.  Read more […]

Restaurant News Roundup, 7/17/2019

Chipotle and Shake Shack stocks up by more than 60% so far this year, the two top performers in the restaurant industry where overall stocks are up just 11% because of weak sales and higher labor costs.  Read more here: https://www.restaurantbusinessonline.com/financing/chipotle-shake-shack-lead-restaurant-stocks   Subway is expected to provide franchisees with more than […]

Restaurant News Roundup, 7/5/2019

Hooters of America has been sold – Nord Bay Capital and TriArtisan Capital Advisors now own the more than 438 restaurants in the U.S. and 26 other countries that features servers wearing skin tight shirts and short shorts.   Read more here: https://www.restaurantbusinessonline.com/financing/hooters-america-has-been-sold   New York Times exposes wrong-doing against […]

Restaurant News Roundup: Endangered Chains, Labor Shortage, Subway Struggles

  Rising labor costs, changing millennial preferences are crippling restaurant chains like TGI Fridays, Applebee’s, Buffalo Wild Wings and Chili’s.  Those concepts appeal to baby boomers, according to the Business Insider, but for millennials…..not so much.  Read more here: http://www.businessinsider.com/fast-food-heading-for-crisis-2018-5 A shortage of teenage workers is hurting the fast food industry. […]

Restaurant News Roundup: Dark Clouds at Subway & Papa John’s, Trump Tax Bill Praised

  Subway reported to be in serious trouble as over 900 of its sandwich stores close in 2017 because of changing consumer tastes.  Read more here: http://www.businessinsider.com/subways-closes-stores-spirals-downwards-2017-12   Papa John’s stock price continues to drop despite the outspoken founder’s decision to step down in the wake of the NFL controversy.  Read […]

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