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Restaurant News Roundup: 2nd Quarter Sales, Casual Dining Decline, Whole Foods Eateries

Wall Street analysts say restaurant sales are up in the second quarter, helped by boost in the fast food industry, especially burgers.  Read more here: http://www.cnbc.com/2017/06/05/restaurant-sales-gain-ground-in-second-quarter-big-boost-in-burgers.html   Millennials have abandoned casual dining eateries like Applebee’s and Ruby Tuesday, causing sales to slump and dozens of restaurants to close.  Read more here: http://www.businessinsider.com/millennials-endanger-casual-dining-restaurants-2017-5 […]

Latest Restaurant News June 5, 2017

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Restaurant News Roundup: Mexican Food, Chef Owners, Minimum Wage Impact

Mexican restaurants are now the second-most popular menu type in the U.S., according to a foodservice data aggregator, edging out pizzerias for the number two spot.  Read more here: https://www.fb101.com/2017/04/mexican-restaurant-industry-second-popular-menu-type-usa/   Restaurant owners who are also their establishment’s chefs say it would be beneficial to get a lesson in finances before […]

Latest Restaurant News April 25, 2017

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Restaurant News Roundup: Dining Survey, Top Restaurants, Secret Menus

  New York’s Eleven Madison Park picked as Number One by the prestigious World’s 50 Best Restaurants, the first American restaurant to make the top of the list in more than a decade.  Read more here.   Consulting firm survey indicates fewer people will be dining out in 2017, a […]

Latest Restaurant News April 10, 2017

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Restaurant News Roundup: Music & Restaurants, Future Trends

Restaurateur Ken Friedman, a former musician, compares the music industry to the restaurant business. Not so different, he says. Read more here: http://www.eater.com/2017/3/20/14980878/ken-friedman-music-industry Restaurant data analytics guru Damian Mogavero talks about the restaurant industry, saying its future depends on embracing the creative side of the restaurant business and adapting to trends. Read […]

Latest Restaurant News March 28, 2017

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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 […]

Business Posts, Latest Restaurant News March 11, 2017

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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 […]

Latest Restaurant News February 21, 2017

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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 […]

Latest Restaurant News February 5, 2017

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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, […]

Latest Restaurant News January 12, 2017

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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 […]

Latest Restaurant News December 26, 2016

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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 […]

Latest Restaurant News December 3, 2016

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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 […]

Latest Restaurant News November 20, 2016

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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 […]

Latest Restaurant News November 2, 2016

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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 […]

Latest Restaurant News October 24, 2016

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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 […]

Latest Restaurant News October 14, 2016

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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 […]

Latest Restaurant News October 5, 2016

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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 […]

Latest Restaurant News September 18, 2016

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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 […]

Latest Restaurant News July 4, 2016

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