The first movements of the new year in the chain restaurant industry are beginning to show as Captain D’s announced that David Head has been promoted to Chairman and CEO of the Nashville-based seafood restaurant chain. Head had been president and COO, overseeing all aspects of the business since joining the company in 2006. This [...]
Going green has gone from a catch phrase to a way of life. The concept has infiltrated almost every aspect of the everyday and businesses have smartly tuned into this, adjusting processes from the back to front end. Here, we examine a few great examples of how select companies are making this work for them, [...]
The day after the election, the market plummeted in what analysts surmise was in anticipation of the challenges the new administration will have to face once it takes office in January including unemployment, the war in Iraq, and the economy in general. Was it a bad sign for things to come? Probably not. Daily Markets [...]
Restaurants here in the Triangle area are also feeling the pains from the financial meltdown. Sue Stock, staff writer for the Raleigh News & Observer, points out that for many restauranteurs here in the Triangle – flat is the new positive. Most hope to just break even this year and have tried several things to [...]
Lane Cardwell from the Chain Leader had a great post the other day about the great parallels in sales between the restaurant and retail industries this Christmas season. He used data that was just released by the Thomas Weisel Partners’ 2008 Post-Holiday Sales Report and 2009 Outlook.
Overall, customers are looking for great value and cutting [...]
When you think about globalization and how it affects the food industry, there are probably two immediate impacts that come to mind—the outsourcing of jobs to cheaper labor and the need for enhanced communications options for those with English as a Second Language or who do not speak English at all. But globalization affects the [...]
The state of the economy has been a source of concern for many during the past year, to say the least. Almost every industry has experienced cutbacks, downsizing, and every other word that makes the average professional lose sleep at night. That is, except for the restaurant industry.
If there is one thing to be thankful [...]
So many restaurant chains at the end of 2008 were offering low price point promotions in hopes to help boost sales. From $1 dollar menu items at the QSR chains to $99 dinners for two at steakhouse such as Morton’s, everyone was feeling the pinch from the mortgage crisis. In order to help stave off [...]
It’s long after Election Day and the buzz is still abound of cheers and fears when it comes to anticipating what things will be like when Obama becomes our next President. There are those changes that undoubtedly will be refreshing and good, while there are those that we simply must not only be cautious of, [...]
Todd Graves, multimillionaire founder of Raising Cane’s Chicken, with wife Gwen was on the new Fox reality show “Secret Millionaire.” The show puts millionaires in the middle of very poor areas where the millionaires pose as regular “joes”. They befriend unknowing, down-and-out people who are in need. At the end of the show, the [...]
