NEW YORK Casual-dining chains should close a net of 1,200 locations, or about 7 percent of the segment’s capacity, to restore a supply and demand equilibrium with restaurant consumers, said John Glass, a securities analyst at Morgan Stanley. ...
DALLAS —Restaurateurs need to think globally and healthfully to entice the next generation of potential patrons, according to experts gathered recently at the Research Chefs Association conference...
As the lingering recession puts “affordable luxury” restaurant brands into the “unaffordable” category for many budget-cutting consumers, such operators are being forced to spin the notion of value to reposition their products as indulgences to...
WILBRAHAM Mass. Friendly’s, a family-dining chain of more than 500 restaurants, said it would launch its Menu Madness promotion Monday and give kids a chance to “take over” its ice cream factory. The promotion, which...
Internet social networks – increasingly on the radar of restaurant marketing pros – are seeing skyrocketing traffic worldwide, but nevertheless pose real challenges to advertisers and promotion peddlers, a new report indicates. Visiting...
SHERMAN OAKS Calif. Gearing up for a national franchising push, the Red Mango frozen yogurt chain said Thursday it has named James Franks vice president of franchising. In the newly created position, Franks will oversee a franchise...
Even though Ken Nagel heads a company that is expected to gross more than $300 million this year, he tries to be actively involved with customers.“They can reach me,” he said.Nagel is president and co-owner of Fox River Foods, an independent...
NEW YORK Despite all of the stormy speculation surrounding the U.S. economy in general and the restaurant industry in particular, some silver linings are making their way through the clouds. Consumers, the lifeblood of both the macro...
