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. ...
HOUSTON Landry’s Restaurants Inc. swung to a fourth-quarter profit from a year-earlier net loss on gains from insurance proceeds that helped offset sluggish sales at the casual-dining and gaming company. For the quarter ended Dec. 31...
The recession’s drain on sales in many high-end restaurants has set off a prix-fixe menu frenzy.Knowing that an empty seat pounds the P&L harder than one netting $30 for three courses, fine-dining chefs have created clever but less expensive food...
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...
DALLAS Bennigan’s Grill & Tavern said Friday it has launched its annual Blarney Blast promotion for St. Patrick’s Day and will extend the menu and drink specials into April. “We’re returning to our roots as a relaxing neighborhood tavern...
