Despite rising job losses, troubled credit markets, falling housing values, spiking mortgage foreclosures, a weakening dollar and declining same-store sales throughout much of the industry, many operators are forging ahead with plans to open new...
SPARTANBURG S.C. Denny’s Corp. reported a 0.4-percent drop in its systemwide same-store sales for the first quarter ended March 26, as declining guest traffic offset the chain’s increased average check. Denny’s operates and franchises the...
LOS ANGELES —Wolfgang Puck’s casual-dining division is planning an aggressive rollout of a new three-daypart bistro concept that would break new ground with a hybrid service model that’s fast-casual...
NEW YORK Ted Turner and George McKerrow Jr., brought their green tour to New York in early April, recounting the ecological steps they’ve taken at their Ted’s Montana Grill chain to several hundred restaurateurs, educators and reporters in the...
LOS ALTOS Calif. The Black Angus Steakhouse chain said it has shuttered seven locations this week because of “disappointing sales.” The closures were in Thousand Oaks, Calif.; Scottsdale, Ariz.; Las Vegas; and two each in the Salt Lake City...
MIAMI Citing a challenging economic environment, Benihana Inc. said Thursday that its fourth-quarter systemwide same-store sales declined 2.2 percent from a year ago and that total restaurant sales fell 2 percent to $69.8 million. Benihana...
GLENDALE Calif. IHOP Corp., parent to the IHOP family-dining and the Applebee’s casual-dining brands, said Thursday that same-store sales rose at both chains for the first quarter ended March 31, driven by limited-time offers and menu price...
SPARTANBURG S.C. Denny’s Corp. has promoted Janis Emplit to chief operating officer as part of a management reorganization that now has four “C”-level positions reporting directly to the family-dining company’s president and chief executive...
ORLANDO Fla. Another lawsuit was filed Monday against Darden Restaurants Inc. for allegedly misleading shareholders about the Red Lobster parent’s performance and outlook for the year ahead. The suit, filed in a Florida district court by...
