Latest News
Restaurant Industry Rebound Gaining Momentum
7/5/2011
In some good news for the restaurant industry, according to the survey, 70% of Americans dined out at least once per week over the last year, compared to 49% in a similar survey from the first quarter of 2010. Dining trends improved across all segments, with the best growth on the high and low ends, with convenience stores and fine dining outpacing other segments.
Restaurant Trends - Growing And Emerging Concepts - Change and Activity June 28, 2011
6/29/2011
Houston, TX-based SALTGRASS STEAKHOUSE (founded 1991) has increased by 2 units, from 44 to 46 (5% growth). This is a family/casual concept, open for lunch and dinner, with a $10-$30 per person check average. The restaurants have full bar and seat about 350. Private party services are available. Trading areas are CO, LA, NV, OK, and TX. Saltgrass Steakhouse is a subsidiary of Landry Restaurant Group.
VooDoo BBQ & Grill Proudly Announces Their Expansion Outside of Louisiana
6/16/2011
VooDoo BBQ & Grill, a New Orleans style BBQ franchise concept, proudly announces their expansion outside of Louisiana. As their 10th anniversary draws near, VooDoo BBQ has successful growth in New Orleans, Baton Rouge and surrounding markets. On May 27th, Patrick Kerr and his family signed an agreement for the Greenville, SC area and purchased an additional 7 licenses for other markets. Those markets include Asheville, NC and several in South Carolina -- Anderson, Spartanburg, Charleston, Rock Hill, Columbia and another location in Greenville.
Ken Burgin on Listening To Your Customers
6/14/2011
Guests have plenty to share, if you take time to listen. And if you don't, they may go online and share it there! How many of these 'secrets' ring true for you?
- My busy life means I have the attention span of a goldfish. If you don't keep in touch, I will forget you exist.
- When I refer my friends and they have a great time, it makes me look smart - I like that!
- I love it when you play good music - your staff know how to use music to create atmosphere (or not).
Perkins & Marie Callender's Announces 58 Restaurant Closings As Part of Strategic Effort to Improve Restaurant Operations
6/13/2011
Perkins & Marie Callender's Inc. announced earlier today that it has entered into a restructuring support agreement (the "Restructuring Support Agreement") with holders of 100 percent of the Company's 14% Senior Secured Notes due 2013 and more than 80 percent of the Company's 10% Senior Notes due 2013 pursuant to which the Company has agreed to implement a financial and operational restructuring that will rationalize the Company's store footprint and result in a restructured balance sheet that will position the Company for long-term financial success.
Smashburger Announces Franchise Agreements for 63 New Restaurants
5/26/2011
Smashburger today announced it has added five new franchise partners to its rapidly growing family of franchisees, totaling a combined commitment for 63 new franchise units across the country. These most recent franchise agreements bring Smashburger's total franchise pipeline to 463 locations, which are expected to open over the course of the next several years. These new commitments will also allow Smashburger to make its debut in four new markets, further expanding its growing national footprint.
Hard Rock International Commemorates Four Decades of Rockin' the Globe
5/20/2011
The phrase "there's always something happening at Hard Rock" has rung true for four decades. So, as one of the world's most recognizable brands turns 40 this year, Hard Rock Hotels & Casinos has made sure that 2011 is no exception. To honor the occasion, Hard Rock Hotels & Casinos will roll out signature events and one-of-a-kind offerings that bring authentic music and rock 'n' roll experiences to life at each of its world-wide properties. Locations include Bali, Macau, Penang, Singapore and Pattaya; domestic properties feature Orlando, Chicago, San Diego, Biloxi, Tampa and Hollywood, Fla. as well as its newest location, Punta Cana.
Restaurant Spending May Drop Heading into Summer, Says Kurt Salmon
5/12/2011
Consumer spending at restaurants is expected to drop as spring turns to summer, according to Kurt Salmon's Restaurant Spending Trajectory. The latest data shows intent to spend continuing a three-month slide after 18 months of steady growth.
The proprietary index, which tracks consumers' intent to spend on dining out, has been highly correlated with personal consumption expenditures at restaurants over the last five years.
Stan Warr © 2010. All rights reserved
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