Restaurants should expect moderate growth on economic optimism, off-premises: report
2020 State of Restaurant Industry report reviews outlook, pathways to growth The National Restaurant Association published its 2020 State of the Restaurant Industry Report, which has forecasted sales in the […]
Warm weather heats up January restaurant sales: Black Box
Restaurants posted a 2.3-percent comparable sales increase There’s a bright spot in January 2020 restaurant industry sales, but according to Black Box Intelligence, it may be short-lived. Although Black Box […]
Technology to drive big changes in restaurant industry in next decade
Driverless cars to impact the drive-thru, takeout experience Automation will be a key part of what the future holds for restaurants in 2030. Everything from payroll to inventory management will […]
Bon Chon aims to grow at accelerated rate after 100th opening
Korean fried chicken + fusion chain to expand to 1,000 units globally The latest Bonchon opening in Pleasanton, Calif. marked the 100th restaurant for the Korean fried chicken and fusion […]
Qdoba up for sale, according to report
Fast-casual chain could fetch up to $550M According to Bloomberg, Apollo Global Management has put Qdoba up for sale. A few days ago, Qdoba Chief Executive Keith Guilbault notified franchisees, […]
Black Box October restaurant sales positive
Increase of 0.1 percent marks second month of positive comp sales Black Box October restaurant sales are slightly positive, reported TDn2K. According to its sales measurement intelligence data, TDn2K announced […]
Restaurant industry 2030 outlook: more automation, fewer jobs gained
Automation, fast-evolving consumer trends to drive change The National Restaurant Association provides an outlook for the next decade in its Restaurant Industry 2030: Actionable Insights for the Future report. Its […]
Brentwood Associates finalizes Chicken Salad Chick acquisition
Merchant Eagle Partners exits the investment after four years Brentwood Associates acquired a majority stake in Chicken Salad Chick, known as SSRG Holdings. Eagle Merchant Partners had invested in the […]
September restaurant sales show slight improvement: Black Box
Despite hurricanes, tariffs, September uptick keeps two-year performance steady Black Box September restaurant sales were slightly positive, reported TDn2K. According to its Black Box sales measurement intelligence data, TDn2K said […]
The Cheesecake Factory completes North Italia, FRC acquisitions
Purchase of Fox Restaurant Concepts includes Flower Child The Cheesecake Factory closed its Fox Restaurant Concepts (FRC) acquisition, including Flower Child. It also completed its acquisition of North Italia. The […]
Parent of Sonic, Arby’s to acquire Jimmy John’s
Jimmy John’s acquisition to make Inspire fourth largest U.S. restaurant company Jimmy John Liautaud, founder and chairman, along with its Board, approved Jimmy John’s acquisition by Inspire Brands. The parent […]
New $40M funding for Kitchen United to accelerate expansion, leverage RXR real estate
In deal with RXR, Kitchen United expanding to Brooklyn, Manhattan, Stamford Kitchen United raised another $40M in a series B funding round. RXR Realty led this financing round, along with […]
Off-premises sales heating up in restaurant industry
As forecasted, restaurants invest in off-premises business Restaurateurs are placing more weight on off-premises sales for their businesses: takeout, delivery and catering are becoming bigger pieces of restaurants’ business as […]
August sales down, impacted by traffic, retention: Black Box
Tariffs, hurricane play adverse role in outlook August restaurant sales were down in August from last year, according to Black Box Intelligence tracking from TDn2K. Black Box August sales, using […]
QA: Andy Hooper, president, chief operating officer &pizza
&pizza starts a new chapter, accelerates expansion Fast casual &pizza is starting a new chapter in its growth. In July, it hired two new executives and promoted Andy Hooper to […]
CKE Restaurants hires Andrew Robinson as chief human resources officer
Parent of Carl’s Jr., Hardee’s names new HR chief The parent company of Carl’s Jr. and Hardee’s announced hiring Andrew Robinson as chief human resources officer, CKE Restaurants. He previously […]
