All Blog Posts Tagged 'economy' (52)


Operator
Deal Driven Restaurant Traffic in Decline

By Aprons & Smocks

One good indicator that the economy has improved is that consumers are not as concerned with discounts when choosing their restaurant meals. According to research by the NPD Group, people aren’t putting value menus over every other consideration when it comes to dining out now. In fact, for the 12 months ending in August of 2012, non-deal restaurant traffic actually increased 1 percent. For the…

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Added by Aprons & Smocks on January 9, 2013 at 9:31am — No Comments

Restaurants Offer Silver Lining To Today’s Economy

Last week’s Jobs Report, issued by the U.S. Bureau of Labor Statistics, echoed news we’ve all grown accustomed to hearing — U.S. job growth is weak.

 

But is that the whole story?

 

If you take a moment to study the recent news, there is a silver lining — at least for the restaurant industry. In the month of August, 96,000 jobs were added on a net basis across the nation and more than 28,000 of those jobs were in the restaurant industry. In other words, more than…

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Added by Nate DaPore on September 14, 2012 at 1:12pm — No Comments


Non-Operator
Lake Wobegon Syndrome

As I’ve probably mentioned lately, I’ve recently worked with several clients on debt-raise projects.  Based on that experience, as well as others over the years, I’ve begun to identify a malaise among credit providers which I’ll refer to as Lake Wobegon Syndrome.

By now,…

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Added by Rod Guinn on July 18, 2012 at 11:51am — No Comments


Non-Operator
A Concise Strategy for 2012 Profitable F&B Results

 

There are only three ways to increase food & beverage sales.

The economy and unfavorable weather has robbed resort, restaurant, and F&B executives of the simplest method to improve sales. Luckily, two remaining methods still offer opportunity, yet one single F&B Core-Competency Focused Strategy is best for Profit Increases.

1. Sell F&B to more people. Gone!

Today this option is…

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Added by Jonathan Raduns on June 18, 2012 at 9:00am — No Comments


Non-Operator
2012: The Year To Change The Game

Reported by foodem.com, the online wholesale food marketplace-

This is one of the most innovative times of our lives. Every time you turn around, there is a new convenience to simplify a task in our lives. Today, many businesses, as well as individuals, are…

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Added by Foodem on March 29, 2012 at 7:00am — No Comments


Non-Operator
Who Will Buy Your Burritos? (Volume II) -- A Wish For Labor Day

I could have called it Part 2, but I just saw Harry Potter, and thought a more grandiose title was in order.  

 

Back in March, I wrote a column entitled “Who Will Buy Your Burritos?”, which was -- in part -- focused on a longstanding concern of mine, that the US economy will continue to lag,…

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Added by Rod Guinn on September 1, 2011 at 3:30am — No Comments


Non-Operator
A Catch-up Collection

First -- further details on the economy and its near future:

 

A few weeks ago, I wrote about the dangers the weak employment figures posed for long-term, healthy improvement to our restaurant industry.  That still remains a primary concern of mine, and of a…

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Added by Rod Guinn on August 4, 2011 at 3:30am — 3 Comments


Non-Operator
Snippets and Afterthoughts

Catching up on topics from past blogs and recent news ...

 

UCLA Restaurant Conference: I mentioned some weeks ago that I had served on the planning committee for this conference,…

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Added by Rod Guinn on April 14, 2011 at 3:30am — No Comments


Non-Operator
Who Will Buy your Burritos?

There’s good news and bad news regarding the prospects for an economic recovery. This should not be a surprise, especially since the news has to do with the findings of economists, perhaps the only subspecies of humans needing a third hand to settle arguments.  (You know the old joke: arguments which often include the phrases 'on the one hand...' and 'On the other hand.....’).…

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Added by Rod Guinn on March 17, 2011 at 3:30am — 2 Comments


Non-Operator
Hope For The Future?

Every so often, I listen to the podcasts produced by NPR’s Planet Money team, focusing on economic and financial topics in the US and around the world.  On their podcast #225, dated 11/2/2010, their guest was Mark Zandi, Chief Economist of Moody’s Analytics and a frequent TV and radio commentator on things economic.…

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Added by Rod Guinn on January 6, 2011 at 3:30am — No Comments


Non-Operator
Updates And Observations From the Restaurant Finance Conference ...

Two years ago, the Restaurant Finance Conference fell (choice verb?) just after the capital market cataclysm of September 2008. As I’ve noted before, the mood was so unsettled that man suggested Zombie costumes be issued. Last year, their was still considerable uncertainty -- and accompanying gallows humor -- but as one reader noted at the time, “we’re still here”; there was at least a general…

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Added by Rod Guinn on November 11, 2010 at 2:30am — No Comments


Non-Operator
The Recession is Over !!! *Signs of Progress*

The Fed’s Ben Bernanke and many other market watchers say that the recession has bottomed out. There are small positive signs appearing here and there. I agree with predictions that strong signs of recovery will manifest over the next couple of months. There will still be problems here and there, but in my opinion, the bottom line is that the whole economic climate begins to change when a retail consumer sees the item that they have been looking at for many months, picks it up and buys… Continue

Added by Doug Marranci on May 7, 2010 at 7:00am — No Comments


Non-Operator
Less is More: Restaurant Survival Tactics

Atlanta - By Doug Marranci



With all of the incidents of different types of food poisoning, deaths, and even babies are not safe, what is the Number 1 consumer trend in dining is today?



If you guessed Local products, you are correct. Local and Sustainable are the keywords that are buzzing in local eateries.



Current economic trends in my opinion will provide a balancing effect over time. The time is gone where you can sell a 200.00 bottle of wine, unless you have… Continue

Added by Doug Marranci on May 7, 2010 at 5:00am — No Comments


Non-Operator
Holiday Wishes for 2010

Having just seen (again) Steve Martin’s classic sketch regarding Christmas wishes from an old Saturday Night Live, I’m tempted to follow suit, but will try to resist. Still, if I were granted just one wish this Christmas, ...



I’d wish for confidence. There are hazards remaining between us and a robust recovery, including the still-unresolved issue of commercial real estate defaults across lenders’ (and investors’) portfolios. Still, most economists and analysts believe… Continue

Added by Rod Guinn on December 25, 2009 at 3:30am — 4 Comments

Call me the poster girl for "cooking at home hazardous to your health"

A recent open letter from the National Restaurant Association in Nation's Restaurant News seeks to rally the industry around a proposed campaign to "debate the notions currently going unchallenged in the public forum" - notions suggesting consumers can save significant sums by eating at home.



While it's true that the mass media - TV, talk show hosts, etc. - has promoted this theory, it's not clear how well their message has resonated with consumers. According to NRA, research shows… Continue

Added by susan holaday on December 21, 2009 at 2:32pm — 7 Comments


Non-Operator
The RFD Conference -- Some Incomplete Observations

As I mentioned in a prior column, I just spoke at the Restaurant Finance and Development Conference, an annual event put forth by the Restaurant Finance Monitor and Franchise Times. As always, it was a quality event; John Hamburger and Mary Jo Larson have done a terrific job of making this a valuable information forum for operators, investors, and lenders, as well as an opportunity for many of us to gather with current, past, and prospective clients and renew a few… Continue

Added by Rod Guinn on November 13, 2009 at 3:00am — 7 Comments

On The Pillars Of This Earth Lies A World Without End

The ‘literati’ amongst you will instantly recognize that I shamelessly ripped off the title of this blog post from two truly epic novels by renowned author Ken Follett and if you’ve read them both, by the time you are finished reading this, you will completely understand why I chose the title I did.

What is ironic to me is that gathering the information and material for this posting was actually easier than figuring out what to title it.



If you are not willing to set aside the… Continue

Added by Steve Paterson on August 20, 2009 at 10:44pm — 8 Comments

Trend alert: restaurants strive to remain relevant amid recession

I'd like to share a few articles I read this week that address the changing climate of the restaurant industry and changes in the demographics and habits of diners. Each of these pieces touched on a common theme - that restaurants are going to have work harder to be relevant among a changing -and less loyal- demographic; one that is causing the market to become more competitive and more driven than ever by exceptional customer service.



First, a report released this week from the… Continue

Added by Dani on July 29, 2009 at 1:14pm — 2 Comments

FROM MY WINDOW: Market Researchers NPD report restaurant sales are down in Spring from last year

http://www.npd.com/press/releases/press_090720.html



This is not all bad news. The sales drop is (surprisingly for me) is linked to households with children, who cut back their visits to all segments of restaurants. Parties including children, which represent a third of industry traffic, and adults from households with children, have been cutting back on restaurant visits for the last three quarters. Over half of the industry’s decline this past quarter traced to fewer… Continue

Added by Michael Albert on July 20, 2009 at 11:43am — No Comments

Video Blog: The I Want To Be An Entrepreneur Trend



On a flight last week, I was sitting next to a boy and a girl who were both in their mid twenties. The girl noticed the “start-up magazine” in my bag, pointed to it and said to the boy, “Hey, have you heard of this magazine?” It was an obvious and awkward moment where I knew she wanted me to ask, “Do you have a start-up? If so, what do you do?” So.. I asked, she enthusiastically said, “YES!“ and then, blushing, said “OK. Here’s my spiel.” Her “partner” winked and gave… Continue

Added by Amanda Hite on June 30, 2009 at 9:24am — 21 Comments

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Social Wine Club for Craft Wineries

Smartbrief

Kids LiveWell atwitter over Twitter party

In its continuing effort to promote more nutritious and flavorful children's menu options, the NRA will hold a Twitter party  -More

Starbucks could become top on-premise wine seller in U.S.

Starbucks is planning to slowly expand its evening sales of wine, beer and small plates to thousands of selected stores throu -More

The evolving nature of snacks

Snacks have shifted from an after-school treat to a meal alternative as meal times become more fragmented.  -More

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National News

Wahlburgers Announces Expansion Plans Including Franchise Agreement in Philadelphia

Wahlburgers has signed a franchise agreement with Hingham Associates, LLC that will bring five Wahlburgers to the metropolitan Philadelphia area over the next several years. The franchise group is actively looking at sites and is targeting a late 2014-early 2015 opening for its first restaurant.

Chipotle Mexican Grill, Inc. First Quarter 2014 Revenue Up 24.4%

Comparable restaurant sales increased 13.4% - Restaurant level operating margin was 25.9%, a decrease of 40 basis points

Jamba Juice Announces Grand Opening of New St. Louis, MO Location

Jamba Juice Company announced the brand’s continued expansion in the St. Louis market with the opening of a Jamba Juice® store at 11477 Olive Blvd. on April 16, 2014.

Expert in Real Estate Analytics Joins Luna Grill

Luna Grill, the San Diego-based Mediterranean restaurant chain, is welcoming retail real estate industry veteran Greg Thorburn to its leadership team. Thorburn has been brought on board to fill the newly created position of Vice-President of Real Estate.

Rita's Italian Ice Awards Area Development Agreement for Kansas

Rita's Italian Ice has awarded franchise and area development agreements for Kansas and the Kansas City area, which extends to the Missouri side of the city, to franchisees and local residents Jay Miller, Jeff Miller and Pat Reilly.

CROWD FUNDING

If you are looking for capital to start or grow your restaurant, create the next 501c3, develop and launch the next app for the restaurant industry,or want to help your peers in some meaningful way, we want to know about it.

TED TALKS VIDEO

TED: Matthew Carter: My life in typefaces - Matthew Carter (2014)

Pick up a book, magazine or screen, and more than likely you'll come across some typography designed by Matthew Carter. In this charming talk, the man behind typefaces such as Verdana, Georgia and Bell Centennial (designed just for phone books -- remember them?), takes us on a spin through a career focused on the very last pixel of each letter of a font.

TED: Jeremy Kasdin: The flower-shaped starshade that might help us detect Earth-like planets - Jeremy Kasdin (2014)

Astronomers believe that every star in the galaxy has a planet, one fifth of which might harbor life. Only we haven't seen any of them -- yet. Jeremy Kasdin and his team are looking to change that with the design and engineering of an extraordinary piece of equipment: a flower petal-shaped "starshade" that allows a telescope to photograph planets from 50,000 kilometers away. It is, he says, the "coolest possible science."

TED: Norman Spack: How I help transgender teens become who they want to be - Norman Spack (2013)

Puberty is an awkward time for just about everybody, but for transgender teens it can be a nightmare, as they grow overnight into bodies they aren't comfortable with. In a heartfelt talk, endocrinologist Norman Spack tells a personal story of how he became one of the few doctors in the US to treat minors with hormone replacement therapy. By staving off the effects of puberty, Spack gives trans teens the time they need. (Filmed at TEDxBeaconStreet.)

TED: Jennifer Senior: For parents, happiness is a very high bar - Jennifer Senior (2014)

The parenting section of the bookstore is overwhelming—it's "a giant, candy-colored monument to our collective panic," as writer Jennifer Senior puts it. Why is parenthood filled with so much anxiety? Because the goal of modern, middle-class parents—to raise happy children—is so elusive. In this honest talk, she offers some kinder and more achievable aims.

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