The year continues to be disappointing for the restaurant industry as February again resulted in negative same-store sales. This represents the third consecutive month in which this key metric has shown decreasing sales, which hasn't occurred in over three years. This is clearly evidence of the predicament the industry faces during this unusually cold winter. This was … [Read more]
Tagged As "Casual Dining"
After a disappointing end to last year, 2014 began with the restaurant industry still showing signs of weakness as it continues to struggle with declining same-store sales and guest counts. This situation was exacerbated in January by the fact that once again, large regions of the country suffered from extreme winter storms that greatly impacted consumer spending in … [Read more]
When it comes analyzing the effect of the Super Bowl on the restaurant industry, usually the discussion centers on the boon experienced by those concepts that deliver pizza or where people can go pick up their chicken wings before heading home to watch the big game. But what about the effect on restaurants operating in the event’s host city? “The effect of the Super Bowl … [Read more]
Oscar Wilde once said that consistency is the last refuge of the unimaginative. I’m pretty sure he never ran a restaurant. I suppose it’s true that consistency is sometimes associated with being conservative or lacking flair. With thousands of messages vying for our attention, we’re usually drawn to whatever is new or trending. It’s tough to make headlines without making … [Read more]
This week, People Report launched the sale of its 2013 Corporate Compensation and Benefits Survey (CCBS). Results of this annual survey answer the key questions: Are restaurant employees’ compensation and benefits package competitive? Do restaurants offer hourly restaurant workers as well as corporate employees fair wages? “With so few compensation data sources in our … [Read more]