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]
Tagged As "restaurant trends"
I don’t know about you, but 2013 was a confusing year in our business. We had record gains by public restaurant company stocks during one of the most challenging years of sales and traffic (Black Box Intelligence -.01% & -2.1% respectively). Aren’t we in the fifth year of what is typically an eighteen to thirty six month recovery? And the weather gods are punishing us, as … [Read more]
Black Box Intelligence and People Report released The Restaurant Industry Snapshot this week, showing a return to positive sales during the month of March. The restaurant consumer indicated a third straight month of pullback through their “Consumer Willingness to Spend Index” research from Consumer Edge. Same-store sales were +0.5 percent in March, compared to … [Read more]