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January 5, 2015
Arby’s Revamps Into A Fast-Casual, Quick-Serve Mashup
Arby’s Restaurant Group’s new deli-inspired look, now being rolled out in conjunction with the chain’s 50th anniversary, is boosting revamped store sales by an average of 20%. The chain calls its systemwide remodeling program a “holistic, turnkey revitalization initiative.” Arby’s CEO Paul Brown said the remodeling program undergirds a new positioning and branding campaign that…
January 5, 2015
Darden: Red Lobster Sold, Investors Still Punchy
The sale of Red Lobster is official. Now the chairman and CEO of Darden Restaurants, Clarence Otis Jr., is stepping down after waging a months-long fight with activist hedge funds opposed to his turnaround plans for the company. Otis—the 2012 recipient of the International Foodservice Manufacturers Association’s Silver Plate Award—will retire as CEO when the…
January 5, 2015
Four Retro Concepts Point To Johnny Rockets’ Future
Johnny Rockets, which already boasts a retro design and menu, is now developing four new prototypes under its Route 66 brand. At least one of the concepts—drive-in, drive-through, food truck and pop-up—is likely to debut by year’s end. The burger chain, through a strategic partnership with USA Drive-Ins, a film production and distribution company, will…
January 5, 2015
Landry’s To Acquire Mitchell’s Restaurants In $10M Deal
Ruth’s Hospitality Group will focus on its core steakhouse concept after reaching an agreement to sell its Mitchell’s Fish Market and Mitchell’s/Cameron’s Steakhouse restaurants to Landry’s Inc. for $10 million. The deal, significantly less than the $92 million Ruth’s paid for the concepts in early 2008, includes 18 Mitchell’s Fish Market locations and three Cameron’s…
January 5, 2015
Weather-Battered Canadian Operators Saw Sales Soften In 4Q 2013
Tough weather—especially in populous Ontario—and rising labor and food costs have restaurant operators in Canada feeling less optimistic about the sales outlook for the first half of 2014, according to the latest Restaurant Outlook Survey from the Canadian Restaurant and Foodservices Association. The percentage of operators reporting they expect sales to grow at a slower…
January 5, 2015
Foodservice Traffic Surged In Russia In Q4, While Visits In China Fell 4%, Says NPD
Ironically now—in view of recent events—traffic in the still-developing Russian restaurant market jumped 7% in the fourth quarter compared with the prior year quarter, according to the latest global consumer CREST data from The NPD Group. In a remarkable change of fortune, visits in China during the quarter fell 4%, though surging menu price increases…
January 5, 2015
Casual Dining Continues To Struggle With Traffic And Sales Growth
In light of Darden’s recent sale of its giant Red Lobster concept to a private equity firm, casual dining continues to struggle, with traffic hitting a six-year low for the year ended February 2014, according to a recent release from The NPD Group’s foodservice practice. The research group suggests rampant dealing by larger casual chains…
January 5, 2015
Another 209,000 Jobs Added in July, Consumer Confidence Measures Mixed
In other economic news pertinent to foodservice: Total nonfarm payroll employment grew by 209,000 jobs in July, according to preliminary data from the U.S. Bureau of Labor Statistics, released Aug.1. The unemployment rate ticked upward to 6.2% as more discouraged workers returned to the labor market. In leisure and hospitality, 21,000 jobs were created. The…
January 5, 2015
Technomic Sets Schedule For “Technomic Talks” Webinar Series
Technomic is continuing its "Technomic Talks" webinar series, launched last year in cooperation with the Int’l. Foodservice Distributors Association. Each 20-minute webinar covers a major trend of interest to foodservice industry professionals. All sessions begin at 10 a.m. Central Time. For more information on each session and to register, go to
January 5, 2015
MAFSI Reps Forecast 4.1% E&S Growth In 2015
Manufacturers’ reps surveyed for the Manufacturers’ Agents Association for the Foodservice Industry annual forecast, released last week, expect sales of foodservice equipment, supplies and furnishings to grow 4.1% in 2015. Growth is forecast for all five MAFSI regions and across all product categories. The forecast, for the first time, includes forecasts for growth of seven…
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