Restaurant industry outlook improves

by Ted

http://www.bizjournals.com/albany/stories/2009/06/01/daily59.html The outlook for the restaurant industry grew more optimistic in recent months, as the National Restaurant Association’s comprehensive index of restaurant activity registered its fourth consecutive monthly gain in April. The Association’s Restaurant Performance Index (RPI) — a monthly composite index that tracks the health of and outlook for the U anchor.S. restaurant industry […]

Revenue down ? Tax everything!

by Ted

New York Health Official Calls for Tax on Drinks With Sugar http://www.nytimes.com/2009/04/09/health/09soda.html A month after Gov. David A. Paterson dropped his proposal for a soda tax, New York City’s health commissioner has written an article advocating “hefty” taxes on sodas and sports drinks containing sugar. Such a tax, the article said, could be the biggest […]

Slow Economy Threaten Some Restaurant Chains

by Ted

http://www.nytimes.com/2009/04/04/business/04restaurant.html Now consumers are cutting back, and dining out is among the casualties. Finer restaurant chains have been hit hard, and so have the casual sit-down places that flooded suburban shopping centers and tourist districts across the country, aimed straight at middle American tastes. A few chains have boarded up already. Many others are going […]

$2.3M in back wages recovered from restaurants

by Ted

NEW YORK – State labor officials said Wednesday they recovered a record $2.3 million in back wages for more than 800 workers at nine restaurants.  The restaurants violated numerous labor laws including those dealing with minimum wage and overtime. The recovery is the largest collection for a single wage-violation case in the state Labor Department’s […]

10 helpful tips for restaurateurs

by Ted

Chicago Tribune’s Phil Vettel gathered 10 tips for restaurants to follow. Among them: Keep regulars happy; pay attention to basic service; and pay attention to feedback. 1. Assign not the job of the hostess to the unworthy. 2. Prepare for guests a pleasant table. 3. Honor thy regulars. 4. Work well the service fundamentals. 5. […]

Peanuts come off the menu

by Ted

http://www.nytimes.com/2009/02/11/dining/11peanuts.html “The immediate response has to be, rip it off the menu,” said Johnny Iuzzini, pastry chef at Jean Georges, who checked the Food and Drug Administration’s Web site daily until the restaurant’s Bronx-based nut supplier, Bazzini, was completely cleared. Hundreds of products containing peanut butter have been recalled, all of them involving the products […]

Starbucks effect still in play even though economy is down

by Ted

Washington Post As disposable incomes shrink and savings plummet, residents across the region say there are still some luxuries they won’t let go of, no matter how bad it gets. They might be clipping coupons, joining warehouse clubs and carpooling, but they’re still willing to spend their hard-earned cash on one non-negotiable something — be […]

NRA says “U.S. restaurant business toughest in 17 years”

by Ted

Complete Article U.S. restaurants are enduring their toughest time in 17 years as tight credit and falling home prices compel consumers to eat out less or spend less when they do, a National Restaurant Association economist said on Wednesday. “This is the most challenging environment for restaurant operators since 1991,” Hudson Riehle, NRA chief economist, […]

Casual-dining executives say “stand out and lower prices”.

by Ted

Full Article in USA Today Reducing the glut. With way too many restaurants serving far too few customers, at least 1,000 casual dining units will close over the next 12 months — helping to lessen the glut of casual dining spots, says Ron Paul, president at researcher Technomic. “In the eyes of consumers, these restaurants […]

Restaurants may hike prices in 2009

by Ted

FULL Article Restaurants, now working to secure supply and price contracts for meat and other commodities for the upcoming year, are expecting big increases in food costs – increases that will likely lead to menu changes and price hikes. Some chains are already adjusting their menus to reflect current high costs for both beef and […]