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Eatery samples cheap eats The Yellow Dog Lantern Restaurant has an answer to falling stock prices, the national credit crunch and turmoil in world financial markets. It’s called “the recession menu.” “Even people who have money are scared to spend it right now,” said Janet Clinger, owner. “I just tried to come up with something […]
Growth at casual dining chains slows Casual dining companies, caught between cash-strapped consumers and a tight financing environment, are slashing U.S. expansion plans and some are looking overseas for growth. While the U.S. economy was booming, casual dining became a frequent indulgence for consumers. But with the country mired in its greatest financial crisis since […]
WASHINGTON — Lobbyists for restaurants hunted votes Wednesday for the $700 billion financial industry bailout package, touting new provisions that leaders added in hopes of finally pushing the bill through Congress. Working off a color-coded spread sheet listing House members whose “no” votes sank the bill in that chamber on Monday, business groups contacted dozens […]
Complete article on the Wall Street Journal Franchise companies, facing what many say is the toughest economic environment they’ve seen, are offering two-for-one deals, reduced fees and financing help to woo new buyers. They are also paying existing franchisees to help spread the word. The economy has made many would-be franchisees wary of taking big […]
McDonald’s: Beverage program still on track McDonald’s says its new coffee-drink venture has not been derailed by the current banking crisis, despite reports to the contrary. “At McDonald’s, we’re working hard to become our customers’ favorite beverage destination,” McDonald’s said in a written statement. “Our national beverage strategy is on target and progressing as planned.” […]
Full article HARRISBURG — It wasn’t an easy decision, but The Saloon, a tavern/eatery in Mt. Lebanon, is going non-smoking. The change will happen Thursday, when Pennsylvania’s new smoke-free workplace law goes into effect. “It was a tough choice, but we’re happy we’re going to be non-smoking,” said manager Keith Sheppard. “I’ve gotten a lot […]
Visit Conserve.Restaurant.org — the Web site of the National Restaurant Association’s recently launched environmental initiative — to learn how to implement simple practices that can move your restaurant toward more sustainable operations without affecting your bottom line. The site features resources and tips to help small and large operations and also highlights success stories from […]
Full article When asked to name the top three margins pressures they will be facing in the last half of 2008, 83 percent of survey respondents named rising commodity prices (corn, beef, chicken, cheese) and energy costs (oil and gas) as the two most influential factors affecting margins. The third greatest concern, with 67 percent […]
Eco-Friendly Founding Farmers Restaurant Grows in DC Complete Article in Wall Street Journal First LEED Gold-Designed, Green Restaurant to Open in the Nation’s Capital According to the new 2009 Washington D.C./Baltimore Zagat Restaurants Survey guide, regional residents that dine out are clearly moving in a “greener” direction. Seventy percent of surveyors consider eating locally grown […]
From CNNFN: Complete article. Economic weakness and food inflation are hurting casual dining restaurant chains as families shun moderately-priced restaurants for cheaper alternatives. Restaurants claimed a big casualty Tuesday, when S&A Restaurant Corp., owner of chains including Bennigan’s Grill & Tavern and Steak & Ale, said it filed for Chapter 7 bankruptcy. The private company, […]