After two consecutive quarters of flat-lined consumer visits, U.S. restaurants had a turn for the worse: a decline in traffic during the third quarter of 2016, according to a major foodservice researcher. And if that news wasn't bad enough, for the first time in five years the quick service restaurant sector had a decline in consumers.
Gerry O’Brion tells his audience of fast casual executives how the fast casual segment is beating out the casual dining segment, boiling down successful strategy to 10 words:
The Street speaks with Buffalo Wild Wings' CEO Sally J. Smith. Buffalo Wild Wings franchises have had two quarters of positive same-store sales growth.
Deal With Imperial Restaurant Group Will Bring the Popular Sports Bar and Grille to the Southern Half of the Garden State, Another Strategic Step Toward Expansion Throughout the Northeast
There is an ongoing battle underway with regards to the casual dining giant Darden and the stock activists that are pursuing it, due to its under performance. Since it is likely that Red Lobster will be spun off and potentially open up to franchising for the first time, or that a private equity consortium could purchase Darden and sell the restaurants as franchises, this article is of particular importance to casual dining franchisees.
Famous Dave's of America has replaced its CEO John Gilbert III with a new chief executive Ed Rensi, who joined the company's board of directors last month. The company says that Gilbert has resigned.
Sugarloaf Mills Mall prototype in Lawrenceville, Georgia. Photo/Shoney's
LAWRENCEVILLE, Georgia – Shoney's revealed a new smaller prototype on Thursday. Shoney's chairman and CEO David Davoudpour calls it a return to "Glory Days."
MARYVILLE, Tenn. – Business news journals Debtwire, Nation's Restaurant News and others reported early this week that Ruby Tuesday had hired Goldman Sachs to "evaluate strategic alternatives."
ALISO VIEJO, Calif. –Johnny Rockets has hired Charles Bruce as its new president and chief executive officer of the 330 restaurant chain. 
