B.R. Guest's Stephen Hanson Asks: What Recession?
Stephen Hanson owns multiconcept operator B.R. Guest with hotelier Barry Sternlicht. They plan to open dozens more restaurants in new Sternlicht hotels over the next five years. Recession? Hanson isn't worried: The Le Bernardin crowd, he says, goes to his restaurants when they want to cut spending. Middle-class folks go when they want to splurge. Read the full story >>
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37% of respondents who have eaten out in the past year strongly agree/agree with the statement, “I prefer going to a restaurant that is no more than 15 minutes travel time from my home.” Source: R&I, 2008 New American Diner Study
U.S. Eaters Feel Pinch and Desert Restaurants
Soaring food costs and a surfeit of locations have hurt casual-dining chains' bottom lines just as Americans are choosing to take more meals at home. The closings of Bennigan's and Steak & Ale are ''something we're going to see more of over the next 6 to 12 months,'' said Amy Greene, a director at Avondale Partners who tracks the restaurant industry. Read the full story >>
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Dunkin' Launches Menu of 'Better-for-You' Food and Beverages
Dunkin' Donuts has introduced DDSMART, the brand's first menu of "better-for-you" options. Labeled with a distinctive logo, DDSMART menu items include both new and existing Dunkin' Donuts food and beverages that meet lower calorie, sugar, fat and sodium criteria. Read the full story >>
College Cafeteria Ranked Best in Nation
On the menu were coconut-mint infused whitefish with black pepper rice pilaf and Southwestern chicken with pico de gallo and roasted potatoes--impressive offerings for a pricey restaurant, unusually ambitious for a college cafeteria. Then again, the meal service at Wheaton (Ill.) College is anything but typical. In fact, the Austrian-trained chef who runs the program refuses to call the dining area a cafeteria. He prefers to call it an "in-house restaurant." Read the full story >>
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Starbucks' Troubles Continue; CEO Vows Chain 'Is Going to Win'
Starbucks needs a coffee break. More bad news filtered out of the struggling coffee kingpin late Wednesday, with the company reporting a fiscal third-quarter net loss of $6.7 million, down from a profit of $158 million in the year-ago quarter. The company said it is still vexed by slow traffic at U.S. stores, with same-store sales down in the mid-single-digits in the third quarter. Read the full story >>
Burger King Franchisees Say No to Longer Hours
Three Burger King franchise operators want to have their restaurant hours their way and have filed a lawsuit against the company, which is pushing them to stay open longer. The franchisees operate a total of 57 restaurants around Florida. Read the full story >>
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