Global Foodservice News
TROPICAL SMOOTHIE CAFE gets Michael Lapid
Michael Lapid Joined the Brand in October of Last Year. How has delivery progressed? How does the delivery customer during the pandemic compare to the one before? How much of this is new customers versus core? While many locations participated in third-party delivery at a local level, we rolled out third-party delivery systemwide to accommodate…
Read MoreHow Tropical Smoothie Became One of COVID’s Success Stories
Digital Innovation Keys the Progress Tropical Smoothie Cafe has been one of the industry’s true COVID-19 success stories. The brand’s same-store sales ballooned 19.5 percent, year-over-year, in Q3—a company record. Year-to-date comps are 3.4 percent higher than 2019 levels. Meanwhile, it opened 75 restaurants and is on track to surpass 85 by year’s end. Perhaps…
Read MoreStarbucks’ Holiday Menu and Red Cups Return Across the US
Red cups are returning to Starbucks. Starbucks announced that its holiday menu returns on Friday, November 6. That means drinks including the Peppermint Mocha, Toasted White Chocolate Mocha, and Eggnog Latte are back on the menu, as well as four new festive “red cup” designs. The chain is also giving away free reusable, collectible holiday…
Read MoreWendy’s Breakfast Nabs new Customers as Pandemic Pushes Consumers to Break Habits
The coronavirus pandemic has upset consumers’ usual breakfast habits, leading fast-food Wendy’s has become the rare restaurant company to lure customers to its restaurants for breakfast even during the coronavirus pandemic. In the last eight months, consumers broke their old breakfast habits and began eating the early morning meal at home, spurred on by office…
Read MoreWith no added support, 40% of operators expect to close 6 months from now!
Economic recovery for restaurants remains uncertain, National Restaurant Association CEO Tom Bené says The uncertain economic recovery for restaurants in the wake of the COVID-19 pandemic has slowed in recent months, posing more hurdles for operators. In September, 32 states reported losses in restaurant jobs, and industry employment remained about 2.3 million positions below pre-COVID-19…
Read MoreRed Robin Same-Store Sales at the Casual-Dining Restaurant Decreased 25.1% for the Quarter
Though Red Robin Gourmet Burgers is experiencing same-store sales improvements in recent months, the casual-dining chain is still struggling with plunging visits due to dine-in restrictions tied to COVID-19. Same-store sales for the quarter ended Oct. 4, decreased 25.1% driven by a 24.6% decrease in guest traffic. Average check declined by 0.5%, driven, in part,…
Read MoreWomen’s Foodservice Forum CEO Therese Gearhart on how the Pandemic has made Gender Equity more of an Uphill Climb for Women
Before the pandemic again, gender equity was still a challenge in leadership positions within the restaurant industry with only 22% of women in leadership positions (as compared with 47% of women in entry-level positions). But with the onset of COVID-19, that gap grew even wider as women have to increasingly choose between a changing situation…
Read MoreDunkin’ is Going Private in $11.3 Billion Deal
Inspire Brands, a holding company backed by the Roark Capital Group, a private equity firm, is purchasing Dunkin’, which also owns Baskin-Robbins. Inspire already owns 11,000 Arby’s, Buffalo Wild Wings, Sonic, Jimmy John’s, and other restaurants. Inspire, which will take on Dunkin’s debt in the deal, plans to acquire outstanding Dunkin’ shares at $106.50 apiece.…
Read MoreGLOBAL FOODSERVICE NEWS – NOVEMBER 1, 2020 EDITION
Tomorrow’s Owners Wanted for Work Today: Jersey Mike’s Quicks off a new Recruitment Campaign Jersey Mike’s Subs is launching a nationwide crew-level recruitment campaign aimed at entrepreneurial spirits who might want to become store operators or owners—if not heads of a multi-billion-dollar operation. A new TV commercial features CEO and chain father Peter Cancro, whose…
Read MoreNew Normal Inspires New Innovations in Restaurant Industry
Due to COVID-19, the restaurant industry has seen more change in the last six months than in the last ten years according to Tama Looney, Brand Analytics & Customer Engagement Executive with Xenial, who has been in the restaurant industry for a decade and in the consumer insights and analytic industry for over 20. “Anything…
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