A new report from Juniper Research has found that the global redemption rate of mobile coupons will average more than 8 percent by 2016, an eightfold increase over the best paper coupons campaigns.North American and Western European markets are now beginning to follow the same growth path as the Far East & China, and by 2016 there will be more than 600 million regular mobile coupon users worldwide.
1. Install fiscal responsibility from day one. From negotiating the lease to working with a credible contractor who understands the budget, operators can save thousands by being attentive to start-up costs and injecting fiscal discipline into the restaurant’s culture from the start.
At its height in the 1980s, Sizzler was a $1 billion powerhouse with more than 600 units nationwide.As the millennium neared, however, the family steakhouse chain encountered hard times, including a 1996 bankruptcy.
Driven by positive same-store sales and an increasingly optimistic outlook among restaurant operators, the National Restaurant Association’s Restaurant Performance Index (RPI) rose to its highest level in five months.
Black Box Intelligence (BBI), a leading provider of financial and market data for the restaurant industry released their November Restaurant Industry Snapshot today containing sales performance and trends.
Darden Restaurants Inc. will host its Fiscal 2012 Second Quarter conference call next Friday, December 16, at 8:30 a.m. EST . The conference call will be broadcast live over the Internet.Clarence Otis, chairman & CEO, and other senior management will cover subjects including forward-looking information, such as the outlook for the current month or quarter, and the company's previously announced earnings guidance.
Capital Access Network’s (CAN) Data Services Division released figures today showing a 5.8 percent increase in same store credit and debit card sales at Main Street merchandise retailers and restaurants this Black Friday period (Nov.
The U.S. restaurant industry entered 2011 hopeful after ending 2010 with two consecutive quarters of one percent traffic increases, but the continuing economic saga of high unemployment and low consumer confidence kept visits to restaurants flat in the first three calendar quarters of the year, according to The NPD Group, a leading market research company.
Every restaurant is decking the halls at this time of year as diners come in for celebrations, but what many don’t realize is that they could be losing thousands of dollars on alcohol.Employee theft is a $11 billion problem in the U.
Get ready for more of the same.Financial analysts, consultants and restaurant operators alike seem to agree that 2012 is shaping up to look a lot like its predecessor year.The U.S. economy is likely to grow modestly—about 2 percent—with jobs being added at an anemic pace.
The National Restaurant Association joined more than 80 other business associations and companies in requesting U.S. Department of Commerce Secretary John Bryson to act immediately to urge the Internet Corporation for Assigned Names and Numbers (ICANN) to postpone a costly and risky new generic top-level domain (gTLD) expansion program that threatens to throw the domain-name market into widespread confusion starting in January.
Daily deals or social coupons carry great potential advantages for hospitality operators, but a poorly structured deal could turn into a nightmare of lost revenue and unhappy customers. Two new reports from the Cornell Center for Hospitality Research (CHR) examine how social couponing is working for hospitality operators and their customers.
The holiday season has arrived, and to make gift giving even easier this year, California Pizza Kitchen has introduced a new electronic gift card option allowing gift givers the opportunity to send their holiday greetings instantaneously.
For Chesapeake House, a family-owned seafood restaurant located in Myrtle Beach, South Carolina, being ahead of the curve has served the business well throughout its 40-year history. The restaurant first ignored location trends to become the founding restaurant on “Restaurant Row,” and today, the business is taking aggressive steps toward becoming energy efficient by installing innovative technology from Efficient Energy America, Inc.
LivingSocial is known for its daily deals, but this month, the coupon and discount company decided to spice things up with four-star restaurants.Gourmet is LivingSocial’s latest restaurant product, creating exclusive offers for high-end restaurants to reach out to a high-end clientele.