Medical insurance costs are continuing to rise for hospitality industry employers across the country. The 2011 Compensation Data Hospitality survey results show companies reported an average premium increase of 9.
American Express Business Insights today released its series of Q2 2011 Business Insights Spend Sights reports, which reveal that while economic uncertainty continues to dampen overall consumer confidence, a new pattern of less frequent but measurable splurging has become evident among customers.
The board of directors for Brinker International Inc. (NYSE: EAT - News) declared a quarterly dividend of $0.16 per share on the common stock of the company payable on Sept. 29, 2011 to shareholders of record as of Sept.
The National Restaurant Association Educational Foundation (NRAEF) announced today that it has passed the two-thirds point in its 2011 fundraising goal of $3 million for its ProStart program. Recent donations from Brodersen Management Corp.
Black Box Intelligence LLC (BBI), Consumer Edge Research LLC (CER), GuestMetrics LLC (GM), and People Report announced the formation of a joint venture that will capture the combined product offerings of the four companies and provide revolutionary foodservice industry data and analytics.
Perry Smith understands how to grow a brand.Nearly ten years ago, four men sat down to talk about opening a restaurant in Washington, D.C. Smith, Drew Kim, and brothers Mark and Ty Neal had expansive ideas about brands – pizzas from custom-made ovens, upscale diners, hot dogs piled with nuclear green relish – but the mood in the capital was uncertain.
Private equity investors active in the restaurant space are invited to attend an inaugural conference that will cover the complete deal cycle - from locating the best investment opportunity to maximizing the value on a sale.
ADP announced the launch of ALINE Pay by ADP, a comprehensive electronic payroll disbursement solution that helps employers reduce administration time and minimize their risk of financial and compliance exposure.
Although the foodservice industries in China, France, and Germany experienced traffic gains in the first quarter of 2011, restaurant visits were down in many countries across the world during that first quarter, according to The NPD Group.
The National Restaurant Association (NRA) expressed strong concern and disappointment following the Federal Reserve’s vote today to cap the “swipe fees” that merchants pay for debit-card transactions at 21 cents per transaction—less than the average 44 cents that merchants pay for debit-card transactions today, but a significant increase over the 12-cent swipe-fee cap that the Federal Reserve proposed in December.
Consumer spending at restaurants is expected to weaken throughout the summer, as consumer confidence and intent to spend continue a five-month decline, according to Kurt Salmon's Restaurant Spending Trajectory.
Full-service restaurants will see an average sales decline of 1.9 percent this year and a slow start to 2012.But those that do well are differentiating themselves from the limited service competitors that are eroding their market share, according to research results presented at the recent Technomic Restaurants 2011 Trends & Directions Conference.