The company has struggled with same-store sales declines and net losses for several quarters, mirroring the problems of recent Chapter 11 filings for Red Lobster and Buca di Beppo.
In a letter to workers and consumers, Brian Niccol laid out a multipart strategy for revitalizing Starbucks’ core business in the U.S.
The Michigan-based operator blamed the brand’s franchising requirements for the Chapter 11 filing, rather than broader macroeconomic conditions.
The eatertainment chain’s expansion could indicate vitality for the sector, which has seen layoffs and disappointing sales at some brands in recent weeks.
Swipes at fast food competitors over rising prices, including through a retro video game, helped boost Chili’s same-stores sales by 14%.
Niccol must contend with the coffee chain’s growing brand identity and consumer perception problems, and balance its “third place” value proposition with efficient digital fulfillment.
Hostmore still wants to sell its restaurants after the U.K. franchisee’s acquisition plan was torpedoed by the casual dining brand's manager termination event.
Ehmer led the restaurant brand for more than a decade, before he was succeeded by Joe Rogers III last year. He was 58.
Kevin Vasconi joins his old boss, Todd Penegor, in leading the pizza chain as it looks to improve its value proposition and continue franchised growth.
Broad Street Oyster Co. is one of many restaurants that are branching out into the merchandise world. Square data found that 34% of restaurateurs are planning to sell merchandise or other non-food ...
The seafood chain will emerge from bankruptcy with P.F. Chang’s former CEO at the helm and $60 million in new funding.
Under previous owner Tamarix, the fruit bowl chain added over 150 locations. It expects to speed up growth under its new owner.