Positive News Headlines
McCormick & Schmick’s opens final new restaurant for 2010
McCormick & Schmick’s Seafood Restaurants Inc. opened a new restaurant in Kitsilano Beach in Vancouver, B.C., the third and final new restaurant it will open in 2010.
As Demand for Space Increases, Retailers Ask for Fewer Handouts
The flood of concession requests that inundated landlords in 2009 has subsided so far in 2010.
Jerry's Subs & Pizza Boost Sales, Check Averages Using TakeOut Technologies
Jerry's Subs & Pizza (www.jerrysusa.com) has become the latest restaurant chain among many to see the incredible returns on investment possible through the implementation of online ordering. Six months ago, the company started using a fully integrated online ordering suite through TakeOut Technologies (www.takeouttech.com). The results have been outstanding.
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Danner opens new retail store
McCormick & Schmick's opens Houston location
McCormick & Schmick’s Seafood Restaurants Inc. has opened a restaurant in Houston, its third in the city and its 89th restaurant in the U.S.
Fred's Comparable Store Sales for May Increase 3.5%
Fred's Inc. (NASDAQ:FRED) today reported sales for the four-week fiscal month of May, which ended May 29, 2010. Fred's total sales for the month increased 5% to $141.5 million from $134.9 million in May 2009.
Walgreens May Sales Increase 5.9 Percent
Walgreens (NYSE: WAG) (NASDAQ: WAG) had May sales of $5.70 billion, an increase of 5.9 percent from $5.38 billion for the same month in 2009.
Cracker Barrel Reports 17% Increase in Third-Quarter EPS
Cracker Barrel Old Country Store, Inc. (Nasdaq: CBRL): Fully diluted income per share from continuing operations was $0.61 for the third quarter of fiscal 2010, an increase of 17% Operating income margin from continuing operations in the third quarter was 5.5% of total revenue compared with 5.1% in the prior-year quarter
Sports Authority Ventures Into Elite Territory
Sports Authority is about to launch a new brand, a smaller, more upscale offshoot called S.A. Elite.
Umpqua opens Sellwood branch
Umpqua Bank has opened the first of five new locations it plans this year.
Quiznos Ignites Company, Economic Growth Through New Store Openings
DENVER--(BUSINESS WIRE)--Quiznos plans to open 600 new stores nationwide by the end of 2010. The new corporate-owned and joint venture locations will create more than 7500 new jobs, fueling market-level economic growth.
Starbucks makes push for Seattle's Best
In an ongoing plan to “unleash the power” of Seattle’s Best Coffee as a second global coffee brand, Starbucks Corp. said it is launching a new identity for the concept, including an updated logo.
Nike predicts 40% jump in sales
Nike Inc. CEO Mark Parker said Wednesday the company expects annual sales to rise by more than 40 percent by 2015. (NKE)
Adidas reports spike in profits, jump in sales
Adidas AG on Tuesday reported soaring first-quarter earnings as sales increased 4 percent ahead of this summer’s World Cup.
Cabela's to open first Oregon store
Cabela’s Inc., a popular hunting, fishing and camping retailer, will open its first Oregon store in Springfield in early 2011.
Panera's 1Q profit grows on strong sales
Panera Bread Co., which recently raised its guidance for full-year earnings because of strong same-store sales growth, reported this week a 48-percent jump in net income for the first quarter.
Starbucks: Q2 earnings set record
Starbucks Corp. reported second-quarter income soared to $217.3 million, or 28 cents per share, from $25 million, or 3 cents a share a year earlier. Revenue rose to $2.5 billion from $2.3 billion in 2009. (SBUX)
The Cheesecake Factory sees promising signs
After The Cheesecake Factory Inc. reported higher profit and sales for the first quarter, executives at the company shared positive signs they've seen in customer traffic and purchasing habits, but they remained cautious about the continuing impact of high unemployment.
Five Guys ranks as fastest-growing chain
Five Guys Burgers and Fries ranked as the fastest-growing restaurant chain in the nation in 2009, according to data compiled by restaurant consulting firm Technomic.
Quiznos Leads List of Retailers Looking to Expand
The tide may be beginning to turn when it comes to retailer demand. For the first time in a more than a year, the number of planned openings in the next 24 months has increased.
YoCream sales surge 11 percent
YoCream International Inc. on Monday reported an 11 percent increase in second quarter sales that continues to be led by a resurgence in frozen yogurt demand.
Chipotle Reaches 1,000 Restaurant Milestone
Chipotle Mexican Grill (NYSE:CMG), the national chain of burrito restaurants, opened its 1,000th restaurant today.
Fast-Casual Chains Continue to Grow and Benefit from Recession, Finds Technomic
Though the recession took a toll on most restaurant sectors in 2009, fast-casual chains benefited from consumers trading down from full-service restaurants to lower-priced but still higher quality fresh food. A new study by foodservice industry consultant Technomic finds that 2009 sales for the Top 100 fast-casual chains reached $17.5 billion, a 4.5 percent increase over 2008, and units grew by 4.3 percent to 14,777 locations.
Tommy Bahama sales snap back; more stores opened this year
Tommy Bahama's first-quarter sales rose to $109.1 million from $98.4 million a year ago, boosting its operating income 46 percent to $17.9 million.
Benihana's 4Q profit up on increased sales
Benihana Inc. credited a “renewal program” at its flagship teppanyaki concept and the improving economy as it posted a 57.6-percent jump in fourth-quarter profit and recorded its first positive same-store sales in nearly two years.
McMenamins snares Bothell property
The city council of Bothell, Wash., has agreed to sell Portland brewpub and lodging operator McMenamins five acres of property, including the historic Anderson Building, which would be converted into a hotel.
Family Dollar Third Quarter Comparable Store Sales Increase 7.0%
BofA remains largest U.S. bank
Bank of America Corp. remained the largest U.S. bank in the nation at the end of the first quarter based on assets and deposits, according to a survey by SNL Financial.
How to Choose the Right Franchise Location
Corner Bakery Cafe to Open 27 Locations with Two New Franchise Partners Helping to Double the Size of the Current System by 2014
DALLAS--(BUSINESS WIRE)--Corner Bakery Cafe Enters the Florida Market with CB Rest Holdings, LLC and Partners with Preferred Hospitality, Inc. to Open New Cafes in Southern California for a Total of 27 New Cafes.
YoCream reports improved sales
YoCream International Inc. said Wednesday that sales for its second fiscal quarter ended April 30 rose 11.4 percent to $14.06 million.
Li Ning triples size of Pearl District store
Less than three months after launching its first U.S. retail store, Chinese sportswear company Li Ning Co. Ltd. is tripling the size of its Pearl District store.
McDonald's sales rise in April
McDonald's Corp. said its strongest monthly U.S. same-store sales increase in some time led to a 4.9-percent jump in global same-store sales for the month of April.
Walgreens April Sales Increase 5.9 Percent
DEERFIELD, Ill.--(BUSINESS WIRE)--Walgreens (NYSE: WAG)(NASDAQ: WAG) had April sales of $5.68 billion, an increase of 5.9 percent from $5.36 billion for the same month in 2009
Texas Roadhouse's 1Q profit rises
Texas Roadhouse Inc. said its first-quarter profit increased 34 percent on improved same-store sales and favorable commodity costs.
Dave & Buster's to be sold for $570 million
Wellspring Capital Management LLC, the private-equity parent of Dave & Buster's Inc., is selling the 56-unit casual-dining chain to Oak Hill Capital Partners for $570 million, the companies said Monday.
The 50 fastest-growing restaurant chains
For nearly three of the past five years, the restaurant industry and the U.S. economy in general have faced crippling economic pressures. Consumer spending stalled, operating costs rose and lending was locked down, making expansion more than difficult for foodservice players large and small. Despite all of this, restaurant growth chains can be found.
McDonald’s: Strong sales continue in April
McDonald’s Corp. reported on Thursday first-quarter earnings growth stemming from same-store sales growth in all areas of the world, which it said was strong in March and continuing through April.
Togo’s Launches Franchise Expansion Program
SAN JOSE, Calif.--(BUSINESS WIRE)--Togo’s Sandwiches this weeks launches a franchise expansion program to include a series of seminars. The chain already has 10 restaurants scheduled to open this year.
NPC: Value will drive Pizza Hut sales
Signaling a possible turnaround for the 7,500-unit domestic Pizza Hut system that suffered through falling sales throughout 2009, NPC International Inc., the chain’s largest franchisee, said it expects double-digit growth in same-store sales for fiscal 2010’s first quarter.