Especially in this industry. Fast Food | May 2019 | Danny Klein. Leben und Wirken. As always, thanks for reading! Danny Klein, QSR magazine. The restaurant industry boomed out of the Great Recession and chains expanded to meet consumer demand. In an FSR story published last March, Mirus Restaurant Solutions CEO Dave Bennett made a comment that stuck with me. Introducing Trends: visualize news in real-time and discover top authors or outlets. And it appears the progress was a sign of lasting recovery. Your email address will not be published. Danny Klein. View Danny Klein’s profile on LinkedIn, the world's largest professional community. Bennett believes the industry could see a significant 15 percent reduction in restaurant locations over the next few years. Subscribe. A breakdown of the biggest restaurant stories from around the industry, from the editors at QSR and FSR magazine. Find the best way to get in touch with Danny by joining Muck Rack. We’re talking 100,000 or so restaurant sites. ... More from Danny Klein But what makes Shake Shack’s expansion so interesting to me is the inflection point. But for those who can’t, they’re “on the bubble,” said industry consultant Darren Tristano. Some of its investments include Noodles & Company, Hopdoddy Burger Bar, Uncle Julio’s, Anthony’s Coal Fired Pizza, Protein Bar and Kitchen, and others. Yum! As we’ve witnessed throughout the business, restaurants are raising prices to remain viable and cover traffic gaps. I could almost see it splitting into two industries: retail-focused and convenience, where the food is brought to you,” Bennett said. Not So Fast, Zaxby’s Says, Arby’s Make a Difference Campaign Puts Power in Franchisees’ Hands, Inspire Brands, Dunkin' Discuss Potential $8.8 Billion Deal, Outback Gets Ready to Unleash New Growth Brands, New Restaurants are Starting to Open in the Pandemic, Chipotle’s Digital Business Fast Approaches $2.5 Billion, Inside Bar Louie’s Emergence from Bankruptcy and $82.5M Sale, The Updated Guide to Running a Safe Restaurant During COVID-19, McDonald's Happy Meals are Still Getting Healthier, Another Broken Egg Regains its Pre-COVID Momentum. That’s really something only Chick-fil-A can claim at major scale. The fast casual returned to positive sales in September. 746 others named Danny Klein are on LinkedIn. 6,591 subscribers. Find the best way to get in touch with Danny by joining Muck Rack. A consistent observation throughout the pandemic is that consumers have clung to comfort foods during an uncomfortable time. Raleigh-Durham, North Carolina Area. C-Store Choice Market Secures Funding to Grow. Consolidation. Houston billionaire Tilman Fertitta’s Landry’s has been on a buying spree. In addition, Klein points out various brands that are decluttering their menu board layouts by cutting combo meals in half or minimizing the number of price points offered. We’ll be back next week. The fast casual is now delivering in 43 states nationwide. Recruiting talent, retaining top employees, and engaging staff will always give companies a leg up. Companies typically operate as normal during a restructuring process and emerge either with a new owner or smaller footprint. The 66-unit salad brand announced Thursday that it’s agreed to acquire Dos Toros, a 21-store chain across New York and Chicago. The result, as The Wall Street Journal pointed out, is that restaurants began growing at twice the rate of the population—a fate akin to the one that struck retail and malls toward the end of the 2000s. Hard to say right now. The five times weekly e-newsletter that keeps you up-to-date on the latest industry news and additions to this website. A lot of discussions have been held and predictions shared when it comes to restaurant closures and COVID-19. Krystal wrote in a filing that it “experienced strong industry-specific headwinds due to a combination of shifting consumer tastes and preferences, growth in labor and commodity costs, increased competition, and unfavorable lease terms.”, It went on to credit the “proliferation of fast-casual restaurants as well as online delivery platforms has created new competition for traditional quick-service chains. The deal is the industry's largest since 2014. The South’s oldest fast-food chain filed for Chapter 11 bankruptcy protection January 19. Technology | April 2019 | Danny Klein. The brand said 2020 will focus not on new-market entry but on building awareness around existing restaurants (only 10 percent this year). The fast casual is now delivering in 43 states nationwide. With Digital Surging, Panera Joins the Pizza Category, Arby’s Make a Difference Campaign Puts Power in Franchisees’ Hands, End of the Chicken Sandwich Wars? “Owners had to make a decision — whether to keep their employees and get that [PPP] loan forgiven, or to take a gamble that they could rebound to prior sales levels.” Indeed, our analysis shows that, of PPP funds directly benefited the restaurant industry, and a new. So began my interview today with Danny Klein of Journalistic’s Quick Service Restaurants (QSR) Magazine. Let’s jump to why the chain said this happened. Cheesecake Factory Prepares to Close RockSugar, Starbucks to Close 800 Stores as it Readies for the Future. Danny has 7 jobs listed on their profile. The firm holds roughly $20 billion worth of equity capital across 17 offices in the world. McDonald’s same-store sales charted into positive territory in July after four months of COVID-19-hampered results. filed for Chapter 11 bankruptcy protection January 19, That’s really something only Chick-fil-A can claim at major scale, The 66-unit salad brand announced Thursday that it’s agreed to acquire Dos Toros, selling the company’s Double Eagle Steakhouse and Del Frisco’s Grille concepts to Tilman Fertitta’s Landry’s, Inc, Will the coronavirus relief package actually…, Coronavirus: ‘The worst thing that has ever…, The coronavirus crisis: restaurants are the…. Expensive leases, declining customers, upward costs thanks to wage rates and commodity inflation. The Issue with Being Everyone’s Friend When You're the Boss, Polls Show Optimism Among Returning Restaurant Patrons, “So you’re seeing some chains like Papa John’s and Wingstop, who are setting these record-high numbers. While that might sound doom-and-gloom at its finest, it’s just the nature of a consumer-centric industry. The deal is the industry's largest since 2014. McDonald’s drive-thru times have increased, year-on-year, for the last five. Kolache Factory Offering Free Deal on National Coffee Day. But perhaps more notable, it signaled the creation of Founders Table Restaurant Group, a L-Catterton-backed holding company that could serve as a growth platform. Panera’s Delivery Program Goes National. just added The Habit Burger. But for the sake of this week’s roundup, let’s focus on bankruptcies. And that number is growing. Should Restaurants Charge More During COVID-19? Sam Jones wasn't going to let COVID-19 get in the way. Raleigh-Durham, North Carolina Area. Worldwide, according to recent data from App Annie, consumers spent $101 billion on apps in 2018. of Journalistic’s Quick Service Restaurants (QSR) Magazine. As this unfolds, expect to see more nontraditional growth—airports, stadiums, etc.—as Shake Shack evolves from a hot brand to a mature one. Here’s a crazy series of stats: Today, 60 percent of Shake Shack’s U.S. units are less than three years old. The average age of restaurants across Shake Shack’s 163 U.S. corporate system (there are another 111 licensed units) is just 2.9 years. “They remain focused on the quality of the food and the hospitality of each and every customer interaction. McDonald's. Rascal House Brings Fiesta Crunch Pizza to Menu . Starbucks' Rewards has nearly 17 million members. Danny Klein Tel Aviv's University graduated. Then, on the other side of that coin, you have full-service restaurants who are struggling, because the majority of full-service restaurants were generating close to 90% of their business inside before COVID-19.” So began my interview today with Danny Klein of Journalistic’s Quick Service Restaurants (QSR) Magazine. Below are some easy ways to join our email lists. Franchisees own another 116. Danny Klein Director of Digital Content at Food News Media | QSR magazine | FSR magazine. The legacy burger brand, founded 1932 on a downtown street corner in Chattanooga, Tennessee, reported assets between $10 and $50 million, and liabilities between $50 million and $100 million. Danielle Schoovaerts, als Musikerin vor allem bekannt als Dani Klein, begann ihre Karriere als Backgroundsängerin für einige flämische Bands – darunter das Elektronik-Projekt Arbeid Adelt! Krystal is a brand with massive guest affinity, which isn’t something everybody lean on. So, what’s the future? Shake Shack can refine its marketing budget. Director of Digital Content at Food News Media, publisher of. By Danny Klein qsrmagazine.com — Restaurant Brands International isn’t abandoning its ambition to hit 40,000 restaurants in the next decade. “For every restaurant that opens, we close one.”. Taco John’s Debuts New Bigger. The company sees opportunities for strategic alliances.
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