CBD-Infused Food and Drinks Have Been Banned From NYC Restaurants and Bars

February 11, 2019 by Leave a Comment

“If you’ve been relying on a smidgen of CBD oil in your latte to relax after a long day at work, you might want to look into alternative methods of decompression (at least temporarily).

According to the New York Daily News, as of Tuesday, the New York City Department of Health is prohibiting restaurants and bars from selling any and all perishable products containing cannabidiol (or CBD, for short), a compound found in marijuana purported to have therapeutic effects.

This might seem dire, but the ruling was basically inevitable. When it comes to the ever-fluctuating invocations of cannabis law, state governments aren’t going to take any chances with validating CBD oil as a safe ingredient until the compound is confirmed to be harmless on a federal level. CBD oil was banned from Californian food last July, and authorities in Maine are taking steps to strip businesses of the marijuana-adjacent treats this week.”

Read more here.

Filed Under: Closings, Customer Trends, Events, Global Market Buzz, Heard on The Street, Local Market Buzz, Shopbuzz, Your Restaurant Tagged With: , , , , , , , , , , , , , , , , , , , ,

Digital Ordering to Triple by 2020

February 8, 2019 by Leave a Comment

Restaurant mobile app

Restaurant digital orders have grown an average of 23 percent, per year since 2013, and will triple by the end of 2020, according to a report from NPD Group.

The report, called Delivering Digital Convenience, found that 70 percent of a restaurant’s digital orders come through its mobile app or its website, with the remaining orders coming through third-party apps or websites. Customers used the restaurant’s own app most of the time because of rewards points or savings, and other brands appeal to customers because they want to create a custom order or take friction out of the ordering process.

Third-party apps like DoorDash, UberEats or Grubhub/Seamless accounted for 40 percent share of the 20 most used apps, and are used by consumers who want to look up various food items and check prices.

“Digital orders will remain an outsized source of growth for the restaurant industry over the next few years, and operators who desire to grow need to embrace a digital strategy,” said David Portalatin, NPD food industry adviser and author of Eating Patterns in America, said in the announcement. “There are clear leaders in the digital ordering space, and third-party providers who have achieved critical mass the fastest.”

See more here.

Filed Under: Events, Global Market Buzz, Local Market Buzz, Opportunities, Shopbuzz, Trending Now, Your Restaurant Tagged With: , , , , , , , , , , , , , , , ,

Restaurant Menu Trends: What to Expect to See on More Menus in 2019

February 7, 2019 by Leave a Comment

2019 restaurant menu trends

1. CBD (Cannabidiol) — up 99%!

It was only a matter of time before cannabidiol—or CBD—made its way into the restaurant industry. The non-psychoactive derivative from the cannabis plant has helped consumers looking for relief from inflammation, pain, anxiety, insomnia, seizures, spasms, and other conditions without the negative side effects of some pharmaceutical drugs.

According to the National Restaurant Association’s (NRA) What’s Hot Culinary Survey, a barometer of U.S. food and beverage trends, 650 professional chefs—all members of the American Culinary Federation—said infusing food and drink with cannabis and CBD could create unique cuisine opportunities and potential new markets for experiential dining occasions. Of the survey’s respondents, 77 percent identified cannabis/CBD-infused drinks as the number one trend in the restaurant industry right now, and 76 percent tapped cannabis/CBD-infused food as the second most popular trend.

Data from Upserve customers revealeda 99 percent increase in CBD menu items in 2018, setting up 2019 as the year of CBD. From baked goods to CBD-infused beverages, restaurants across the country are responding to a consumer demand to chill out.

“There has been growing popularity and support around CBD, and if it makes people happier and less stressed, then why not give the public what they want?” says Nick Duckworth, owner of cafe Banter NYC. They currently only sell Dirty Lemon CBD, a packaged, CBD-infused drink, but will be expanding their CBD offerings in 2019, allowing customers “to add CBD drops to most beverages.”

View all 2019 Menu trends here.

Filed Under: Customer Trends, Events, Global Market Buzz, Heard on The Street, Operations, Organic, Trending Now, Your Restaurant Tagged With: , , , , , , , , , , , , , , , , ,

Papa John’s Accepts $200 Million Investment From Activist Hedge Fund

February 6, 2019 by Leave a Comment

Image result for papa johns

“Papa John’s International Inc. is handing over the keys to the embattled pizza chain in exchange for a $200 million investment.

Activist fund Starboard Value LP is supplying the funds and its chief executive officer, Jeffrey Smith, is becoming chairman. He steps into the role vacated last year by Papa John’s founder John Schnatter after reports emerged that he used a racial slur. Schnatter tried to make his own similar deal and said he was shot down.

The infusion comes as the pizza chain also reported preliminary results for the fourth quarter and last year that missed analysts’ estimates. The company had already been in a sales slump before the latest controversy began last summer. Papa John’s plans to use the proceeds to repay debt and invest in the business, it said in a statement. Starboard is making its investment through the purchase of new convertible preferred stock, and the deal includes the option of an additional $50 million investment.

Shares of Papa John’s gained as much as 11 percent to $42.74 in New York trading Monday, the biggest intraday jump since July.”

See more here.

Filed Under: Events, Global Market Buzz, Heard on The Street, Operations, Opportunities, Shopbuzz, Trending Now Tagged With: , , , , , , , , , , , ,

Hy-Vee App Aims to Reduce Food Waste and Save Money

February 5, 2019 by Leave a Comment

“Hy-Vee Inc. has begun piloting a mobile shopping app that helps grocery retailers cut back on food waste. Called Flashfood, and developed by a Toronto company of the same name, the app enables consumers to browse and buy food items nearing their “best before” date at “significantly reduced” prices, Hy-Vee said Friday.

To use Flashfood, customers download the free app (available in iOS and Android versions) and then start shopping deals on items such as meat, dairy, bread and snacks. Purchases are then made directly from their smartphone and picked up at any time from the Flashfood Zone shelves or refrigerators in the store.

The program gives consumers a way to lower their grocery bill and help the environment by reducing unnecessary food waste, according to Flashfood.”

Read more here.

Filed Under: Customer Trends, Global Market Buzz, Heard on The Street, Operations, Shopbuzz, Trending Now Tagged With: , , , , , , , , , , , , , ,

A New Bill Proposes Foie Gras Ban for NYC

February 4, 2019 by Leave a Comment

Foie gras could soon be illegal to eat in NYC. A new bill from lower Manhattan councilwoman Carlina Rivera is proposing that the sale of the fatty duck liver be illegal, on the basis of animal cruelty. The bill proposes that violators would be guilty of a misdemeanor, with the potential for $1,000 in fines and one year in jail for each offense. The bills follows the Supreme Court rejecting a challenge on California’s foie gras ban. Brooklyn councilman Justin Brannan backs the bill, telling the Post, “Don’t tell me you’re a fan of the Central Park Mandarin duck but you think foie gras is ok.”

Read more here.

Filed Under: Cooking, Heard on The Street, Trending Now, Your Restaurant Tagged With: , , , , , , , , , , , ,
«Previous Page