McDonald’s Spent $48 Million to Push Bacon in February

March 18, 2019 by Leave a Comment

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“McDonald’s led all companies in advertising dollars spent at $48 million, less than what the chain allocated in January. Taco Bell (second on the list) cut its TV advertising funding by nearly half, likely due to Grubhub picking up most of the tab for its joint commercial with the chain touting limited time free delivery. Grubhub reportedly spent just under $7 million in ad dollars in February.

The biggest surprise of the month was Arby’s, which catapulted up 26 spots from January to crack the top 10 in advertising dollars spent. The quick service restaurant has completed a large sales turnaround in recent years by relying more on promotions and new deli meats to entice customers, according to Forbes. The chain’s success also led its parent company to acquire both Buffalo Wild Wings and Sonic in 2018.

Overall, quick service restaurants and pizza chains dominated TV advertising again in February, with Yum Brands’ subsidiaries — Taco Bell, Pizza Hut, and KFC — in the top 10 for the fourth consecutive month.  Olive Garden and Applebee’s, the casual restaurants that cracked the top 10 in January, ended February at 11 and 14, respectively, after shelling out more than $10 million each.”

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Filed Under: Cooking, Customer Trends, Enterprise Insight, Global Market Buzz, Heard on The Street, Operations, Shopbuzz, Trending Now Tagged With: , , , , , , , , , , , , , , , , , ,
March 15, 2019 by Leave a Comment

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https://paigepapers.com/2019/03/15/17504/

Filed Under: Baking, Cooking, Customer Trends, Events, Global Market Buzz, Operations, Opportunities, Proposals, Shopbuzz, Trending Now, Uncategorized, Your Restaurant

Yelp Will Now Tell You If a Business Is ‘Women-Owned’

March 13, 2019 by Leave a Comment

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“The restaurants and shopping reviews app and website is adding a feature that will tell customers whether a business is women-owned. Businesses owned by women can mark themselves as women-owned via their Yelp accounts, and the distinction will appear in the “more business info” section of a Yelp page alongside features like “accepts credit cards” and “gender-neutral restrooms.”

“We’re excited to help raise the profile of millions of women-owned businesses who drive the local economies of our cities and towns,” says Miriam Warren, Yelp’s vice president of engagement, diversity, and belonging. “We’re hopeful that this new attribute not only makes it easier to identify and connect with great women-owned businesses on Yelp, but that it also drives more dollars directly to the bottom line for these female-owned businesses.”

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Filed Under: Global Market Buzz, Local Market Buzz, Operations, Opportunities, Retail Spotlight, Trending Now, Your Restaurant Tagged With: , , , , , , , , , , , , , , ,

Toby’s Estate Doubles Capacity with New Bushwick Roastery Cafe

March 12, 2019 by Leave a Comment

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“Toby’s Estate has opened its second production roastery in the Bushwick neighborhood of Brooklyn, New York, alongside a new cafe space with seating for 40, a daily brunch menu and a pourover bar outfitted by Saint Anthony Industries.

The New York arm of the Australian-born brand created by Sydney native Toby Smith in 2001 is co-owned by Amber Jacobsen and Adam Boyd, who first opened a Toby’s Estate roastery cafe in Williamsburg in 2012.

Since then, Toby’s Estate has opened four other retail bars throughout Brooklyn, Manhattan and Queens, with a temporarily closed Flatiron location in Manhattan to be replaced this year by another Flatiron bar, according to the company.

At 8 Wilson Ave. in Bushwick, the new roastery will allow the company to double its current production capacity with the addition of a 22-kilo Probat roaster. The roastery will also be home to a new wholesale partnership initiative, through which cafes, restaurants or other wholesale partners can receive a more tailored coffee program.”

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Filed Under: Baking, Enterprise Insight, Events, Local Market Buzz, Openings, Operations, Opportunities, Shopbuzz, Trending Now Tagged With: , , , , , , , , , , , ,

West Village Favorite Gabe Stulman Is Eyeing the Iconic Great Jones Cafe Space

March 8, 2019 by Leave a Comment

“Looks like prolific West Village restaurateur Gabriel Stulman is trying to get in on the former space of Noho icon Great Jones Cafe. Stulman’s name is on the Manhattan Community Board 2 agenda, applying for a liquor license at the 54 Great Jones St. restaurant, as EV Grieve first pointed out.

He’s the second person to try and open a new business there; in the fall, a crew including a Tao vet applied to reopen Great Jones as a “modern American” restaurant. The Cajun restaurant closed in August after 35 years, a shutter that happened shortly after owner Jim Moffett’s death. It was known for being a lively neighborhood hang, a stand-by for locals and a late-night fixture.

Knowing that history, the last people to try and open a restaurant in the space told neighbors that it would maintain “the spirit” of the original Great Jones. What Stulman plans to do with it is to-be-announced; he declined to comment on the liquor license application.”

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Filed Under: Events, Heard on The Street, Local Market Buzz, Openings, Operations, Trending Now Tagged With: , , , , , , , , , , , , , ,

The Future of Hotel Dining Will Be Branded

March 7, 2019 by Leave a Comment

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“Paris-based Accor is one of the world’s largest hospitality companies, with more than 4,500 places to stay (homes and hotels) in 100 countries and 10,000 dining outlets that — according to Accor CEO of food and beverage and lifestyle, Amir Nahai — generate more than 5 billion euros, or $5.7 billion U.S. dollars, in revenue on an annual basis.

And now that SBE, the Los Angeles-based hospitality group whose hotel and restaurant brands include the Mondrian, SLS, Delano, Cleo, Katsuya, and Umami Burger, is partly owned by Accor, you can expect to see more of those thousands of restaurants and bars being rebranded under SBE.

Over the next seven years, Accor and SBE plan to open at least 100 Umami Burger restaurants worldwide, as well as focus on opening other SBE dining and beverage brands such as Carna, SkyBar, and Dandelyan within Accor properties.”

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Filed Under: Cooking, Customer Trends, Enterprise Insight, Operations, Your Restaurant Tagged With: , , , , , , , , , , , , , , ,

Murray’s Opens a Mac-and-Cheese Restaurant in the West Village

March 5, 2019 by Leave a Comment

Murray’s has a cheese store that also sells charcuterie and condiments on this busy West Village block, and, a few doors down, Murray’s Cheese Bar, serving wine and a cheese-friendly menu. Now, in an empty storefront, formerly Amy’s Bread, on the same block, the company has opened a macaroni and cheese restaurant. It’s a counter-service spot, with 20 seats, featuring a build-your-own menu. Start with a bowl of pasta cooked with cheese and other ingredients, then add other cheeses, vegetables, meats, sauces and toppings, all in four possible portion sizes (snack to family). Classic, barbecue, French onion and Buffalo chicken are among the style and flavor options. The pastas — all radiatori — are made by Sfoglini, a pasta company in upstate New York. There’s also a breakfast mac and cheese made with sausage, bacon, egg and Cheddar that’s served only on Saturdays and Sundays.

254 Bleecker Street (Leroy Street), 212-243-3289, ext. 350, murrayscheese.com.

See more Openings here.

Filed Under: Cooking, Heard on The Street, Local Market Buzz, Operations, Trending Now, Your Restaurant Tagged With: , , , , , , , , , , , , , , , , ,

Billionaires Are Betting Big on Alternative Meat

March 4, 2019 by Leave a Comment

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Creating designer protein that can make your veggie burger taste like the real thing is as easy as brewing beer. Or at least that’s what a new subsidiary of Boston-based bio-manufacturing startup, Ginkgo Bioworks Inc., says.

Ginkgo’s Motif Ingredients, which aims to replicate animal protein for meatless alternatives, is getting $90 million from investors including Breakthrough Energy Ventures, whose board includes tech billionaires Jeff Bezos, Bill Gates and Jack Ma. Commodity powerhouse Louis Dreyfus Co. and Fonterra Co-operative Group Ltd, New Zealand’s dairy-exporting giant, are also backing the company.

The goal at Ginkgo is to get alternative products to market faster, chief executive officer Jason Kelly said in an interview. In a statement announcing the funding, the company likened making alternative foods to the beer-brewing process, because vital ingredients such as vitamins, amino acids, enzymes, and flavors are made through fermentation with genetically engineered yeasts and bacteria. Eliminating extra time in the lab can streamline the process and make it go faster, Kelly said.

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Filed Under: Cooking, Global Market Buzz, Heard on The Street, Operations, Opportunities, Organic, Shopbuzz, Trending Now, Your Restaurant Tagged With: , , , , , , , , , , , , , , ,

Conduct Research Before Giving a Sales Demo

March 1, 2019 by Leave a Comment

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“During sales discovery calls, one of the best ways to move a lead further down the funnel is to ask plenty of open-ended questions, and to listen carefully to the answers. It helps build a relationship with the buyer and allows you to tailor your sales presentation to match their needs.

But when it comes to running a demo with a c-level executive, asking questions is a big no-no. The time for questions is before your demo. C-level executives expect you to be fully informed about their pain points and current solutions. They want you to arrive armed with deep knowledge about their business, and to use your demo to show them how they can solve their challenges.

They don’t want to spend their sales meeting telling you about their needs. They want you to present a personalized, relevant sales demo that shows exactly how your product meets their needs and adds extra value. That’s why you have to do your homework in advance.”

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Filed Under: Global Market Buzz, Local Market Buzz, Meet The Owner(s), Operations, Opportunities Tagged With: , , , , , , , , , , , , , , , , , , ,

Free webinar: Optimize Operations by Running a Data-Driven Restaurant

February 27, 2019 by Leave a Comment

Free webinar: Optimize operations by running a data-driven restaurant

“(…) Now, on the afternoon of Thursday, March 7, Focus Brands Manager of Retail IT Systems Tyler Schack will join with Revel Systems Sales Engineering Manager Wajih Rahman to share how the two companies partnered to improve business at more than 1,200 brand locations that use Revel’s POS. The free hour-long webinar will give listeners a peek behind the curtain at how Focus uses data to drive profits.

Listeners will learn how Schack and others at the Focus brands first created a powerful framework for data collection and analysis and then put the findings to work to improve everything from overall on-the-job performance to more efficient operating practices, higher margins and a more impactful customer experience.”

See more here.

Filed Under: employees, Enterprise Insight, Global Market Buzz, Local Market Buzz, Operations, Opportunities, Your Restaurant Tagged With: , , , , , , , , , , , , , , , , , ,
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