"Right now, it is hard to find anything positive to hang onto, but in terms of other retail categories, [restaurant professionals] do have two things going for us," writes R&I's Dennis Lombardi. "First, restaurants tend to be a leading indicator for the economy. While we are the first to feel the pain, we also will likely be the first retail segment to see customers return." Read the full story >>
Senior Executive Chef Michael LaDuke explains how Red Lobster's culinary team added wood to the grills in the chain's 680 seafood restaurants. Read the full story >>
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"If you could buy a new Lexus for $7,000, instead of last year's price of $70,000, wouldn't you be tempted to buy two or three?" writes Chain Leader's Lane Cardwell. "That is what is going on with restaurant companies at this very minute. Not all of them are marked down 90%, but you can sure get some good deals out there." Read the full story >>
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Compiling lists and reviews of cheaper restaurants has long been a sideline of mainstream foodie blogs, but sites such as New York-based midtownlunch.com and Boston-based thefoodmonkey.com present a concentrated, up-to-the-minute approach, tracking such minutiae as a change in prices at a street-food cart or additions to cocktail-hour bar menus. Read the full story >>
Phil Roberts, CEO of Parasole Restaurant Holdings, is never short on ideas. Parasole plans to open a new concept--Burger Jones--using a vacant Applebee's space in a Minneapolis strip mall. Roberts estimates a May opening. Read the full story >>
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