chew on this
Posted by Dale Buss on December 4, 2013 11:07 AM
The gourmet burger is king in fast-casual restaurants these days, but gourmet pizza may be threatening the throne.
Olive Garden is the latest chain to bow to the rise of gourmet burgers. In a move that doesn't at first glance seem to fit with its Italian menu, the Darden-owned brand has introduced its Italiano Burger nationwide as part of a broader menu overhaul. The burger is topped with crisp prosciutto, mozzarella cheese, arugula, tomatoes marinated in fresh basil, and garlic and Italian spices, according to NRN.com. And it's served with a garlic aioli spread and comes with parmesan-garlic fries.
But it's still a burger. And that's the point: To combat slower sales, Olive Garden is trying lots of new stuff. "The objective is to regain same-restaurant traffic momentum," CEO Clarence Otis said in September when discussing earnings, according to NRN.com.Continue reading...
Posted by Dale Buss on December 3, 2013 09:13 AM
Amazon finds sales-tax challenge rejected by US Supreme Court as it opens holiday pop-up shops in malls across America.
Facebook adds more "news" to news feed as site proves its worth to CPG marketers.
Chrysler posts 16 percent rise in November sales.
Apple buys Twitter-data tool.
Audi seeks edge over BMW in high-tech headlights.
BP could be spared hundreds of millions by court ruling.
Canon connects consumers with Santa.
Constellation Brands is alleged to mislead on US beer prices.
Cyber Monday blew past $2 billion in online sales.
Dow Chemical launches margin-boosting makeover and considers name change.
Enterprise launches loyalty points-doubling promotion.Continue reading...
chew on this
Posted by Dale Buss on October 24, 2013 07:12 PM
Chili's is being challenged like other full-service restaurants by the reticence of American consumers to spend big on eating out. But brand executives this week discussed a passel of new initiatives designed to work past the slump and make Chili's a place that can't be bypassed.
"We will drive relevance with our guests by innovating and renovating our menu" and taking other measures, Wyman Roberts, CEO of Brinker International, Chili's parent, told participants in a conference call, according to FoodBusinessNews.net.
Chili's third quarter was utterly forgetable, hurt by a decline in same-store sales of the sorts that are hitting other full-service chains such as Darden's Olive Garden and Red Lobster restaurants. "The malaise we have seen in the category didn't let up this quarter," Roberts said, according to Reuters.Continue reading...
Posted by Dale Buss on September 26, 2013 06:37 PM
Besides poor sales this year that are resulting in layoffs, Darden Restaurant Group now is getting more pressure over its pay, similar to the "living wage" critique that lately has been leveled against the fast-food industry.
Only in the case of Darden and its Olive Garden and Red Lobster brands, critics are pointing out that operators can pay sub-minimum wages in many states because of tipping laws. That concern was the main subject of an opinion piece, titled "Why Your Waiter Hasn't Gotten a Raise in 22 Years," that received wide circulation recently.
Sub-minimum wages "hel[p] large restaurant corporations and their CEOs pad their bottom lines while trapping millions of American workers in economic insecurity," argued Scott Klinger of the Institute for Policy Studies.Continue reading...
Posted by Dale Buss on September 10, 2013 09:32 AM
Neiman Marcus majority stake sold for $6 billion to Canadian, US investment partners.
Apple will reveal new products today and may put focus back on fingerprint security with latest iPhone.
McDonald's tries multi-person meals.
Abercrombie & Fitch loses bias suit over firing Muslim woman.
Burger King stretches with "sense-swap" campaign.
Campbell bets on child-centered new campaign.
Dunkin' Donuts launches first TV ad made entirely from Vine.
Furniture Brands files for Chapter 11.
Gatorade grows market share with G Force sales and marketing team.
Google offers antitrust concessions to EU.
Hyundai workers end strike after reaching wage deal.
Jaguar mulls small SUV to challenge BMW.
L'Oreal attacks e-commerce.Continue reading...
Posted by Alicia Ciccone on June 27, 2013 09:30 AM
Chanel is China's favorite luxury fashion brand, according to new report.
General Mills recasts Yoplait Greek yogurt with new agency, formula.
Smith & Wesson fourth-quarter earnings double on boosted sales.
21st Century Fox will hitch a ride on Team Sky's Tour de France uniforms.
Paula Deen hires crisis PR firm as sponsors continue to flee.
Facebook rolls out rainbow 'pride' emoji after DOMA decision.
FDA rejects four new tobacco products, exercising tobacco regulation for first time.
Intel has internal launch date for Pay-TV service.Continue reading...
Posted by Alicia Ciccone on June 21, 2013 09:16 AM
Nike brand president Charlie Denson to retire.
Tesla unveils 90-second battery pack swap.
Cooking Light Magazine rolls out food line.
Apple wins suit against Samsung over screen effects.
Darden Restaurants sees better quarter on expanded Olive Garden, Red Lobster menus.
Electrolux introduces vacuum that plays music.
HTC hires Robert Downey Jr. for $12 million ad campaign.
Carl Icahn joins Twitter, saying 'I like it almost as much as I like Dell."
Mozilla moves ahead with cookie-blocking browser.
Phoenix Suns debut new look for next season.Continue reading...
Posted by Dale Buss on May 1, 2013 09:15 AM
Apple sells largest corporate-bond offer in history.
Monster sues to halt effort to curb energy drinks.
Twitter opens up self-serve ad platform to all businesses.
Chrysler Group auto sales rose 11 percent in April; Ram truck sales were up 49 percent.
Coda Holdings electric-vehicle maker files for bankruptcy.
College Football Playoff unveils new (and quite boring) logo.
Domino's results ride pan pizza wave.
Fisker Automotive fell apart because it sought too much, too fast.
Ford says sales of Lincoln MKZ have shaken off supply and launch problems.Continue reading...