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Share to Twitter Share to Linkedin The doomsayers who predicted the literal demise of the U.S. restaurant industry after Covid—especially at the fine dining level—proved myopic in the extreme. A new study called the “Agency Forward Restaurant Survey” compiled by Nationwide Insurance, which both insures and advises restaurants on coping with inflation to supply chain issues shows that every segment of the industry has not just survived but in many cases is thriving well past pre-pandemic levels of business. To explain the findings I spoke with Peter McMurtrie, President of Commercial Lines at Nationwide: You say reservations have returned to pre-pandemic levels. Does this apply as much to fast food and chain restaurants (which are mainly walk-in) as with higher end and fine dining? While this research study only focused on fine dining, fast casual and family-style restaurants, recent research as well as our interactions with customers have shown fast food … [Read more...] about The US Restaurant Industry Has Bounded Back from Covid At Every Level From Fast Food To Fine Dining

Share to Twitter Share to Linkedin The cost of living crisis continues to challenge UK shoppers, as prices for food essentials like bread, milk and cheese continue to rise. The stark reality of the impact of food price inflation can be seen in the latest figures from the Department for Work and Pensions (DWP) which tell us that 3 percent of families across the United Kingdom (2.1 million people) used a food bank in the year ending March 2022. In a true north/south divide reality, families in the north of England and Scotland were most likely to interact with a food bank service in the last year. As the appetite for non-essential shopping continues to be suppressed, more consumers are turning to second hand sales platforms and discount retailers as a way to save. UK sales volumes saw a 1.2 percent in February 2023 according to figures from the Office for National Statistics (ONS); the most significant increase since October 2022 but nonetheless subdued. … [Read more...] about Reviving Retail: The Recommerce Revolution Is Helping Cash-Strapped Consumers

Share to Twitter Share to Linkedin Experts attribute that the fascination with Japanese food in the U.S. started in New York City back in 1964 when wrestler turned restaurateur Hiroake “Rocky” Aoki launched Benihana. Its hibachi steak was prepared right in front of guests on a grill at the table and created quite the stir. In fact, Benihana is still going strong with about 75 eateries in about 25 states. Since then, a slew of Japanese restaurant chains such as Jinya Ramen Bar and Kura Sushi, regaled for its serving sushi on its revolving conveyor belt, have flourished in the U.S. But the Japanese restaurant chain that has been most adept at expanding has been Teriyaki Madness, based in Denver, Co. It has grown due to the power of franchising since 129 of its 130 restaurants are franchised. For example, in 2022 it expanded by 29 locations; every one of which was franchised. Of those 130 locations, 126 of them are based in the U.S., spanning 26 states. … [Read more...] about Teriyaki Madness: Building A Japanese Restaurant Powerhouse Through Franchising

Share to Twitter Share to Linkedin Here are two words you wouldn’t expect to see in the same sentence: mobility and Big Mac. Yet UK startup Helixx has introduced a way to quickly assemble a slate of low-cost electric commercial vehicles based on the method McDonalds, like many other fast food franchises, uses to build its burgers. Initially on Helixx’s fast-fleet menu are the CARGO, a delivery van, TRUCK caters to the construction business, the open-bodied TUK and close-bodied RIDE are aimed at ride-share and taxi fleets. But they won’t be built in expansive central assembly plants. Helixx’s secret sauce is its concept of factories in a box it called Helixx Mobility Hubs. Think of each hub as a fast-food restaurant that both assembles and markets its products. Similar to a franchise arrangement, Helixx sells licenses to its technology and it provides everything the license holder needs to build and operate a factory, then market the vehicles on a … [Read more...] about Helixx Introduces Mc-Mobility Small EV Manufacturing Concept

Share to Twitter Share to Linkedin Dining at San Francisco's Michelin-starred restaurant Sons & Daughters is an intimate experience, one in which refined hospitality and attention-to-detail meets new Nordic inspired cuisine prepared with an emphasis on both seasonality and sustainability. Recently appointed Executive Chef Harrison Cheney brings to Sons & Daughters over 14 years of formidable culinary experience, having spent a quarter of his culinary career at two Michelin-starred Gastrologik in Stockholm. Before that, he worked with acclaimed Michelin-starred chefs Phil Howard at The Square in London and Michael Tusk at Quince, and at The Ledbury at Notting Hill. Since becoming Executive Chef, he's introduced an impressive 18 course tasting menu that truly takes diners on a culinary journey, one that takes ingredients at their very peak of ripeness and refines them in exceptional ways that bring out the essence of their being. An example? The … [Read more...] about Recently Appointed Executive Chef Harrison Cheney Brings New Nordic Influence To Michelin Starred Restaurant Sons & Daughters