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
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Pairing Wine And Food At Oriole, A Michelin Two-Star In Chicago
Share to Twitter Share to Linkedin Creating the ideal pairing of wine and food is something that many of us struggle with, and would love to know more about how to make this task a bit more simple. So where to turn to for guidance? How about the wine director at Oriole, a Michelin two-star restaurant in Chicago? Her name is Emily Rosenfeld, and I sat down recently with her to learn her thoughts about what makes for a great wine and food pairing, both specifically with the food at Oriole where she selects all the wines, but also in general, regarding more common dishes consumers enjoy at home. Originally from Indianapolis, Rosenfeld worked in the restaurant industry there for several years. Always looking to learn more, she would make the short trip to Chicago often to discover top restaurants and try new wines. Eventually realizing that there would be a greater selection of prized wines from around the world in Chicago compared to her hometown, she moved … [Read more...] about Pairing Wine And Food At Oriole, A Michelin Two-Star In Chicago
Practical Principles For Your Company’s Path To Personalization (Part One)
Share to Twitter Share to Linkedin John Thomas serves as chief strategy and innovation officer at Relay Network , a complete customer engagement solution for the enterprise. Much has been written recently on how companies can better personalize the customer experience. Many consumers expect personalization, and executives want to deliver personalization to their customers. Yet, some companies continue to struggle with exactly how to translate personalization from a strategy deck to actual customer interactions at a reasonable cost and time frame and at scale. I’ve found the scholarly articles that suggest capturing more data, using it better in real time, driving segments and personas, and delivering more relevant content often fall short of how exactly to put these ideas into practice considering data and infrastructure realities. Truth is, I’ve had the opportunity to work on personalization across four different industries in the last 10 … [Read more...] about Practical Principles For Your Company’s Path To Personalization (Part One)
Prevent State Tax Issues Before You Move 529 Funds To An IRA
Share to Twitter Share to Linkedin The Secure Act 2.0 brought about several consumer-friendly policies that should help people save more over time, as well as more flexibility when it comes to how funds in a 529 college savings plan can be used. Specifically, families will soon be able to move up to $35,000 from a 529 college savings plan into a Roth IRA for the account beneficiary, although annual contribution limits apply. This becomes an option for savers in 2024. Because annual contribution limits come into play here, maximizing the cap on this benefit will take several years. In fact, the Internal Revenue Service (IRS) has set the annual contribution limit across all IRA accounts at $6,500 for 2023 (unless you're 50 or older, in which case you can contribute up to $7,500 per year). ADVERTISEMENT The 529 plan making the transfer must also be open for at least 15 years, so it's not possible to open an account, fund it quickly, then move money … [Read more...] about Prevent State Tax Issues Before You Move 529 Funds To An IRA
Can You Use Your 529 To Take A Cruise?
Share to Twitter Share to Linkedin “Has anyone had clients actually do the apocryphal story of a client using a 529 to go on a continuing education cruise of Europe?” asked one of my peers in a recent forum, “Trying to figure (this out) after client asked.” Can You Get An Education At Sea? There are a host of companies offering education opportunities in combination with a cruise. Continuing Education, Inc. claims to have, “over 100 Continuing Medical Education and Dental CE cruise conferences.” This allows medical professionals to fulfill the requirements of their professional designation in combination with a vacation. There’s also University at Sea, CME Away at Sea, AEA Optometric Cruise Seminars, and many, many more companies that would gladly give a professional continuing education classes and an excuse to vacation. However, these are all continuing education classes, not college courses from an accredited school. These are for-profit companies … [Read more...] about Can You Use Your 529 To Take A Cruise?
Teriyaki Madness: Building A Japanese Restaurant Powerhouse Through Franchising
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
Reviving Retail: The Recommerce Revolution Is Helping Cash-Strapped Consumers
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
Lyft’s CEO and president are stepping down; the company names David Risher as new CEO
Lyft cofounders Logan Green and John Zimmer are stepping back from day-to-day responsibilities as CEO and president, respectively, the company announced Monday . Former Amazon executive David Risher , who has been on the company’s board since 2021, will take over Green’s spot as CEO starting in mid-April. Green and Zimmer will retain their seats on the board. Green will transition to chair of the board, while Zimmer will continue as vice chair. Green and Zimmer cofounded Lyft in 2012. The pair took the company public in 2019. The Wall Street Journal first reported the news. Shares of Lyft jumped in after-hours trading Monday more than 5%. But the company has faced a wave of trouble in the past few years, as the COVID-19 pandemic hampered travel; Lyft wasn’t able to offset those loses with food delivery (which has been a boon for rival Uber ). Shares are down more than 70% in the past year, not including Monday’s afternoon jump. advertisement “After … [Read more...] about Lyft’s CEO and president are stepping down; the company names David Risher as new CEO
Alzheimer’s Breakthrough? Researchers Find New Omega-3 Acid That Could Reduce Vision Loss In Patients
Share to Twitter Share to Linkedin Topline Researchers have developed a new omega-3 fatty acid that could potentially stave off visual declines in Alzheimer’s patients, according to a new study published Monday, though there is still no cure for the debilitating disease, which affects nearly 6 million Americans. Key Facts Researchers at the University of Illinois, Chicago, developed an omega-3 fatty acid called docosahexaenoic acid, which they say can cross into the retina of an eye to reduce visual declines among people with Alzheimer’s disease—the most common type of dementia that slowly erodes cognitive abilities and memory. In lab tests using mice, researchers found the intake of the fatty acid increased the presence of the acid in the mice’s retinas and reduced visual impairments similar to those in human Alzheimer’s patients. The acid, also called DHA, is different from a similar omega-3 acid found in the daily supplement fish oil, … [Read more...] about Alzheimer’s Breakthrough? Researchers Find New Omega-3 Acid That Could Reduce Vision Loss In Patients
Here’s Everything We Know So Far About The Transgender Nashville Shooter
Authorities identified Audrey Hale, a 28-year-old female who identified as transgender and used “he/him” pronouns, as the suspected Nashville elementary school mass shooter Monday. Police say Hale killed three adults and three nine-year-old children at the Covenant School, a private Christian elementary school the suspect reportedly once attended. Metropolitan Nashville Police Chief John Drake says Hale might have resented attending the school as a potential motive for the mass shooting , per CNN . (RELATED: Nashville School Shooter Identified As Transgender Artist) @nossicollegeart listed Hale as a student on the spring 2016 dean’s list, but the website seemingly has been updated to remove her name. We reached out to ask why Hale has suddenly been wiped from the website. They refused to comment @DailyCaller https://t.co/tWaHlMLoBb — Brianna Lyman (@briannalyman2) March 27, 2023 Drake told reporters Hale planned the attack by allegedly surveilling the … [Read more...] about Here’s Everything We Know So Far About The Transgender Nashville Shooter