Dunkin’ and other quick-service franchise owners face some big challenges as we head into the summer. The good news is that the economy is picking up steam, with rising demand for everything from coffee and snacks to cars as people return to work. But as the economy comes back to life, the quick-service restaurant sector…
Read More »Just about one month ago, the 2018 Restaurant Industry Snapshot was released showing that restaurant sales were very strong throughout all of 2018. Same store sales grew by a full 2 percent in December, marking it the strongest monthly performance by the index in over three years. On an annual basis, 2018 same store sales…
Read More »It was reported this week that Starbucks is acquiring an ownership stake in Italian bakery Princi, with 4 locations in Italy and one in central London. The company also made headlines this week when it announced that it was increasing wages across the board by 5% up to the manager level and adding further enhancements…
Read More »Sarah Gilbert writes in Daily Finance that Starbucks (SBUX) customers in New York this week could no longer pay for their venti mochas with a five-dollar bill after a 20-cent price hike brought the cost with tax to $5.06. In Seattle, the company’s home, a grande mocha is now $3.91, up 10%. In Washington, D.C., an upgrade to new loose-leaf tea bags also meant an upgrade in prices
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