Restaurant Business Daily

A true business intelligence tool helping operators become more efficient and profitable, Restaurant Business Daily eNewsletter gives restaurateurs tips and tools from RestaurantBusinessOnline.com's most recent postings and from around the web.

Financing

The Sports Bra wins growth investment from Serena Williams' husband

By Lisa Jennings on Apr. 24, 2024

With women's sports on fire, Reddit co-founder Alexis Ohanian's 776 Foundation is providing an assist to franchise and expand this Portland, Oregon-based sports bar dedicated to supporting female athletes.

Financing

How restaurants can tailor real estate strategies to an uncertain market

By Jonathan Maze on Apr. 24, 2024

A Deeper Dive: Real estate attorney Stephen Cohen joins the Restaurant Business podcast to talk about the state of restaurant real estate.

Financing

Yes, restaurants are losing traffic to grocers and convenience stores

By Jonathan Maze on Apr. 24, 2024

According to data from Placer.ai, traffic at restaurants has lagged that of grocers, superstores and convenience stores since the pandemic.

Financing

Clover Food Lab emerges from bankruptcy with big growth plans

By Jonathan Maze on Apr. 24, 2024

The vegetarian fast-food chain emerged from Chapter 11 bankruptcy protection after just a few months with plans to grow to 60 locations around New England within five years.

Financing

Fast-growing Tropical Smoothie is being sold to Blackstone

By Jonathan Maze on Apr. 24, 2024

The Atlanta-based fast-casual smoothie chain, which has thrived in recent years, is being sold to the private-equity giant for $2 billion.

Operations

Chipotle raises menu prices in California up to 7%

By Lisa Jennings on Apr. 24, 2024

California's AB1228 pushed the fast-casual chain's wage up 20% and menu price hikes will cover the cost. But with first-quarter traffic up more than 5%, Chipotle officials are not worried.

Premium

Financing

The Tijuana Flats bankruptcy highlights the dangers of menu miscues

By Jonathan Maze on Apr. 23, 2024

The Bottom Line: The fast-casual chain’s problems following new menu debuts in 2021 and 2022 show that adding new items isn’t always the right idea.

Marketing

Crumbl tries something different to boost sales: Smaller cookies

By Jonathan Maze on Apr. 23, 2024

The fast-growing cookie franchise, which lost sales and profits last year, is introducing “Mini Mondays,” making available its smaller cookies for sale every Monday.

Premium

Financing