Something Big is Eating Your Old Favorite Restaurant Chains
It's not the best of times to be running a casual dining or fast food chain. Their sales are sputtering because another restaurant category is eating their lunch.
It's not the best of times to be running a casual dining or fast food chain. Their sales are sputtering because another restaurant category is eating their lunch.
The overall economy may be picking up, but restaurants are hurting. And it's the casual, or family-style chains – such as Red Lobster, Applebee's, and Bob Evans – that are feeling the most pain.
The chain that brought seafood to the masses is hoping to broaden its appeal by revamping its menu on Oct. 15 to boost the number of dishes that cater to diners who don't want seafood, and to attract customers who have cut back on spending.
Starbucks, the world's largest coffee-shop chain, on Wednesday unveiled a new logo that retains its iconic green mermaid but no longer includes the word "coffee," reflecting the company's efforts to expand sales through a broader array of menu and consumer-product items.
The New Year brings new hope to the restaurant industry, which suffered heavily during the harsh, eat-at-home recession. As a result, the number of restaurants have dwindled nationwide. But Goldman Sachs says this is very good news for three companies in particular.






