Very Important Beverage Professionals Chain Beverage Buzz: January 6, 2014
Restaurant Execs Predict What's Coming in 2014
The new year is underway, but those in the restaurant industry have mixed feelings about how it will unfold. Nation’s Restaurant News asked some operators what they expect in the months ahead, and here is what they said. “I’m very optimistic. Steady improvement in the economy will drive increases in traffic and store count across the restaurant industry. But the big winners will be those that continue to invest and innovate.” MORE>>
Technomic Reveals U.S. Wine Winning in Restaurants and Bars
Domestic table wines dominate the wine scene in restaurants, bars and other on-premise locations, according to Technomic's 2013 BarTAB Report. Generating $10.8 billion in sales, domestic table wine volume grew 1.2 percent to reach 48.1 million 9-liter cases and account for 69.4 percent of total on-premise wine in 2012. By comparison, imported table wine volume has been essentially flat. MORE>>
Is 2014 the Year for Immigration Reform?
Restaurateurs across the country who depend on immigrants as part of their workforce have reason to be optimistic that 2014 could be the year Congress passes the first significant immigration reform legislation since 1986. The focus of the immigration reform debate has been on the House of Representatives since a comprehensive reform bill passed the Senate in June. For a time, it looked as if the House might not take up the issue. And while it’s unlikely that the House will take up the Senate’s bill, there are signs that it will take on important elements of reform in separate bills in 2014. MORE>>
Slowing Momentum for Craft Beer?
Anytime something is on a tremendous growth trajectory, the discussion immediately turns to when its bubble will inevitably burst. Craft beer certainly is not immune to such conjecture. Recently a trade publication editor commented to me that surely the category is reaching market saturation and the bottom will fall out of the market any day now; how long can double-digit growth go on? MORE>>
Darden's Dilemma Show Us Bitter Truths About Boardroom Behaviors
Red Lobster, along with Olive Garden, LongHorn Steakhouse and the Capital Grille, is part of Darden Restaurants, the country’s leading operator of casual-dining restaurants. Last spring, Barington Capital, a small “activist” hedge fund, bought a 2 percent stake in Darden and, as such funds always do, presented Darden management with a restructuring plan designed to boost its stock price by 65 percent. MORE>>
Ruby Tuesday, Inc to Host Second Quarter FY 2014 Earnings Conference Call
Ruby Tuesday, Inc. (NYSE: RT) will host its quarterly conference call to discuss second quarter results on Wednesday, January 8, 2014 at 5:00 p.m. Eastern Time. The live call is being webcast and can be accessed on the websites below. The call will be archived on the Investor Relations page of the Company’s website through January 22, 2014. MORE>>
Prosecco Bubbling Over While Champagne is Basically Flat in U.S.
When U.S. consumers raise a glass to celebrate the New Year tonight, chances are better than ever that they’ll be doing so with Prosecco. The Italian sparkler continues to grow rapidly in the U.S. market, while longtime New Year’s Eve stalwart Champagne struggles. Prosecco sales were up by 38% for the year through December 1, according to IRI, while Champagne inched up by only 0.8% during the same period. MORE>>
New Year Brings Minimum Wage Increase in Handful of States
The New Year's holiday brought about an increase in the minimum wage in 13 states. With these increases, there are now 21 states that have minimum wages higher than the federal level of $7.25 an hour. According to USA Today, wages rose by as much as $1 in Connecticut, New York, New Jersey and Rhode Island, and now range between $8 to $8.70. MORE>>
Restaurant Marketing Ideas for January
For restaurant owners and operators, there’s no better way to start off the New Year than with a tasty selection of restaurant marketing ideas. It’s the right time of year to explore your creative side as January is International Creativity Month and International New Year’s Resolution Month for Business. Whether a restaurant owner or guest, be sure to show your appreciation this month by celebrating and honoring Be Kind to Food Servers Month and National Thank You Month. MORE>>
21 Food & Drink Events for January and Beyond
It's January 2014 and the holiday season is officially over, but rest assured that there are just as many upcoming food and drink events as ever. This month proves to be a busy one for San Francisco, which not only is playing host to the Bay Area Brew Festival, but also the Good Food Awards and the Winter Fancy Food Show. A handful of famous chefs who are lucky enough to be pals with Eric Ripert are headed to Grand Cayman for the annual Cayman Cookout, while some others will be relaxing in Hawaii instead at the Kohala Coast stop on the Celebrity Chef Tour. MORE>>