Restaurants
China’s services sector activity squeezed by omicron surge
Customers eating at a restaurant in China on 26 March 2022. Activity in China’s services sector contracted at the steepest pace in two years in March as the local surge in coronavirus cases restricted mobility and weighed on client demand, a private sector survey showed on Wednesday. Zhang Peng | Lightrocket | Getty Images Activity […]
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Wedbush downgrades Starbucks after share repurchases suspension, citing lack of catalysts
Wedbush on Tuesday downgraded shares of Starbucks, citing a lack of new developments that could push the stock higher. Source
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Starbucks stock falls as interim CEO Howard Schultz suspends share buybacks
Howard Schultz, Chairman of Starbucks at the grand opening of the Starbucks Reserve Roastery in Shanghai, China on Dec. 5th, 2017. Justin Solomon | CNBC Howard Schultz’s first day back at the helm of Starbucks kicked off with an announcement that the coffee chain is suspending stock buybacks to invest back into operations. Shares of […]
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Starbucks’ New York City Reserve Roastery becomes the 9th cafe to unionize
Employees serve customers at a newly opened Starbucks’ Reserve Roasteries in the Meatpacking District on on December 14, 2018 in New York City. Spencer Platt | Getty Images Starbucks baristas at its New York City Reserve Roastery voted 46-36 in favor of forming a union on Friday, dealing a blow to incoming interim CEO Howard […]
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$100 million New Jersey deli owner Hometown International just announced a merger with a bioplastics firm
Your Hometown Deli in Paulsboro, N.J. Google Earth Hometown International — that odd, publicly traded company with a market capitalization of more than $100 million despite owning just one small New Jersey deli — has announced plans to merge with Makamer, a private bioplastics start-up firm. The money-losing Your Hometown Deli in Paulsboro, N.J., which […]
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There’s a big buying opportunity in this pizza stock, Oppenheimer says
After a rough start to the year for Papa John’s, Oppenheimer sees an attractive entry point for the pizza chain. Source
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Restaurants are getting creative with menus to counter soaring food costs
Long Beach Fish Grill’s menu board Source: Jessica Dinglasan Jessica Dinglasan, owner of Long Beach Fish Grill in Long Beach, California, never used to write “market price” on her menu. But now the halibut fish she sources costs more than $30 a pound, nearly double what it was a year ago, and the 13-gallon container […]
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There are big shake-ups in the latest list of Asia’s 100 ‘best’ restaurants
Hong Kong is the top destination in Asia for foodies this year, according to new rankings released by the 50 Best organization. The city is home to 16 of the region’s “best” 100 restaurants, as shown in the list, released in two parts in March. Thailand and Japan tied for second place, each with 13 […]
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Covid upended the labor market, and now these workers are using their leverage to push for unions
Workers stand in line to cast ballots for a union election at Amazon’s JFK8 distribution center, in the Staten Island borough of New York City, U.S. March 25, 2022. Brendan Mcdermid | Reuters The Covid pandemic pushed Americans to reconsider how and where they work, resulting in a tight labor market, rising wages and what’s […]
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Dairy Queen launches Stackburger line as chain sees record sales in 2021
Dairy Queen’s Flamethrower Stackburger and small ice cream cone Source: Dairy Queen Dairy Queen is expanding its burger offerings as the fast-food chain looks beyond Blizzards and other desserts. The new Stackburger line is Dairy Queen’s biggest menu expansion in two decades, with five burger flavors for U.S. customers: Flamethrower, Loaded A1, Bacon Two Cheese […]
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