Restaurant Industry News Archive for 2010

The company reported a loss from continuing operations of $7.6 million for the year, primarily because of non-cash balance sheet impairment charges of $20.5 million, compared with 2009 income from continuing operations $5.5 million.

Total revenues decreased 0.5% to $116.6 million in the third quarter of 2010, compared to $117.2 million in the third quarter of 2009.

Three-Store Deal Signed for New Orleans & Baton Rouge Areas

Rick’s Cabaret International, Inc. (NASDAQ: RICK), the nation’s premier chain of upscale gentlemen’s clubs, said today it will complete the acquisition of a new gentlemen’s club on the freeway near the busy Dallas-Ft. Worth International Airport before December 31, 2010.

This plan has been established in accordance with, and as a part of, the Company’s stock repurchase program previously announced on November 9, 2010.

It was a banner year for social media growth and adoption. We witnessed Facebook overtake Google in most weekly site traffic, while some surveys reported nearly 95% of companies using LinkedIn to help in recruiting efforts. In my outlook for last year, I cited that mobile would become a lifeline to those looking for their social media fixes, and indeed the use of social media through mobile devices increased in the triple digits.

Update from Restaurantchains.net on growing and emerging restaurant concepts

In one respect, this year has been a good one for the Environmental Protection Agency (EPA) and its Energy Star for Hospitality and Entertainment program. In another respect, the year has not been so impressive.

Award Winning Restaurant/Food Industry Executive Shares Advice, Strategy and an Inside Look on Franchising with Budding Entrepreneur and Founder of Trendy New Hair Shop Concept

The 10,200-square-foot location features a renovated interior and exterior. The large, multi-level design incorporates the best elements from some of the top T.G.I. Friday's locations around the world