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47-year-old high-end steak and seafood chain closes 80 locations

47-year-old high-end steak and seafood chain closes 80 locations

The steakhouse restaurant sector has faced a major impact from an increase in beef costs, as steak prices spiked 16% to $12.73 per pound in March 2026, according to data from the Federal Reserve Bank of St. Louis, WIBC- Radio reported. As the price of beef increases for ...
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CSP Seeks Retailer Input for 2026 Outlook Report Amid Industry Challenges

CSP Seeks Retailer Input for 2026 Outlook Report Amid Industry Challenges

CSP Seeks Retailer Input for 2026 Outlook Report Amid Industry Challenges
TheStreet TheStreet
Chipotle's menu adds a trendy ingredient

Chipotle's menu adds a trendy ingredient

Lately, menu innovation has become a major priority for Chipotle. At the close of its fiscal year 2025, the restaurant chain reported a 1.7% decrease in same-store sales, indicating a decline in overall foot traffic.  In an effort to win customers back, the chain launched its Recipe for Growth ...
Reuters Reuters
Yum Brands in exclusive talks to sell Pizza Hut to LongRange Capital, source says

Yum Brands in exclusive talks to sell Pizza Hut to LongRange Capital, source says

By Abigail Summerville May 29 (Reuters) - Yum Brands is in exclusive talks to sell its Pizza Hut chain to private-equity firm LongRange Capital, a source familiar with the matter said on Friday.
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Kohl's Sees Progress in Turnaround Efforts with Improved Q1 Performance

Kohl's Sees Progress in Turnaround Efforts with Improved Q1 Performance

Kohl's Sees Progress in Turnaround Efforts with Improved Q1 Performance
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Dine Brands Achieves First Portfolio-Wide Sales Gain in Years

Dine Brands Achieves First Portfolio-Wide Sales Gain in Years

Dine Brands Achieves First Portfolio-Wide Sales Gain in Years
TheStreet TheStreet
Popular Asian dining chain files for Chapter 11 bankruptcy

Popular Asian dining chain files for Chapter 11 bankruptcy

Restaurant chains have faced financial distress caused by rising costs driven by inflation since the end of the Covid-19 pandemic. Rising inflation led to a 35% increase in labor and food costs from 2019 to 2025, which forced restaurants to pass those costs on to customers, who have not always ...
TheStreet TheStreet
After bankruptcy, vegetarian dining chain closes all locations

After bankruptcy, vegetarian dining chain closes all locations

Vegetarian restaurants operate with a built-in disadvantage compared to eateries with a broader menu. When you visit a restaurant with a traditional menu, there's nothing stopping you from ordering a vegetarian meal. Most places will accommodate special dietary requests, and many restaurants offer ...
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Rising Tomato Prices Challenge Colorado Restaurants' Cost Management

Rising Tomato Prices Challenge Colorado Restaurants' Cost Management

Rising Tomato Prices Challenge Colorado Restaurants' Cost Management
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PLANTA Shifts Focus to U.S. Market After Bankruptcy and Canadian Closures

PLANTA Shifts Focus to U.S. Market After Bankruptcy and Canadian Closures

PLANTA Shifts Focus to U.S. Market After Bankruptcy and Canadian Closures
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Cracker Barrel Launches 'Fuel Your Summer Road Trip' Promotion Amid High Fuel Costs

Cracker Barrel Launches 'Fuel Your Summer Road Trip' Promotion Amid High Fuel Costs

Cracker Barrel Launches 'Fuel Your Summer Road Trip' Promotion Amid High Fuel Costs
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PLANTA Shifts Focus to U.S. After Closing Toronto Locations Post-Bankruptcy

PLANTA Shifts Focus to U.S. After Closing Toronto Locations Post-Bankruptcy

PLANTA Shifts Focus to U.S. After Closing Toronto Locations Post-Bankruptcy