June 6, 2002 |
Panera Bread Co., a Midwest-based gourmet sandwich chain whose consistent and profitable growth has made it a Wall Street darling, faces new challenges in its bid to expand into the highly competitive Southern California market. Panera said last week it plans to open up to 100 cafe-bakeries in the Southland over the next few years. It intends to open its first California store in Los Angeles County in 2003. Moving into the Southland won't be easy, analysts say.
July 11, 2002
* Kmart Corp., the discount retailer that filed for bankruptcy protection in January, said it was notified by the New York Stock Exchange that its stock may be delisted within the next six months. * A Bank of America Corp. subsidiary lost a bid to avoid $50 million in back taxes when a Tax Court judge ruled it can't claim a tax break for two savings and loan units it acquired in the 1980s. The federal judge ruled that Bank of America's Barnett Banks Inc.
January 24, 2012 |
Starbucks customers are about to get a different kind of buzz. Already a go-to for morning commuters and afternoon pick-me-ups, the coffee giant is aiming to expand the happy hour crowd by offering wine and beer at select Southern California locations. Starbucks said it would bring booze to four to six new or remodeled stores in the region by the end of this year and planned to do the same to a small group of locations in Atlanta and Chicago. In addition, patrons could order "premium food" such as savory snacks, small plates and hot flatbreads.
March 20, 2012 |
The restaurant industry's royal line of succession has shifted, with Wendy's usurping Burger King as the second-largest burger chain, in sales, behind McDonald's. In its annual ranking of U.S. restaurants, research group Technomic placed McDonald's — with its 5.5% boost in sales in 2011 to $34.2 billion — first among the nation's 500 largest eatery chains. Next came two non-burger chains: Subway and Starbucks, each of which posted a 7.5% sales gain. Wendy's placed fourth, with $8.5 billion in sales, followed by Burger King's $8.4 billion.
February 23, 2012 |
By the end of the year, Panera will have opened two more cafes that look and feel just like any of chain's other branches. But at the new locations, customers will be able to pay whatever they want for the food - even nothing at all. At a time of high unemployment, when about one in every seven American households is known as “food insecure,” Panera is joining a small but growing group of restaurants serving meals that are literally priceless....
September 16, 2002 |
Jollibee, the biggest fast-food chain in the Philippines, came to California four years ago with hopes that its pineapple-topped burgers and spaghetti-and-hot dog concoctions would fuel a rapid U.S. expansion. But with just eight stores in California, Jollibee has only half the restaurants it expected to have by now, and Jollibee Foods Corp. officials said per-store sales are 30% below projections.