Shaun Purewal’s Post

Three retail & dining chains that may surprise in 2024 ↓ 1. Gap Inc., comprising iconic brands like Gap, Old Navy, Athleta, and Banana Republic, saw a significant improvement in Q4 2023 results, driven by strong performances from Gap and Old Navy. With strategic leadership changes, Gap appears poised for a promising 2024 as it continues its upward trajectory. 2. The Cheesecake Factory's foot traffic improved at the end of 2023, outpacing the wider restaurant industry in December. Despite a slight dip in January, February saw another rise. With expansion plans and moderate price increases, the chain aims to exceed its 2023 performance in 2024 if positive trends continue. 3. Despite economic challenges and increased competition, Petco is adapting by investing in its veterinary program and adjusting product selection. Recent foot traffic data indicates resilience, with growth in visits during key holiday months, suggesting ongoing consumer interest despite challenges. Full analysis linked below in the comments. #businessintelligence #retail #strategy

Take a look at the key retail and restaurant 2023 takeaways from RSM - including investments in automation, scalability, and operational efficiency. https://lnkd.in/gWawxY57 #retail #restaurant #2023trends #scalability #operationalefficiency #energymanagement #sustainability #keepENTOUCH

New week, new headlines 📰❗️— you know the drill! Check out Neal Sherman's latest roundup of headlines from the restaurant, grocery, and hospitality industries. #ShermsWeeklyInsider #hotelnews #restaurantnews #cstorenews #foodindustrynews 

Unlock the potential of your retail or restaurant business. Our Detailed Market Analysis Reports provide the roadmap to strategic growth. Here's our Easylink! - https://lnkd.in/dC_xgR4f #RestaurantDevelopment #CommercialRealEstate #RestaurantSpaces #CREdevelopment #PropertyDevelopment #InvestmentOpportunity #UrbanDevelopment #RealEstateInvesting #DevelopmentProjects #CREInvesting #CommercialConstruction #BuildingProjects #ConstructionIndustry #DevelopmentSites #ConstructionManagement

Carvel celebrates 90 years of soft serve ice cream with a new shoppe design and growth in new markets — find out more in Retail & Restaurant Facility Business' cover story, "A Fresh Spin on Tradition." By Katie Lee; insights from Jim Salerno, C.F.E., Carvel. Features in this issue: The Race to Digitize How e-commerce can help restaurants fight rising costs and challenges.  By Mani Kulasooriya, Cut+Dry Sonic Prioritizes Surge Protection Why it’s important for retailers and restaurants to strengthen their power management.  By Samuel Hammers, Eaton   Breaking Down Food Waste The shocking truth about food waste: how businesses can drive positive change.  By Ray Hatch, Quest Resource Management Group, a QRHC Company (NASDAQ:QRHC) Transforming Operations Propel your restaurant forward with digital transformation. By Gregg Majewski, Craveworthy Brands    Enhancing Shopper Safety Innovative loss prevention technologies and strategies.  By Robert Harling,Gatekeeper Systems, Inc. Read the latest issue: https://lnkd.in/ef8ie-Cb #Retail #Maintenance #FacilityBusiness #CRE

We're thrilled to share how our cutting-edge Integrated Management System revolutionized operations for a multinational restaurant chain. By digitizing everything from procurement to kitchen management, inventory, and delivery, we've created a seamless, efficient, and scalable solution that takes restaurant management to the next level. Discover how we turned challenges into opportunities and paved the way for a new era of operational excellence. 🍽️🚀 #Digitaltransformation #Operations #OperationalExcellence #IntegratedSolutions #BusinessGrowth #SupplyChainManagement #FoodIndustry #RestaurantTech #EfficiencyBoost #SmartOperations

As the quick-service restaurant (QSR) industry restabilizes and returns to high-growth mode, the food services sector faces questions about what the next frontiers of expansion will be: new cities or existing ones? Kearney’s QSR Retail Index gives companies a powerful tool for making strategic decisions to target the right set of consumers in the ideal location. In this year’s edition, we reassess the attractiveness of cities across the country, addressing the changes in the market over the past two years. Read the full report here: https://lnkd.in/gtJNM25B Authors: Rajat Tuli | Ayush Sharma | Mahak Gupta #qsr #restaurantmarketing

The latest insights on necessity-driven consumer spending and tight vacancy in retail subsectors. Discover how core retail sales dipped while dining out and grocery purchases surged, reflecting shifting consumer priorities. With lower-cost dining chains expanding and discount grocers gaining traction, the retail landscape is evolving. Don't miss out on valuable investment opportunities amid potential interest rate cuts and favorable market trends. Download now: https://bit.ly/48Arumg David Tabata Joel Deis Marcus & Millichap Marcus & Millichap Capital Corporation (MMCC) ICSC #retailmarket #cre #commercialrealestate #retail

What's one session you won't miss at #FSTEC this week? If you're a restaurant operator, I'd suggest you stick your head in and listen to what Art, Jeanie, and Rachel have to say about innovation that is occurring in the convenience store sector. The convergence of food-service has been slow rolling for a long time - grocery formats have changed and gotten smaller, convenience stores have gotten bigger, and restaurants are innovating in both directions. Operators and technology are trying to keep up with demands from customers as the formats blend. The competition continues to heat up as McDonald's value meals go to $5, and c-stores fill the void by improving food-service with keen operators like 7-Eleven and Wawa, Inc. (and many others). Savvy grocery operators like RF Buche and many of the IGA, INC. companies are innovating with food service options for their guests. I'm still not exactly sure what a Buc-ee's, Ltd.'s is (though I love them), but they aren't a c-store by most definitions. And if you get a chance to roll through Lubbock, Texas you should stop and visit Curby's Express Market and say high to Richard and his team. They're building something special that also defies most industry labels. Didn't someone recently write about bucking the trend in industry defining labels? Ain't nobody going to hold me down. Oh yeah, Jimmy over at Branded Hospitality Ventures. Link to that in the comments!

Exciting times ahead in the fast-casual and quick-serve restaurant industry! 🚀 These chains are leading the charge with rapid expansion plans in 2024, creating a surge in demand for IT talent to support their growth and technological advancements: 🍕 MOD Pizza- Dominating the market with a 44.7% increase in U.S. sales. Their rapid expansion will require robust IT systems for new locations. ☕ Dutch Bros Coffee Bros. Coffee - Opening up to 165 new stores this year, enhancing their digital ordering systems and operational support. 🥪 Jersey Mike's Subs - Planning 350 new openings in 2024, focusing on franchise management and customer loyalty programs. 🍜 Teriyaki Madness - Expanding internationally with a significant increase in new locations, needing IT talent for digital operations. 🌮 Qdoba Mexican Eats - Urban Eats LLC Mexican Eats - Doubling in size over the next decade, starting with 40 new restaurants this year, requiring enhanced IT infrastructure. 🍪 Maple Street Biscuit Company - Growing beyond the South with new store setups and system integrations. 🥗 Chicken Salad Chick - Expanding into Texas and New Mexico, focusing on IT support for new stores. As these brands continue to grow, the need for innovative IT solutions is more crucial than ever. If you're an IT professional looking to make an impact in the food industry, now is the time to explore these opportunities! #FastCasual #QuickServe #ITJobs #RestaurantGrowth #TechInRestaurants Sources: Eat This FinanceBuzz Toast POS Mashed Nation's Restaurant News Maven Ohio Restaurant & Hospitality Alliance National Restaurant Association