Boosting employee wages to $15 an hour at limited-service restaurants could lead to an estimated 4.3 percent increase in prices at those restaurants, according to a recent Purdue School of Hospitality and Tourism Management study. The study also says that increasing wages to $22 per hour would result in a 25 percent increase in menu prices. […]
Category: Northeast
Posted in, Northeast
Rite Aid Sales Rise, New CEO Appointed
Rite Aid’s same-store sales increased 2.4 percent for the four-week period ended July 25 compared to the prior-year period. July front-end same-store sales increased 0.1 percent. Pharmacy same-store sales increased 3.4 percent. Total drugstore sales for the four-week period increased 2.1 percent to $2.016 billion compared to $1.975 billion for the same period last year. […]
Posted in, Northeast
Wegmans To Open Fifth Bay State Store At The Natick Mall, And More…
Supermarket News In Brief… Wegmans plans to open a 125,000-s.f. Massachusetts store at the Natick Mall in Natick by spring 2017. It will be the Rochester, New York-based grocer’s fifth store in Massachusetts; the company’s fourth location, a 122,000-s.f. unit, is set to open on University Avenue in Westwood on Oct. 11. Wegmans also is […]
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NightFood Expands Distribution Network, And More…
Convenience Store News In Brief… NightFood Holdings Inc. of Tarrytown, New Jersey, a company dedicated to delivering better nighttime snack solutions to shoppers, has expanded its broker and distribution network with broker coverage of the entire East Coast. The company has entered into exclusive broker arrangements with Main Street Marketing in the Southeast and Tozzi […]
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Study Finds 3 Percent Drop In Independent Restaurant Count, And More…
Food Service News In Brief… A 3 percent drop in independent restaurant unit counts compared to year ago brought the total U.S. restaurant count down by 1 percent to 630,511 units, according to a census of U.S. commercial restaurant locations compiled in the spring and fall each year by The NPD Group, a national research […]
Posted in, Northeast
Study Shows Costco, Wawa Are Favorite Places To Fuel Up, And More…
New Channels News In Brief… Wawa and Costco are favorite places for motorists to fill up their gas tanks, according to a study by Market Force Information. Nearly 7,000 consumers were polled for the study, which was designed to uncover where consumers prefer to fuel up and why they prefer one chain to another. The […]
Posted in, Northeast
Boston Public Market Opens As A Source Of Locally Produced Fresh Food
The Boston Public Market has opened at Haymarket Station in downtown Boston. It is open 8 a.m.-8 p.m. Wednesday-Sunday. The market is described as a year-round, self-sustaining market featuring fresh, locally sourced food brought directly from farmers, fishermen and food producers from Massachusetts and throughout New England. The market houses more than 35 vendors selling […]
Posted in, Northeast
7-Eleven To Sell 25 C-Stores In 10 States
7-Eleven plans to sell 25 gasoline stations and/or convenience stores in 10 states. The sale includes six locations in Virginia, three each in Colorado, Illinois, Texas and West Virginia, two each in Florida and Missouri, and one each in Nevada, New York and South Carolina. Robbie Radant, 7-Eleven’s VP of mergers and acquisitions, said, “This […]