Daily business news in the Great State of New York!
Donut chain Krispy Kreme will open its long-awaited Times Square Flagship store next Tuesday, Sept. 15. The shop was originally scheduled to open in May but was pushed back due to the coronavirus. Located at 1601 Broadway (at West 48th St.) in Manhattan (photo above), the store will make the chain’s hot and fresh Original […]
Starbucks, the nation’s leading coffee chain, is now selling the Impossible Breakfast Sandwich as part of its new summer menu alongside new cold coffee beverages. The Impossible Breakfast Sandwich features Impossible Sausage Made from Plants, which is combined with a cage-free fried egg and aged cheddar cheese and served on an artisanal ciabatta bread. The […]
McDonald’s, the largest fast-food hamburger chain, plans to hire 260,000 workers this summer as restaurants reopen their dining rooms after the pandemic shutdown. McDonald’s says it has implemented nearly 50 new safety procedures to protect crew and customers. These include wellness and temperature checks, social distancing floor stickers, protective barriers at order points, masks and gloves […]
McDonald’s, the world’s leading fast-food chain, released an update on March results and reported sales were down 22.2% worldwide and 13.4% in the U.S. Sales went down mainly in the final two weeks of the month as coronavirus shutdowns spread worldwide. Nearly all U.S. McDonald’s restaurants have closed their dining rooms and are only offering […]
National restaurant chain Cheesecake Factory revealed in a filing with the SEC that it has furloughed 41,000 restaurant employees nationwide which includes waiters, waitresses, bartenders and kitchen cooks. The company employs 46,000 people overall. The furloughed staff members will retain their benefits eligibility and insurance until June 1, 2020 and will be provided a free […]
The Governors of New York, New Jersey and Connecticut have banded together to order closings of gyms, bars and casinos in their states. Restaurants will no longer provide dine-in service but can open for takeout and delivery. Citing a lack of federal direction and nationwide standards, New York Governor Andrew M. Cuomo, New Jersey Governor […]
The Wendy’s fast-food chain is launching breakfast for the first time at most restaurants nationwide on Monday as it looks to take share from McDonald’s. The breakfast menu features biscuit sandwiches, croissant sandwiches, seasoned potatoes and a breakfast version of Wendy’s Baconator sandwich. Wendy’s has over 6,700 restaurants worldwide. “To date, some others in the […]
Chipotle Mexican Grill has launched a new version of its Queso called Queso Blanco, now available nationwide at its 2,000-plus restaurants. The new recipe uses 13 real ingredients, including aged Monterey Jack, white cheddar, and serrano, poblano and chipotle peppers, to create a smooth queso with just the right amount of spicy kick. As with […]
Panera wants to get you into its restaurants more often! The fast-casual chain known for sandwiches, salads and baked goods, is offering customers a cup of coffee, iced coffee or hot tea every two hours with an unlimited subscription program for $8.99 per month. With the introduction of the subscription, Panera says it’s the first […]
The Krispy Kreme doughnut chain announced a major expansion in New York City this year with six new locations including a 24-hour flagship store at 48th Street and Broadway in Times Square that opens in May (rendering above). Krispy Kreme just re-opened its refurbished Penn Station shop last Thursday. By the end of this year, […]
The Hooters restaurant chain, known for its beautiful waitresses in orange shorts and t-shirts, has been acquired by private equity firms Nord Bay Capital and NY-based TriArtisan Capital Advisors. The firms bought Hooters of America, the chain’s parent company, from H.I.G. Capital (“H.I.G.”), Chanticleer Holdings and other investors. The amount of the deal wasn’t disclosed. […]
McDonald’s has opened a brand new flagship restaurant located at 1528 Broadway on the corner of 48th and Broadway in midtown Manhattan. Like other McDonald’s restaurants in NY, this one is also open 24 hours and serves Big Macs, Chicken McNuggets and french fries. Designed by Landini Associates and architecture by Progressive AE, this new McDonald’s flagship adopts […]
NEW YORK — FOOD & WINE has released its 2019 list of Best New Restaurants. The list will also appear in the July edition of the magazine which is owned by Meredith Corporation. For the first time ever, the 10 best appears as a ranked list, with Cadence in Philadelphia as this year’s number one restaurant. Frenchette, […]
Hudson Yards, a $25 billion development built above rail yards on the West Side of Manhattan, officially opened to the public Friday, marking a historic moment in the City of New York. (Photo Above: The first Neiman Marcus department store in NYC opens at the new Hudson Yards.) New Yorkers and visitors are now able […]
NEW YORK — Danish bakery chain Ole & Steen has opened its first U.S. location in the heart of New York City’s Union Square. The opening marks the 100th store for the Danish bakery and their first expansion outside of Europe, with over 90 locations in Denmark and the UK. Located at 873 Broadway in a landmarked building originally constructed in 1900, […]