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May 15, 2009

Kona Grill: Riding a Wave of Trouble

Boy, you think it's tricky keeping your restaurant's head above water right now. Be glad you're not in Marcus Jundt's shoes. He's chairman, president and c.e.o. of the 22-unit upscale casual dining chain Kona Grill, and he’s taking heavy fire, very publicly, from his investors. Their complaint: lousy same-store sales, a stock price swoon and share dilution via a below-market rights offering limited to Jundt's father. Their forum: Kona's first quarter conference call, where open rebellion prevailed.
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More than a dozen hard-hitting topics targeted to grow your concept. Join your peers at the 2009 Concepts of Tomorrow Conference, September 13-15 in San Francisco to learn about topics such as: upcoming consumer trends, raising menu prices in this economy, how servers can work a room for profit, suggestions to build your brand, and how to be sustainable & profitable.
Click here for more details.

Everybody Into The Tip Pool

With so many industries cutting jobs and closing plants, restaurants have come to be seen as newly desirable places to work. That's true despite what the U.S. Bureau of Labor Statistics turned up in its annual Occupation and Employment Wage Estimates, released last week. The report showed that the foodservice industry is dead last—still—in worker compensation. With wages so low, it's no wonder tip-pooling lawsuits have been filed against chains like Brinker International and Dave & Buster's and independents like Nobu. We hope you’re not next.
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