Month: July 2018

Sales at company-owned restaurants plunged by 27 percent during the second quarter and same-store sales in the U.S. grew slower-than-anticipated rate of 2.6 percent. A jump in international sales, especially in the U.K. and France, helped bolster the results. (CNBC)

Starbucks, fresh off a spring of tough headlines and uninspiring results, is taking bigger steps to correct course. The coffee giant will start nationwide delivery in China by the end of the year, and it’s also considering a national U.S. television advertising campaign, executives said after the release of quarterly results. (Seattle Times)

Lodging and resorts is one sector of the REIT universe that nearly everyone has experienced, whether on a vacation with the family or a business trip for work. It makes sense, then, that the same forces that influence household vacation plans or business travel needs are also the main economic drivers for the hospitality business. (Nareit)

A new San Francisco law seeks to ban the “insanely awesome” subsidized corporate cafeterias that have grown up in the Bay Area. If the law passes, companies like Google and Facebook won’t be allowed to operate cafeterias in any future office buildings in San Francisco. (Eater)