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The Restaurant Industry Should Give This New Shake Shack A Closer LookShake Shack’s new and first-ever full-scale “Innovation Kitchen' will be able to test recipes and gauge demand right upstairs in a new restaurant as the burger-and-shake joint seeks to reverse declining comparable-store traffic. "Shake Shack, ... has seen its own comparable store traffic decline for two straight quarters this year after a full-year drop last year." The Shack used to offer rare burgers but doesn't anymore since it can't control its sources to prevent e-coli contamination. 1/2 That change was a quick response to Chipotle's e-coli food intoxication issues. What once distinguished the Shack from its competitors has now lost that advantage. 2/2 Furthermore, the last two times I ordered a Chick'n Shack it was dry and overcooked. When the rollout occurred they were moist and more flavorful than they are now. In other words, overcooking has ruined these items for me. Food for thought.
Source: Forbes - 🏆 394. / 53 Read more »
Shake Shack founder Danny Meyer's nostalgia for frozen custard leads to investment in GoldbellyGoldbelly says it has raised $20 million in Series B funding led by Enlightened Hospitality Investments, the fund formed by Danny Meyer's Union Square Hospitality Group. Shake shack is disgusting
Source: CNBC - 🏆 12. / 72 Read more »
Stocks making the biggest moves after hours: Apple, Starbucks and moreStocks making the biggest moves after hours: Apple, Starbucks, Shake Shack and more Apples projected new rev source a big miss ruh roh! Rev forecast not pretty. FANG bout to hang.
Source: CNBC - 🏆 12. / 72 Read more »