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Fast-food franchisees in California fear diners will flock to Chili's and Applebee's to avoid price hikes. As a result, the price gap between fast-food and casual dining restaurants could narrow. This could potentially cause the price difference between fast-food and casual dining restaurants to shrink. Fast-food restaurants in California have been hiking prices to offset the wage, which is 25% above the state's general minimum wage. "We're gonna start to compete with them," Ghai said, speaking about the casual dining restaurants.
Persons: , Shane Paul, Paul, Scott Olson, Taco Bell, Ghai, he's, wouldn't, Scott Rodrick, Rodrick, Hajime Uba, Brian Vaccaro, Raymond James, Sal Vitalie, Vaccaro, Sharon Zackfia, William Blair Organizations: Service, Burger Locations: California, San Diego, South San Francisco
Kroger has quietly become the biggest sushi seller in the US, The Wall Street Journal reported. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Sushi sales at US retailers were up 72% in the past year, according to a report by The Wall Street Journal. It began selling sushi in the early 1990s, but realized it had become the country's biggest sushi retailer in 2020 when reviewing data from the research firm Circana Group, the Journal noted. "The California Crunch roll is our most popular cooked sushi roll, and the Rainbow Roll is the most popular raw sushi roll," the spokesperson told Insider by email.
Persons: Kroger, sushi's, Stuart Aitken, it's Organizations: Street Journal, Service, Wall Street, Circana Group, Kroger Locations: Wall, Silicon, West Coast, California, Ohio, , New York
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