Neal Sherman’s Post

You know the drill. Here are the latest headlines from the restaurant, grocery, hospitality, retail, and higher ed sectors for the week (July 1). #ShermsWeeklyInsider(29) 𝙍𝙀𝙎𝙏𝘼𝙐𝙍𝘼𝙉𝙏  🍽 — Chick-fil-A Restaurants' summer merch collection has dropped — and so has its new (permanent) online shop — Taco Bell announced the return of its Nacho Fries Lover’s Pass — SONIC Drive-In launches $1.99 value menu 𝙂𝙍𝙊𝘾𝙀𝙍𝙔  🛒 — Gen Z, millennials are driving membership growth at Sam's Club — Colorado lawsuit blocking Kroger/Albertsons deal gets rejected 𝙃𝙊𝙎𝙋𝙄𝙏𝘼𝙇𝙄𝙏𝙔  🏨 — Kygo to open ‘music-focused’ experiential hotel in Miami 𝙍𝙀𝙏𝘼𝙄𝙇  🛍 — RITE AID restructuring plan approved, retailer to stay afloat and emerge from bankruptcy — Discount clothing and shoe retailer Bob's Stores to close across New England 𝙃𝙄𝙂𝙃𝙀𝙍 𝙀𝘿  🎓 — Texas will not need to abide by the U.S. Department of Labor’s new overtime rule — SCOTUS overturns Chevron doctrine, which could have massive implications for law enforcement by regulatory entities such as the Education Department.   Check back next week for the latest Sherm's Weekly Insider! #restaurant #grocery #hospitality #hotels #retail #highered #weeklyheadlines

When was the moment you realized you found the thing that would make your business idea successful? Someone asked me this question recently and it got me thinking about the inception of TAGeX Brands. I had a passion for the food business—it’s always evolving, creating an exciting environment and offering countless opportunities for us to make a real difference. I knew the key to success would be to meet our clients where they were. For companies closing, remodeling, and liquidating assets (furniture, fixtures, and equipment) it is helping them through the facility and equipment lifecycle. For smaller operators or ones looking for equipment, we can help by offering the largest aftermarket for new and used equipment, small wares, and supplies.  It's been fulfilling to support businesses of different sizes and industries throughout the last 35 years! Feel free to reach out to learn more about how we can assist you in the never-boring world of food business. #foodservice #sustainability #liquidation

I had the opportunity to interview my good friend and mentor Larry Reinstein as part of my #ShermsTake5 series. I met Larry through YPO and continue to learn from him and his experience in the food business to this day. Watch to learn how Larry forged his way to where he is today — the Founder & CEO of his consulting business, LJR HOSPITALITY VENTURES, LLC. #foodservice #hospitality #YPO

Catch up on the latest with these top headlines from the restaurant, grocery, hospitality, retail, and higher ed sectors from this week (June 24). #ShermsWeeklyInsider(28) 𝙍𝙀𝙎𝙏𝘼𝙐𝙍𝘼𝙉𝙏 🍽 — Miracle Restaurant Grp., a 25-unit Arby's franchisee, files for bankruptcy — California adopts rule limiting indoor workplace heat exposure — Starbucks adds caffeinated sparkling iced teas to core menu as part of plan to drive traffic through menu changes 𝙂𝙍𝙊𝘾𝙀𝙍𝙔 🛒 — Albertsons enters e-commerce partnership with Grubhub — Shipt starts accepting SNAP benefits 𝙃𝙊𝙎𝙋𝙄𝙏𝘼𝙇𝙄𝙏𝙔 🏨 — Holiday Inn tops the list of most trusted travel brands — Hyatt Hotels Corporation adds two new hotels in New Orleans despite its focus on luxury lifestyle 𝙍𝙀𝙏𝘼𝙄𝙇 🛍 — Nothing Bundt Cakes outlines its plan to become a $1 billion brand — Amazon plans to launch a discount section to combat Temu and SHEIN 𝙃𝙄𝙂𝙃𝙀𝙍 𝙀𝘿 🎓 — Salaries for full-time faculty tick up 0.4% to offset inflation   Each week, I curate headlines like the above to share with my LinkedIn network. Follow for the latest Sherm's Weekly Insider! #restaurant #grocery #hospitality #hotels #retail #highered #weeklyheadlines

After recent press about our national programs with Red Lobster, Rubio's and Tijuana Flats, TAGeX Brands partners with clients to help in facility and equipment change. No operation is too big or too small for our team to handle with care and precision. Demand for surplus equipment is crazy off the charts and we pride ourselves in helping relieve headaches small and large. If you or someone you know needs assistance with facility closures, liquidation, and/or equipment redeployment — in the food service industry or beyond — let's talk. TAGeX Brands works with companies across different sectors, too. Visit our website to learn more about our services. https://lnkd.in/ehM_i4xW

You can buy an assortment of things at Costco — from vacation packages to bulk of your favorite snacks — but did you know they also sell gold bars, too? Last year Costco Wholesale began selling 1 ounce gold bars. Since then, these sales have turned into a huge money maker for the company, with a Wells Fargo analyst estimating its revenue from $100 to $200 million a month. But in terms of bottom line profit, Costco sees a low premium on the gold bars, and additionally it further offers 2% cash back for executive members and another 2% for those who use their Citigroup credit cards. The sales are adding about 3% to general merchandise sales but not contributing much to profit. If you're someone who has purchased a gold bar from the big box retailer, or just find this interesting, I'd love to hear your opinion. Let's discuss in the comments. https://lnkd.in/d8FSdt5c

#ShermsWeeklyInsider(27) is back! Here's what you may have missed in the world of foodservice, convenience, and hospitality: - (GROCERY): Walmart pilots crop monitoring tech for informed produce purchasing - (RESTAURANT): Pizza Hut launches largest topping revamp in over a decade - (HOTEL): How the TikTok ban could impact hotel marketing efforts - (C-STORE): Federal court dismisses ExxonMobil lawsuit against activist shareholder - (ENTERTAINMENT): Netflix plans to open venues with foodservice - (GROCERY): Private label momentum shows no signs of slowing - (RESTAURANT): Subway dips into more snack items with latest menu addition - (HOTEL): Dream Golf Resorts extends resort collection to East Texas - (RETAIL): Starbucks' newest rewards partner is Marriott Bonvoy - (RESTAURANT): McDonald's is backing out of AI drive-thrus — for now For the full stories, check out the sources in the comments. 📰⬇️ #grocery #restaurant #cstore #retail #hospitality #entertainment

Ever thought about the environmental impact of your quick coffee run or that last-minute #grocery stop? With convenience stores playing such a big part in our daily routines, their shift towards #sustainability is crucial. In my latest article, I explore how the c-store sector is stepping up its green game to meet the rising demand for eco-friendly options. Read for a deep dive into these initiatives — and what's next for sustainability in c-stores. #Sustainability #ConvenienceStores #GreenInitiatives #EcoFriendly #EVCharging #RenewableEnergy #ConsciousConsumption #CStores

Thank you April Goess, MPS for sitting down with me (and Pam Sherman) for a #ShermsTake5 interview! April is the Managing Director of the The Culinary Institute of America's San Antonio campus, where she was gracious enough to show us around. During the interview, she revealed to us that because her passion for cooking started when she was only three, her grandparents actually bought her a copy of "The Professional Chef," complete with CIA admissions materials, and gave it to her while she was still in elementary school. Her life really has come full circle after attending, and now working at, the Institute. Watch our interview to learn more about April and to get an inside look inside the CIA.

Seemingly every industry is trying to reap the benefits of the power of AI — grocery and retail included. Walmart has made a lot of news this year with several announcements about AI, part of its new "adaptive retail" strategy, which blends in-store and e-commerce into a unified retail experience. Some of its customer-facing tools include: GenAI-powered search that allows customers to search by specific use cases, e.g., a football watch party. Expanded grocery InHome replenishment that promises refrigerators will be stocked by Walmart associates with the right items at the right time. Exit program at Sam's Club that allows members to skip receipt verification. Behind-the-scenes tech includes: AI-powered inventory scan towers added to Sam's Club robotic scrubbers, which negates the need for time-consuming and potentially inaccurate manual processes. This powerhouse retailer is seemingly paving the way for AI integration in grocery and retail stores. I'm curious to see what company will be next to follow suit. Read full article: https://lnkd.in/dGZy9KNF