In 1983, six businessmen incorporated a new type of restaurant under the brand name “Hooters.” Since first opening in 1983, the Hooters franchise has experienced rapid growth, amassing peak revenues of $960 million in 2007. Now, while I won’t call the founders of Hooters “revolutionary” geniuses, they did nonetheless introduce a new form of dining experience to the restaurant industry, one based on greasy bar food and beautiful young women in crop tops.
Read More
The Price Of Success
Football is finally back, which marks the return of a number of our favorite things: beer, barbecues, tailgating, fantasy football, cheerleaders, and… tremendous cash injections for the U.S. economy. Although it is not considered “America’s Pastime,” the National Football League (NFL), not a public company, is easily the most profitable professional sports institution in America.
Read More
Buds, Barley, & Bills
There is no denying that Americans love beer, especially during warm summers. From barbeques to camping, beer is an indispensable component of most warm-weather activities. Thus, it should come as no surprise that two of the largest beer companies, Anheuser-Busch (BUD) and Molson Coors (TAP), are currently the driving force behind the recent success of the economy’s consumer goods sector.
Read More