What top things should applicants adhere to when crafting a good resume and cover letter?
•Make it easy to read – formatting is important.
•Include dates, locations and company names.
•Include a broad statement of your position and most importantly, what you achieved in that position.
•In the cover letter, demonstrate a focus – show yourself as someone who knows what they want to do.
•Provide evidence that you’ve read the job posting and understand the type of person needed for the position.
•Show interest in our company.
Carl’s Jr., Hardee’s parent seeks $100M IPO
CKE Inc., parent company to the Carl’s Jr. and Hardee’s quick-service restaurant chains, registered late Thursday for a $100 million initial public offering of stock.
In filings with the U.S. Securities and Exchange Commission, the Carpinteria, Calif.-based company said it intends to list its stock on the New York Stock Exchange under the symbol “CK.” Net proceeds would be applied toward debt and for general corporate purposes, the company said.
Both the size of the offering and the estimated offering price have not been determined.
The two restaurant chains are owned by Columbia Lake Acquisition Holdings Inc., an affiliate of private-equity firm Apollo Management, which acquired the brands’ then parent company, CKE Restaurants Inc. for about $1 billion, including debt, in 2010. Prior to that deal, CKE Restaurants had been a public company for 29 years.
Apollo kept the company’s management team, with current chief executive Andrew Puzder.
CKE is not the only restaurant company looking at an IPO this year. Other chains that have filed for IPOs include the parent companies of Outback Steakhouse, Joe’s Crab Shack and Del Frisco’s Double Eagle Steakhouse. Burger King is also looking to return to the New York Stock Exchange.
RELATED: Restaurant IPOs are heating up
For its fiscal year ended Jan. 30, CKE reported a net loss of $6.3 million, compared with a loss of $35.4 million the prior year. Corporate revenue totaled $1.3 billion, a decrease of 3.8 percent compared with fiscal 2011.
At the end of the fourth quarter, CKE operated or franchised 3,243 restaurants, including 1,313 Carl’s Jr. units and 1,921 Hardee’s restaurants in 42 states and 25 foreign countries. The company also holds nine locations of secondary brand Green Burrito.
JCPenney to roll out several new brands; open 20,000-sq.-ft. in-store home shop
NEW YORK — JCPenney executives laid out further details of their strategy going forward during the chain’s quarterly conference call with investors. The call followed the release of JCPenney’s first quarter results, when it reported a worse-then-expected loss of $163 million, and a 19% drop in same-store sales.
JCPenney said it would launch a new private label apparel brand, jcp, for both men and women. The brand is set to debut in August.
In addition, JCPenney said it will debut several brands in the fall, including a line for young girls, called Dream Pop by Cynthia R. It also will roll out branded collections from designers Betsey Johnson, Vivienne Tam and Lulu Guiness. JCPenney is also looking to expand such brands as Puma and Nike, and rebuild its St. John’s Bay, Worthington and Stafford brands.
In other plans, the retailer in the first half of 2013 will launch a 20,000-sq.-ft. home department, which will be anchored by the Martha Stewart shop, according to Advertising Age. Collections by designers Jonathan Adler and Michael Graves (whose partnership with Target recently ended) will be represented in the new space, the report said.
Staples Q1 suffers on flat U.S. sales
Staples Q1 suffers on flat U.S. sales
“In North America we continue to build momentum in categories beyond office supplies while trends in our international business remain soft,” said Ron Sargent, Staples’ chairman and chief executive officer. “Our plans remain on track to grow both sales and earnings during 2012.”
Sales at the company’s North American retail division were $2.3 billion and essentially flat compared with the first quarter of 2011. Comparable-store sales for the first quarter of 2012 were flat, as average order size and customer traffic were unchanged versus the prior year.
Sales at Staples’ North American delivery business were $2.6 billion, an increase of 2% compared with the prior-year period. This primarily reflects double-digit sales growth in facilities and breakroom supplies and strong growth in copy and print and promotional products.
Sales in international operations for the first quarter were $1.2 billion, a decrease of 8% in U.S. dollars and a decrease of 5% on a local currency basis compared with the first quarter of 2011. These results reflect weak sales in Australia and Europe, including a 6% decline in comparable-store sales in Europe.
Staples is maintaining its 2012 outlook for full-year sales to increase in the low single-digits compared with the prior year and full year diluted earnings per share to increase in the high single-digits versus adjusted diluted earnings per share of $1.37 achieved in 2011.
Walmart throws weight into home improvement
The area is organized by home improvement project. For instance: how to stain a deck, install a water filter system, caulk a window or install a towel bar. In the deck video, an unidentified handy-man narrator explains, “All the tools are available at Walmart to get you going.”
The website also lets users download a project sheet with tips and instructions.
Walmart has long dealt in home improvement products, but the latest effort e-blasted to customers with the invitation to “Explore Walmart’s complete solution to make home do-it-yourself projects simple” marks an aggressive change for DIY. The e-blast listed the three key features of the online tool: checklists, instructions and how-to videos.
Home improvement specialists of all sizes have long felt insulated from competition from the mass retail channel due to specialized training and product knowledge of employees on the sales floor — a sophistication that they feel stores such as Walmart cannot match. But even if a more focused campaign from Walmart moves the perception needle even slightly, the results could be dramatic given Walmart’s sheer size.
Big Lots to honor military members with discounts on Armed Forces Day
“We recognize the effort and sacrifice of all those who serve and protect,” said CEO Steve Fishman, himself a former U.S. Army Reservist. “We hope many members of the military will take advantage of this offer and enjoy a special day of shopping in their honor.”
Military identification includes the following: military ID card, military dog tags, Veteran ID card, Veterans organization card (e.g. American Legion, VFW), military discharge/separation document, VA benefits card, or other military designations.
Mother’s Day specials boast more than brunch
Mother’s Day is traditionally one of the highest-volume days of the year for restaurants specializing in upscale brunch, but foodservice brands across all segments see the holiday as a sizeable opportunity to boost traffic and are deploying promotions beyond brunch to attract mothers and families.
New research from online-reservation specialist OpenTable Inc. suggests that while brunch is still the most popular meal on Mother’s Day, marketing opportunities for restaurants exist beyond the mid-morning meal. Although 58 percent of people surveyed said brunch was part of their plans, 39 percent said the family planned to take Mom out to a special dinner — and roughly one-quarter of them said they may eat out more than once on Mother’s Day.
The survey results indicated another good sign for restaurants of all types: Twenty percent of respondents said they plan on spending more money this year for Mother’s Day. Three quarters of them said they plan to spend about the same amount as last year.
Among the restaurants taking advantage of Mother’s Day marketing opportunities beyond brunch is First Watch, a Bradenton, Fla.-based chain of 90 breakfast-and-lunch restaurants. For the sixth consecutive year, the chain will offer mothers a complimentary box of Russell Stover chocolates for dining in on Mother’s Day. Similarly, Nashville, Tenn.-based Shoney’s is giving away its Hot Fudge Cake to all mothers with the purchase of an entrée at its more than 200 restaurants in 17 states.
Fellow family-dining chain Denny’s is incorporating an interactive element for its offer of a free Skillet Cookie a la Mode. Guests can send their mother’s a free Mother’s Day e-card from the Denny’s website in exchange for a coupon for the dessert, redeemable on Mother’s Day. Spartanburg, S.C.-based Denny’s operates or franchises 1,685 restaurants.
Fazoli’s, the chain of more than 200 fast-casual Italian restaurants, also ran a digital promotion for Mother’s Day. The Lexington, Ky.-based brand was scheduled to name its “Mother of the Year” Friday, after several weeks of soliciting nominations on its Facebook page. The winner would receive free family meals at Fazoli’s for one year.
“Our moms take care of us 365 days a year, year after year,” chief marketing officer Cathy Hull said in a statement. “That’s why we wanted to continue the tradition of honoring Mom with a prize that will allow her to sit down and enjoy a quality meal with her family each month fo
McDonald’s: Special offers drove April same-store sales growth
May 8, 2012 By Mark Brandau
.McDonald’s Corp. said its same-store sales growth in April resulted largely from “premium food events,” or limited-time offers, in the United States and around the world. Global same-store sales rose 3.3 percent last month for McDonald’s, reflecting gains of 3.3 percent in the United States, 3.5 percent in Europe and 1.1 percent in the Asia/Pacific, Middle East and Africa, or APMEA, division. “Our focus on delivering great-tasting food and an exceptional restaurant experience generated positive global comparable-sales results in April,” said the company’s chief executive, Jim Skinner. “Amidst a challenging global economic environment, McDonald’s ongoing commitment to optimizing the menu, modernizing the restaurant experience and broadening accessibility will enable us to continue to satisfy the evolving needs of our customers.”
RELATED: McDonald’s: Technology, menu optimization key in near term The company credited a mix of promotions for seasonal beverages and for everyday value, particularly the 20-piece McNuggets option on the new Extra Value Menu, for driving domestic results. The United States’ system of more than 14,000 restaurants has had the company’s best same-store sales performance year-to-date, posting a 7.4-percent gain through April 30, compared with 4.6 percent for Europe and 4.3 percent for APMEA. Each of Europe’s big four markets — the United Kingdom, Russia, France and Germany — all contributed toward the continent’s positive results, McDonald’s Corp. said. The company said a Monopoly promotion in Germany and the United Kingdom, as well as premium limited-time offers in France and Russia, drove sales.
Food trucks: Possibilities and pitfalls to consider
Ross Resnick, founder of the food-truck-locating RoamingHunger.com website, offered a variety of tips to succeed in the growing foodservice segment in a panel entitled, “Roll Out the Right Way: Starting a Successful Food Truck Program”
“It’s an industry that is in its infancy,” said Resnick, whose website is one of the most thorough trackers of food truck growth. “It’s a brand-new business.”
Since 2009, the number of trucks listed on the Roaming Hunger website has grown 710 percent, to more than 2,300, Resnick said. And food truck growth is anticipated to grow another 260 percent by 2014, he said.
While pioneering food trucks like Kogi BBQ in Los Angeles succeeded easily a few years ago, the landscape has become much more congested. Food trucks are less unique, Resnick said.
“You can’t be successful on the basis of being a food truck alone,” he said.
The popularity of food trucks has moved beyond the most populous urban centers of Los Angeles, New York and San Francisco to smaller cities. Resnick said his top five cities for food truck growth are: Indianapolis, Ind.; Minneapolis-St. Paul, Minn.; Philadelphia; Raleigh, N.C.; and Tampa, Fla.
Success depends on many factors, he added, but among them are differentiated branding, a reasonably sized menu, a good selection of sales locations, a strong social media presence and patience when it comes to growth.
“These brands are being built very slowly,” Resnick said. Many have found success in teaming with other operators to provide informal food-truck malls and also by joining the growing number of local food truck associations, which can now be found in such cities as Chicago, New York and Philadelphia, and such regions as Southern California and the District of Columbia.
In addition, Resnick said, food trucks need to develop a catering program to expand the meal occasions and revenue-stream stability. With regular catering income, a truck can better survive the rough road of inclement weather and other business drawbacks. “Catering is what’s going to pay your bills,” he said.
Because they already face at least four regulatory hurdles, including health permits, business licensing, parking restrictions and zoning laws, food trucks with alcohol beverage sales have been few and far between.
“If you could figure out the drive-thru daiquiri truck, I think you could do pretty well,” Resnick said with a laugh.
