The team behind Edley's Bar-B-Que plans to open their fourth restaurant about this time next year — and it will be their first outside of Nashville. Eater Nashville reports that entrepreneurs Will and Catharine Newman are taking space in the same Lexington, Kentucky, shopping center J. Alexander's has picked for one of its next locations.
J. Alexander’s Holdings director Frank Martire has in the past week spent almost $215,000 to build his stake in the restaurant company. Martire was named to the board of West End-based J. Alexander’s in September, just before the company returned to the New York Stock Exchange. He is the executive chairman of Fortune 500 company Fidelity National Information Services and was that company’s CEO from 2009 to early this year.
Martire's recent purchases have more than doubled his stake in J. Alexander’s (Ticker: JAX), which has climbed about 10 percent since being spun out of Fidelity National Financial nearly two months ago.
The average per-gallon price of regular gas in Nashville on Sunday was $1.98, down four cents compared to the mark of a week ago and up two cents from the figure of four weeks prior.
This time in 2014, the average per-gallon price of regular gas in Nashville was $2.72, according to AAA The Auto Club Group.
Relatedly, Tennessee’s average price was $1.91 on Sunday, down seven cents compared to the figure from the previous week. The price was $1.97 four weeks ago and $2.61 a year ago. In Tennessee, the peak price to date this year has been $2.58 (on June 17). a AAA release notes.
The national average Sunday was $2.08, down eight cents from the mark of the prior Sunday.
When an estimated 42 million Americans fill-up the car for a Thanksgiving road trip, they will pay the cheapest pump prices for the holiday since 2008, AAA reports. The average price of gasoline nationwide is $2.08, 72 cents lower than last year’s average of $2.80 on Thanksgiving Day.
“Motorists are saving around $11 for a full tank of gas compared to this time last year,” Mark Jenkins, AAA spokesman, said in the release. “That gives travelers more money to spend on lodging, shopping and dining out.”
BB&T Capital Market analyst Anthony Chukumba has raised his rating on shares of Dollar General to 'buy' from 'hold.' The move came after the stock (Ticker: DG) slid nearly 10 percent in the past month to the low $60s. Chukumba sees it climbing to $78.
Donatos Pizza is targeting a late January 2016 opening for its Midtown restaurant.
The suburban Columbus, Ohio-based parent company of the eatery is having DWC Construction of Nashville overhaul the Broadway structure that most recently served solely as the home to Salon FX. That entity will remain in the building but operate from a smaller space accessed via Division Street. Donatos, which ranks among the nation’s 25 largest pizza chains by sales, will front Broadway.
Tom Santor, Donatos Pizza spokesman, said the company has enlisted Music Row-based Smallwood Nickle Architects to handle the update of the building. He said the Midtown store will offer various pizzas (including one that features Nashville staple hot chicken) not found at other Donatos locations. Santor said the store is expected to employ 10 full-timers and 30 part-time workers.
Of note, the Midtown Donatos (to be the first for the company in Music City) will offer various local beers, including Hop Project IPA from Yazoo Brewing, Ruby American Red Ale from Fat Bottom Brewing, St. Charles Porter from Blackstone Brewing and Thunder Ann APA from Jackalope Brewing. In another local move, the restaurant will feature live music.
According to pizzatoday.com, Donatos ranked as the nation’s 22nd largest pizza chain in 2014, with the company recording $162 million in gross sales for that year. In 2011, Technomic.com ranked Donatos No. 1 for sales in the fast-casual pizza chain segment.
Read more here.
(Image courtesy of Donatos and Smallwood Nickle)
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