Restaurant

AUSTIN, Minn. — Hormel Foods Corporation has announced the advancement of Thomas R. Day, group VP, foodservice, to group VP, refrigerated foods.

As a result of the move, Deanna T. Brady, VP of sales, foodservice, will advance to group VP, foodservice, and Mark J. Ourada, foodservice regional sales manager, will advance to VP of sales, foodservice. These advancements will become effective Oct. 28.

Dallas — Cypress Equities has acquired the Glendale Marketplace in Glendale, Calif. The 154,420-sq.-ft. open-air retail and entertainment center is adjacent to the Americana at Brand.

National retail brands represented in the center include HomeGoods, Old Navy, Starbucks, GNC and Outback Steakhouse.

SRS Real Estate Partners will represent Cypress in lease negotiations.

Seattle -- Starbucks Coffee Company is entering the yogurt business. The company announced it has entered into a strategic agreement with the makers of Dannon to offer a jointly created and developed selection of specialty yogurt products in participating Starbucks stores and in grocery channels.

Ann Arbor, Mich. – Domino’s Pizza, Inc. delivered strong results in net income, revenues and same-store sales during second quarter 2013. Net income totaled $33.3 million, up 18.5% from $28.1 million the same quarter a year earlier. Total revenues were about $414.1 million, up roughly 10% from $376.1 million a year earlier. Same-store sales rose 5.8% following an increase of 5.7% a year earlier, driven by 6.8% growth in domestic franchise stores.

Irvine, Calif. – Taco Bell plans to discontinue all kids’ meals and toys at its U.S. restaurants. The fast-food chain will start removing the items from its menu at stores this month at anticipates to have eliminated all kids’ meals and toys in the U.S. by January of next year. Menu items from kids’ meals will remain available for individual purchase.

Greg Creed, CEO of Taco Bell, said kids’ meals are not part of the company’s long-range strategy and have an insignificant impact on overall sales.

Oak Brook, Ill. -- McDonald’s Corporation reported modest global gains in net income, revenues and same-store sales during the second quarter of fiscal 2013. Both its profit and revenue trailed analysts’ estimates.

Aliso Viejo, Calif. – Johnny Rockets has named Gary Campanaro as CFO. Campanaro previously served as CFO for the El Pollo Loco and Claim Jumper restaurant chains and has also held executive roles at Keith Companies, CB Richard Ellis and CKE Restaurants.

New York -- RKF has arranged the $9.25 million sale of a 6,800-sq.-ft. mixed-use building in Manhattan’s Bowery neighborhood. RKF represented the seller, 325 Bowery Development LLC, and the buyer, Atlas Bowery LLC, an affiliate of Atlas Capital Group.

Constructed in 1990, the building consists of retail and loft-style residential space on four floors above a basement and sub-basement. Peels NYC café occupies the ground floor.