Giggles N’ Hugs, Inc. (GIGL) Success Story Ready for National & International Expansion
According to National Restaurant Association data, restaurants gobble up around 47 percent of all consumer food spending, doing some $709 billion each year in sales, and providing employment for over 14 million Americans. However, while there has been a great deal of innovation in the fast-casual segment in recent years, an overly saturated market has left operators desperately searching for new recipes to success, and the casual dining end of the market remains largely dominated by entrenched brands such as Luby's (NYSE: LUB) Fuddruckers, or Darden Restaurant’s (NYSE: DRI) Olive Garden. The heavily consolidated casual dining market is ripe for…