Restaurant News Roundup, 01/25/2021

Higher labor costs, more direct COVID-19 relief, and immigration reform are some of the policies the restaurant industry can expect from the Biden administration.  Details here: https://www.restaurantbusinessonline.com/leadership/what-restaurants-can-expect-under-biden   Restaurant industry workers are worried about losing tip credit if Biden proposal for $15 minimum wage goes into effect. Read more here: […]

Restaurant News Roundup, 01/04/2021

Despite devastating COVID-19 impact on the restaurant industry, some positive signs for 2021 – including huge pent-up demand for eating out once the virus is under control.  Read more here on the outlook and analysis for 2021:  https://www.forbes.com/sites/aliciakelso/2021/12/30/what-does-the-restaurant-industry-look-like-in-2021-and-beyond/?sh=7fe7bfa826a4   Food writers, chefs, restaurant owners make 2021 predictions for the beleaguered […]

Restaurant News Roundup, 12/13/2020

An estimated 17% of the restaurants in the U.S. have closed permanently this year because of the impact of the coronavirus pandemic, according to the National Restaurant Association.  Read more here: https://www.cnn.com/2020/12/08/business/restaurant-closures-coronavirus/index.html   New York’s 21 Club – which for 90 years hosted presidents and other luminaries  – has shut […]

Restaurant & Hospitality Industry 2020 Observations & Preparing for 2021

During this year,  I’ve had numerous conversations with more than 75+ restaurant & hospitality owners & executives, ranging from all concepts and sizes. It’s been a privilege to have such deep, connected, frank and fascinating conversations given these unprecedented times. So I’d like to unveil some of the key takeaways […]

Restaurant News Roundup, 11/22/2020

Despite restaurant owners clamoring for more federal aid to help offset the impact of the pandemic, no aid seems to be forthcoming. Chances of another round of the Paycheck Protection Program are said to be nil, say Washington insiders.  Read more here: https://www.restaurantbusinessonline.com/financing/no-federal-aid-sight-time-around   Chipotle opens its first “digital-only restaurant” […]

Restaurant News Roundup, 11/2/2020

The iconic family dining chain, Friendly’s, has declared bankruptcy after struggling for years.  It will be sold to a company that owns Red Mango, Smoothie Factory and other concepts.  Read more here: https://www.restaurantbusinessonline.com/financing/friendlys-declares-bankruptcy-will-be-sold-owner-red-mango   National Restaurant Association CEO Tom Bené outlines grim prospect for restaurant industry if additional government support.  Read […]

Restaurant News Roundup, 09/28/2020

Le Pain Quotidian, California Pizza Kitchen, Sizzler are among 17 major restaurant chains that have filed for bankruptcy since the start of the pandemic.  Read more here: https://www.restaurantbusinessonline.com/financing/these-restaurant-companies-filed-bankruptcy-during-pandemic   No back to normal for the restaurant industry as the impact of the coronavirus pandemic forces change to the restaurant model.  Read […]

Getting Creative: How the Hospitality Industry is Adapting to Covid-19

More than six months into the global Covid-19 pandemic, getting customers in the door remains challenging for restaurants. According to a July survey by Azurite Consulting, a management consulting firm, only 64% of customers surveyed responded that they’d feel comfortable dining out within the next two months. That number dropped […]

Restaurant News Roundup, 08/16/2020

With the National Restaurant Association projecting an overall revenue shortfall of $240 billion for 2020 because of COVID-19, industry executives mull over survival strategies.  Read more here: https://www.forbes.com/sites/hbsworkingknowledge/2020/08/10/restaurant-revolution-how-the-industry-is-fighting-to-stay-alive/#1f7423d7f1eb   Suddenly there are too few restaurants, say some industry executives and analysts, pointing to strong sales at Popeyes, Firehouse Subs and other […]

2020 Restaurant Industry Salary Report

CLICK HERE FOR THE FULL 2020 RESTAURANT INDUSTRY SALARY REPORT It is our tradition at RestaurantZone to publish each year an annual salary review, a quick reference guide of salaries being paid across the hospitality industry in the U.S. We are delighted that we are able to provide our 2020 […]

Restaurant News Roundup, 8/1/2020

California Pizza Kitchen has filed for bankruptcy, blaming the COVID-19 pandemic for its financial problems.  Take-out proved not be a solution for CPK, since 78% of its total sales before the coronavirus lockdown came from in-store dining. Read more here: https://www.cbsnews.com/news/california-pizza-kitchen-bankruptcy-chapter-11/?ftag=CNM-00-10aac3a   Dunkin’ to close in 800 locations across the U.S. […]

Restaurant News Roundup, 7/22/2020

Burger King introduces a Whopper made of “reduced methane emissions beef,” a move aimed at combatting climate change.  Read more here: https://www.washingtonpost.com/news/voraciously/wp/2020/07/14/burger-king-wants-to-combat-climate-change-by-helping-its-cows-be-a-little-less-gassy/   Almost 16,000 restaurants have shut down permanently since the coronavirus pandemic hit the U.S. in March.  Read more here: https://www.delish.com/food-news/a33393205/restaurant-closures-yelp-data/   “Ghost Food Halls” might be the […]

Restaurant News Roundup, 06/28/2020

Restaurant chains like Applebee’s and TGI Fridays are highlighting germ-free dining as they try to bring back wary customers.  Read more here : https://www.nytimes.com/2020/06/26/business/restaurant-reopenings-coronavirus.html?searchResultPosition=1   Resurgence of coronavirus cases in Texas, California, Florida and elsewhere pose a threat to the hard-hit restaurant industry.   Read more here:  https://www.restaurantbusinessonline.com/financing/growing-coronavirus-cases-pose-big-threat-restaurants-recovery   Open […]

Restaurant News Roundup, 6/5/2020

New federal employment figures show the restaurant industry brought back almost 1.4 million workers last month, an indication that more people are eating out again following the coronavirus lockdown.  Read more here: https://www.restaurantbusinessonline.com/financing/restaurants-rehired-nearly-14m-workers-last-month   Papa John’s franchises are staffing up following announcement the chain plans to hire 20,000 workers nationwide. […]

Financial Resources for Restaurants (Small Business Edition)

COVID-19 has been brutal for many small restaurant businesses. Among many things, it has taught us about the need for financial instruments and resources in the case of emergency. And while this is all happening, many are hoping the government can provide assistance to them. A business without financing options […]

Restaurant News Roundup, 5/05/2020

As restaurants re-open in some states, owners wonder if the good times of just a few months ago will ever return.  Read more here: https://www.washingtonpost.com/business/2020/05/04/restaurants-some-states-fire-up-again-proprietors-wonder-if-rich-dining-landscape-will-ever-be-same/   Texas Roadhouse tells investors the chain is generating enough cash from its to-go service to cover operating costs, and it expects to be turning a […]

Restaurant News Roundup, 04/21/2020

Ruth’s Chris Steakhouse, Shake Shack are among the national restaurant chains criticized for getting millions of dollars in grants from the multi-billion dollar federal Paycheck Protection Program, crowding out smaller restaurants from the now exhausted fund.  Read more here:  https://www.washingtonpost.com/business/2020/04/20/white-house-gop-face-heat-after-hotel-restaurant-chains-helped-run-small-business-program-dry/   An estimated 8 million restaurant workers have been furloughed […]

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