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 chains. Read more here: https://www.restaurantbusinessonline.com/financing/suddenly-there-are-not-enough-restaurants
Coronavirus has caused potentially lasting damage on casual and family dining chains such as Ruby Tuesday, even as fast food drive thru’s thrive, according to a new study. Read more here: https://www.restaurantbusinessonline.com/financing/black-box-12-full-service-chain-restaurants-are-closed
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