About Bill Rodgers
Restaurant News Roundup, 3/7/2020
Restaurant industry bracing for coronavirus impact as some experts predict a shift toward food delivery. Read more here: https://www.nrn.com/news/restaurant-industry-braces-coronavirus-impact McDonald’s, Starbucks and Dunkin’ Donuts among restaurants taking sanitation measures to prevent coronavirus spread. Read more here: https://www.cnbc.com/2020/03/06/us-restaurants-respond-to-coronavirus-with-more-cleaning-and-creativity.html Coronavirus impact overseas: restaurants have closed in cities like Shanghai, Macau, […]
Restaurant News Roundup, 2/22/2020
Layoffs at Subway’s corporate headquarters in Connecticut reflect struggle at the sandwich chain giant as it copes with declining sales and store closings. https://www.restaurantbusinessonline.com/financing/subway-lays-300-corporate-headquarters Papa John’s turnaround plan seems to be bearing fruit as the company focuses on improving company culture with incentives such as its Dough & Degrees […]
Restaurant News Roundup, 1/25/20
A recent survey of full-service restaurants show the sector has no shortage of challenges but still is thriving with an average profit margin of 11 percent. Read more here: https://www.fsrmagazine.com/finance/state-full-service-restaurant-industry With consolidation increasingly the norm in the restaurant business, more mergers are taking place among growth chains buying up other […]
Restaurant News Roundup, 12/21/19
The front-runner for the Democratic presidential nomination, Joe Biden, is calling for the McDonald’s work force to be unionized. Read more here: https://www.restaurantbusinessonline.com/workforce/joe-biden-calls-unionization-mcdonalds The food and beverage industry once had the lowest average chargeback rates in the business, but now almost one-third of respondents to a recent survey say these forced refunds […]
Restaurant News Roundup, 11/06/2019
Restaurant Brands International, which operates Burger King and Tim Hortons among others, is among four restaurant companies that have received a prestigious industry award. Read more here: https://www.restaurantbusinessonline.com/leadership/4-restaurant-companies-awarded-top-global-industry-honor More full service restaurants are closing down as more customers patronize fast casual and quick service markets. Read more here: https://www.foxbusiness.com/lifestyle/restaurant-chains-dying The […]
Restaurant News Roundup, 10/16/19
Chipotle expands its college tuition assistance program for eligible employees in a move to retain and recruit workers. Read more here: https://www.restaurantbusinessonline.com/workforce/chipotle-expands-its-tuition-assistance-program KFC launches on-line ordering and sees big success right off the bat. The move is part of the chain’s overall technology strategy. Read more here: https://www.restaurantbusinessonline.com/technology/kfcs-future-online-ordering-more-delivery-artificial-intelligence […]
Restaurant News Roundup, 10/01/2019
The restaurant industry’s share of the food dollar is now at 51% as more Americans eat out than ever before, according to an overview of the US restaurant business. Read more here: https://articles2.marketrealist.com/2019/09/the-restaurant-industry-an-overview/ Supermarket chain Kroger has opened a food hall in a new store in downtown Cincinnati, in […]
Restaurant News Roundup, 9/16/2019
Apps are now the way to go for restaurants. That’s the word from a top executive at Wayback Burgers who says email and social media are just not enough anymore. Read more here: https://www.forbes.com/sites/forbesbusinessdevelopmentcouncil/2019/09/16/restaurant-app-best-practices/#2593c437522a Taco Bell rolls out a vegetarian menu, with 13 meatless options, to meet […]
Restaurant News Roundup, 8/20/2019
Food delivery apps are reshaping the $836 billion restaurant industry – as more digital-only establishments are set up to make food for people who want to eat at home. Read more here: https://www.nytimes.com/2019/08/14/technology/uber-eats-ghost-kitchens.html?searchResultPosition=3 But this chain, Jimmy John’s, is bucking the trend to use delivery apps like Uber Eats or […]
Restaurant News Roundup, 8/6/19
Pizza Hut to shutter hundreds of locations as it transitions away from dine in restaurants and replaces them with take out and delivery stores. Read more here: https://www.restaurantbusinessonline.com/financing/pizza-hut-plans-close-hundreds-us-units A new survey shows men are eating out less frequently, one reason why restaurant traffic is down over the past two […]
Restaurant News Roundup, 7/17/2019
Chipotle and Shake Shack stocks up by more than 60% so far this year, the two top performers in the restaurant industry where overall stocks are up just 11% because of weak sales and higher labor costs. Read more here: https://www.restaurantbusinessonline.com/financing/chipotle-shake-shack-lead-restaurant-stocks Subway is expected to provide franchisees with more than […]
Restaurant News Roundup, 6/18/19
The market for buying up restaurant chains is especially active now…as Jack’s Family Restaurants, among others, are reportedly looking for buyers. Read more here: https://www.restaurantbusinessonline.com/financing/lot-restaurant-chains-are-sale-right-now While the threat of tariffs on Mexican imports has eased, the restaurant industry could be hurt if they are implemented since food costs would […]
Restaurant News Roundup, 5/13/19
A survey of restaurant consumers finds they are becoming increasingly concerned over finances, with 49 percent saying they plan to re-allocate their spending to purchases other than going out to eat. Read more here about the 2019 US Restaurant Outlook Survey: https://www.consulting.us/news/2215/labor-issues-financial-unease-top-restaurant-industry-concerns-in-2019 BBQ chain, Famous Dave, has opened its first […]
Restaurant News Roundup, 4/23/19
As Kona Grill prepares to file for bankruptcy, its problems are not unique – many chains find themselves in dire straits after overaggressive growth. Read more here: https://www.restaurantbusinessonline.com/financing/kona-grill-its-former-ceo-go-war A new study says the big rise in California’s minimum wage is hurting the restaurant industry in the state, especially smaller, […]
Restaurant News Roundup, 4/1/2019
Where’s the beef? Burger King tests a flame-grilled, plant-based patty at eateries in the St. Louis area, with plans to later offer it nationwide. The no-beef item is being called the Impossible Whopper! Read more here: https://www.apnews.com/Business%20Wire/4b11f2f3db6f4747901ef35792c95779 Survey shows Olive Garden and Outback Steakhouse are tops in customer satisfaction […]
Restaurant News Roundup, 3/12/19
Chipotle has launched a new customer loyalty program, part of a comeback strategy for the Mexican grill chain. Read more here: https://www.nrn.com/fast-casual/chipotle-launches-new-loyalty-program Struggling restaurant chains are becoming more attractive to investors betting on a brand turnaround. Example: the Rego Restaurant Group which last year bought Quiznos and Taco Del […]
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