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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, 5/29/2019
Hourly restaurant workers can now get certified by the National Restaurant Association in a program aimed at helping them move up the career ladder. Read more about the Association’s ServSuccess progam here: https://www.restaurantbusinessonline.com/topics/restaurant-association-launches-program-keep-employees-industry Start with a food truck or locate in a mall food court – two of five […]
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 […]
Restaurant News Roundup, 2/26/19
Wendy’s works with NexGen Consortium to advance sustainable packaging solutions to replace single-use packaging waste. Read more here: https://www.qsrmagazine.com/news/wendys-looks-advance-sustainable-packaging Papa John’s has teamed up with Purdue University Global to offer free tuition to employees who sign up for the online degree program. The pizza chain employees can pursue degrees […]
Restaurant News Roundup, 2/5/19
Thirteen mega-companies control dozens of popular chains, including Burger King, Taco Bell and Olive Garden. Read more here: https://www.businessinsider.com/companies-that-control-the-restaurant-industry-2019-1 Delivery-Only restaurants are surging because of low overhead costs when starting this kind of eatery business. Read more here: https://www.forbes.com/sites/lanabandoim/2019/01/28/how-ghost-restaurants-are-changing-the-restaurant-business-model/#54e46a7f41d7 The wave of baby boomer retirements is affecting the restaurant […]
Restaurant News Roundup, 1/14/19
Latest federal jobs report says the restaurant industry added almost 41,000 jobs last month, bringing the number hired in 2018 to more than 235,000. Read more here: https://www.restaurantbusinessonline.com/financing/restaurants-added-41000-jobs-last-month Carl’s Jr. offers non-meat burger at 1100 of its eateries, an experiment that will last through the end of this month. […]
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