Restaurant New Roundup, 10/16/2024

TGI Fridays is undergoing a wave of closures with six location shutdowns just in the past week.  The fast-casual chain, which started out as a singles bar in New York in 1965, has been struggling for years because of shifting customer demand.  Read more here:  https://www.restaurantbusinessonline.com/financing/tgi-fridays-closes-more-us-restaurants-troubles-continue   It’s becoming clear […]

Restaurant News Roundup, 10/04/2024

Hiring at restaurants and bars took off last month, according to the latest report by the U.S. Department of Labor.  With almost 70,000 jobs added, more than one in four workers hired in September filled positions at a restaurant or bar.  Read more here: https://www.restaurantbusinessonline.com/workforce/restaurant-job-growth-took-last-month   Red Lobster’s new CEO, […]

Restaurant News Roundup, 09/20/2024

A Gallup survey says American’s opinions of the restaurant industry has declined this year to its lowest point since 2008 but still remains much higher than how Americans view grocers. Read more here: https://www.restaurantbusinessonline.com/consumer-trends/americans-view-restaurants-has-tumbled-year   Instead of being a job killer, McDonald’s touchscreen kiosks preserve jobs by increasing sales and […]

Restaurant News Roundup, 09/06/2024

The latest federal jobs reports shows the restaurant industry continues to hire workers at a stable clip despite some signs of worsening economic conditions.  Friday’s U.S. Labor Department report says restaurants and bars added almost three thousand jobs in August.  Read more here: https://www.restaurantbusinessonline.com/workforce/restaurant-hiring-held-steady-august-providing-rare-spot-good-macro-news   Despite Friday’s positive jobs report, […]

Restaurant News Roundup, 08/28/2024

Red Lobster is closing 23 more restaurants across the country by the end of this month as the chain seeks to cut costs amid its Chapter 11 bankruptcy process.  The Orlando-based seafood chain, which has already shut down some 100 locations, filed for bankruptcy protection in May.  Read more here: […]

Restaurant News Roundup, 08/14/2024

While restaurant prices continued to outpace grocery prices last month, the increase has slowed according to the latest CPI report by the U.S. Bureau of Labor Statistics.  Read more here: https://www.nrn.com/finance/restaurant-menu-prices-decelerate-continue-outpace-grocery-prices   The new incoming CEO of Starbucks, Brian Niccol, has a short time window to turn around the faltering […]

Restaurant News Roundup, 08/03/2024

Latest U.S. jobs report shows restaurants and bars added more than 19,000 jobs last month.  Read more here: https://www.nrn.com/node/434208   Taco Bell is expanding the use of voice-activated AI in the drive-thru to hundreds of its restaurants around the country. Taco Bell has been working on the technology for the past […]

Restaurant News Roundup, 07/22/2024

McDonald’s plans to extend its $5 meal deal through next month.  Introduced in late June, the company says the deal is meeting its objective of driving more customers to its stores.  Read more here: https://www.foxbusiness.com/markets/mcdonalds-extend-5-meal-deal-most-us-restaurants   Inflation, rising labor costs and consumers with less disposable income are among the challenges […]

Restaurant News Roundup, 07/10/2024

New research shows 9 of 10 tipped restaurant employees in eight states want to keep their current compensation model instead of getting a higher wage.  The survey indicates they fear their earnings would drop if they could not receive tips.  Read more here: https://www.restaurantbusinessonline.com/workforce/servers-dont-want-lose-tip-credit-new-research-shows   Some California fast food franchisees […]

Restaurant News Roundup, 06/23/2024

Restaurant owners are expected to add more than half a million summer jobs this year, according to a forecast by the National Restaurant Association.  Read more here:  https://totalfood.com/restaurant-industry-projected-add-525000-summer-jobs/   While some major restaurant chains are experiencing slower sales, others such as Chick-fil-A and Jersey Mike’s are booming in popularity.  Find […]

Restaurant News Roundup, 06/04/2024

Taco John’s, a Mexican fast-food chain, plans to use AI to handle drive-thru orders at its more than 350 franchised restaurants following a successful experiment at a location in Minnesota.  Taco John’s joins other fast food chains such as Wendy’s, Checkers and Hardee’s testing the new technology.  Read more here: […]

Restaurant News Roundup, 05/21/2024

Red Lobster has filed for bankruptcy and closed almost 90 stores across 27 states.  Read more here: https://www.usatoday.com/story/money/food/2024/05/20/red-lobster-bankruptcy-locations-closing/73772169007/   Staffing, AI, and sustainability are among the highlighted topics at this year’s National Restaurant Association Show in Chicago.  Read more here: https://www.restaurant-hospitality.com/staffing/4-takeaways-2024-national-restaurant-association-show   Wow Bao’s steamed bun concept finds success in […]

Restaurant News Roundup, 05/03/2024

Restaurant employment had modest gains in April, adding some 28,000 jobs according to the latest report by the Bureau of Labor Statistics.  Read more here: https://www.nrn.com/consumer-trends/restaurant-industry-jobs-growth-slows-april-unemployment-rate-rises   The long-predicted consumer pullback seems to have arrived as chains such as Starbucks, KFC and Pizza Hut are reporting shrinking same-store sales.  Read […]

Restaurant News Roundup, 04/22/2024

A new study says workers in the restaurant and foodservice industry have the highest number of complaints about burnout compared to other industries.  Read more here: https://www.nrn.com/data-research/restaurant-industry-has-highest-degree-employee-burnout-study-shows   Fast food diners say they are cutting back on eating out because of rising prices.  Read more here: https://www.businessinsider.com/fast-food-is-expensive-people-annoyed-eating-out-restaurant-2024   Red Lobster, […]

Restaurant News Roundup, 04/11/2024

California restaurants are now dealing with the ripple effect of the minimum wage hike for fast food workers.  Restaurants of all sizes are reassessing their operations to adapt to the changed economic climate.  Read more here: https://www.nrn.com/workforce/delivering-digital-restaurant-california-wage-law-sends-ripples-through-restaurant   Chick-fil-A’s non-mall eateries last year generated average unit revenues of $9.4 million, according […]

Restaurant News Roundup, 04/01/2024

California fast-food workers at chains with more than 60 national locations are now earning $20 an hour as a new state law goes into effect.  Some affected eateries have raised menu prices or cut their workforce.  Read more here: https://www.necn.com/news/business/money-report/california-fast-food-workers-are-getting-a-raise-other-businesses-might-have-to-catch-up/3198669/   Tensions emerge at California’s Fast Food Council, the deliberative body […]

Restaurant News Roundup, 03/21/2024

  Salaried fast-food managers in California will be entitled to overtime pay under the state’s new minimum wage law that goes into effect next month.  Read more here: https://www.restaurantbusinessonline.com/workforce/californias-new-fast-food-wage-law-will-also-expand-overtime-eligibility   As the restaurant industry anticipates record sales in 2024, insurance costs are likely to go up as well.  Higher restaurant […]

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