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Restaurant News Roundup, 05/17/2021

As COVID-19 restrictions loosen, restaurants continue to experience staff shortages despite offers of increased pay.  Read more here: https://abcnews.go.com/Business/restaurants-hard-time-finding-staff-now/story?id=77562018   KFC wants to fill 20,000 full and part-time positions across the nation.  Read more here: https://www.cnbc.com/2021/05/05/kfc-looks-to-hire-20000-workers-as-restaurant-industry-faces-labor-crunch.html   Latest SBA data shows the agency has received almost 147,000 applications requesting a […]

Latest Restaurant News May 17, 2021

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Restaurant News Roundup, 04/08/2021

Restaurant owners struggle to ramp back up as sales rebound because they can’t hire enough employees, even though an estimated 1.8 million restaurant were displaced by the pandemic crisis.  Read more about the restaurant labor crunch here: https://www.restaurantbusinessonline.com/workforce/restaurants-sales-are-returning-not-necessarily-their-workers   As the industry slowly recovers in South Florida, many hospitality workers […]

Latest Restaurant News April 8, 2021

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Restaurant News Roundup, 03/13/2021

In addition to the almost $29 billion in direct aid to restaurants in the COVID relief bill signed into law by President Biden, there are other additional provisions that will help the industry.  Find out more here: https://www.restaurantbusinessonline.com/financing/4-additional-breaks-restaurants-covid-recovery-bill   While the Great Recession is said to have given rise to […]

Latest Restaurant News March 13, 2021

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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: […]

Latest Restaurant News January 25, 2021

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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 […]

Latest Restaurant News January 4, 2021

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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 […]

Latest Restaurant News December 13, 2020

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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” […]

Latest Restaurant News November 22, 2020

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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 […]

Latest Restaurant News November 2, 2020

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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 […]

Latest Restaurant News August 16, 2020

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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. […]

Latest Restaurant News August 1, 2020

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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 […]

Latest Restaurant News July 22, 2020

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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 […]

Latest Restaurant News June 28, 2020

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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. […]

Latest Restaurant News June 5, 2020

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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 […]

Latest Restaurant News May 5, 2020

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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 […]

Latest Restaurant News April 21, 2020

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Restaurant News Roundup, 4/5/2020

Coping with coronavirus restrictions, California Pizza Kitchen is among the chains offering meal kits and grocery items for pick-up or delivery.  Read more here: https://www.foodnetwork.com/fn-dish/news/2020/4/chain-restaurants-new-ways-to-feed-customers Restaurants across U.S. mobilize to help feed medical workers on the frontline of the coronavirus pandemic. Read more here: https://www.washingtonpost.com/news/voraciously/wp/2020/04/04/restaurants-step-up-to-feed-hospital-workers-on-the-pandemics-front-lines/   Some states ease restrictions on […]

Latest Restaurant News April 5, 2020

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Restaurant News Roundup, 3/21/2020

Domino’s will hire 10,000 workers to meet delivery demand during the coronavirus outbreak, with Domino’s CEO saying in a statement the restaurant chain not only wants to feed people during the crisis but also provide jobs for those “…looking for work at this time, especially those in the heavily-impacted restaurant […]

Latest Restaurant News March 21, 2020

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