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 […]

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 […]

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. […]

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 […]

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 […]

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. […]

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 […]

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 […]

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 […]

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 […]

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 […]

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