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, 12/07/2023

Ghost Kitchens, the pandemic concept that was going to revolutionize the restaurant industry, are going out of business and closing.  Read more here: https://www.cnn.com/2023/12/05/business/ghost-kitchens-were-supposed-to-be-the-future-of-fast-food-theyre-flaming-out/index.html   Wage growth for restaurant workers has slowed dramatically from a high of 10.5% in December 2021 to 4.9% in October 2023.  This according to a […]

Restaurant News Roundup, 09/15/2023

California’s minimum wage for fast food workers will rise to $20 an hour next April following a compromise deal reached between the restaurant industry and unions.  Read more here: https://www.cnbc.com/2023/09/15/california-fast-food-minimum-wage-deal-what-to-know.html   Wall Street analysts warn online food delivery companies, like DoorDash, could be hit hard as the pandemic-era pause on student-loan […]

Restaurant News Roundup, 03/16/2023

The latest U.S. Labor Department figures show restaurant menu prices continue to outpace inflation at supermarkets and other food outlets, rising by 8.4% year over year in February.  Read more here: https://www.restaurantbusinessonline.com/financing/restaurant-menu-price-inflation-not-slowing   Starbucks and McDonald’s continue to be the world’s most valuable restaurant brands, according to a new report […]

Restaurant News Roundup, 03/01/2023

Higher menu prices and continued pent-up demand will drive up food industry sales by over 6% in 2023, according to a forecast by the National Restaurant Association.  Read more here: https://www.nrn.com/operations/foodservice-sales-hit-997-billion-2023-national-restaurant-association-forecasts   McDonald’s CEO has lashed out against regulatory efforts at the state and federal levels that he says could […]

Restaurant News Roundup 08/22/2022

Restaurants’ breakfast business is booming after taking a hit during the pandemic.  Read more here: https://www.forbes.com/sites/aliciakelso/2022/08/11/after-taking-a-hit-during-the-pandemic-restaurants-breakfast-business-is-coming-back-with-velocity/?sh=25652cefed17   A new survey by the National Restaurant Association finds that most restaurant owners have increased menu prices in recent months to offset higher food, beverage and labor costs.  Almost half of those surveyed […]

Restaurant News Roundup, 08/02/2022

A survey shows consumers are more likely to cut spending on clothes and travel instead of eating out at restaurants.  Read more here: https://www.restaurantdive.com/news/consumers-spend-40-percent-of-food-budget-on-restaurants-despite-inflation/627327/   Chipotle launches training program focused on the basics of operations – called “Project Square One” – to serve more meals to customers as sales increased […]

Restaurant News Roundup, 03/08/2022

  McDonald’s and Starbucks are shutting their restaurants and cafes in Russia in response to Russia’s invasion of Ukraine. They are the latest businesses to join the move to sanction Moscow for its aggression.  Read more here: https://www.cnn.com/2022/03/08/business/mcdonalds-pepsi-coke-russia/index.html   KFC owner Yum Brands is another American business pausing its Russia […]

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, 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, 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, 8/20/18

Restaurant companies fail to make Forbes’ top ten ranking as best employers for women, though Five Guys and Caribou did make the top 100 list.  Read more here: https://www.restaurantbusinessonline.com/workforce/which-restaurant-chains-are-best-female-employees McDonald’s launches $6 billion modernization plan to include digital ordering kiosks and digital menu boards. Read more here: https://www.foxbusiness.com/economy/mcdonalds-details-6-billion-us-restaurant-modernization National Restaurant Association commits […]

Restaurant News Roundup: Win for 3 Chains, Restaurant Pitfalls & Grubhub Map Launch

Texas Roadhouse, Darden Restaurants and McDonald’s are growing despite the two-year downturn of negative same-store sales that has affected other eateries.  Find out why here: https://www.foxbusiness.com/markets/3-chains-that-are-defying-the-restaurant-recession   Thinking of opening a restaurant?  Check out this list of non-so-obvious pitfalls to avoid: https://www.modernrestaurantmanagement.com/some-not-so-obvious-mistakes-restaurants-make/   Grubhub launches map of women-led restaurants across the US […]

Restaurant News Roundup, 7/4/16

Industry research firm says restaurant sales are virtually flat and are expected to remain weak for the rest of the year. The cause? Uncertainty over the presidential election, according to one analyst. Read more here: http://www.businessinsider.com/people-are-spending-less-at-restaurants-and-its-terrifying-news-for-the-economy-2016-6 Jim Cramer of Mad Money assesses the stock performance of six restaurant chains, giving thumbs […]

Restaurant News Roundup, 6/23/16

Grocery stores offering fresh, restaurant-quality prepared foods are attracting more business, especially from millennials, according to a research industry firm. Read more about the rise of so-called “grocerants” here: http://www.businessinsider.com/millennials-are-abandoning-restaurants-2016-6 These five online sites will help restaurant owners keep on top of the latest trends reflecting customer needs and wants. […]

Restaurant News Roundup, 6/7/16

  Restaurant operators are feeling optimistic about the economy this year and believe there will be expanding opportunities in the industry, according to an American Express survey. A recent survey shows McDonald’s and Burger King are the most disliked fast-food eateries in America. Read more here: http://www.businessinsider.com/most-hated-fast-food-restaurants-mcdonalds-burger-king-chick-fil-a-kfc-2016-5 Amazon has launched […]

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