Restaurant News Roundup, 05/09/2022

Big chains like Chipotle are faring much better than small restaurants or independents in the wake of the pandemic’s fallout.  Easier access to money is one main reason.  Read more here: https://www.cnn.com/2022/04/30/business-food/restaurant-chains-pandemic/index.html   As chains like KFC and Taco Bell take over the restaurant industry, the National Restaurant Association calls […]

Restaurant News Roundup, 01/31/2022

Ponderosa, Ruby Tuesday and Boston Market are among over half a dozen restaurant chains that have seen declining sales and closed scores of outlets as they continue to struggle with changing consumer behavior in the wake of the pandemic.  Read more here: https://www.eatthis.com/news-restaurant-chains-shrinking/   Restaurant owners are offering shorter workweeks, […]

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 […]

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, 09/28/2020

Le Pain Quotidian, California Pizza Kitchen, Sizzler are among 17 major restaurant chains that have filed for bankruptcy since the start of the pandemic.  Read more here: https://www.restaurantbusinessonline.com/financing/these-restaurant-companies-filed-bankruptcy-during-pandemic   No back to normal for the restaurant industry as the impact of the coronavirus pandemic forces change to the restaurant model.  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, 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, 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 […]

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