Restaurant News Roundup, 02/18/2022

Biden administration officials are reported to be deeply skeptical of adding more money for the restaurant industry as they work with Congress to draft what could be the last parcel of government pandemic aid.  Read more here: https://www.politico.com/news/2022/02/18/the-white-house-throws-cold-water-on-a-restaurant-industry-bailout-00009940   CEO of high-end restaurant group says normalcy for his business in […]

Restaurant News Roundup, 12/30/2021

Steakhouse chains such as the Capital Grille and Ruth’s Chris are among the restaurant industry winners in 2021, having survived the pandemic disruption in 2020 to emerge on top as this year comes to an end.  Other winners: Chipotle.  Read more here: https://www.restaurantbusinessonline.com/operations/restaurant-industrys-biggest-winners-2021   Fat Brands bought four restaurant chains […]

Restaurant News Roundup, 09/02/2021

Restaurant and food service industry sales expected to jump nearly 20% this year but restaurant owners say hiring remains difficult and worry that the spread of the delta variant could stall a recovery.  Read more here: https://www.cnbc.com/2021/08/31/restaurant-owners-say-hiring-is-becoming-an-increasing-challenge-.html   Hourly restaurant workers say disrespect from customers is a big factor in […]

Restaurant News Roundup, 07/08/2021

Higher labor and food costs putting pressure on restaurants coping with already thin margins.  Read more here: https://www.washingtontimes.com/news/2021/jul/7/for-the-restaurant-industry-inflation-is-a-recipe-/   While total sales at restaurants are climbing and almost back to pre-pandemic levels, restaurant employment still lags.  Read more here: https://qz.com/2024911/us-restaurant-sales-are-booming-but-employment-continues-to-lag/   Customer service jobs in health care and other fields […]

Restaurant News Roundup, 06/14/2021

Rising food costs, especially for beef and chicken, impacting restaurants, forcing diners to pay more for a meal.  Read more here: https://www.foxbusiness.com/features/diners-expect-menu-subsitutions-restaurants-costs-rise   Doubling wages to $15 an hour plus tips boosts job applications at restaurants having difficulty staffing up.  Some owners relate their experiences in this article here: https://www.washingtonpost.com/business/2021/06/10/worker-shortage-raising-wages/   […]

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 […]

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” […]

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 […]

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