Restaurant Business Daily

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Financing

Restaurant chains grabbed the PPP lifeline

A third of Top 500 concepts, though mostly smaller chains, received federal stimulus loans, as did many of their franchisees.

Marketing

Chains make big investments in their loyalty programs

Starbucks, Taco Bell, Wendy’s and several others have been upgrading or introducing their programs as they hope to build traffic coming out of the pandemic.

The Mexican fast-food chain’s CEO joins the RB podcast “A Deeper Dive” to discuss how his chain has responded to COVID-19, and also Taco Tuesday.

American Blue Ribbon Holdings, which declared bankruptcy in January, is selling the restaurants in a pair of deals, citing “liquidity constraints.”

Sales and profits plunged last quarter and many restaurants remain closed, but cost cuts led to improved margins at open locations.

The company believes combining its Wendy’s Rewards with its new breakfast can bring customers in more often.

Total industry sales increased 20% last month, but they remain well off pre-COVID-19 levels and uncertainty remains, says RB’s The Bottom Line.

Consumers’ shift has chains like McDonald’s and Taco Bell thinking differently, says RB’s The Bottom Line.

Global Franchise Group also added two additional executives under CEO Paul Damico.

The Mexican fast-food chain will change its menu next month, saying the simplification will improve speed and open possibilities for innovation.

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