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Peter Romeo

Editor at Large

Articles by
Peter Romeo

Page 97
Financing

Week One of the $29B Restaurant Revitalization Fund: $2B awarded

Initial grants averaged $125,000, draining the fund by about 7%. Industry officials have voiced fears that the pool will run dry in a matter of weeks.

Workforce

Employees’ take on staffing woes: Restaurants have themselves to blame

A union-affiliated survey of industry employees found that 53% intend to leave their restaurant jobs, most likely because of wages.

Financing

Court keeps restaurants’ hopes alive on collecting from insurer

A federal judged ruled that losses as well as damages could be covered by a business-interruption policy.

Financing

Earnings roundup: Chuy's, El Pollo Loco, Ruth's Chris, Good Times, Bad Daddy's

Smaller publicly owned chains had a more mixed Q1 and April than many of their larger counterparts.

Financing

Applebee's, IHOP to get smaller sister formats, more virtual brands

Parent Dine Brands Global intends to increase its development options by creating smaller prototypes and opening Flip'd units.

Financing

The Restaurant Revitalization Fund has already received a lot of applications

The $29 billion fund already has 186,200 applicants in just two days. About half the requests have come from operators believed to be most in need, the White House says.

Workforce

Late-night labor challenges slow Denny's rebound

Two-thirds of the chain's restaurants can't find enough workers to stay open all night, hurting its sales recovery in the process.

Workforce

Union vote set for a Voodoo Doughnut shop

Industrial Workers of the World are repeating the organization approach that was successful with Burgerville.

Workforce

7-Eleven franchisees ask to close overnight because labor's too tight

The operators say graveyard sales barely cover the staffing cost. It's the latest indication of a shortage of workers hurting operations.

Financing

The $29B Restaurant Revitalization Fund could run out of money in 'weeks'

National Restaurant Association officials say the pool could run dry before many companies can get aid. And not every type of restaurant will even be considered for another 21 days.

Operations

New York to drop most restaurant restrictions on May 19

The move coincides with an end of restrictions in New Jersey and Connecticut. A nightly curfew will continue until May 31.

Marketing

Connecticut restaurants will give free drinks to vaccinated customers

Diners who buy food at participating locations can also get a free beverage between May 19 and June 1 if they show proof of inoculation.

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