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coronavirus

Industries all across the country are experiencing the disruptive impact of the COVID-19. Discover how it could affect the U.S. foodservice, grocery and convenience industries.

Operations

FDA suspends menu-labeling rules

 By Peter Romeo on Apr. 08, 2020

Chain restaurants now have the leeway to change their takeout and delivery menus without updating nutritional disclosures accordingly.

Financing

Half of Starbucks’ U.S. locations are closed

 By Jonathan Maze on Apr. 08, 2020

The company said same-store sales fell as much as 70% in the last week of March as the coronavirus shutdown took hold.

Financing

At McDonald’s, the coronavirus interrupted a strong start

By Jonathan Maze on Apr. 08, 2020

U.S. same-store sales were up 8.1% in January and February before falling 13% in March, prompting delays in capital spending, cuts in executive pay and increased franchisee assistance.

Financing

More restaurant chains let workers wear masks

By Jonathan Maze on Apr. 08, 2020

McDonald’s and Chick-fil-A changed their policies as federal recommendations evolve, while workers and labor-backed groups intensify pressure.

Financing

Casual dining will not be the same after the coronavirus shutdown

By Jonathan Maze on Apr. 08, 2020

With many chains already struggling, the sector faces a quick shakeout as dine-in sales plunge and options dwindle, says RB's The Bottom Line.

Financing

Off-premise soars, but Olive Garden’s same-store sales drop 59.7%

By Peter Romeo on Apr. 07, 2020

Parent company Darden Restaurants' fine-dining group saw steeper declines as dine-in sales plunged.

Leadership

Inspire Brands forms a $1M relief fund

By Peter Romeo on Apr. 07, 2020

The Inspire Brands Foundation will use its resources to aid restaurant relief efforts and relieve childhood hunger.

Financing

Tilman Fertitta offers to pay 15% interest on a ‘lifeline’ loan, report says

By Peter Romeo on Apr. 07, 2020

The billionaire concept collector is also sinking another $50 million of his own money into his hospitality empire.

Operations

BJ’s Restaurants suspends rent payments

By Peter Romeo on Apr. 07, 2020

The casual chain said it is negotiating with landlords in hopes of getting the fees suspended or restructured.

Financing

As demand for disaster loans soars, so does frustration

By Jonathan Maze on Apr. 07, 2020

Banks quickly took massive numbers of applications as small businesses sought federal help to get them through the coronavirus shutdown.

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