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coronavirus_chains

Financing

Restaurant chains are set to close thousands of locations

 By Jonathan Maze on Oct. 30, 2020

Starbucks, Dunkin’, IHOP, Pizza Hut and others are shuttering units as they shift business models or their sales struggle.

Operations

Delivery fees hurt Noodles’ Q3 profits

 By Heather Lalley on Oct. 29, 2020

The fast-casual chain has seen explosive digital growth during the pandemic, but third-party platform commissions are eating into its margins.

Food

Panera Bread debuts new menu category fit for pandemic dining

By Heather Lalley on Oct. 28, 2020

The fast-casual chain launched three flatbread pizzas, with plans to add new versions next year.

Financing

Hammered by the pandemic, Studio Movie Grill declares bankruptcy

By Jonathan Maze on Oct. 26, 2020

As studios hold back on new releases and restrictions remain, the restaurant-theater chain hybrid started running out of cash.

Operations

Sweetgreen lays off 20% of its corporate office

By Heather Lalley on Oct. 26, 2020

The fast-casual chain, which raised $350 million a year ago, is facing a challenging future as downtown workers continue to do their jobs at home.

Financing

Rubio’s Coastal Grill declares bankruptcy

By Heather Lalley on Oct. 26, 2020

The fast-casual chain, which has $82.3 million in debt, began seeing falling sales in 2017, according to court documents.

Emerging Brands

How the pandemic forced Bonchon to fast track its tech upgrades

By Heather Lalley on Oct. 23, 2020

The South Korean fried chicken chain says it is reaping the rewards of a quick shift to online ordering.

Workforce

Noodles boosts its benefits package

By Heather Lalley on Oct. 22, 2020

The fast-casual chain has added free mental health counseling, paternity leave and more to its latest suite of benefits.

Operations

Buffet chain Country Cookin shutters all of its restaurants

By Heather Lalley on Oct. 20, 2020

The 13-unit chain, headquartered in Virginia, had operated since 1981.

Marketing

Chipotle takes its Halloween promo virtual

By Heather Lalley on Oct. 15, 2020

The chain’s 20th annual Boorito promo will now hand out 500,000 BOGO entrees through its social media channels.

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