Continue to Site >>>

News

Consumer Trends

Survey: Consumers are increasingly cutting back on dining out

 By Heather Lalley on Jul. 30, 2020

Fear of contracting the coronavirus is keeping many from visiting restaurants, according to a survey from consulting firm AlixPartners.

Financing

Half the nation’s innkeepers fear foreclosure, survey finds

 By Peter Romeo on Jul. 30, 2020

The canvass by the American Hotel & Lodging Association also found that much of the industry is still out of work.

Financing

Dunkin' could close 1,150 global locations

By Jonathan Maze on Jul. 30, 2020

The company is working with operators to close low-volume and low-profit restaurants, including 800 in the U.S.

Operations

Pret shuts its Chicago and Boston markets as sales plunge nearly 90%

By Heather Lalley on Jul. 30, 2020

The U.K.-based fast-casual chain is pursuing new delivery channels and other steps to stabilize its downward slide.

Financing

KFC and Pizza Hut’s sales surge, while Taco Bell’s fall

By Jonathan Maze on Jul. 30, 2020

Yet parent company Yum Brands said its Mexican concept has improved significantly since April as customers flocked to its speedier drive-thrus.

Operations

Cheesecake Factory finds outdoor service nearly matches dine-in volumes

By Peter Romeo on Jul. 30, 2020

It's also held onto 90% of to-go sales at locations that have re-opened dining rooms.

Financing

Where does the economy go from here?

By Jonathan Maze on Jul. 29, 2020

The RB podcast “A Deeper Dive” features economist Joel Naroff discussing what is necessary for the economy to fully recover, and how that will affect restaurant sales.

Financing

Senate eyes go-ahead for second PPP loans

By Peter Romeo on Jul. 29, 2020

The plan put forth by Republican leaders would also remove restrictions on how restaurants could spend the money.

Financing

Investment firm acquires Bamboo Sushi parent out of bankruptcy

By Jonathan Maze on Jul. 29, 2020

Sortis Holdings acquired Sustainable Restaurant Group and plans to implement its pre-pandemic growth strategy.

Financing

Wingstop’s success story continues despite the pandemic

By Heather Lalley on Jul. 29, 2020

The fast-casual wing chain, whose dining rooms remain closed, reported same-store sales growth of nearly 32% for Q2.

  • Page 792