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TDn2K

Workforce

Turnover soars to highest levels in decades, new research finds

Rates rose for both hourlies and managers, says TDn2K.

Financing

Black Box: Restaurants lost momentum in May

Same-store sales were flat for the month, and traffic continued to decline.

Traffic is still falling, but the industry is showing some improvement after a tough start to 2018.

Employee turnover is up after teasing the industry with plateauing numbers this summer.

A just-released gauge of the industry's performance last month suggests conditions could have hit bottom.

Same-store sales declined 0.3% as storms hit the Midwest and Northeast.

The average check also slipped as chains tried to lure patrons with deals.

The industry is on pace for its first positive quarter in two years, but weak traffic remains a problem.

It was the second-best month of sales in two years, but traffic still fell.

The impact of hurricanes in Texas and Florida may mask a turn in the right direction for sales and traffic counts, according to new data.

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