As the restaurant industry has matured and growth is largely stagnant, companies are searching for new ways to build sales.
In this week’s edition of the Restaurant Business podcast "A Deeper Dive," I discuss these strategies with Editor-at-Large Peter Romeo.
The industry is in a slow-growth period, as same-store sales and traffic have been weak in recent years. That has prompted companies to seek out new ways to generate revenue, including subscription programs, prepaid meals, licensing, takeout and, of course, delivery.
We discuss these issues and why you should expect more such efforts in the future. We also talk about whether delivery is the solution to sales over the long term.
Please have a listen.