food and beverages

Consumers See Restaurants Getting Stingier With Discounts Amid Inflation 
Consumers See Restaurants Getting Stingier With Discounts Amid Inflation 
August 18, 2023  |  Restaurant Roundup

As food inflation puts pressure on restaurant margins, consumers have noticed restaurants scaling down their deals and promotions.   By the Numbers  Of more than 1,800...

READ MORE >
Red Robin Sees Delivery Sales Fall After Axing MrBeast Burger
Red Robin Sees Delivery Sales Fall After Axing MrBeast Burger
August 18, 2023  |  Delivery

Red Robin Gourmet Burgers is seeing delivery orders drop — a decrease in line with industry-wide trends but compounded by the restaurant’s turn away from...

READ MORE >
Cava Takes on Restaurant Industry Giants With Competitive Digital Infrastructure 
Cava Takes on Restaurant Industry Giants With Competitive Digital Infrastructure 
August 16, 2023  |  ResTech

Fast-casual restaurant Cava may still be a relatively small chain compared to industry giants, but with its investments into the digital space, the brand is...

READ MORE >
Bain to Buy Steakhouse Chain Fogo de Chão for $1.1 Billion
Bain to Buy Steakhouse Chain Fogo de Chão for $1.1 Billion
August 16, 2023  |  Acquisitions

Bain Capital is set to acquire Brazilian steakhouse chain Fogo de Chão.  Current owner Rhone Capital announced the sale in a news release Tuesday (Aug....

READ MORE >
OTG Trades iPads for Mobile Ordering at Airport Eateries
OTG Trades iPads for Mobile Ordering at Airport Eateries
August 14, 2023  |  ResTech

Airport hospitality firm OTG Management is changing the way its customers order their meals. The company has begun phasing out the iPads used for orders...

READ MORE >
Chili’s Pulls Back Coupons and Raises Prices Despite Consumer Trade-Down
Chili’s Pulls Back Coupons and Raises Prices Despite Consumer Trade-Down
February 01, 2023  |  Restaurant innovation

Chili’s is raising prices, counting on loyal customers to step up as price-sensitive diners withdraw. The casual dining giant’s parent company Brinker International shared Wednesday...

READ MORE >
Restaurants’ Legacy Payment Processes Cost Revenue, Time and Clients
Restaurants’ Legacy Payment Processes Cost Revenue, Time and Clients
January 27, 2023  |  Restaurant innovation

With restaurants struggling to maintain profits, legacy B2B payment practices may drain revenue they can’t afford to lose. Although many restaurants have adopted consumer-facing innovations...

READ MORE >
Restaurants Refuse to Scrimp on Taste Even as Inflation Forces Cutbacks
Restaurants Refuse to Scrimp on Taste Even as Inflation Forces Cutbacks
January 23, 2023  |  Restaurant innovation

As restaurants seek to cut costs, PYMNTS data shows most prioritize maintaining food quality. A Word from Insiders Even the brands touting low menu prices...

READ MORE >
Inflation Puts Pressure on Ghost Kitchen Model
Inflation Puts Pressure on Ghost Kitchen Model
January 23, 2023  |  Restaurant innovation

After years of explosive growth, ghost kitchens face a reckoning as consumers seek cheaper alternatives. Throughout the pandemic, the delivery-only virtual brand model proliferated, and...

READ MORE >