food and beverages

Generative AI’s Biggest Impact May Be as a Specialist
Generative AI’s Biggest Impact May Be as a Specialist
August 24, 2023  |  artificial intelligence

General-purpose innovations can often fall into the solution-in-search-of-a-problem trap.  After all, to a hammer everything looks like a nail. And to large language models (LLMs), everything might...

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Ongoing Restaurant Inflation Has Even Super Fans Cutting Back
Ongoing Restaurant Inflation Has Even Super Fans Cutting Back
August 23, 2023  |  Consumer Finance

As restaurant prices continue to rise, even the most enthusiastic diners are beginning to pull back on eating out and ordering in, PYMNTS research reveals....

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More Restaurants Add Designated Pickup Areas as Consumers Shift to Carryout
More Restaurants Add Designated Pickup Areas as Consumers Shift to Carryout
August 22, 2023  |  Restaurant innovation

With inflation concerns prompting many consumers to choose restaurant pickup over delivery, more eateries are creating spaces in their restaurants to accommodate this shift. By...

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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...

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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...

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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...

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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....

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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...

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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...

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