As restaurants’ inflationary challenges continue, many are shifting focus from long-term bets to immediate practical solutions. In an interview with PYMNTS, Rick Stanbridge, executive vice...
Starbucks and major restaurant chains are rethinking their loyalty program strategies amid worsening economic conditions. The coffeehouse chain, the world’s largest restaurant brand by revenue,...
Despite the economic challenges restaurant aggregators faced in 2022, the year nonetheless yielded many innovations. Aggregators expanded into new categories, new methods of fulfillment and...
Even while restaurants’ hiring recovers, McDonald’s and other brands are automating to reduce headcount and labor costs. That restaurant hiring might lead to problems. This,...
As restaurants compete for consumers’ loyalty, earn-and-burn rewards programs may not be enough. Consequently, more brands around the world are turning to subscription and membership...
With lower restaurant sales, dining establishments may need to consider new cost-cutting strategies. Nearly all businesses are battling the economy’s continued inflationary cycle, coupled with...
If high global food prices weren’t enough, the restaurant industry is seeing fewer online orders too. By the Numbers PYMNTS’ new study “How The World...
As restaurant menu prices rise, diners are seeking out more affordable options. By the Numbers Research from the latest edition of PYMNTS’ Digital Divide study,...
The pandemic pushed many restaurants to reduce service or raise prices, which led many consumers to reduce their frequency of dining out. Baby boomers and...