Restaurants

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Consumers Engage Digitally With Restaurants 34% More Than Grocers
Consumers Engage Digitally With Restaurants 34% More Than Grocers
June 26, 2024  |  Consumer Insights

As consumers turn to digital platforms to meet their food needs, their eCommerce adoption of restaurants is greater than for grocery. By the Numbers The...

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DoorDash and Deliveroo Acquisition Talks Ended on Valuation Disagreement
DoorDash and Deliveroo Acquisition Talks Ended on Valuation Disagreement
June 25, 2024  |  Aggregators

A potential combination of meal delivery companies Doordash and Deliveroo was reportedly discussed but rejected in May. Doordash approached Deliveroo about acquiring that company at that time,...

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Delivery Apps See Orders Drop After Wage Hikes
Delivery Apps See Orders Drop After Wage Hikes
June 23, 2024  |  Delivery

When gig workers in Seattle won higher wages, delivery apps like DoorDash hiked their fees. Now, The Wall Street Journal (WSJ) reported Saturday (June 22),...

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Restaurants Push Promotions as Diners Lose Appetite for High Prices
Restaurants Push Promotions as Diners Lose Appetite for High Prices
June 23, 2024  |  Retail

Consumers are spending less at restaurants as menu prices remain high.  And as Seeking Alpha reported Saturday (June 22), it’s a situation that’s left some...

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American Express to Acquire Restaurant Tech Providers Tock, Rooam
American Express to Acquire Restaurant Tech Providers Tock, Rooam
June 21, 2024  |  Acquisitions

American Express has announced agreements to acquire two technology providers — Tock and Rooam — to expand its suite of digital tools for restaurants and merchants. Both transactions...

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Darden Sees Fine-Dining Comparable Sales Drop Amid Inflation, Job Concerns
Darden Sees Fine-Dining Comparable Sales Drop Amid Inflation, Job Concerns
June 20, 2024  |  Earnings

Darden Restaurants saw its same-store sales slip at its fine dining locations amid consumers’ concerns about inflation and the job market. Rick Cardenas, president and...

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5 Big Ideas: Making the Case for Instant Payments
5 Big Ideas: Making the Case for Instant Payments
June 19, 2024  |  Faster Payments

In recent years, instant, P2P payments have seen a surge in adoption, emerging as a popular method for consumers to receive funds and make personal...

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Consumers Send Mixed Messages on May Retail Spend
Consumers Send Mixed Messages on May Retail Spend
June 18, 2024  |  Economy

Retail sales for the month of May signal a consumer slowdown overall — and some mixed trends among discretionary categories. The data released Tuesday (June...

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Radar CEO Sees Geolocation Driving Future of Digital-Physical Commerce
Radar CEO Sees Geolocation Driving Future of Digital-Physical Commerce
June 13, 2024  |  Connected Economy

As technology and the connected economy march onward, the boundary between the digital and physical worlds is becoming increasingly blurred. New opportunities are emerging —...

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