Bucking the trend of trimming back loyalty programs and digital innovations could help restaurant chains retain customers. Inflation has affected consumers’ dining habits, leaving both fine dining and quick service restaurants (QSRs) scrambling to make ends meet. Although PYMNTS’ research found that the rate of...
Big restaurant chains are faster to recover from the pandemic as compared to smaller independent eateries, Bank of America (BoA) said, as reported by CNBC. The spending at smaller restaurants is about 20 percent behind the bigger companies, according to BoA’s data. Gregory Francfort and...
U.S. restaurant chains dealt with slow-growing sales and lower demand among consumers during 2018 — and more pain is expected in the New Year. According to a report in Bloomberg citing analysts and industry watchers, U.S. restaurants are expected to face more pain in 2019...
The U.K. food delivery competition just heated up. Startup takeaway-ordering company Just Eat has shared plans to move up a notch to take on bigger competitors like Deliveroo and UberEats. While Just Eat typically works with smaller restaurants, its interim chief executive shared the news...
July 09, 2020
Big restaurant chains are faster to recover from the pandemic as compared to smaller independent eateries, Bank of America (BoA) said, as reported by CNBC. The spending at smaller restaurants is about 20 percent behind the bigger companies, according to BoA’s data. Gregory Francfort and JonMichael Shekian, BoA analysts, looked at transaction data from BoA […]
December 28, 2018
U.S. restaurant chains dealt with slow-growing sales and lower demand among consumers during 2018 — and more pain is expected in the New Year. According to a report in Bloomberg...
