Restaurant News Roundup, 05/09/2022

Big chains like Chipotle are faring much better than small restaurants or independents in the wake of the pandemic’s fallout.  Easier access to money is one main reason.  Read more here: https://www.cnn.com/2022/04/30/business-food/restaurant-chains-pandemic/index.html   As chains like KFC and Taco Bell take over the restaurant industry, the National Restaurant Association calls […]

Restaurant News Roundup, 03/08/2022

  McDonald’s and Starbucks are shutting their restaurants and cafes in Russia in response to Russia’s invasion of Ukraine. They are the latest businesses to join the move to sanction Moscow for its aggression.  Read more here: https://www.cnn.com/2022/03/08/business/mcdonalds-pepsi-coke-russia/index.html   KFC owner Yum Brands is another American business pausing its Russia […]

Restaurant News Roundup, 05/17/2021

As COVID-19 restrictions loosen, restaurants continue to experience staff shortages despite offers of increased pay.  Read more here: https://abcnews.go.com/Business/restaurants-hard-time-finding-staff-now/story?id=77562018   KFC wants to fill 20,000 full and part-time positions across the nation.  Read more here: https://www.cnbc.com/2021/05/05/kfc-looks-to-hire-20000-workers-as-restaurant-industry-faces-labor-crunch.html   Latest SBA data shows the agency has received almost 147,000 applications requesting a […]

Restaurant News Roundup, 10/16/19

Chipotle expands its college tuition assistance program for eligible employees in a move to retain and recruit workers.  Read more here:  https://www.restaurantbusinessonline.com/workforce/chipotle-expands-its-tuition-assistance-program   KFC launches on-line ordering and sees big success right off the bat.  The move is part of the chain’s overall technology strategy.  Read more here:  https://www.restaurantbusinessonline.com/technology/kfcs-future-online-ordering-more-delivery-artificial-intelligence   […]

Restaurant News Roundup, 3/12/19

Chipotle has launched a new customer loyalty program, part of a comeback strategy for the Mexican grill chain.  Read more here:  https://www.nrn.com/fast-casual/chipotle-launches-new-loyalty-program   Struggling restaurant chains are becoming more attractive to investors betting on a brand turnaround.  Example: the Rego Restaurant Group which last year bought Quiznos and Taco Del […]

Restaurant News Roundup, 10/24/2016

Study finds that turnover rates at the management and hourly levels in the restaurant industry continue to rise, with management turnover at its highest level in 10 years. Read more here: http://hospitalitytechnology.edgl.com/news/Data-Reveals-Slow-Job-Growth-in-Restaurant-Industry107505 Burger King reports better-than-expected third quarter sales, but the increase is far below last year’s numbers. Restaurant Brands […]

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