Rising interest rates are spurring the exit of some longtime KFC executives. Loyalty programs are proving to be valuable to foodservice operators in today’s economy. Yum! Brands takes another step toward exiting Russia. RoboBurger plans to grow via some new funding.
The government numbers for prices in July are interesting and lead to speculation on where inflation is headed and if a recession is in the future. QDOBA gets new owners. While Wendy’s will cut back on its ghost kitchen plans, other operators are not spooked by the segment.
Plus, co-branding continues to grow in popularity. Dinner becomes the show in one Chicago neighborhood.
Hiring was up substantially in July, including in the foodservice business. IFMA projects a decline in the amount foodservice operators will spend in 2023. Starbucks continues to attract attention from Wall Street. These stories and a whole lot more This Week in Foodservice.
Lots and lots of jobs data to parse. Smokey Bones opens a virtual food hall. Robots get more personable. Line balk continues to impact drive-thru service—these stories and more this week in foodservice.
As industry performance struggles, the National Restaurant Association asks the Small Business Administration to release more aid. McDonald’s last quarter sales outperformed stock analysts’ expectations. These stories and more This Week in Foodservice
The NRA reported there was a very slight increase in the August Performance Index.
Restaurants' rollercoaster relationship with social media continues. A sandwich chain bets on pizza in Las Vegas. Chipotle invests in the future of the foodservice industry, while Kitchen United receives an investment to propel its future growth. These stories and more This Week in Foodservice.
Is the restaurant industry labor crunch starting to wane? The Small Business Administration is asked to forgive loans made during the pandemic. Hardee’s gets a brand refresh, while Portillo’s tests a cashless drive-thru. Plus, Chicago approves testing of food delivery robots. These stories and more This Week in Foodservice.
College foodservice shows signs of improvement. Starbucks continues to wrestle with numerous challenges. A Notre Dame chef scores a big culinary touchdown. These stories and more This Week in Foodservice.
The U.S. Census Bureau reported that total retail sales increased in August, as did sales at foodservices and drinking places. Starbucks begins introducing its numerous changes. Burger King will invest $400 million in updated restaurants and advertising over the next 2 years. These stories and a whole lot more This Week in Foodservice.
The three largest foodservice distributors report strong sales in the first quarter of this year. Foodservice hiring was surprisingly good in June. The Panera Bread Company decides not to go public. These stories and more This Week in Foodservice.
A lot of people believe that the three major broadline foodservice distributors provide a quick look at what is happening in the field. If this is an accurate assessment, the market is doing well based on the big three’s most recent financial quarters.
The Conference Board reports consumer confidence took a hit in June. Grubhub’s parent company is exploring various options for the food delivery firm, while Middleby adds to its portfolio. These stories and more This Week in Foodservice.
A California law targeting fast-food restaurants draws fire from industry leaders. Starbucks takes a fresh look at everything as it welcomes a new CEO. These stories and a whole lot more This Week in Foodservice.
Plus, the University of Michigan’s Consumer Sentiment Index hit an all-time low in May. The Greene Turtle goes through some changes. These stories and more this Week in Foodservice.
Robots and restaurants were very much in the news this week. Artificial intelligence guides a robot to handle takeout orders. More consumers are buying breakfast beverages and snacks as people give up remote working and return to their employers' facilities. And McDonald’s has begun market testing a chicken version of the Big Mac. These stories and more This Week In Foodservice.
The U.S. Census Bureau’s Advance Monthly Retail Sales for May reported total retail sales declined while sales of food services and drinking places increased. A top executive exits Starbucks. The National Restaurant Association urges the President and Congress to cut tariffs that are driving up inflation. These stories and a whole lot more This Week In Foodservice.
U.S. retail sales were flat in July. Froyo chain 16 Handles gets a new owner. Restaurant operators face steep challenges, per a National Restaurant Association study. Jack in the Box looks to sell some company-owned Del Taco units. These stories and a whole lot more This Week in Foodservice.
Recently the term “stagflation” has popped up. A burger chain turns to AI to offer customers suggestions on what to order. These stories and more This Week in Foodservice.
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