Supermarkets' full-year operating margins will probably be flat due to higher labor and logistics bills, according to Bernstein, reported The Wall Street Journal (April 1).
read moreNearly 3.3 million Americans applied for unemployment benefits last week—more than quadruple the previous record set in 1982, reported CBS News (March 26).
read moreMore than 47,000 chain stores across the U.S. temporarily shut their doors in 10 days, according to data compiled by Bloomberg.
read moreSales of comfort foods are spiking as consumers practice social distancing, reported Bloomberg (March 19).
read moreThe U.S. restaurant industry is set to lose 7.4 million jobs, according to a report from Challenger, Gray & Christmas Inc.
read moreGrubhub is temporarily suspending collection of up to $100 million in commission payments from impacted independent restaurants...
read moreStifel analysts lowered earnings estimates for restaurant companies on Wednesday on expectations the coronavirus that causes the illness COVID-19 will create labor shortages and impact opening hours as it continues to spread across the U.S., reported
Dow Jones futures plunged on March 9, along with S&P 500 and Nasdaq futures as a crude oil price war adds to coronavirus fears, reported Investor's Business Daily (March...
read moreOnline shopping and delivery are expected to surge as cases of coronavirus increase in the U.S., reported Seattle Times (March 3).
read moreGoldman Sachs Group Inc. expects the U.S. economy will shrink an annualized 34% in the second quarter, and unemployment will soar to 15% by midyear, reported Bloomberg (March 31).
read moreMany food and beverage companies are doing their part to help others during COVID-19.
read moreFarmers in rural America are expanding food delivery to meet rising demand from consumers, particularly in areas of the country where grocery delivery services are not widely available, reported Reuters (March...
read moreWhile workers in other industries are finding themselves without work, many foodservice, retail, and manufacturing companies across the U.S. are hiring and encouraging the unemployed from other industries to apply to help them keep up with demand amid read more
The number of Americans applying for first-time unemployment benefits increased sharply due to the coronavirus pandemic, reported
With workers in the restaurant, sports, and entertainment industries heavily impacted by closures during coronavirus, companies like Lineage Logistics LLC are stepping up and offering employment opportunities.
read moreIn an effort to practice social distancing amid the coronavirus pandemic, many food businesses are offering contactless options for their customers.
read morePepsiCo entered into an agreement to acquire Rockstar Energy Beverages for $3.85 billion.
read moreAs Starbucks locations reopen in China, closures are beginning in the U.S., leaving many to wonder if this is an early indicator of other company closures to come.
read moreThe House passed a $8.3 billion bill to battle coronavirus March 4, reported read more
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