The food delivery app industry is facing a potentially drastic slump in sales, according to a new study by the Social Sciences Research Network, which tracked 27 delivery apps, including Grubhub, DoorDash and Uber Eats. …
Restaurants are struggling to win back employees so far in 2021. The Food Institute reported on this issue back in early April when QSRs were finding hiring new workers particularly challenging, and the issue has …
Here are trending economic and food industry data points, as well as major economic and company earnings releases for the coming week: unemployment benefits, global debt, surging commodities, restaurant reservations, Coca-Cola (COKE), and more Trending …
In many ways, the pandemic has been a boom time for third-party delivery platforms, which have benefited from consumers largely hunkering down at home and summoning dinners to their doorstep. But business is rapidly changing …
The push for the Raise the Wage Act, which would increase the minimum wage to $15, is pressuring U.S. businesses like restaurants that depend on keeping labor costs in check to survive. QSRs are finding …
Lamb sales are surging. While shoppers used to be wary due to its higher price tag, store sales of lamb jumped 28% year-over-year as of last month, according to Nielsen. Meanwhile, beef sales rose 25.6% …
While the fast-food “chicken wars” have been going on for some time, Taco Bell and Chipotle are now headed for battle on another front. The two largest Mexican-food chains are testing new items and jockeying …
As the pandemic continues and vaccines become more readily available in the U.S., here are some insights into how consumers feel about dining out and shopping in stores: Dining Out A significant number of Americans …
During the pandemic, restaurants have had to find new ways of winning over consumers. Those who are innovating seem to be recovering well from pandemic-related losses. “300 million people wake up hungry each day, and …
Fast-food restaurant chains are turning their attention to food trucks as a way to give pandemic-beleaguered franchisees an alternative channel to boost sales damaged by restrictions on the number of customers who can dine in …
Consumers are increasing their off-premises dinner purchases, according to the latest weekly survey from the National Restaurant Association. In the early spring 2021 period, Gen Xers and Baby Boomers have increased their weekly off-premises dinner …
There have been recent signs of recovery for the restaurant industry, but obstacles still need to be scaled before the industry is back to a full bill of health. RESTAURANT SALES SHOWING RECOVERY Restaurant sales …
Throughout the pandemic, consumer packaged goods (CPG) companies benefitted from purchases of classic CPG items like canned vegetables, pasta, and coffee, as consumers stocked up during quarantine. However, as the country opens back up, CPG …
President Biden denounced state leaders who are choosing to relax COVID-19 restrictions and protective measures at businesses including restaurants. Biden called the moves “Neanderthal thinking” and “a big mistake,” reported The Hill (March 3). His …
On February 18, The Food Institute, in conjunction with DMA, hosted a webinar that examined the recent explosion of ghost kitchens and virtual brands. The event, which featured executives from Denny’s, Kitchen United, and Lettuce …
Hotel occupancy in the U.S. fell to a record low 44% in 2020, according to travel research firm STR. “2020 was a complete wash due to international travel restrictions amongst various countries and also within …
Dan Rowe, CEO of Fransmart, joined the Food Institute podcast to discuss the restaurant of the future and its many iterations. Rowe discusses the current restaurant landscape in the wake of the COVID-19 pandemic, and …
Foodservices’ latest quarters have seen mixed results as restaurants continue to cope with pandemic-related losses. In 2020, restaurant and foodservice industry sales fell by $240 billion, from an expected level of $899 billion, according to …
Tim Hand and Bruce Reinstein, partners with food industry consulting firm Kinetic12, and Wade Hanson, principal with foodservice consulting firm Technomic, participated in a webinar yesterday hosted by The Food Institute and DMA titled “2021 …
Restaurant chains are getting a sales bump from the latest round of stimulus money, but if patterns mimic the first round, the lift could be short-lived. STIMULUS IMPACT While the amounts given in the roughly …
With the coronavirus pandemic raging throughout much of the U.S., countless restaurant owners have faced indefinite closures. When dealt with that situation himself, Marc Epstein took matters into his own hands. Epstein, owner of The …
Since the beginning of the pandemic, indoor dining has been a point of contention for restaurants. After being banned for some time — leaving restaurants to rely on outdoor seating – indoor dining was brought …
After months of uncertainty, 2021 looks more promising than one might assume for the food industry. For starters, Congress’s recent COVID-19 relief bill should provide a measure of assistance to restaurants and beer manufacturers alike. …
There is no doubt that restaurants have been beaten down during the COVID-19 pandemic. More than 110,000 restaurants have closed permanently or for a long period of time throughout the U.S., while others face uncertainty as many …
Food companies are showing their appreciation for employees in several ways as 2020 comes to a close. Chipotle has paid out over $40 million in bonuses and assistance pay to employees during COVID-19, reported QSR …
With limited quantities of the COVID-19 vaccine available, many groups a seeking priority for their employees—including the food industry. Administration of the vaccine began on Dec. 14 in the U.S. with early doses being set …
The coronavirus pandemic has caused 8,400 retailers and 110,000 restaurants to close across the U.S. this year, according to industry statistics, reported The Economic Times (Dec. 14). And even more closures could be on the …
More than 110,000 restaurants have closed permanently or for a long period of time throughout the U.S. as the industry is contending with the coronavirus pandemic, says the National Restaurant Association. The total, which represents …
As COVID-19 continues to dampen sales at restaurants, some are trying a new strategy by opening in retail stores, which have profited from the pandemic. Hy-Vee Inc. is preparing to open its 20th Wahlburgers at …
Weak gift card sales could be an obstacle to full recovery for restaurant chains, reported The Wall Street Journal (Dec. 1). As COVID-19 cases rise, more restrictions are being placed on restaurants and less people …
The year 2020 has been like no other in recent memory. The pandemic has left Americans with many new government-enacted laws which were instituted in order to keep people as safe as possible and they …
Across the nation, mayors of cities and governors of states are restricting hours for businesses in an effort to tamp down on a rising trend of COVID-19 infections. The legislation was not unwarranted. With the …
DoorDashfiled for its IPO on Nov. 13, reported The Wall Street Journal (Nov. 13). The filing revealed the company’s rapid growth during the pandemic, as revenue for the September quarter more than tripled from the …
Aphria, a Canadian cannabis company, plans to acquire Atlanta’s Sweetwater Brewing Co., which is known for its “420” beer. The $300 million deal is the latest hook-up between the alcoholic beverage and pot industries, and …
Wendy’s posted its highest same-store sales growth performance in more than 15 years in its third quarter, reported Nation’s Restaurant News (Nov. 4). The chain was buoyed by breakfast sales, a daypart that’s been a …
DoorDash is investing in a restaurant for the first time, reported The Verge (Oct. 24). It will work alongside CA-based Burma Superstar for a brick-and-mortar store called Burma Bites. It will be designed for delivery and …
