Visa has teamed with Uber Eats to help restaurants offer sustainable packaging. The partnership will give qualifying Uber Eats restaurants in New York, Los Angeles, Paris, London, and Madrid access to a $1 million fund for green packaging, the companies said in a Monday (Jan....
This week in restaurant news, Shake Shack and Wendy’s tap drive-thru while Red Robin reevaluates priorities. As restaurants look to offset margin pressure from food and wage inflation, Shake Shack is turning to the drive-thru channel to boost efficiency. In a presentation to investors Tuesday...
Subway may be the latest high-profile restaurant to undergo a major change amid industry-wide challenges. The quick-service restaurant (QSR) is exploring a sale, valuing the company at more than $10 billion, The Wall Street Journal (WSJ) reported Wednesday (Jan. 11), citing unnamed sources. “As a...
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...
Inflation is putting QSRs in a bind with menu pricing, with all options posing serious challenges. While some major brands are scaling back their value menus, their margins unable to accommodate these deals amid rising costs, Del Taco is going the other way, taking advantage...
Marc Lore’s would-be disruptive restaurant tech startup is changing course amid a difficult market. The Jet.com co-founder’s food company Wonder, which was initially intended to be something of a blend of food delivery, food trucks and ghost kitchens, bringing mobile kitchen vans to consumers’ homes...
Noma shows that even the most successful restaurants’ courses have been forever altered by COVID-19. The three-Michelin-star establishment in Copenhagen, Denmark, which has many times been rated the world’s best restaurant and which consistently ranks among reviewers’ top picks, announced Monday (Jan. 10) that it...
McDonald’s will reportedly cut or reorganize its workforce as the fast-food giant looks to expand. That expansion, CEO Chris Kempczinski told the Wall Street Journal Friday (Jan. 6), could involve adding more restaurants and new types of restaurants as quick-service restaurants (QSRs) rethink their traditional...
As restaurants look to distinguish useful innovation from flashy technology, Chipotle is testing extended reality (XR). Stephanie Perdue, vice president of brand marketing at the fast-casual chain, explained in an interview with PYMNTS that the company’s latest augmented reality (AR) promotion, a branded Snapchat lens...