August 25, 2023
Restaurants Target Consumers’ Game Day Spend to Drive off-Premise Sales
This week in restaurants, Bojangles and Jersey Mike’s both leverage football season to boost off-premise sales, Walmart expands its in-supermarket restaurant selection, and fast-casual goes fancy. With the return of college football season, restaurant brands are...
August 24, 2023
Gen Z Scrimps on Food Quality Amid Restaurant Inflation
Across generations, consumers are loath to trade down to restaurants with lower-quality food, even as prices rise, but PYMNTS research finds that Gen Z is the most willing to compromise...
August 24, 2023
Petco Looks to Cost Savings to Strengthen Pet Care Business...
Pet health and wellness company Petco announced second-quarter 2023 earnings results on Thursday (Aug. 24), showcasing strong top line results and free cash flow despite navigating a shift in consumer spending and pressures on...
August 24, 2023
Subway Finds Buyer as Consumers Seek Budget-Friendly Restaurants
With inflation prompting many consumers to choose low-priced restaurants over more expensive alternatives, Subway has secured a buyer. The QSR giant, which has nearly 37,000 restaurants around the world, announced Thursday (Aug....
August 24, 2023
Automation Expands Across Every Part of the Grocery Supply Chain
This week in grocery, ShopRite increases the scope of its inventory robotics test, United Natural Foods Inc. (UNFI) gears up for a new automation-powered distribution center, and autonomous delivery expands. Wakefern Food...
August 24, 2023
Merchants Buck Discretionary Spending Pressures by Making Subscriptions ‘Essential’
Subscription firms face pressures they wouldn’t have expected just a few months ago. Brian Bogosian, CEO of sticky.io, told Karen Webster in an interview that the success of recurring subscriptions —...
August 23, 2023
Singapore’s Grab Looks to ‘Affordability Initiatives’ to Cement Super App...
Southeast Asian super app provider Grab remains optimistic on longer-term growth prospects, company executives said on a Wednesday (Aug. 23) second-quarter 2023 earnings call, highlighting how “affordability initiatives” and strengthening engagement...
August 23, 2023
Giant Food Closes Three eCommerce Facilities as Grocers Rethink Fulfillment
As merchants look for ways to improve the margins of online grocery, Giant Food is backpedaling, reportedly closing three delivery fulfillment centers to find a better model. Grocery store chain Giant...
August 22, 2023
Shipt Names CTO as Target Looks to Grow Aggregator Presence
Shipt is expanding its c-suite as its parent company, Target, aims to grow its share of same-day delivery sales. The grocery and retail delivery company announced Tuesday (Aug. 22) that...
