June 20, 2023
Smaller Fast-Casual Chains Take Page From Panera’s Book With Subscriptions
With fast-casual giant Panera Bread continuing to see increased loyalty from its beverage subscription program, smaller fast-casual brands are looking to emulate that success with item giveaway subscriptions of their...
June 20, 2023
Domino’s Takes Tip From 7-Eleven With Pinned-Location Delivery
As Domino’s looks for ways to retain delivery customers’ loyalty in the face of increasing competition from aggregators’ pizza offerings, the chain is making it possible to get food brought to more...
June 20, 2023
Grab Prepares for Layoffs Amid Slowing Growth
Singapore’s Grab is readying its largest round of job cuts in three years. The ride-hailing and food delivery platform announced Tuesday (June 20) that it was letting go of 1,000...
June 18, 2023
Health Spending to Represent 20% of US Economy by 2031
Health spending will represent about 20% of the United States economy by 2031. The sector represented 18.3% of the country’s gross domestic product (GDP) in 2021 and will grow its...
June 16, 2023
Rising Food Prices Have Restaurants Seeking Other Revenue Streams
This week in restaurant news, Chuck E. Cheese looks to boost its margins by opening a new revenue stream, the inflation gap between foodservice and grocery grows wider and Uber...
June 15, 2023
62% of Consumers Discover Restaurants on Google
As restaurants look to attract consumers on crowded digital platforms, the most important digital profile, PYMNTS research reveals, is not Yelp, nor is it any of their social media pages....
June 15, 2023
Cava Sees IPO Success While Other Fast-Casuals Take Stock Market...
With the competitive environment for fast-casual chains looking for investors growing more crowded, other brands appear to be suffering from Cava’s success. The fast-casual Mediterranean chain announced its initial public...
June 15, 2023
TikTok Looks to Southeast Asia to Drive eCommerce Growth
TikTok will invest billions in Southeast Asia as it undergoes scrutiny elsewhere in the world. The announcement from the company’s chief executive Thursday (June 15) appeared to confirm reports from...
June 15, 2023
Cava’s $318 Million IPO Haul Shows Industry’s Turn Toward Fast-Casual
Cava’s blockbuster initial public offering (IPO) comes as restaurant customers look to strike a balance between convenience and quality — the sweet spot for the fast-casual segment. The Mediterranean fast-casual...
