As inflation sends prices skyrocketing for businesses and consumers alike, restaurants are left in a challenging position. On one hand, holding prices steady requires them to absorb these rising costs, when many brands already have very narrow margins to begin with. On the other hand,...
As restaurants seek out more labor-efficient ways to fulfill demand, many are turning to the drive-thru channel. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...
As restaurants continue to deal with soaring food costs, inflation is having an impact on menus. Consider June, when short supply of chicken wings and rising costs prompted Wingstop to launch a virtual brand called Thighstop, swapping wings for thighs. Get the Full Story Complete...
Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...
Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...
Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...
Restaurant and brick-and-mortar retail loyalty and guest engagement platform Thanx on Tuesday (April 5) acquired restaurant-focused marketing and data insights platform ZeroStorefront, according to a joint press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
For all the labor, supply chain and inflation challenges that restaurants face today, a sense of optimism remains. Research from PYMNTS’ March study, Main Street Economic Health Survey: Navigating Economic Uncertainty, found that 63% of food, entertainment and accommodations businesses predict that they will see...
As major brands leverage their scale to price below inflation, smaller brands are put in a more difficult position, forced to get creative. Brands that are in a growth stage, accustomed to the lower prices of smaller markets, are forced to contend with geographic price...
