food and beverage

Restaurants Push Rewards as Digital Growth Stalls
Restaurants Push Rewards as Digital Growth Stalls
May 26, 2023  |  ResTech

After a surge in digital engagement with restaurants in the early stages of the pandemic, consumers around the world, it seems, have been pulling back,...

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Baby Boomers and Seniors Turn to Ready-to-Eat Meals for Cost Savings
Baby Boomers and Seniors Turn to Ready-to-Eat Meals for Cost Savings
May 25, 2023  |  Consumer Insights

Grocers and other food retailers can win the spending of older consumers by offering low-cost ready-to-eat meal options. By the Numbers According to data from...

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Fast-Casual Brands Prepare IPOs as Sector Bounces Back
Fast-Casual Brands Prepare IPOs as Sector Bounces Back
May 24, 2023  |  IPO

With fast-casual chains’ stocks outperforming the restaurant industry, more brands, including Panera and Cava, are looking to capitalize on the industry’s recovery. Panera Brands, a group encompassing fast-casual...

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Panera Brands Announces Leadership Changes Ahead of ‘Eventual IPO’
Panera Brands Announces Leadership Changes Ahead of ‘Eventual IPO’
May 23, 2023  |  Personnel

Panera Brands is making some leadership changes to prepare for its “eventual IPO.” The head of one of its brands, Einstein Bros. Bagels President and CEO José Alberto Dueñas,...

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QSR Subscriptions Take a Bite out of Meal Kit Market Share
QSR Subscriptions Take a Bite out of Meal Kit Market Share
May 22, 2023  |  Subscriptions

Quick-service restaurants (QSRs) are finding new ways to take the need to make meals off consumers’ plates as they develop subscription models in direct challenge...

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Nearly Three-Quarters of Cardholders Negatively View Retailers and Restaurants That Add a Credit Card Surcharge
Nearly Three-Quarters of Cardholders Negatively View Retailers and Restaurants That Add a Credit Card Surcharge
May 19, 2023  |  Consumer Insights

Consumers have long ignored or simply lived with merchant surcharges, but that’s changing as bills and statements undergo intense scrutiny in the current economic crisis,...

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Walmart: Grocery Sales Grow Double Digits as Consumers Embrace Private-Label Brands
Walmart: Grocery Sales Grow Double Digits as Consumers Embrace Private-Label Brands
May 18, 2023  |  Earnings

For Walmart, fiscal first-quarter earnings got a lift as consumers flocked to the commerce giant to stock the fridge — and pivoted to less-expensive, private-label goods. The retailer said in...

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Grocery Spend in Focus as Walmart Earnings Loom
Grocery Spend in Focus as Walmart Earnings Loom
May 17, 2023  |  Retail

No matter the economic climate, no matter where interest rates stand — everyone’s got to eat. For the online retailing and eCommerce behemoths, earnings season...

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Consumer Sentiment Sours as Inflation Looks Set for the Long Haul
Consumer Sentiment Sours as Inflation Looks Set for the Long Haul
May 12, 2023  |  Economy

The University of Michigan’s consumer sentiment survey has notched its lowest level since the end of last year. The latest reading came in at 57.7, which was 9%...

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