Restaurants

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As Toast Trims Staff and Growth Slows, Subscription Revenues Gain 49%
As Toast Trims Staff and Growth Slows, Subscription Revenues Gain 49%
February 15, 2024  |  Earnings

Toast’s latest quarterly earnings were marked by the announcement of a 10% headcount reduction, even as subscription revenues increased but growth across some metrics slowed....

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Is January’s Retail Sales Slump a Blip or Harbinger of Things to Come?
Is January’s Retail Sales Slump a Blip or Harbinger of Things to Come?
February 15, 2024  |  Economy

The questions swirling amid the January sales slump boils down to these: Is it the pause that refreshes — as consumers essentially take a breath,...

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Report: Inspire Brands May Launch IPO This Year or Next
Report: Inspire Brands May Launch IPO This Year or Next
February 14, 2024  |  IPO

Fast-food chain owner Inspire Brands may be nearing an initial public offering (IPO). Private equity firm Roark Capital has talked with potential advisers about a listing of Inspire Brands...

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Taco Bell Sees Record Digital Sales as Parent Yum Brands Invests in Tech
Taco Bell Sees Record Digital Sales as Parent Yum Brands Invests in Tech
February 07, 2024  |  Earnings

Taco Bell parent Yum Brands is continuing its investment in digital technology. During a quarterly earnings call Wednesday (Feb. 7), CEO David Gibbs noted that...

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Payroc Enhances Offerings in Canada With SterlingCard Payment Solutions Acquisition
Payroc Enhances Offerings in Canada With SterlingCard Payment Solutions Acquisition
February 06, 2024  |  Acquisitions

Global payments firm Payroc WorldAccess has acquired Canadian firm SterlingCard Payment Solutions. This acquisition enhances Payroc’s offerings in the Canadian market by adding Sterling’s card-present...

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The Automat Is Back, Thanks to the Rise of Self-Service (Again) 
The Automat Is Back, Thanks to the Rise of Self-Service (Again) 
February 03, 2024  |  Automated Retail

Self-service technology is bringing us full-circle — the automat seems to be making a comeback around the world.  The automat, which readers may know only...

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Older Consumers Seek Credit Card Rewards on Food Purchases but Not Much Else
Older Consumers Seek Credit Card Rewards on Food Purchases but Not Much Else
January 31, 2024  |  Loyalty & Rewards

When it comes to rewards preferences, older generations tend to want to receive perks for their grocery and restaurant spending, but they don’t necessarily want...

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Brinker Turns Focus From Digital to Physical to Boost Profits
Brinker Turns Focus From Digital to Physical to Boost Profits
January 31, 2024  |  Earnings

As casual dining brands look to balance the needs of meeting omnichannel demand and protecting their margins, Chili’s owner Brinker International is turning its focus...

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Starbucks Uses AI-Powered Personalized Rewards to Boost Frequency and Spend
Starbucks Uses AI-Powered Personalized Rewards to Boost Frequency and Spend
January 30, 2024  |  Loyalty & Rewards

Starbucks is seeing its artificial intelligence data efforts boost its rewards program effectiveness, incentivizing consumers to spend more and visit more often. On a conference...

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