Quick service restaurant transactions are down 43% in the week ending April 12 compared to year ago, according to NPD Group. Midscale/family dining restaurant transactions have declined 81%. More than…
U.S. alcohol sales rallied 22% in the last week of March, compared to the same period last year. That contrasts with fast food restaurants’ same-store sales declining 34% and a devastating…
Social distancing plus lockdowns across the country have caused most restaurant owners to close shop. In the state of Washington, officials were encouraging restaurants and bars to close as early…
New York customers are suing DoorDash, GrubHub, UberEats and Postmates for “exorbitant fees” that range from 13% to 40% of food orders, and for anti-competitive practices that discourage restaurant owners…
Last month, the government announced an aid package to speed relief across the economy, the CARES Act. CARES Act is aimed at providing financial assistance to individuals small businesses including…
Even fine dining restaurants are struggling with the coronavirus pandemic. No longer able to charge a premium for ambiance or service, even upscale restauranteurs are offering takeout and joining delivery…
As coronavirus cases spread around the world, restaurant owners and employees are certainly going through the toughest of times. Even beyond the precipitous drop in sales, restaurant owners are additionally…
Today marks the end of the first full week since many restaurants completed their applications to the Paycheck Protection Program (PPP) by the U.S. Small Business Administration (SBA). Starting…
Although restaurants appreciate the assistance of the federal government in the form of loans and grants from the CARES Act, it has not been enough. Employees without work are scrambling…
Has your restaurant or small business applied for the government’s new “forgivable loan” (a loan that may convert to cash that you do not have to repay)? It’s called the…
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