The labor market is extremely challenging for retailers and restaurants: Quit rates are on the rise, which is making it difficult for companies seeking to improve the customer experience.
Federal judge orders Starbucks to stop union-busting tactics: But the company may not capitulate so easily, even as uneasiness grows among corporate employees.
Consumers have shifted more their spending to dining out: But while restaurant industry sales are expected to rise 6.4% this year, the industry faces several challenges.
Price increases hurt Domino’s Pizza delivery sales volume: However, it also helped the pizza chain improve its profit margins.
McDonald’s introduces plant-based McPlant Nuggets in Germany: The fast-food giant, which developed the product with Beyond Meat, said it may expand availability into other markets based on customer demand.
DoorDash has 50% more DashPass subscribers than it did a year ago: Growing that subscriber base should help it drive customer retention and boost basket sizes.
Chipotle is launching its first spinoff in a while: That’s why 14% of retailers plan to hire additional staff and others are looking to self-checkout or checkout-free technology options. (This story was written with the assistance of GPT-3).
Uber Eats serves up post-checkout app ads: New offering, which debuted during Super Bowl, allows advertisers to reach consumers tracking status of orders.
Yelp looks to services sector for continued growth: The platform may have plateaued as a discovery engine for new restaurant and retail destinations.
Atmosphere secures another $65 million to corner the unskippable ad market: The connected TV enterprise provider powers screens at your favorite bars and gyms.
Consumers are trading down to value-oriented QSR brands: That trend helped Yum Brands and Subway post strong gains in Q4, while higher-priced restaurants like Chipotle disappointed.
Mediterranean QSR chain Cava looks to go public: That would make it the first restaurant company to make its public market debut this year.
Plant-based meat sales fell last year: The challenging environment is driving Impossible Foods to reportedly cut about 20% of its staff.
Limited-time promotions propelled McDonald’s sales in Q4: But the fast-food giant continues to face headwinds that are unlikely to subside this year.
People aren’t eating out as much as they’d like to: There’s a growing disconnect between consumers’ intentions to go to restaurants and their actual behaviors.
McDonald’s innovation strategy leans on its core menu items: The fast-food giant appears to be taking a page from its chief rival, Burger King.
Apple Maps update could mean big things for the search industry: Google’s dominance when it comes to local search sees new competition.
A sale could breathe new life into Subway: It would also be one of, if not the most, prominent acquisitions in recent years.