Operations: Page 73
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Tracking coronavirus restaurant aid by state
This week, Texas Gov. Greg Abbott announced a $50 million relief fund for small businesses in partnership with San Antonio-based nonprofit LiftFund and the Goldman Sachs 10,000 Small Businesses Program.
By Thai Phi Le, Emma Liem Beckett, Julie Littman • Updated April 15, 2020 -
Shake Shack moves into meal kits as sales sharply decline
The burger chain partnered with Goldbelly, a gourmet food delivery service, to launch a cook-at-home burger kit nationwide. They cost $49 for an eight-pack.
By Alicia Kelso • April 6, 2020 -
Restaurants sales could drop 27.1% in worst-case coronavirus scenario, says Technomic
While demand for restaurant meals is still healthy, and the industry can expect a spike when things return to normal, the largest impact will come if there is a second wave of outbreaks in the fall.
By Julie Littman • April 3, 2020 -
Dine Brands investor wants to spin off IHOP
Dine Brands' board of directors says that forcing the company into creating a separately traded entity would not be in the best interests of its shareholders.
By Julie Littman • April 3, 2020 -
Chipotle will give workers nearly $6.5M in discretionary bonuses
The chain also previously raised hourly pay 10% for restaurant employees working between March 16 and April 12.
By Emma Liem Beckett • April 3, 2020 -
Luckin Coffee fires CEO, COO as part of fraud investigation
Following ongoing investigations looking into employees fabricating transactions of over $300 million, the chain has fired its CEO and COO and suspended six other employees.
By Lauren Manning • Updated May 12, 2020 -
Cheesecake Factory CFO seeks immediate relief; Chipotle CFO says chain can 'last a year'
As the coronavirus pandemic rocks the restaurant industry, chains with established attention to takeout and delivery pull far ahead of traditional sit-down joints.
By Jane Thier • April 2, 2020 -
Restaurant delivery platforms turn to grocery
Uber Eats has teamed up with Carrefour in France for 30-minute grocery delivery, while DoorDash has added convenience stores like 7-Eleven and Wawa.
By Jessica Dumont • April 2, 2020 -
Red Robin ends year-long battle with activist investor
The deal with Vintage Capital includes the appointment of an independent director and allows the investor to acquire up to 20% of the company's stock.
By Julie Littman • April 2, 2020 -
Logan's Roadhouse parent lays off staff, changes exec leadership
After closing its restaurants, CraftWorks has terminated 18,000 employees as it attempts to navigate a previously filed Chapter 11 bankruptcy.
By Lauren Manning • April 2, 2020 -
Keck, Dan. (2020). "Dairy Queen" [Photograh]. Retrieved from Flickr.
Franchisees struggle alongside independents to ‘keep the lights on’ amid COVID-19
Up to 30,000 franchise businesses will lose all liquidity in the next month as paid sick leave and inflexible business interruption insurance clauses put extra pressure on operations.
By Emma Liem Beckett • April 1, 2020 -
Burger King parent will give operators $70M in cash advancements
Restaurant Brands International is also pausing remodel obligations and deferring rent payments at properties it controls to free up cash for franchisees during the novel coronavirus pandemic.
By Alicia Kelso • March 31, 2020 -
Domino's boosts Q2 sales with contactless delivery
Despite a slowdown in U.S. same-store sales growth in Q1, this off-premise push drove a 7.1% increase in U.S. same-store sales during the first four weeks of Q2.
By Julie Littman • Updated April 23, 2020 -
Restaurants, grocery stores can list shopping times on OpenTable
The new tool promises to help retailers manage crowds without requiring customers to wait in line outside stores.
By Krishna Thakker • March 31, 2020 -
Mcphee, Alyson. (2018). [Photograph]. Retrieved from Unsplash.
A Boston restaurateur is using Instagram tutorials to stay afloat
The owner of Juliet + Company restaurant group has developed online video cocktail and cooking tutorials, as well as a publication, to drive revenue and keep his 50 staff members employed.
By Emma Liem Beckett • March 30, 2020 -
Yelp pauses automatic rollout of GoFundMe pages amid restaurant backlash
Restaurant owners took to Twitter to voice their frustration with the practice, which they claim is invasive and could undermine independent fundraising efforts.
By Emma Liem Beckett • March 30, 2020 -
COVID-19 puts BYO coffee cups on hold, but sanitized reusable systems could fill the void
Major brands like Starbucks and Dunkin' have banned the use of personal to-go containers in recent weeks over coronavirus fears, raising new questions in a wider debate around packaging safety.
By Karine Vann • March 27, 2020 -
Coronavirus derailing Wendy's strong Q1 sales growth
Sales grew 15% during the first week of the chain's breakfast launch and same-store sales were up 4% in the first two months of the year, only to slide 20% during the week ending March 22.
By Julie Littman • March 27, 2020 -
Jimmy John's delivers fresh bread to drive social buzz
App customers can post pictures of their homemade bread creations to social media and include the hashtags #FreakyFreshBread and #MadeWithJJBread.
By Robert Williams • March 27, 2020 -
3% of restaurants have already closed permanently, NRA survey finds
Another 11% of the 4,000 operators the National Restaurant Association surveyed predict that they will permanently close within 30 days.
By Emma Liem Beckett • March 27, 2020 -
The Cheesecake Factory furloughed 41,000 employees
In addition to the furloughs and informing its landlords that it won't be able to pay April rent, top executives have elected to reduce base salaries by 20%.
By Alicia Kelso • Updated March 27, 2020 -
Deep Dive
Coronavirus decimates restaurant profits, but financial safety nets exist
Restaurants forced to close are left with few options to keep the lights on, but experts suggest negotiating with third parties to figure out where they can get a break is one place to start.
By Julie Littman • March 26, 2020 -
President signs $2T coronavirus stimulus package, 'a first step' in helping restaurants recover
With an expansion of unemployment benefits and direct payments to individuals and families, some relief is on the way for many restaurant workers.
By Julie Littman • Updated March 27, 2020 -
McDonald's pulls all-day breakfast
The QSR giant is also temporarily paring down its morning menu amid novel coronavirus disruption, a move that would have been unthinkable just a few weeks ago.
By Emma Liem Beckett • March 26, 2020 -
Yum Brands suspends buyback program to free up cash for franchisees
The restaurant group said its franchisees have experienced "significant" store closures and reduced store-level operations due to the coronavirus outbreak. As of March 18, about 7,000 Yum restaurants are closed globally.
By Alicia Kelso • March 25, 2020