Photo by Jonathan Maze The National Restaurant Association expects industry sales to rise 12.4% this year to $898 billion, a nominal record that would be 3.9% higher than 2019 sales levels, according to its annual report on the state of the restaurant industry released on Tuesday. But other data suggests a tougher year than it […]
Restaurant marketing is important today more than ever. What’s more, effective marketing techniques can include digital and older strategies. Consider the fact that American restaurant industry sales reached about $800 billion in 2017. How do Restaurants do Marketing? Good restaurant marketing requires constant effort. Every small business owner needs a marketing plan to succeed. It […]
The right system for your business can be the difference between success and failure. However, it does not come without challenges when choosing the type of technology needed to ensure that your business achieves consistent growth. It is important to manage this effectively at all stages; from start-up and through expansion phases. While there is […]
The Delta variant of COVID-19 has been a cause for concern for the past two months, but it hasn’t shaken people’s confidence much. As the economy continues to reopen, people are stepping out of their homes with confidence. This has seen the catering industry gradually recover, with sales rising. And with the festive season approaching, […]
Restaurant sales were flat in August as COVID increased./Photo: Shutterstock The delta variant slowed the recovery of the restaurant industry. But he didn’t break it. Restaurant sales stagnated in August, according to U.S. census data released Thursday. Food services and drinking places generated just under $ 72 billion in sales in August, up 32% from […]
The Delta variant of the coronavirus has been a cause for concern over the past month, but it’s not affecting restaurant sales much. After a tumultuous year of sales, the industry is finally getting back on its feet. According to the National Restaurant Association (NRA), the Delta variant may slow the recovery of the restaurant […]
Americans are dining out again, and sales at Hormel restaurants reflect this. The restaurant business at the company, which serves the restaurant industry, jumped 45% from last year’s pandemic-induced lull in the summer quarter. The Austin, Minnesota-based food maker on Thursday reported sales growth across all lines of business in its fiscal third quarter ended […]
The restaurant industry continued to regain its financial footing in June, but aftershocks from the pandemic have yet to subside. “The industry is currently extremely strong and is booming. For many operators, they have more business than they can handle, ”said Joseph Pawlak, CEO of Technomic. The Food Institute. “But on the negative side, commodity […]
The restaurant industry appears to be finally getting back on its feet, with sales rebounding to pre-pandemic levels as more people dine out. In addition, people are spending more, with the new round of fiscal stimulus giving them more purchasing power. Although retail sales declined in May, sales in bars and restaurants increased surprisingly. This […]
Photography: Shutterstock Restaurant sales have been rising for nearly three months and show no signs of stopping, at least according to the latest update from Black Box Intelligence. The restaurant information company said same-store sales accelerated last week and have risen for 11 straight weeks. Sales for the week ended May 30 were the index’s […]
The pandemic is over, at least for the nation’s restaurant income line. Food services and drinking places generated $ 64.9 billion in sales in April, according to retail sales data released by the US Census Bureau on Friday. This was up 3% from March and was more than double what it was in April a […]
Photo courtesy of MOD Pizza Restaurant sales jumped 36% year-over-year in March as consumers spent their stimulus checks, allowing the industry to almost fully recoup sales lost during the pandemic despite capacity limits and closures. Food services and drinking places generated $ 61.2 billion in sales in March, up 13.4% from February, according to U.S. […]
Photo courtesy of Fazoli The past year has been better than Carl Howard expected. Fazoli’s, the Italian chain based in Lexington, Ky., Of which he is the CEO, saw sales plummet in March and April at the start of the pandemic. But the company advertised, customers lined up at its drive-thru, and in the summer […]
Photography: Shutterstock Sales at food and beverage establishments in the United States will increase 10.2% in 2021 to a total of $ 548.3 billion as consumers respond to pent-up demand for dining experiences that were denied to them during the pandemic, according to a forecast released by the National Restaurant Association. The increase would follow […]
Sales in American bars and restaurants further eroded in December 2020 as the industry ended the year still grappling with the COVID-19 pandemic. December restaurant sales fell at a double-digit rate year over year, dropping for the third month in a row and ending a year of crisis for the restaurant industry. The National Restaurant […]
Staff at The Vineyard restaurant prepare food and drink for guests in accordance with social distancing guidelines in June. Photo contributed. published on December 31, 2020 – 2:57 PMWritten by Business Journal staff Across the country, among all types of restaurants, a new study shows spending on food and drink only declined by an average […]
Amid a desperate rush among restaurateurs to secure their businesses without losing customers, the perfect solution for profit sustainability has been brought right to our doors through the valiant efforts of Misfit Media Incorporated. We all know how the pandemic has bankrupted a number of restaurants and caused a sharp drop in restaurant owners’ incomes. […]
Photograph by Jonathan Maze It’s official: restaurant sales fell off a cliff last month. According to federal retail sales data released this week, sales in food services and drinking places were down 23% in March and 26.5% from their February level as states began to close dining rooms and operators who have closed their doors. […]
Proactive marketing can be an effective tool for restaurants that can stay in business during the COVID-19 crisis. In order to help restaurants through this uncertain time, our team has created a short e-Book with marketing tips for restaurants. Download the full guide, “Coronavirus Era: 13 Restaurant Marketing Ideas” here. Among the highlights: Pickup incentives […]
Sales growth at U.S. restaurants and bars continued to slow in August and has underperformed the broader retail sector for two straight months, according to analysis by S&P Global Market Intelligence. The number of employees in food services and drinking places grew faster in August than job gains in the economy as a whole, and […]