Check out the slideshow here. Source restaurantbusinessonline.com
Posts Tagged: Industry Spotlight
RESTAURANTS TAKE EMPLOYEE BENEFITS TO NEW EXTREMES
Desperate to draw and retain workers, operators are providing perks that were once unimaginable, like giving weekends off or providing access to babysitters. Check out this interactive guide here. Source restaurantbusinessonline.com
Sticky’s Finger Joint declares bankruptcy
The New York chicken tender chain struggled coming out of the pandemic with inflation and several legal challenges. It is the latest in a string of industry bankruptcy filings. Sticky’s Finger Joint’s rapid growth ran into a brick wall called the pandemic. The New York-based chicken tenders chain, which at one point operated 16 locations… read more
Midwestern favorite Oberweis Dairy declares bankruptcy and cuts staff
The ice cream chain intends to lay off staff in June and cut its costs in other ways, but to remain in operation following a Chapter 11 bankruptcy filing. It is struggling to find a buyer. The parent of the 40-unit Oberweis Dairy ice cream chain has filed for Chapter 11 bankruptcy protection after failing… read more
How the Restaurant Leadership Conference came to be
Restaurant Rewind: The conference has grown from a few hundred attendees to several thousands, without losing the uniqueness of those early days. Here’s what’s in its DNA. If you’ve been in the chain restaurant business for an appreciable stretch, chances are you’ve either attended or heard about the Restaurant Leadership Conference. It’s the top-to-top event… read more
Restaurant and Foodservice: What does our industry workforce look like?
The restaurant and foodservice industry is the nation’s second largest private employer, providing 15.5M jobs – or 10% of the total U.S. workforce. This includes 12.4M jobs at eating and drinking places, plus an estimated 3.1M foodservice jobs in other sectors such as healthcare, accommodations, education, food-and-beverage stores, and arts, entertainment, and recreation. Based on… read more
Papa Johns signs agreement with Bajco Group to open 50 US restaurants
The new agreement will see expansion of the brand in the Midwest, Arizona, Pennsylvania and Florida. Papa John’s International has unveiled plans to open 50 more US restaurants by 2028 through a new agreement with franchisee Nadeem Bajwa and his company, the Bajco Group. The move is part of a broader strategy to increase the… read more
Chipotle, Starbucks and more raise prices by as much as 7-8% in California
Restaurant chains and California franchisees are making the tough decision to increase prices and cut hours in light of the state’s new $20 minimum wage In light of California’s new $20 minimum wage bill for fast-food workers, which went into effect on April 1, restaurant chains and franchisees are already taking action, in some cases… read more
Walmart to Pay Millions in Settlement Over Grocery Prices
A class action lawsuit alleged that shoppers paid more than the lowest advertised price for some items. NEW YORK (AP) — If you purchased some weighted groceries or bagged fruit at Walmart in recent years, you may be eligible for a cash payment from a class action settlement with the retailer. The class action lawsuit,… read more
Job growth zoomed in March as payrolls jumped by 303,000 and unemployment dropped to 3.8%
Job creation in March easily topped expectations in a sign of continued acceleration for what has been a bustling and resilient labor market. Nonfarm payrolls increased 303,000 for the month, well above the Dow Jones estimate for a rise of 200,000 and higher than the downwardly revised 270,000 gain in February, the Labor Department’s Bureau… read more
