inflation

Inflation Puts Pressure on Ghost Kitchen Model
Inflation Puts Pressure on Ghost Kitchen Model
January 23, 2023  |  Restaurant innovation

After years of explosive growth, ghost kitchens face a reckoning as consumers seek cheaper alternatives. Throughout the pandemic, the delivery-only virtual brand model proliferated, and...

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Food Price Spikes Could Be Criminalized as FTC Called to Investigate Eggs
Food Price Spikes Could Be Criminalized as FTC Called to Investigate Eggs
January 22, 2023  |  Economy

A farmers’ group wants the federal government to investigate a recent spike in egg prices. In a letter last week to Federal Trade Commission Chair...

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January’s FinTech SPAC Freeze Reflects Widespread Chill on Wall Street
January’s FinTech SPAC Freeze Reflects Widespread Chill on Wall Street
January 20, 2023  |  SPAC

The special purpose acquisition company (SPAC) may not be dead, but its pulse is pretty faint. January has thrown a deep chill for public listings...

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Grocery Shoppers Buy Fewer Items but Maintain Quality Amid Inflation
Grocery Shoppers Buy Fewer Items but Maintain Quality Amid Inflation
January 20, 2023  |  Retail

Price-sensitive grocery shoppers are likelier to reduce the number of items purchased than sacrifice quality. The Data in Action United Kingdom online grocer Ocado Retail,...

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Amazon, Walmart Face Retail Industry Slump and Stalled Grocery
Amazon, Walmart Face Retail Industry Slump and Stalled Grocery
January 20, 2023  |  Retail

A week of soft holiday season sales data combined with fresh cautious commentary from competitors could spark a strategic shift among the top-two retailers this...

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Grocers Fail to See Expected Surge as Shoppers Cut Back
Grocers Fail to See Expected Surge as Shoppers Cut Back
January 18, 2023  |  Retail

December sales data reveals that grocers did not get the predicted boost this holiday season. The U.S. Census Bureau’s advanced monthly sales report, released Wednesday...

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Consumers’ Inflation Perception and Government Data Are Miles Apart
Consumers’ Inflation Perception and Government Data Are Miles Apart
January 18, 2023  |  Economy

When it comes to inflation, consumers may be a more accurate barometer than government statistics. In a series of studies, PYMNTS has consistently found disagreement...

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Starbucks’ DoorDash Expansion Showcases Necessity of Omnichannel Availability for QSRs 
Starbucks’ DoorDash Expansion Showcases Necessity of Omnichannel Availability for QSRs 
January 17, 2023  |  Mobile Commerce

Starbucks’ DoorDash partnership, which came after years of the coffeehouse chain holding out, is expanding. The quick-service restaurant (QSR) giant first announced its deal with the aggregator in...

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Upscale Restaurants Close Up Shop While Downscale Brands Keep Going
Upscale Restaurants Close Up Shop While Downscale Brands Keep Going
January 16, 2023  |  Economy

As inflation forces restaurants to take drastic measures, high-end establishments are shuttering dining rooms. By the Numbers The December edition of PYMNTS’ Restaurant Digital Divide...

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