Restaurants

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QSRs Leverage Coffee to Perk up Traffic
QSRs Leverage Coffee to Perk up Traffic
February 03, 2023  |  Restaurant Roundup

This week in restaurants, QSRs bet on coffee, Subway breaks records and tech providers consolidate. Quick-service restaurants (QSRs) are noting the growth potential in coffee,...

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Starbucks Rewards Members Grow 15% in Q4 but Controversial Changes Loom
Starbucks Rewards Members Grow 15% in Q4 but Controversial Changes Loom
February 02, 2023  |  Loyalty & Rewards

Starbucks continues to grow its loyalty base, but upcoming unwelcome alterations could change that. The coffeehouse chain, the world’s largest restaurant company by revenue, shared...

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Millennials Tip at QSRs While Seniors Save Them for Full-Service
Millennials Tip at QSRs While Seniors Save Them for Full-Service
February 01, 2023  |  Consumer Insights

With generational divides in tipping practices, fast-food workers are left hoping for millennial customers. For PYMNTS’ recent study “Connected Dining: Inflationary Pressure Squeezes Restaurant Tips,”...

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Chili’s Pulls Back Coupons and Raises Prices Despite Consumer Trade-Down
Chili’s Pulls Back Coupons and Raises Prices Despite Consumer Trade-Down
February 01, 2023  |  Restaurant innovation

Chili’s is raising prices, counting on loyal customers to step up as price-sensitive diners withdraw. The casual dining giant’s parent company Brinker International shared Wednesday...

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Restaurants Partner With Kroger and Other Grocers to Boost off-Premise Sales
Restaurants Partner With Kroger and Other Grocers to Boost off-Premise Sales
January 27, 2023  |  Restaurant Roundup

This week in restaurants, eateries expand to grocery stores, add ghost kitchens and face regulations. Throughout the last couple of years, restaurants have been seizing...

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Restaurants’ Legacy Payment Processes Cost Revenue, Time and Clients
Restaurants’ Legacy Payment Processes Cost Revenue, Time and Clients
January 27, 2023  |  Restaurant innovation

With restaurants struggling to maintain profits, legacy B2B payment practices may drain revenue they can’t afford to lose. Although many restaurants have adopted consumer-facing innovations...

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Nearly 60% of Restaurants’ Best Customers Cutting Back on Tips
Nearly 60% of Restaurants’ Best Customers Cutting Back on Tips
January 27, 2023  |  Restaurant innovation

Few things are more enjoyable than a pleasant meal at a favorite restaurant, but consumers have had to contend with bigger checks of late, which...

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McWin Restaurant Fund Takes Majority Stake in L’Osteria
McWin Restaurant Fund Takes Majority Stake in L’Osteria
January 24, 2023  |  emea

Czech investment firm McWin is set to acquire a majority stake in restaurant business L’Osteria. In a statement on Tuesday (Jan. 24), McWin said it...

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Restaurants Refuse to Scrimp on Taste Even as Inflation Forces Cutbacks
Restaurants Refuse to Scrimp on Taste Even as Inflation Forces Cutbacks
January 23, 2023  |  Restaurant innovation

As restaurants seek to cut costs, PYMNTS data shows most prioritize maintaining food quality. A Word from Insiders Even the brands touting low menu prices...

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