Restaurants

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Europe’s Hospitality Tech Companies See Strong Funding Week
Europe’s Hospitality Tech Companies See Strong Funding Week
December 15, 2022  |  Investments

A string of funding rounds has highlighted a boom for European hospitality tech companies. As restaurants and hotels increasingly digitize their operations, investors are backing...

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Nov. Retail Sales Slump 0.6% on Weak Demand for Cars, Electronics, Furniture
Nov. Retail Sales Slump 0.6% on Weak Demand for Cars, Electronics, Furniture
December 15, 2022  |  Retail

Weak demand for big-ticket discretionary items led to the biggest retail sales decline in a year. According to the latest data from the Department of...

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Technology in Restaurants Invoicing Unlocks Key Margin-Boosting Data
Technology in Restaurants Invoicing Unlocks Key Margin-Boosting Data
December 13, 2022  |  ResTech

Amid ongoing economic challenges, technology in restaurants’ line-item invoice data can help improve buying decisions. This, according to restaurant management software company MarginEdge, which automates...

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Restaurants Tap New Rewards Programs to Drive Deeper Consumer Loyalty
Restaurants Tap New Rewards Programs to Drive Deeper Consumer Loyalty
December 13, 2022  |  Loyalty & Rewards

As restaurants compete for consumers’ loyalty, many are looking beyond the typical earn-and-burn rewards programs. For instance, Starbucks, the largest restaurant company in the world,...

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Wall Street Wobbles on Cheesecake Factory as Inflation Hits Restaurant Spending
Wall Street Wobbles on Cheesecake Factory as Inflation Hits Restaurant Spending
December 13, 2022  |  Economy

As inflation cuts into restaurant spending, Goldman Sachs has cut its opinion of Cheesecake Factory’s stock. This, as the powerful investment bank downgraded the restaurant...

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Domino’s Revives Carryout ‘Tips’ to Save Itself and Customers Money
Domino’s Revives Carryout ‘Tips’ to Save Itself and Customers Money
December 12, 2022  |  Restaurant innovation

Domino’s is “tipping” self-pickup customers again to meet the cost-saving needs of business and consumer. The quick-service restaurant (QSR) chain, which has nearly 20,000 locations around...

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Half of All Diners Choose Restaurants Based on Recommendations
Half of All Diners Choose Restaurants Based on Recommendations
December 12, 2022  |  Consumer Insights

When consumers are trying out new restaurants, friends and acquaintances’ first-hand reports are key. For the latest edition of PYMNTS’ Restaurant Digital Divide study, “The...

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Fatburger Opens Triple-Chain Location to Reap Co-Branding Sales Boost
Fatburger Opens Triple-Chain Location to Reap Co-Branding Sales Boost
December 12, 2022  |  Restaurant innovation

Restaurant group FAT Brands’ new tri-branded locations have been driving sales and boosting margins. In an interview with PYMNTS discussing the company’s first tri-branded location, featuring fast-casual...

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Delivery Firms Push NYC to Lift Fee Cap
Delivery Firms Push NYC to Lift Fee Cap
December 12, 2022  |  Delivery

DoorDash and Grubhub are reportedly lobbying New York City to change its delivery fee cap. The Wall Street Journal reported Monday (Dec. 12) that the...

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