Corporate Operations: Page 43
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California Pizza Kitchen files for bankruptcy
The company, which expects to emerge from Chapter 11 proceedings in less than three months, filed for bankruptcy as part of its agreement with lenders that will help it equitize a vast majority of its debt.
By Julie Littman • July 30, 2020 -
Dunkin' may shutter 800 US stores by year's end
More than 50% of these closures are in Speedway c-stores that were previously announced in February, but the chain says all places on the chopping block are in "low-volume sales locations."
By Emma Liem Beckett • July 30, 2020 -
Explore the Trendline➔
sam edwards via Getty ImagesTrendlineMenu development
Restaurants big and small are experimenting with their menus to align with the preferences of on-the-go diners and mitigate the impact of rising food costs, supply chain disruption and shrinking consumer discretionary funds.
By Restaurant Dive staff -
McDonald's boosts marketing budget by $200M to drive recovery
The increase comes after the company slashed marketing spend by 70% in Q2, giving it a "sizable marketing war chest" for the remainder of the year.
By Robert Williams • July 30, 2020 -
McDonald's to exit more than 100 Walmart stores
The fast food giant plans to close 200 under-performing outlets, more than half of which are located inside Walmart locations.
By Jessica Dumont • July 29, 2020 -
Wingstop reports best quarter since IPO in 2015
The company's digital strategy, which included free delivery promotions and opening ghost kitchens, helped the chain boost its digital transactions to nearly 64% of sales during Q2.
By Julie Littman • July 29, 2020 -
Breakfast continues to drag McDonald's sales
Much like other QSRs, a lack of commuters significantly impacted McDonald's morning daypart, but the chain plans to invest in the growing segment coming out of the pandemic.
By Julie Littman • July 29, 2020 -
Retrieved from Starbucks on June 03, 2020
Starbucks US same-store sales plummet 40% as diner routines change
Executives noted the volatility of the pandemic could continue to undermine sales, and the company predicts U.S. same-store sales declines of 12% to 17% for the year.
By Emma Liem Beckett • July 29, 2020 -
Popeyes urges fans to prank family members with autocorrect campaign
In a ploy to turn pizza lovers into fried chicken fans, the QSR is asking people to edit "pizza" into "Popeyes instead of pizza" using the autocorrect feature on smartphones.
By Robert Williams • July 28, 2020 -
DoorDash partners with fintech BlueVine to process PPP applications for merchants
Nearly 200 restaurant owners have collectively received more than $6 million in PPP loans through the collaboration since late April. Most recipients are independent restaurants.
By Emma Liem Beckett • July 28, 2020 -
Papa John's is hiring 10K more employees
This will bring the pizza chain's recent hiring blitz to 30,000 total new positions, a move that follows robust same-store sales growth in June.
By Emma Liem Beckett • July 27, 2020 -
Dunkin' creates new chief digital officer role as it doubles down on tech, mobile offerings
The position oversees digital marketing and media, consumer insights and IT transformation — areas seeing growing demand under the pandemic.
By Peter Adams • July 24, 2020 -
Chipotle surpasses $1B in digital sales despite same-store sale declines
Digital sales skyrocketed 216% to $829.3 million during Q2, revealing a bright spot for the company despite its first drop in same-store sales in several years.
By Julie Littman • July 23, 2020 -
Strong franchisee relationships key to restaurant chain survival
From hosting daily calls to providing need-to-know information, restaurants are working closely with operators to adapt to market changes as the pandemic progresses.
By Julie Littman • July 22, 2020 -
Pret A Manger accused of daily use of racial slur by manager, co-workers
After complaining, the Black employee said she was given reduced hours and passed over for promotions.
By Lisa Burden • July 22, 2020 -
Danny Meyer's restaurant group eliminates no-tipping policy
Union Square Hospitality Group is moving away from its controversial "Hospitality Included" model amid the pandemic so employees have the chance to access extra compensation from diner tips.
By Alicia Kelso • July 21, 2020 -
Potbelly hires CEO following months of sales declines
Robert Wright, a former Wendy's executive, joins the brand after it endured a 68% drop in same-store sales in March, which improved to a 20% decrease in May.
By Julie Littman • July 21, 2020 -
Fiesta Restaurant Group bets on expanded off-premise as part of recovery
With Q2 same-store sales down 31.6% and 19.2% for Pollo Tropical and Taco Cabana, respectively, the brands are focusing on growing delivery, curbside and pickup options.
By Alicia Kelso • July 17, 2020 -
Dunkin' commits to P&G cleaning products to lure customers back inside
Co-branded stickers will appear on front doors, drive-thrus and in restrooms of participating locations to indicate frequent cleaning with brands like Comet.
By Dianna Christie • July 17, 2020 -
Kura Sushi reports $9.2M net loss in Q3
The sushi chain was hit hard by the COVID-19 crisis, bypassing analysts' predictions of $6.5 million lost.
By Alicia Kelso • July 16, 2020 -
Deep Dive
9 campaigns that show how mobile marketers pivoted in the pandemic during H1
The year's best campaigns so far, including marketing by Chipotle and KFC, came in the wake of the pandemic's changes to the landscape as marketers rushed to meet consumers in digital channels.
By Chris Kelly , Chantal Tode , Peter Adams • July 16, 2020 -
Pandemic helped grow Domino's US same-store sales 16.1%
The pizza chain had its best quarter in the last nine-plus years, driven by an increase in food delivery and digital orders, which made up almost 75% of domestic sales.
By Julie Littman • July 16, 2020 -
Chipotle to hire 10K more employees to support digital growth
The hiring blitz follows approximately 8,000 new hires at the chain since May, an uptick that coincides with an over 80% increase in online sales during Q1.
By Alicia Kelso • July 15, 2020 -
Retrieved from Burger King on July 14, 2020
Burger King explains dangers of cow farts in video starring viral yodeling kid
An educational spot promotes new low-methane emission beef burgers from the chain that's steadily introduced more meatless options.
By Peter Adams • July 14, 2020 -
Q&A
BurgerFi's president talks going public, 'massive expansion' amid pandemic
Restaurant closures are creating opportunities for the fast casual chain to grow nationwide, says Charles Guzzetta.
By Julie Littman • July 14, 2020 -
New McDonald's flagship runs 100% on renewable energy
The new restaurant, located near Disney's All-Star Resorts in Orlando, Florida, is part of the brand's push to reduce greenhouse gas emissions by 36% by 2030.
By Alicia Kelso • July 13, 2020