More small restaurant chains file for bankruptcy

The pandemic and its aftermath continue to victimize local chains, even those with strong reputations and national notoriety. The latest is Melt Bar & Grilled, a grilled cheese concept founded in 2006 that operates four locations in Ohio. The company, which at one point was featured on both the Food Network and the Travel Channel, …

Big restaurant chains are tech laggards no more

Things like mobile ordering and digital loyalty programs are now table stakes for brands at the top of the Top 500. So what will separate the truly high-tech from the rest? The pandemic was a watershed moment for restaurant technology. With dine-in service closed or severely limited, things like online ordering, third-party delivery and contactless …

Rubio’s files for bankruptcy again

Rubio’s Coastal Grill, the long-struggling fast-casual chain that just closed a third of its restaurants, on Wednesday declared bankruptcy for the second time in four years, saying the operating environment has grown too difficult, particularly in California. The fast-casual taco chain said it plans to use Chapter 11 bankruptcy to oversee a sale process. Rubio’s …

Dining out is increasingly a domain of the wealthy. Restaurants are feeling it.

What’s for dinner? For an increasing number of Americans, especially households making less than $150,000 a year, the answer doesn’t involve going to a restaurant. And when people do go out to eat, they are spending less money.  Battered by higher-than-normal food prices, some consumers are pulling back on their spending — and restaurants are feeling …

A “Restaurant Apocalypse” Is Starting To Sweep Across America, And That Is Really Bad News For The U.S. Economy

You can get a really good idea how the U.S. economy is doing by watching restaurants in your area.  When the economy is booming, restaurant parking lots are full and chains are feverishly establishing new locations.  But when the economy is struggling, restaurants get a lot less traffic and poor performing locations get shut down.  …

Travis Kalanick’s $15 billion food-tech company cuts employees globally in profitability push

Six months after layoffs at the food-technology company City Storage Systems, another round of cuts hit teams globally, according to leaked audio obtained by Business Insider. More than 80 US employees were cut at Otter, the company’s restaurant-tech arm, a source familiar with the people laid off said. Layoffs also affected teams in Canada and …

Food-delivery service closes, bankruptcy filing likely

There’s basically nothing proprietary about food delivery.  One company might offer better loyalty rewards or have an easier-to-use app, but the core service remains the same. So, once an area has more than one food-delivery service, it becomes hard for any player in the space to make money. Competition commoditizes the service and drives the …

Grubhub’s Campus Business Grows as Order Volumes Fall

College students aside, fewer Americans are ordering their meals from Grubhub. The food delivery platform’s parent company, Dutch firm Just Eat Takeaway, reported earnings Wednesday (April 17) showing a 6% decline in order volume across its business, and a 12% drop in orders in North America, from 74.1 million in 2023 to 63.9 million this year. Gross transaction value …

Just Eat Takeaway’s Q1 orders ‘disappoint’, shares fall

Just Eat Takeaway reported first-quarter orders below expectations on Wednesday, sending its shares 5% lower. Favoured by investors during the pandemic, shares in delivery firms have moved off those highs in the past two years amid a rampant churn rate. However, they have recouped some losses this year thanks to a rapid margin recovery on …

Data shows expected softening in restaurant sales may be here

This is the monthly GuestXM restaurant report from Black Box Intelligence: February provided a much clearer picture of the current state of the restaurant industry after January’s noisy data painted a much bleaker (albeit inaccurate) picture. Same-store sales growth for restaurants was -0.6% in February. Despite the very robust improvement of 4.0 percentage points in the year-over-year …