Just like a $1 slider, Jefferies restaurant analyst Andy Barish says restaurant stocks are too cheap to ignore…and it’s time to chow down. “Really it’s the damage done [during the pandemic] unfortunately to a lot of independent restaurants in the sector during the past 18 months of the pandemic that has caused a huge amount of capacity to be reset. So coming out of the pandemic, the large restaurant chains are very well positioned to take incremental market share in the form of better… Source link
Read More »Government needs to ‘step up and replenish’ the recovery fund: NYC restaurant CEO
Carmine’s, the iconic Italian restaurant in the heart of New York City’s Times Square is back open for business. The bustling neighborhood mainstay timed its re-opening for the day Broadway theaters drew back their curtains for the first time in more than 18 months as a result of the coronavirus pandemic. And hungry diners packed the house — the restaurant’s 480 seats were completely booked. “There’s been a little bit of a backlog of people who want to come out and celebrate at… Source link
Read More »Taco Bell to ‘Defy’ COVID, puts futuristic spin on new restaurant coming in 2022
Taco Bell (YUM) is stepping into the future latest restaurant design. Dubbed “Taco Bell Defy,” the food giant is doubling down on trends amplified during the COVID-19 pandemic, namely digital ordering and delivery. The location is expected to debut in Brooklyn Park, Minnesota, but won’t actually open its doors until the summer of 2022. According to the company, the new design concept was developed by Minneapolis-based Vertical Works, and includes a drive-thru experience with four lanes…. Source link
Read More »Google testing Duplex feature that adds names to restaurant waitlists
All the sessions from Transform 2021 are available on-demand now. Watch now. Google appears to be testing a new feature that allows users to add themselves and their parties to waitlists at restaurants that would normally require a phone call. Powered by Duplex, Google’s AI-driven natural language processing technology that can converse with business owners over the phone, the waitlist capability could benefit hospitality organizations facing surges in traffic as pandemic fears… Source link
Read More »Restaurant workers are quitting like crazy: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, July 8, 2021 Quits have never been a bigger part of restaurant worker churn By now, Morning Brief readers have likely become familiar with everyone’s favorite hipster economic data report: JOLTS. Short for the Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey (JOLTS), the report has been closely watched by investors for… Source link
Read More »Dominique Wilkins gets apology from restaurant
Atlanta Hawks legend Dominique Wilkins received an apology from a restaurant that turned him away for dress code reasons. La Bilboquet — a French restaurant in Atlanta — issued a statement Monday formally apologizing to Wilkins and vowing to make changes. Following the Wilkins incident, La Bilboquet said it will “provide diversity, equity and inclusion training to all current employees.” The restaurant also said it would “reevaluate” its dress code restrictions to eliminate… Source link
Read More »Restaurant Point-of-Sale Terminal Market Size Worth $25.95 Billion By 2028: Grand View Research, Inc.
TipRanks Goldman Sachs: These 3 Stocks Are Poised to Surge by Over 100% Markets are beset by volatility, with unpredictable swings making recent sessions something of a roller coaster. The main indexes were falling sharply at the end of last week, but Friday’s release of economic data showing strong manufacturing activity provided a boost that pared back the market losses somewhat. The recent earnings season also gave reason for optimism – the S&P listed companies, collectively, reported… Source link
Read More »Hawks legend Dominique Wilkins says he was turned away from Atlanta restaurant because of his race – Yahoo Sports
The Telegraph Phil Mickelson rolls back the years but has elite company on USPGA leaderboard Full leaderboard Third round tee times Padraig Harrington had seen enough. After watching playing partner Phil Mickelson rolling back the years whilst rolling in the putts in the first two rounds of the 103rd US PGA Championship here, Europe’s Ryder Cup captain was ready to call history. “In the position Phil is, I expect him to contend and I wouldn’t put it past him being there on top at the end… Source link
Read More »Taco Bell imagines post-COVID ‘restaurant of the future’ prioritizing digital, drive-in
Taco Bell (YUM) is doubling down on major trends amplified during the COVID-19 pandemic, with the restaurant aiming to usher in the future of its restaurant designs and service delivery. In plans unveiled on Tuesday, Taco Bell plans to bolster its investment in drive-thrus and “experiential to digital-forward elements” as the brand ramps up its plan to have 10,000 restaurants open globally this decade. “Our restaurant portfolio continues to rapidly evolve, striking a crucial balance between… Source link
Read More »Google features Memphis’ Four Way Restaurant in Black History Month ad
“For 75 years, the Four Way Restaurant has proudly fed the Memphis community, serving all walks of life, including cultural icons and civil rights leaders in U.S. history. We’re proud to help people find thousands of Black-owned businesses like The Four Way,” Google said. Source link
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