Tag Archives: restaurants

As the West rolls out more sanctions against Russia for its war in Ukraine, another consumer favorite joins the list: Big Macs. McDonald’s Corporation (MCD) said Tuesday the U.S.-based fast-food giant will temporarily close all restaurants in the country and pause operations in its Russian market, heeding to growing criticism over its silence on the conflict even as other multinational companies have severed ties with the nation. “We serve millions of Russian customers each day who count on… Source link

Just as the hospitality sector was starting to recover from the Delta wave of COVID-19, a growing number of local restaurants and bars are bracing themselves for the Omicron variant, which is swamping highly-vaccinated population centers and threatening public gatherings. With Christmas and New Year’s approaching, closed doors, canceled reservations and sparser dining rooms are once again the order of the day for eateries battered by COVID-19 restrictions over the last two years. “We’re… Source link

Restaurant operators and workers across the U.S. are struggling to rebound from the pandemic, and are battered by a lack of staff, skyrocketing prices and supply shortages. Paula Tejeda is one of them.  Even after mass vaccinations, customer traffic is “still very shaky,” Tejeda, the owner and founder of Chile Lindo, a deli and coffee shop in San Francisco, said in an interview with Yahoo Finance. “The hospitality business, which is restaurants, small coffee shops and bars, are not back…. Source link

Yahoo Finance: A&W Discusses How the Worker Shortage Continues To Wreak Havoc on U.S. Restaurants Please enable JavaScript to continue using this application. Source link

Summer is over, but the ongoing COVID-19 pandemic means outdoor dining is not going away anytime soon, even as the weather gradually cools. Restaurant owners want to preserve external spaces — adopted in response to the pandemic — as more of a permanent thing, especially with the Delta variant making many patrons nervous about indoor dining. In New York City in particular, the trend exploded when public health officials shuttered dining rooms as a way to curb the spread of the… Source link

For , it’s starting to feel more like March 2020 than September 2021. Cities across the country have tightened up on mask wearing, or are insisting on COVID-19 vaccination status as a way to instill confidence among customers and protect the community. However, in some regions, as the Delta variant casts a new cloud over the industry’s outlook. In a consumer survey recently conducted by the National Restaurant Association, 19% of respondents said they’ve stopped going out to eat in… Source link

Restaurants walloped by COVID-19 have suffered a silent epidemic of financial woes among an unlikely segment: Franchise eateries. The pandemic’s impact on the food industry has been well chronicled, with many having to shutter, drastically cut staffing and hours, or resort to other desperate measures just to stay afloat. However, some experts say franchises — third party operators licensed by larger brands — are just as vulnerable to closure and operational struggles, like food and… Source link

Burger King (QSR) is rolling out its app-based loyalty program nationwide, expanding its digital presence as the industry leans in on COVID-19 dining trends that have successfully lured in customers. On Thursday, the fast food giant announced that its “Royal Perks” will launch in two-thirds of restaurants by September. Initially, Burger King tested the program in a 3 market pilot in Los Angeles, Miami and the New York Metro area that began in February. In a function of how digital is playing a… Source link

New York City’s new vaccination mandate is sending restaurant and gym stocks lower. Shares of Shake Shack (SHAK), Starbucks (SBUX), McDonalds (MCD) and Planet Fitness (PLNT) all dipped following news that the Big Apple will require proof of vaccination in order to eat inside or use indoor work-out facilities. Both workers and customers will need to show vax ID cards in order to enter restaurants or fitness facilities. “If you want to participate in our society fully, you’ve got to get… Source link

The clearest sign that the leisure and hospitality labor shortage isn’t yet easing — at least in the short term — is the rise in employee wages. As vaccination rates climb and more Americans dine out, restaurants can’t find enough cooks, waiters, and dishwashers to keep up with demand. Restaurants “have no choice” but to raise wages, BTIG Managing Director Peter Saleh told Yahoo Finance Live this week. “They need to increase benefits to attract employees or else they can’t serve… Source link