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How to Execute Dynamic Pricing is Food On Demand Hot Topic

How to Execute Dynamic Pricing is Food On Demand Hot Topic

by Beth Ewen | May 10, 2023 | Finance, News, Top Stories

Dynamic pricing is the rage among restaurants, but it’s difficult to pull off especially as inflation may be starting to ease. “Everybody seems to get into it at the late end of the cycle. When it gets to the late part of the cycle, people make bad...
Online Grocery Sales Hit $9.1 Billion, Up 2.4 Percent

Online Grocery Sales Hit $9.1 Billion, Up 2.4 Percent

by Bernadette Heier | Jan 25, 2023 | Finance, News

The U.S. online grocery market finished December with $9.1 billion in sales, up 2.4 percent from a year ago and only 2 percent lower than the record high of $9.3 billion seen last Q1 of 2021, according to the monthly survey from Brick Meets Click and Mercatus. Driving...
Rising Restaurant Costs Reveal Generational Divide in Spending 

Rising Restaurant Costs Reveal Generational Divide in Spending 

by Bernadette Heier | Jan 24, 2023 | Finance, News

As economic headwinds persist, consumers across generations are adjusting their restaurant purchasing behaviors amid rising prices. A December study by PYMTS surveyed over 2,300 consumers who regularly purchase food from restaurants. It found that 88 percent of...
Restaurant Inflation: Final CPI Report of 2022

Restaurant Inflation: Final CPI Report of 2022

by Bernadette Heier | Dec 22, 2022 | Briefs, Finance, News

Prices consumers paid for food away from home (meals from restaurants) increased 8.5 percent year-over-year in November, according to the final Consumer Price Index (CPI) report of 2022. The data remains almost unchanged to the prior month’s 8.6 percent index....
Virturant Unveils Reconciliation Update

Virturant Unveils Reconciliation Update

by Tom Kaiser | Dec 8, 2022 | Briefs, Finance, News, Third-Party Delivery

Virturant, a virtual restaurant provider, has launched a new upgrade to its software-as-a-service platform aimed at helping restaurant operators reconcile their third-party delivery orders. Called Rapid-Reconcile, it is designed to instantly process thousands of...
Panelists Discuss Next-Generation Pricing Strategies

Panelists Discuss Next-Generation Pricing Strategies

by Bernadette Heier | Dec 1, 2022 | Briefs, Finance, News

When it comes to pricing, it’s the “topic on every restaurant, every company, and every CEO’s mind,” said Dylan Bolden, managing director and senior partner at Boston Consulting Group. Moderated by Alan Hickok of Boston Consulting Group,...
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