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...
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...
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...
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, 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...
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,...
