By Laura Michaels Off-premise sales gave Denny’s Corp. a boost in the second quarter, helping the brand mitigate the effects of what President and CEO John Miller called a “choppy performance” in the restaurant industry overall. During the company’s earnings call August 1, Miller cited “the continued gap between grocery and restaurant pricing, the influence of a retail slowdown on dining out occasions, holiday shifts and federal income tax refunds delays,” as weighing down overall industry performance. Denny’s, however, overcame some of these issues as second quarter domestic same-store sales […]
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A new Cowen survey explores market implications of third-party delivery, showing some impressive growth and an incredible opportunity for restaurant investors. According to a proprietary survey of 2,800 consumers, research company, Cowen, found four “notable tailwinds” for the industry: 1) Respondents indicated a net 10 percent increase in delivery consumption y/y, suggesting steadily rising order rates among non-lapsed users; 2) A long runway for online ordering with only 52 percent of online delivery respondents placing orders online 75 percent of the time; 3) Supply factors (i.e., restaurant availability and growth […]
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After patent drawings illustrating beehive-like drone skyscrapers leaked, Amazon appears closer than ever to building the distribution infrastructure necessary to allow delivery drones to crisscross the skies above major cities.
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No news on whether Walmart still plans to ask its employees to deliver orders to neighbors on their way home, but just in case it’s still in the works… Related posts: Restaurant Analysts React to COVID-19 Closures The Economics of Virtual Restaurants Delivery Providers Roll Out Restaurant Relief P.F. Chang’s Inks Catering Agreement with ezCater, Cartwheel
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By Laura Michaels Delivery used to be more of a “casual hobby” for Union Square Hospitality Group and its Blue Smoke eatery, but that was before the Danny Meyer-led restaurant group recognized the needs of its guests were changing. “In the old days we were basically competing with the restaurants in our neighborhood for the same mouths in our neighborhood,” explained Sabato Sagaria, Union Square’s chief restaurant officer. Now, with a commitment to using delivery to drive additional revenue, “we have the opportunity to reach mouths all over the city […]
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Is delivery faster and more convenient than ordering McDonald’s at a drive-thru? We tested McDonald’s new delivery partnership with Uber Eats to see how the fast-food giant’s sandwiches, fries, Happy Meals and “artisan” burgers weathered the journey to our office with a delivery service, rather than just driving down the road to get it ourselves.
Read MoreA round up of the most interesting food on demand related stories from around the web for July 2017
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By Thomas Kaiser We use it to announce the best and worst news of our lives, to stalk exes and find new love, to read the news and complain about current events—so why shouldn’t Facebook just feed us, already? Fear not, California-based Facebook has announced plans to add meal delivery to its all-encompassing function set. While Facebook hasn’t made a major announcement about its new service as yet, clicking on the hamburger icon or “Order Food” from its menu brings users to a page that lets them choose from nearby […]
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By Nancy Weingartner Monroe After Kendra Rasmusson and her husband Paul moved back to her hometown of New Prague, a rural community about 45 miles south of Minneapolis, they discovered the nearest co-op was 25 miles away. This might not have been a big deal for most people, but the couple’s 2-year old had just been diagnosed with epilepsy and a clean diet was one of the ways to help control the seizures. Paul kept his day job in finance, making the daily commute to the Twin Cities, and Kendra […]
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By Nancy Weingartner Monroe We caught up with Michael Wior, CEO of Omnivore Tech in Hayward, California, at the National Restaurant Show in Chicago not that long ago, and asked him what he sees as the future of restaurant technology. Since his company’s software integrates all the different technologies, apps and bells and whistles for restaurants, we figured he’d have something worth quoting. And we were right. It’s all about what customers are demanding, he says, which right now is to pay with their phone. Restaurant employees, on the other […]
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