by Bernadette Heier | May 11, 2023 | News Briefs
Chicago-based Chowly, a digital ordering platform using POS systems, has launched Smart Pricing, a solution aimed to help small and medium-sized restaurants maximize digital ordering probability. The new feature equips restaurants with the ability to optimize their...
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...
by Tom Kaiser | Jan 19, 2023 | News, Top Stories
Amid so much economic upheaval, some restaurants are discovering the pitfalls of following the herd or relying on gut-level intuition to make critical pricing and menu decisions. One pricing expert with decades of experience argues that previous data and methods are...
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,...
by Tom Kaiser | Jun 30, 2022 | News, Top Stories
Because consumer demand, kitchen capacity and rolling promotions mean that restaurant profitability is a sliding scale, Sauce is a tech startup urging restaurants to take a cue from the hotel, airline and car rental industries by pricing their products on a similarly...