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2:00PM Water Cooler 8/11/2021 | naked capitalism

2:00PM Water Cooler 8/11/2021 | naked capitalism
nakedcapitalism.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nakedcapitalism.com Daily Mail and Mail on Sunday newspapers.

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Bonchon leaning into fast casual format

Bonchon leaning into fast casual format
fastcasual.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fastcasual.com Daily Mail and Mail on Sunday newspapers.

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Cleanliness is Still Name of the Game; Food and Service Sentiment Pick Up Strength in March


Cleanliness is Still Name of the Game; Food and Service Sentiment Pick Up Strength in March
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Restaurant sales on the rebound and guest sentiment saw strong signs of improvement; especially for food and service . The March 2021 Restaurant Guest Satisfaction Snapshot by Black Box Intelligence™ has been published.
DALLAS (PRWEB)
April 22, 2021
March was a good month for restaurants, especially considering what the industry has gone through over the last year. Of course, as was expected, year-over-year same-store sales growth skyrocketed as we lapped over the first month that was hurt by the pandemic at the national level. More encouraging and somewhat unexpected news for the industry was that same-store restaurant sales during March were higher than they were during March of 2019 and the first time in over a year that 2-year sales growth was positive. ....

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A year of COVID-19: Accelerating change and transforming hospitality


The restaurant industry suffered great loss but recovery is in sight
For the restaurant industry, the year of COVID-19 was certainly unprecedented.
The global COVID-19 pandemic, which was declared by the World Health Organization on March 11, has through a series of alerts, lockdowns and quarantines aimed at slowing the coronavirus’ spread accelerated change, transformed hospitality and, sadly in some quarters, decimated the industry.
As many as 110,000 restaurants have closed since the pandemic was declared, according to the National Restaurant Association, and foodservice sales have fallen $255 billion in the year since.
“Restaurants now have to figure out what’s the fewest number of things to focus on in order to satisfy their customers and maintain strong sales,” said Bob Johnston, CEO of Tampa, Fla.-based Front Burner Brands, the restaurant management company for the 97-unit Melting Pot Restaurants Inc. ....

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