Economic News

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Holiday Season Starts Strong for Restaurants, Says Black Box

The holiday season is off to a good start for restaurants, according to Black Box Financial Intelligence’s latest “Restaurant Industry Performance Pulse.” For the week ending Nov. 21, the restaurant industry had its best sales growth since mid-July, and it was the second consecutive week of sales growth above 9%. The latest results show all…

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2022 State of the Foodservice Industry

What a ride 2021 has been. The year started with the country in the midst of a COVID surge, with widespread office and school closures, and many jurisdictions mandating dining restrictions. By spring and early summer, as vaccination levels soared and COVID cases plummeted, foodservice industry sales quickly accelerated. Driven by a pent-up desire to…

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Singer’s CEO Offers Tips for Navigating Industry Challenges

Fred Singer says planning ahead and finding ways to automate labor will help operators as industry challenges persist.

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Restaurant Sales Growth Rebounds, Says Black Box

Restaurant sales have picked back up after a downturn last week, according to Black Box Financial Intelligence’s weekly “Restaurant Industry Performance Pulse.”

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Restaurant Job Growth Picks Back Up in October

After restaurant job growth stalled in August and September, it picked back up last month, with 119,400 jobs added.

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Diners In Different Parts of the World Still Hesitant to Eat Inside

While restaurant customers have returned to indoor dining in some parts of the world, a new global study by Technomic shows that many people still aren’t ready for it.

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Restaurant Traffic and Sales Improve After Four Slower Weeks

The restaurant industry had the best week it's had in four weeks, according to Black Box Financial Intelligence’s latest Restaurant Industry Performance Pulse.

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Restaurant Job Growth Stalls After Increasing Most of the Year

For the first seven months of the year, the restaurant industry saw gains of nearly 200,000 jobs a month, but that growth appears to have leveled off in August and September.

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Restaurant Sales and Traffic Fall to Three-Month Low

According to Black Box, sales growth for all segments except for fine dining “deteriorated” during the last two weeks of September compared with the first three weeks of the month.

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Biden Administration Announces Ports, Goods Carriers Are Moving to 24/7 Hours

Just weeks after NAFEM and three other major manufacturers called on the federal government to address worsening supply chain challenges, it appears steps are being taken.

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