Economic News
October 26, 2020
Sweetgreen to Layoff 20% of Corporate Staff
Company CEO says restructuring plan includes an emphasis on digital and streamlined menu.
October 7, 2020
Ruby Tuesday Is the Latest Chain To File for Chapter 11
The chain plans to close 185 stores as part of restructuring plan.
September 21, 2020
Sizzler Files for Chapter 11 Bankruptcy
The steak-and-salad bar chain points to COVID-19 for its troubles.
September 15, 2020
100,000 Restaurants Lost to COVID
The industry is on track to lose $240 billion this year alone, warns trade group.
September 10, 2020
In August, Restaurant Customers Were Happy With Food and Service
But diners are starting to bristle at higher check averages.
September 8, 2020
Luby’s Wants to Liquidate All Assets
Net Proceeds to be distributed to the cafeteria operator’s stockholders.
September 2, 2020
Commercial Foodservice Sales Plunge
MAFSI report shows a historic downturn and looks to what’s ahead.
September 1, 2020
7 Safety Takeaways from Virtual NEXT
During FER’S Virtual Next Conference last week, attendees learned from foodservice experts that in the age of COVID-19,
August 28, 2020
Restaurant Customers Want to See COVID-19 Safety Protocols
The cleanliness of a restaurant now ranks above the taste of the food when it comes to how consumers choose a restaurant.
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