Published August 23, 2017
Reflecting on why restaurant sales, despite a brief “spike” in overall revenue, are on a downslide, heading towards the worse. Especially so for fast food chains and not so much fine dining. A few reasons are; households are being cautious of spending habits and the cost of wages paid for qualified employees to work. The economy may still be improving but it is obvious that households are still trying to be cautious in the ways they spend, as they would rather save.
- Traffic plummeted 4.7 percent in the month—1.7 percentage points worse than June.
- July cooked any optimism the restaurant industry might have felt from a promising June.
- Calculated on a two-year basis, July’s sales were down 4.2 percent versus July 2015, and same-store traffic declined an eye-opening 8.7 percent.
“Same-store sales dropped 2.8 percent across the landscape, a significant 1.8 percentage point decline from the previous month, when traffic and sales reached their best marks since 2016.”
Read more: https://www.qsrmagazine.com/news/after-promising-run-restaurant-sales-tumble-july
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Published August 23, 2017
The hospitality industry is reeling after a significant draw down of their funds. Restaurants and pubs in the UK missed out on the relief funds they were offered. ALMR is now reporting on the changes that are taking place in the area. Wait for the relief fund to be restored and distributed to those that are in need. Notable restaurants hope that these funds can be dispersed. That will boost their profit margins by a wide degree.
Read more: Restaurants and pubs are missing out on £300m rates relief fund, says ALMR
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Published August 23, 2017
Check out the new website from Dot It Restaurant Fulfillment at brand.dotit.com to find the latest and greatest up to date solutions for restaurants. Dot It includes a variety of products and services such as printing, distribution, warehousing, sourcing as well as promotional products, swag, and supplies. It is the goal of Dot It to offer restaurants the ability to use their services which in turn will make it easier for those in the restaurant business as you will find the most up to date information that is available. Want to see that Dot It works? Take a look at the testimonial section that includes success stories from well known brand name chains. If you are interested in taking your restaurant to the next level, please visit brand.dotit.com or call our toll free number.
Read more: Dot It Launches New Website for Brand Fulfillment
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Published August 23, 2017
Noam Wolf has created a brand new app called MarketMan. The MarketMan app is designed to help small restaurants manage inventory and order food when needed. This new app has helped small restaurants save time, money, and has cut down on food waste. The app has streamlined processes for smaller restaurants and has brought them up to date much like their larger counterparts. Finally, the MarketMan app has teamed up with a non-profit organization that is working to combat hunger in the community. All around, the new MarketMan app brings great solutions to several problems; it is a win-win for everyone involved
- The ever-present issue of food waste is often solved by big name companies with a customized inventory solution, but such is often not viable for smaller venues.
- It’s been a dirty secret that front-of-the house operations and customer relations issues get the technological muscle and advancements, while back-of-the house issues tend to stagnate, unresolved.
- Mobile app pioneer, Noam wolf, knew there had to be a better way than manually composing orders, frequently resulting in over-ordering and wasted monies.
“By seamlessly connecting the silos between operator and vendor through streamlined software, MarketMan allows restaurant operators to reduce both food costs and inventory management time, all through an easy-to-use cloud-based platform.”
Read more: https://www.qsrmagazine.com/news/streamlined-solution-help-minimize-food-waste
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After Promising Run, Restaurant Sales Tumble in July
Reflecting on why restaurant sales, despite a brief “spike” in overall revenue, are on a downslide, heading towards the worse. Especially so for fast food chains and not so much fine dining. A few reasons are; households are being cautious of spending habits and the cost of wages paid for qualified employees to work. The economy may still be improving but it is obvious that households are still trying to be cautious in the ways they spend, as they would rather save.
Key Takeaways:
“Same-store sales dropped 2.8 percent across the landscape, a significant 1.8 percentage point decline from the previous month, when traffic and sales reached their best marks since 2016.”
Read more: https://www.qsrmagazine.com/news/after-promising-run-restaurant-sales-tumble-july
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