Corporate Operations: Page 44
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75% of small businesses sought PPP aid, Census Bureau finds
About 38% of the survey's 22,000 respondents said they've received loan money — and the coronavirus' impact appeared disproportionately felt in the Northeast and Great Lakes.
By Dan Ennis • May 19, 2020 -
McDonald's faces criticism for sexual harassment issues in international markets
Labor organizations from around the globe filed a joint complaint Monday against the chain, alleging patterns of rampant harassment and gender-based violence.
By Alicia Kelso • May 19, 2020 -
New CEO to take helm at National Restaurant Association
Effective June 1, Tom Bené, a former Sysco and PepsiCo exec, will lead the organization during one of the most difficult times the industry has ever faced.
By Julie Littman • May 18, 2020 -
Column
Shift Change: Wingstop appoints CTO, Sweetgreen hires COO
This week's Shift Change also includes new board members at Potbelly and Dave & Buster's.
By Julie Littman • May 15, 2020 -
McDonald’s reopening requirements saddle operators with more costs
The chain's 59-page reopening guide for its U.S. restaurants includes purchasing recommendations for a $718 touchless sink and $310 automatic towel dispenser, The Wall Street Journal reports.
By Alicia Kelso • May 15, 2020 -
Bankrupt Krystal sold to Fortess Investment Group for $48M
With healthy M&A all but paused during the pandemic, distressed company sales are likely to be among the handful of deals to occur this year.
By Julie Littman • May 15, 2020 -
Starbucks seeks rent relief for a full year
In a letter written by Starbucks COO Roz Brewer and obtained by Restaurant Business, the company asked its landlords for 12 months of rent breaks for its corporate-owned units beginning in June.
By Alicia Kelso • May 14, 2020 -
McDonald's will boost US marketing $100M as dining rooms reopen
It's unclear what future marketing promotions will look like, though the fast-food behemoth is likely to highlight safety precautions early on to address consumer concerns about eating in restaurants.
By Robert Williams • May 14, 2020 -
Potbelly could permanently close up to 100 stores
About 90% of the shops under consideration for closure were impaired before the pandemic and are even more challenged today, CFO Steve Cirulis said on an earnings call.
By Julie Littman • May 13, 2020 -
Buffalo Wild Wings unveils its first 'GO' store in Atlanta
The new concept, which will open Wednesday, features heated pickup lockers to service guests who order ahead via the brand's mobile app.
By Lauren Manning • May 12, 2020 -
Chipotle secures $600M in cash
The fast casual chain is the latest to secure cash from a revolving credit line, joining the likes of McDonald's and Yum Brands in using this tactic to weather the economic storm from the novel coronavirus pandemic.
By Alicia Kelso • May 11, 2020 -
Burger King will test reservations in Italy
The chain expects to begin the pilot June 1 at three Milan restaurants. If successful, the app could be used in other countries.
By Emma Liem Beckett • May 7, 2020 -
Chick-fil-A to reopen some restaurants in coming weeks
The chicken chain will install plexiglass at the front counters and add floor decals every six feet both inside and outside as it begins offering carryout.
By Julie Littman • May 7, 2020 -
Famous Dave's parent secures $13M PPP loan
After new restrictions on lending were put in place for public companies, BBQ Holdings remained eligible because it is considered a nano-cap business, with a capitalization below $50 million.
By Alicia Kelso • May 6, 2020 -
Uber Eats to leave 8 global markets
Uber will shutter its food delivery operations in the Czech Republic, Egypt, Honduras, Romania, Saudi Arabia, Ukraine, Uruguay and the United Arab Emirates.
By Julie Littman • May 6, 2020 -
Shake Shack will add drive-thrus, pickup windows to restaurants
The new "Shack Track" store remodels are designed with social distancing in mind, but CEO Randy Garutti didn't disclose how many locations will be overhauled.
By Emma Liem Beckett • May 6, 2020 -
McDonald's gives 10% bonus to employees working in company-owned stores
In addition to the bonus pay for working amid the pandemic, an internal memo obtained by Business Insider said franchisees should offer an emergency relief fund.
By Thai Phi Le , Emma Liem Beckett • May 6, 2020 -
18% of Wendy's restaurants aren't serving hamburgers, report finds
Wendy's CEO Todd Penegor said on an earnings call Wednesday that the chain's beef supply is likely to experience a "couple of weeks of challenging tightness."
By Emma Liem Beckett • Updated May 7, 2020 -
KFC hosts virtual Mother's Day dinners on Facebook Messenger
The chain created a virtual Mother's Day experience to help people celebrate the occasion while the pandemic keeps them apart.
By Robert Williams • May 5, 2020 -
Dave & Buster's raises $100M from stock sale
The sale to Jeffries will bolster its balance sheet as the chain struggles, recently closing all of its 137 locations and furloughing 15,000 hourly workers.
By Julie Littman • May 5, 2020 -
BJ's receives $70M investment from Ron Shaich's firm
The funds from Act III Holdings will help the casual dining chain, which laid off 16,000 hourly employees in April, bring back its staff and reopen dining rooms.
By Julie Littman • May 4, 2020 -
McDonald's primes supply chain for potential meat shortage
The chain is now limiting allocation of its meat supply as the U.S. faces potential shortages due to slaughterhouse closures.
By Alicia Kelso • May 1, 2020 -
Taco Bell, Chipotle adjust marketing around Cinco de Mayo amid coronavirus
One is leaning into an influencer-led TikTok activation, while the other is translating its experiential expertise to an at-home environment.
By Peter Adams • May 1, 2020 -
Popeyes chicken sandwich boosts quarter despite coronavirus pressure
Even during the pandemic, the chicken sandwich's popularity didn't wane. Comp sales were up 26.2% globally while traffic grew 40% during Q1 2020.
By Julie Littman • May 1, 2020 -
Starbucks to rev up marketing as US stores gradually reopen
The chain says it will keep spend within the 2020 advertising budget but squeeze those efforts into an accelerated schedule, as it uses a "monitor and adapt" strategy to reopen stores.
By Robert Williams • May 1, 2020