Latest Industry News – Week of June 15th

Compeat Community,

Compeat is committed to doing all we can to help you stay informed with everything happening in the industry today.

We have aggregated industry data, tips and strategies in one place for you here and are providing our weekly newsletter below that also includes Compeat updates. We are here to help restaurants thrive today and going forward.

Compeat Reminders

Congratulations to all 2020 James Beard Foundation finalists including several Compeat customers

The 2020 James Beard Awards presented by Capital One will mark the 30th anniversary of America’s most coveted and comprehensive honors for chefs, restaurants, journalists, authors, and other leaders in the food and beverage industry. We’re thrilled to report that several Compeat customers were nominated including…

Webinar: Why Cashless, Touchless and OnDemand Pay is the New Normal for Restaurants

With the COVID-19 crisis changing the way we do business, it is now more important than ever before to eliminate paper checks and cash from an operation and sanitary perspective to protect your employees and your guests. It is also important to pay our hardworking team members and pay them fast.

Join rapid! PayCard SVP of Wage and Corporate Disbursements, Brian Slowik and Compeat’s Chief Marketing Officers, Kristi Turner on Wednesday, June 24th at 2:00 pm CST as they discuss why a cashless, touchless operation is the way of the future,

Reserve Your Seat

Alternative Operation Strategies

Imagining the restaurant industry after coronavirus

When we solicited restaurant operators for a bird’s-eye view of the situation, asking what the enduring consequences of the pandemic would be, three macroscopic topics emerged: the advent of convenience in full service; market contraction and polarization; and wide-ranging consumer sentiment. Ironically enough, many restaurateurs have observed that the coronavirus didn’t necessarily bring about new changes but rather accelerated their evolution…

Buffalo Wild Wings testing drone service

Deuce Drone has signed a Demonstration Agreement with Potters Wings Mobile, LLC, a Buffalo Wild Wings Franchisee, to conduct a demonstration of the company’s drone delivery system. The demonstration will be conducted at the franchisee’s Mobile, Alabama Buffalo Wild Wings sports bar and is expected to occur at the end of August 2020…

Yelp adds new waitlist features for restaurants

Yelp is introducing new features that will serve as a way for businesses to easily communicate health and safety information as part of their reopening efforts. It’s also launching updates to Yelp Waitlist, an online waitlist management system, to ensure a smoother transition back to dine-in service. According to Yelp data, we’ve seen more than 143,000 total business closures between March 1st and June 10. As businesses are expected to reopen…

Restaurant Industry Insights

fast-food

Why Coronavirus will Spark a Fast Food Takeover

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pride

Nation’s Restaurant News Highlights Supreme Court Ruling

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covid-money

Momentum Grows for Creation of $120B Restaurant Stabilization Fund

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Restaurants Doing Good 

&Pizza is closing stores on Election Day to give employees a chance to vote

Washington D.C.-based fast-casual brand &pizza is closing stores Nov. 3 and giving employees paid time off to vote on Election Day. Additionally, the 40-unit pizza chain plans to lead a movement among its limited-service peers to establish a private holiday amongst the industry and allow their workers the opportunity to cast their votes, the company said in a statement…

Safety first, people always. Church’s Chicken shares distributed workforce plan

In the face of the COVID-19 pandemic, Church’s Chicken has shared the multifaceted HR transformation taking place at the its headquarters in Atlanta. Based on a solid strategic plan, the new workplace advances are allowing the brand to effectively adjust and respond to an ever-changing restaurant business environment. COVID-19 is causing many industries – hospitality included – to quickly adapt to new ways of conducting business, which of course includes a large work-from-home employee base…

The recovery is in full swing at Bloomin’ Brands

Bloomin’ Brands’ decision not to furlough workers at the company level allowed it to quickly swing back into business, CEO David Deno said. The company shared in an update that, as of June 7, more than 760 corporate U.S. locations (about 74 percent of domestic restaurants) were operating with with limited in-restaurant dining capacity. At Outback, 373 locations served dine-in guests this past week. Those restaurants witnessed same-store sales declines of just 13.6 percent compared to prior-year levels. So even with restricted seating, reopened Outbacks are approaching 90 percent of pre-crisis business…


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