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American Express (AXP -3.12% ) has gone all-in on dining in an effort to attract younger customers. Now, millennials and Gen Z are among the company’s most loyal cardholders. When Amex began its foray into the restaurants and events space with its acquisition of reservations platform Resy in 2019, it kicked off a refresh of …
Food prepared at home continues to be a cost-effective option, with grocery prices rising at a modest 1.1% annually, compared to the 4.1% spike in dining out. While some claim inflation is under control, the reality paints a different picture. Families, facing maxed-out credit cards, are cutting back on eating out, turning to home-cooked meals …
Majority of casual dining restaurants are down 30-50% YTD pic.twitter.com/pDIYPhgT0i — Win Smart, CFA (@WinfieldSmart) July 8, 2024 In 2023, the casual-dining segment faced significant challenges. While overall sales for casual-dining chains increased by 4.7% year over year, traffic declined by 1.6%. This deceleration was due to factors such as stubborn inflation, price-sensitive consumers, and …
Despite rising costs, 38% of adults are willing to take on more debt for leisure activities. They plan to travel, dine out, and enjoy live entertainment in the coming months. It seems the desire for experiences is outweighing financial caution! 38% of adults said they plan to take on more debt to travel, dine out and see …
California’s $20 minimum wage led to fast food price hikes, lower foot traffic, study shows. In the six-month period leading up to the new law being enacted, fast food prices in California rose on average by 7% — forcing franchisees in the state to slash work hours, postpone capital improvements and expedite the deployment of …
Former Massachusetts District Attorney Rachael Rollins is facing scrutiny for using her taxpayer-funded purchase card for expensive dinners, including charges at seafood and Italian restaurants, Jersey Mike’s, coffees, and Uber Eats, in violation of state guidelines. Rollins allegedly used her taxpayer-funded purchase card for lavish dinners at restaurants, including a $500 seafood meal in Worcester …
More low income earners in the Us are not dining out, per Reuters: pic.twitter.com/oAbUo1h9D0 — unusual_whales (@unusual_whales) April 8, 2024 “Runaway prices at U.S. fast-food joints and restaurants have made people skittish down the income ladder and executives at chains including McDonald’s (MCD.N), opens new tab and Wendy’s (WEN.O), opens new tab recently said they …
[News & Information Release] “Taco Bell restaurants in Oakland, California have been forced to suspend indoor dining indefinitely after being subjected to a series of robberies amid an unrelenting crime surge in the city. Business has been restricted to drive-thru service only… — BAY AREA STATE OF MIND (@YayAreaNews) March 11, 2024 The situation at …
OAKLAND, Calif. (KGO) — Customers no longer have access to dining rooms at most Taco Bell restaurants in Oakland. We spotted signs saying “dining room closed” at the restaurant at 35th Avenue and MacArthur Blvd on Monday. According to reports, four of the five Taco Bells in Oakland are now drive-thru only due to rising crime. …