Month: September 2021

Restaurant Trade Group Says Biden’s Build Back Better Act Will Hurt Small Businesses

Robert C. Williams 9 months ago

The National Restaurant Association, which in the past has lobbied against increases to the minimum wage and paid sick leave, has raised concerns about the potential impact of President Joe Biden‘s Build Back Better Act in a letter to Congress released on September 29.

The letter, which was addressed to House Leaders Nancy Pelosi and Kevin McCarthy and Senate Leaders Chuck Schumer and Mitch McConnell, said that parts of the bill were too expensive for small businesses.

National Restaurant Association Vice President of Public Affairs Sean Kennedy said investments in pre-K education, childcare, and public transit were “long-overdue” but worried that the cost of the bill would “burden” the “struggling restaurant industry.”

This letter referenced the association’s September 2021 survey of 4,000 restaurants across the country. The association said the results of the survey showed that they felt “a recovery from the pandemic will be prolonged well into

… Read More

Restaurant industry in worse shape today than three months ago

Robert C. Williams 9 months ago

The restaurant industry is in worse shape now than it was three months ago, according to a new survey by the National Restaurant Association.Seventy-eight percent of restaurant operators said they have experienced a decline in customer demand in recent weeks because of Delta variant concerns, according to survey data released Wednesday.That, along with rising costs of food, has sliced already razor thin margins for the industry. Of those surveyed, 91% of restaurants said they’re paying more for food and 84% have higher labor costs despite labor shortages leaving them unable to keep up with demand, the survey indicated.Meanwhile, 71% of restaurants are understaffed while struggling with supply shortages. Nearly every restaurant surveyed — 95% — said it had experienced supply delays or shortages of key food or beverage items in the past three months.Sean Kennedy, executive vice president of public affairs for the National Restaurant Association, said, “our nation’s restaurant … Read More

Meals News, Best Eating places, Cooking Tips & Tips, Easy Recipes, Quick Meals And New Drinks

Robert C. Williams 9 months ago

It is our aim to supply the finest, most healthful Chinese eating experience in Richmond and we uarantee it! The ceremony on Thursday, 14th Could, won’t solely see the countdown of Asia’s 50 Best Bars 2020, but additionally include a variety of special awards for excellent particular person achievements. The Altos Bartenders’ Bartender Award will go to an business leader recognised by the people behind the establishments on the 2020 listing, whereas the Business Icon Award will recognise a legendary determine within the region. Different awards embody the Campari One To Watch – a bar outside the listing considered a rising star – and the brand new Michter’s Art of Hospitality Award, given to a bar recognised for excellent service. In the video above, meet the winner and garner some suggestions from the Altos Bartenders’ Bartender 2019, Shingo Gokan.

Auto-Renewal. Along with Part eleven(b)(v), the next shall apply: If your … Read More

Catch the Early Bird Special on Restaurant Stocks

Robert C. Williams 9 months ago

Restaurant expenses are surging. But a healthy consumer appetite suggests that restaurant stock prices might soon catch up.

It is no secret that restaurant operators, who earn low profit margins in the best of times, face a challenging environment. Supply disruptions in key inputs such as food and labor have driven prices higher and left many eateries understaffed. Even restaurants that do have enough workers are liable to experience sudden, temporary staff shortages from Covid-19 quarantines. If that weren’t enough, the spread of the Delta variant has crimped interest in dining out for certain customers, although capacity restrictions and other lockdown measures seem to be policies of the past.

Those conditions are downright scary for independent operators, but large chains are showing the ability to navigate the pressure. Shares of

Darden Restaurants,


DRI -1.01%

which owns Olive Garden, LongHorn Steakhouse and other chains, surged 6% last Thursday after the

… Read More