3:07 p.m. March 29, 2021
Shake Shack CFO to leave for CEO role elsewhereShake Shack Inc. said its finance chief, Tara Comonte, is leaving the burger chain to take the top post at another company. New York-based Shack Shack said on Monday that Ms. Comonte, who took over as chief financial officer in June 2017, would depart to become the chief executive of a private company outside the restaurant industry.
11:33 p.m. Nov. 1, 2020
- By Quentin Fottrell
Italy tightens COVID-19 restrictions, plunging Venice back into ‘victorious solitude’ Residents reflect on the pandemic and the costs of globalizationResidents reflect on the pandemic and the costs of globalization.
9:43 p.m. Oct. 14, 2020
Publicis warns of challenges as revenue beats Madison Avenue has taken a beating as advertisers have slashed budgets amid the global pandemic, but the third quarter offered some improvement for one of the world's largest ad holding companies. At Paris-based Publicis Groupe SA, organic revenue -- a key industry measure that strips out currency effects, acquisitions and disposals -- fell 5.6% in the quarter compared with the prior year, the company reported.
11:25 a.m. Sept. 26, 2020
- By Ellis Henican
Chilly sidewalks, struggling restaurants: NYC diners finally inch inside Can temperature checks and heat lamps save a battered industry?Even moving indoors isn’t going to be easy for the city’s restaurants and bars, where employment is still way down.
6:21 a.m. Sept. 12, 2020
- By Tonya Garcia
Starbucks’ Pumpkin Spice Latte still drives traffic and could be a source of holiday season inspiration for retailers The PSL has been on the fall menu for 17 yearsThe launch of the Pumpkin Spice Latte, which has been on the Starbucks menu for nearly two decades, is part of the company’s business strategy, experts say.
1:43 p.m. Sept. 9, 2020
- By Virginia K. Smith
NYC restaurants can reopen indoor dining on Sept. 30, Gov. Cuomo says Indoor dining service will begin at 25% capacity with the potential to expand to 50% if infections remain lowIf the infection rate has not increased by Nov. 1, indoor dining may be allowed to expand to 50% capacity.
7:42 a.m. Aug. 27, 2020
- By Yannis Moati
What could save the hotel industry amid the pandemic — a hub for work and play Hotels could become places for leisure and work geared toward remote workersHotels could become places for leisure and work geared toward remote workers.
8:34 a.m. Aug. 1, 2020
- By Michael Brush
Here’s why Netflix stock, now below $500, is going to $1,000 Investors are overreacting to Netflix guidance for a ‘soft’ second half of the yearInvestors are overreacting to Netflix guidance for a “soft” second half of the year. That’s creating a rare buying opportunity for this FAANG stock.
10:56 a.m. July 15, 2020
- By Victor Reklaitis
‘My PPP loan allowed me to reopen, but it is not going to allow me to stay open’ — restaurant owner lobbies Congress for $120 billion relief fund Groups representing the restaurant industry are pushing for U.S. lawmakers to establish a $120 billion revitalization fundThe remarks came during a virtual House Small Business Committee hearing that was intended in part to look at ways to help industries that have been disproportionately hurt by COVID-19.
8:45 a.m. June 20, 2020
- By Tonya Garcia
McDonald’s and Taco Bell among the restaurant chains hit by COVID-19-related breakfast weakness McDonald’s drive-thru service has gotten 25 seconds faster, according to BTIGMcDonald’s breakfast business, like other fast-food chains, has suffered during the coronavirus pandemic, but analysts say there are strengths elsewhere in the business.
4:36 a.m. June 15, 2020
- By Tonya Garcia
Red Robin Gourmet Burgers cut 55 menu items due to coronavirus and doesn’t plan to bring them back Red Robin says it has seen a number of benefits from the shorter menuRed Robin has uncovered a number of benefits to having a more streamlined menu, and plans to hang on to it, with the exception of a pizza addition.
10:11 a.m. June 11, 2020
- By Emily Bary
‘What a lost opportunity’: Uber’s abandonment of GrubHub deal is a ‘clear negative,’ analysts say Uber, Lyft stocks fall Thursday after California says ride-share drivers are employees according to new state lawThe food-delivery landscape is getting a shakeup, but not in the way investors had been expecting over the past few weeks.
4:40 a.m. May 26, 2020
- By Leslie Albrecht
As coronavirus closes public pools, inflatable kiddie-pool sales are surging — and many pool builders are back at work ‘With COVID, and the trepidation with travel, people are taking that money and investing it in a backyard pool’‘With COVID, and the trepidation with travel, people are taking that money and investing it in a backyard pool.’
1:03 a.m. May 20, 2020
- By Jessica Wakeman
Certain trends are already emerging to reveal how coronavirus will change where we want to live How will it affect the character of smaller cities and towns?Even before the pandemic, there was a movement of people from larger cities to smaller towns or suburbs.
11:14 a.m. May 18, 2020
- By Calodagh McCumiskey
‘My former career working in disaster zones has prepared me well’: Former aid worker says we see the best of people in a crisis ‘As a society, we are social distancing, but strangely we are also more connected, and it’s all because of this harrowing public-health crisis’‘As a society, we are social distancing, but strangely we are also more connected, and it’s all because of this harrowing public-health crisis.’
7:48 a.m. May 13, 2020
- By Therese Poletti
Uber plus Grubhub called ‘a new low in pandemic profiteering,’ and that’s not the only problem Disagreements on price, potential antitrust review and a bullseye from politicians make food-delivery combination an iffy dealUber Technologies Inc.’s discussions with Grubhub Inc. were called a “new low in pandemic profiteering” by one congressman on Tuesday, and that’s just one potential issue that could thwart a potential merger between the two food delivery companies.
10:06 a.m. May 12, 2020
- By Kabir Sehgal
Frontline workers in this coronavirus-damaged economy need money as well as applause 3 ways to help essential workers achieve greater financial securityThese 3 initiatives can help essential workers achieve greater financial security, writes Kabir Sehgal.
2:10 p.m. May 6, 2020
- By Max A. Cherney
Grubhub stock dips as earnings miss despite expected delivery uptick from pandemic CEO says company expects to use ‘nearly all of our profits in the second quarter to generate as many additional orders for our restaurant partners as possible’Grubhub Inc.shares ticked down 1.8% in the extended session after the company beat scaled-back estimates amid surging demand for delivery services in the U.S.
6:45 a.m. April 21, 2020
- By Tomi Kilgore
Earnings are set for their biggest dive since late 2009 — and it gets worse from here Earnings Watch: Netflix, Intel and AT&T highlight the first big week of financial reports in the age of COVID-19The S&P 500 index is set to suffer the worst quarter for earnings since the 2008 financial crisis, and it’s likely to get a lot worse because these results will barely show the impact of the COVID-19 pandemic.
10:25 a.m. April 20, 2020
- By Victor Reklaitis
Here’s why big chains like Shake Shack got the coronavirus aid for small businesses Shake Shack is now returning the money, but the CARES Act specifically allows for the Paycheck Protection Program to aid large restaurant and hotel chains Operators of large restaurant and hotel chains were specifically granted the chance to get Paycheck Protection Program loans in the $2.2 billion aid package known as the CARES Act.
10:25 a.m. April 15, 2020
- By Jeffry Bartash
Restaurants and hotels, devastated by coronavirus, face long and painful recovery ‘Social distancing’ poses big challenge for hospitality industryWhen the Great Recession battered the U.S. economy in 2008 and 2009, hotels and restaurants laid off just over a half-million workers. Yet even those dark days for the hospitality industry pale in comparison to the destruction wrought by the coronavirus in less than two months.