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Ongoing rent problems are exasperated by lack of revenue and traffic, as well as labor shortages and inflation, the research revealed. Fifty-five percent of small business owners say they can’t fill necessary positions. Listen to the briefing to hear how labour is shaping up to be the big barrier to success for restaurant recovery.
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PayPal has announced on June 18 that starting August 2, it will raise its fees almost a whole percentage point. Listen to the briefing to hear Pay Pal’s rationale and why other competitors may pose a problem for the company.
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Amazon Prime Day has launched most everywhere but not yet in Canada. Listen to the briefing to hear why the Canadians are deferring this major retail event and when it’s expected to happen in 2021.
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Restaurants have been hit hard this past 16 months so manufacturers like Coke and Cupcake wines have figured out how to drive some traffic to the on premise sector. Listen to the briefing to hear how the promotions were structured.
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The restaurant industry is losing employees at an alarming rate. As companies start to wage a war for talent, operators will need to think in terms of the employee experience and how to make theirs enticing to employees. Listen to the briefing to hear what the current labour trends are.
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Portugal soccer captain Christian Ronaldo removed two Coca-Cola bottles at a Euro 2020 news conference this past week. His move coincided with a huge drop in the market value of the Coca-Cola. Listen to the briefing to hear why this might have an impact on your restaurant profitability.
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Moving to the next stage of re-opening hinges on herd immunity. Some companies are offering employees a cash bonus to get vaccinated. The Black Box Intelligence survey found that one-third of operators said they would offer a one-time cash payment, but 53% said they would offer paid-time off, which sets those restaurants offering cash bonuses apart. Listen to the briefing to hear how one restaurant is sweetening the pot to get the jab.
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Many workers are becoming a flight risk for their employers. Worker burnout will also contribute to the “talent flight,” as workers put in more hours remotely, take less time off, juggle child care duties and deal with general pandemic stress. Listen to the briefing to hear how this will impact your business and how you can adapt.
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Every marketing dollar you spend on customers who can’t buy from you or who aren’t interested in your message — is a wasted dollar. Listen to the briefing to hear about market coverage and how you can optimize yours.
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We’re looking at the “national days of” for June 13 – 16, 2021. Use the hashtags on social media and have some fun.
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