QSR

Paytronix Finds Guests Order 35% More Items per Check Via First-Party Online Ordering Platforms

Retrieved on: 
Monday, April 1, 2024
Online, Fast-food restaurant, Noma (restaurant), Lunch, QSR, Online and offline, Artificial intelligence, Restaurant, FSR

Online ordering represented 27% of all orders for restaurants and convenience stores in 2023, and operators in the top 25% of online ordering volume saw online orders jump to 62% of all their orders last year.

Key Points: 
  • Online ordering represented 27% of all orders for restaurants and convenience stores in 2023, and operators in the top 25% of online ordering volume saw online orders jump to 62% of all their orders last year.
  • “The biggest takeaway is that while third party marketplaces have their uses, a first-party online ordering platform is key to a brand’s online ordering success,” said Tim Ridgely, Vice President of online ordering at Paytronix.
  • Additional findings from the Online Ordering Report include:
    Guests who order both in-store and online have the highest order frequency, the best retention, and 35% more lifetime value than customers who only order in-store.
  • The Paytronix Online Ordering Report provides trends and actionable insights from Paytronix online ordering experts.

Protein Bar & Kitchen Streamlines Early Technology Adaption with New App Launch

Retrieved on: 
Monday, April 8, 2024
POS, Software as a service, Learning, Environment, Partnership, Human, Software, Food, App Store (iOS/iPadOS), Google Play, Restaurant, QSR

CHICAGO, April 8, 2024 /PRNewswire/ -- Protein Bar & Kitchen - a better-for-you, fast casual restaurant brand remains at the forefront of technology advancements in 2024, launching their new app with Incentivo. The new app will streamline software updates and further solidify Protein Bar & Kitchen's digital capabilities to prioritize loyal customers. The launch of the new app, and additional partnerships with innovative brands including Toast and Chowly, underlines the franchise brand's commitment to evolving back and front-of-house advancements with emerging technology companies. This reprioritization of technology follows a historic 2023 with the brand's launch into franchising, and now it is ready to streamline technology to improve the franchise system.

Key Points: 
  • The new app will streamline software updates and further solidify Protein Bar & Kitchen's digital capabilities to prioritize loyal customers.
  • With early adaptation of technology partners, Protein Bar & Kitchen is able to fuel digital enhancements which lead to more efficient partnerships for both parties.
  • Protein Bar & Kitchen has tapped into Incentivo to create its app, which has been officially rolled out and is downloadable for all customers and is available on the Apple App Store and Google Play .
  • Since working with Chowly, Protein Bar & Kitchen provided feedback that has led customers to order their food directly through Google.

Freddy's Frozen Custard & Steakburgers Opens Second Airport Location

Retrieved on: 
Friday, April 5, 2024
GRR, Growth, Paradies, 500th, International airport, Airports Council International, Restaurant, Airport, QSR

WICHITA, Kan., April 5, 2024 /PRNewswire/ -- Fast-casual restaurant concept Freddy's announced today the opening of its newest location in Gerald R. Ford International Airport (GRR) in Grand Rapids, MI, adding to its existing four restaurants in the market. Owned and operated by leading North American travel retailer Paradies Lagardère, the GRR opening marks Freddy's second airport location, having debuted their first airport unit in Oklahoma City in 2022. In addition to this opening, Freddy's plans to open a location in the Salt Lake City International Airport by year-end and is continuing to identify growth opportunities in non-traditional spaces, including stadiums, college campuses, malls and casinos.

Key Points: 
  • Owned and operated by leading North American travel retailer Paradies Lagardère, the GRR opening marks Freddy's second airport location, having debuted their first airport unit in Oklahoma City in 2022.
  • In addition to this opening, Freddy's plans to open a location in the Salt Lake City International Airport by year-end and is continuing to identify growth opportunities in non-traditional spaces, including stadiums, college campuses, malls and casinos.
  • The GRR opening marks Freddy's second airport location, having debuted their first airport unit in Oklahoma City in 2022
    "At Freddy's, we understand the importance of adaptability and innovation in an ever-evolving landscape.
  • In addition to Freddy's beloved steakburgers and frozen custard, guests of the new Gerald R. Ford International Airport location will have the opportunity to try the brand's breakfast menu, including the Breakfast Steakburger, Breakfast Bowl and Breakfast Burrito, only available in airports and select non-traditional locations.

Circana Announces Top 50 U.S. Restaurants

Retrieved on: 
Monday, March 25, 2024
Firehouse Subs, Cracker Barrel, Consumer, Brewhouse, Growth, Tropical Smoothie Cafe, Name, The Cheesecake Factory, AUV, Movement, Restaurant, Drink, Snack, QSR, Starbucks, Election

Circana forecasts a further 1% growth in restaurant traffic for 2024.

Key Points: 
  • Circana forecasts a further 1% growth in restaurant traffic for 2024.
  • To secure a spot among the top 50, a restaurant must boast consumer spending figures in the 10-figure range.
  • These top 50 establishments represent a commanding 61% share of the entire restaurant industry’s spending despite constituting only 24% of all restaurant locations.
  • These primary sources and other proprietary Circana data, public reporting, and Circana analysis generate this new industry standard restaurant ranking.

Global Loyalty Programs Market Intelligence 2024: Supermarket Loyalty Programs are Gaining Widespread Adoption Worldwide with Companies Adjusting their Programs to Meet Consumer's Needs - ResearchAndMarkets.com

Retrieved on: 
Thursday, April 4, 2024
Marketing, Supermarket, Retail, Communications, Tesco Clubcard, Domino's, Visa, Growth, Partnership, Netto, McDonald's, Lufthansa, NFT, DUX, Sainsbury, Non-fungible token, African, Polygon, QSR

Global loyalty market is expected to grow by 11.1% on an annual basis to reach US$150,970.4 million in 2024.

Key Points: 
  • Global loyalty market is expected to grow by 11.1% on an annual basis to reach US$150,970.4 million in 2024.
  • The global loyalty market will continue to grow over the forecast period and is expected to record a CAGR of 9.5% during 2024-2028.
  • Inflation and higher food prices have been driven by the adoption of loyalty schemes in markets like Europe and Africa.
  • To tap into the growing popularity, QSRs are expanding their loyalty schemes to drive business growth in the global market.

American Dairy Queen Corporation Hires New Franchise Development Executive to Lead U.S. and Canada

Retrieved on: 
Wednesday, April 3, 2024
Retail, Restaurant, Bar, Food, Beverage, IDQ, ADQ, Dairy Queen, Coffee bean, Yum, Coffee, Towson University, DQ, QSR, Multimedia, Dine Brands, Video game

American Dairy Queen Corporation (ADQ), a subsidiary of International Dairy Queen, Inc. (IDQ) and a leader in the quick-service restaurant (QSR) industry, today announced it hired Gregg Benvenuto as vice president of franchise development in the U.S. and Canada.

Key Points: 
  • American Dairy Queen Corporation (ADQ), a subsidiary of International Dairy Queen, Inc. (IDQ) and a leader in the quick-service restaurant (QSR) industry, today announced it hired Gregg Benvenuto as vice president of franchise development in the U.S. and Canada.
  • View the full release here: https://www.businesswire.com/news/home/20240403264196/en/
    Gregg Benvenuto, vice president of franchise development in the U.S. and Canada (Photo: Business Wire)
    Benvenuto comes to ADQ with decades of restaurant franchise development experience.
  • He has held executive franchise development roles at Dine Brands, Papa Murphy’s, and The Coffee Bean and Tea Leaf.
  • “We have aggressive five-year goals to open new DQ Grill & Chill restaurants in the U.S. and Canada,” said Dan Kropp, chief operating officer, U.S. and Canada, at American Dairy Queen Corporation.

Smoothie King Announces Las Vegas Expansion, Tripling Footprint in the Market

Retrieved on: 
Thursday, March 28, 2024
Retail, Restaurant, Bar, Food, Beverage, Health, Vegetable, Partnership, Smoothie, Smoothie King, USAF, Nation's Restaurant News, Franchise Times, QSR, Multimedia

Smoothie King , the world's largest smoothie brand and the first health and fitness fast casual brand of its kind, announced the signing of development agreements that will bring seven new locations to Las Vegas.

Key Points: 
  • Smoothie King , the world's largest smoothie brand and the first health and fitness fast casual brand of its kind, announced the signing of development agreements that will bring seven new locations to Las Vegas.
  • The expansion more than triples Smoothie King’s footprint in the market and is part of the larger growth path that the smoothie brand announced earlier this year, forecasting 100 new store openings in 2024.
  • View the full release here: https://www.businesswire.com/news/home/20240328050701/en/
    Smoothie King Announces Las Vegas Expansion, Tripling Footprint in the Market (Photo: Business Wire)
    Smoothie King currently has three locations in the Las Vegas area, with its most recent opening occurring in 2022.
  • The expansion In Las Vegas is led by new franchisees Brandie and Dustin Rasmussen, who will oversee four of the new locations.

Shake Shack Names Rob Lynch as Chief Executive Officer

Retrieved on: 
Thursday, March 21, 2024
Retail, Restaurant, Bar, Food, Beverage, Culture, Growth, Heinz, Shake Shack, University, Lynch, Shack, Marketing, Taco Bell, QSR, Procter & Gamble, Management

Shake Shack Inc. (“Shake Shack” or the “Company”) (NYSE: SHAK) today announced that its Board of Directors has appointed Rob Lynch to the role of Chief Executive Officer and board member, effective May 20, 2024.

Key Points: 
  • Shake Shack Inc. (“Shake Shack” or the “Company”) (NYSE: SHAK) today announced that its Board of Directors has appointed Rob Lynch to the role of Chief Executive Officer and board member, effective May 20, 2024.
  • “Rob’s appointment as CEO marks the beginning of our next chapter of growth as we seek to further elevate Shake Shack as a leading global brand,” said Danny Meyer, Shake Shack’s Founder and Chairman of the Board of Directors.
  • Shake Shack is special in the restaurant space – I love the food, the thoughtful Shack designs, and the soul of the brand.
  • Mr. Lynch previously served as Arby’s Brand President and Chief Marketing Officer.

CARROLS RESTAURANT GROUP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Carrols Restaurant Group, Inc. - TAST

Retrieved on: 
Tuesday, March 19, 2024
Class Action Lawsuit, Professional Services, Legal, KSF, QSR, Sale

and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Carrols Restaurant Group, Inc. (NasdaqGS: TAST) to Restaurant Brands International Inc. (NYSE: QSR).

Key Points: 
  • and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Carrols Restaurant Group, Inc. (NasdaqGS: TAST) to Restaurant Brands International Inc. (NYSE: QSR).
  • Under the terms of the proposed transaction, shareholders of Carrols will receive $9.55 in cash for each share of Carrols that they own.
  • KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
  • To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com .

Registration Opens for the QSR Evolution Conference and NextGen Restaurant Summit

Retrieved on: 
Monday, March 18, 2024
Retail, Restaurant, Bar, Food, Beverage, Burger King, Firehouse Subs, Conference, KFC, FSR, Atlanta Marriott Marquis, Inspire Brands, QSR, Nextgen, Management

WTWH Media, LLC, has announced that registration is now open for the second year of the QSR Evolution Conference and NextGen Restaurant Summit.

Key Points: 
  • WTWH Media, LLC, has announced that registration is now open for the second year of the QSR Evolution Conference and NextGen Restaurant Summit.
  • The QSR Evolution Conference, presented by QSR Magazine, is a one-of-a-kind event for quick-serve restaurant operators where attendees have a unique opportunity to connect and network in a face-to-face setting with others in the restaurant industry.
  • The NextGen Restaurant Summit, which is presented by FSR Magazine, serves as a connecting point for the NextGen and emerging full-service restaurant brands that are defining the future of full-service restaurants.
  • “We’ve been looking forward to this day ever since last year’s conference ended,” said Danny Klein, Editorial Director of QSR and FSR.