Today in the food trade, food prices are skyrocketing and major restaurant brands are opening new focused off-premises concepts. Additionally, Michael Breed, senior vice president of marketing for Brinker International, discusses how Chili’s is bringing flexibility to its value menu to attract customers concerned about inflation.
Fast food restaurants feel the heat as gas prices hit $5
Gas prices are breaking new records, with multiple sources revealing that around $5 a gallon is becoming the national average. AAA reported Friday (June 10) that the national average is $4.99, and gas price-tracking app GasBuddy announced Thursday (June 9) that the average price per gallon “has officially surpassed” the $5, marking the highest price on record.
Restaurant roundup: Panera, Tim Hortons open locations only off-premises
Panera Bread opens a “digital-only” location, Tim Hortons announces a drive-thru-only restaurant design, restaurant prices rise, and a major foodservice robotics company partners with Amazon Web Services to accelerate its expansion.
Food content meets community-style commerce with a side of payments innovation
Amanda Hesser from the eCommerce marketplace as a Food52 community explains how inspirational content easily turns into commerce when served properly.
Growing US food and fuel problem fuels 8.6% rise in May inflation
Double-digit increases in the price of gasoline and food combined to push the overall Consumer Price Index 8.6% higher in May, a move that not only overcame already dovish fears from economists, but which marked a new maximum in 41 years in the cost of daily basic services. life.
Chili’s exec: Flexibility is ‘guiding principle’ of anti-inflationary value menu
Casual dining giant Chili’s announced earlier this month the launch of its new “3 for Me” menu offering a drink, appetizer and entree starting at $10.99. Michael Breed, senior vice president of marketing for Chili’s parent company, Brinker International, spoke with PYMNTS about how the brand is using the variety of options as a key differentiator from other value offerings.