Restaurants are at high risk of credit card fraud. It's a risk that many restaurant operators underestimate -- and many are too confused by the technical requirements to protect their businesses effectively. In fact, while the risk is real, you can take action to protect your customers' cardholder data and to safeguard your business.
Staffing a restaurant for service and efficiency is a challenge: You dont want teenagers twiddling their thumbs in the back when things are slow at the front counter. But when the rush hits, you need all hands on deck.
With food costs on the rise, the most successful restaurant operators take great care to manage inventory and limit waste. Inventory is cash on the shelves, and waste, over-stocking, theft, and spoilage immediately impact a restaurant's bottom line -- often to the tune of thousands of dollars per year.
The old adage of "getting to know the locals" is more relevant today than ever for restaurant chains. Here, Euromonitor's Stephen Dutton spells out three guiding principles proven in global restaurant market research.
Domino's stock price soared last week while Papa John's took a significant hit. But there was good news for both brands in the largely lower commodity prices on most critical supplies, including that increasingly important delivery-enabling commodity, auto fuel.
Many brands continue to deal with Hurricanes Harvey and Irma damages, including Your Pie, which has locations in the path of both storms. CEO Bucky Cook recently shared thoughts on pre-planning and recovery.
Executives from 17 countries gathered in London for the 2017 Restaurant Franchising & Innovation Summit — Europe last week. The event, produced by Networld Media Group, provided the opportunity for more than 100 restaurant leaders to share advice, success stories and discuss how they moved on from failure.
It was a relatively uneventful week in commodity and pizza stock trading with only moderate gains or losses on either front, suggesting that a lot of traders like to build summer vacations around the long Independence Day holiday, too.
Attorney Brian Schnell of Faegre Baker Daniels LLP offers up advice and tips on how potential franchise operators and franchisors can sidestep common disputes before the arguments move toward a court setting. Good communication and clear expectations are key.