2024 Merchandise Pricing 
7 Shifts
JULY 20, 2024
By analyzing these reports, you can optimize pricing, control restaurant costs , reduce waste, and improve overall profitability. Because the sales report shows the revenue generated by each menu item, you can set your pricing appropriately to maintain healthy profit margins. This balance helps in maintaining optimal labor costs.
Mad Mobile
JANUARY 23, 2024
Many retailers have already adjusted their approach to shopping and merchandising, introducing powerful omnichannel technologies to streamline operations and help them better compete in a new digital landscape. This could be the secret weapon needed to stay afloat during these uncertain economic times.
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7 Shifts
JULY 25, 2024
Profitability remains a challenge for many restaurants, especially with prices for ingredients and labor going up. With an expected annual growth rate of 4.57% from 2024 to 2029, meal kits provide an opportunity to increase revenue and reach more customers. In fact, only 27% of restaurant owners expect to be more profitable this year.
Modern Restaurant Management
JANUARY 2, 2024
Modern Restaurant Management (MRM) magazine asked restaurant industry experts for their views on what trends and challenges owners and operators can expect to see in 2024. Just as the transition to renewables and electric vehicles has thrived on collaborative efforts, we foresee more collaboration for the cultivated meat industry in 2024.
Modern Restaurant Management
AUGUST 13, 2024
After this attempt at circumventing the coexistence agreement and other breaches include use of the food truck outside the authorized region, Whatabrands brought suit against WAB13 on June 11, 2024 for trademark infringement. Trusted brands can demand higher prices and maintain customer loyalty, which are both keys to a profitable business.
Aaron Allen & Associates
MARCH 29, 2024
2024 will be a great year for menu overhauls, not just LTOs. Operational Impacts and Considerations Limited-Service Restaurants introduce new items with a cadence ranging between one new item (either LTOs or permanent) per week to one new item every 10 weeks (based on a sample of nearly 40 chains over the first 10 weeks of 2024).
The Restaurant Times
JANUARY 26, 2023
Over 20% of POS solutions are already in the cloud, and 29% are planning to do so by 2024. The metrics from your POS can also provide details about your company’s personnel, merchandise, store design, foot traffic, return policy, and other metrics. Moving to the cloud is a top priority for restaurant owners.
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