“A set of facts could be put forward that would support that (they are destroying the retail landscape),” says former Walmart CEO Bill Simon. “Do I want to go out of business because I’ve lost my sales by not matching them on price? Or, do I want to go out of business because I’ve matched them on price?”
McDonald’s is the latest fast-food company to offer plant-based meat alternatives with its McPlant lineup.
Chipotle has announced its first digital-only restaurant, potentially disrupting the restaurant industry during one of its most challenging periods.
Google has announced that it is bringing free retail listings to the main Google Search results page.
Uber CEO Dara Khosrowshahi says that Uber Eats is growing at unprecedented rates during the pandemic and he expects the business to do well post-pandemic as well.
We’re going to expand beyond food into other categories such as groceries and pharmacy, essentially powering world commerce.
Landry’s CEO Tilman Fertitta said on CNBC that at only 25% maximum capacity New York restaurants are going to go out of business.
Businesses that aren’t using mobile messaging are losing potential customers.
By far, the hardest hit segment of the economy impacted by the forced government closures mandated by various state governor executive orders over the last six months has been restaurants.