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Off The Menu: 10% of restaurants open at start of COVID pandemic now permanently closed, study shows Updated 6:18 AM; Ever since the pandemic-triggered shutdown of the restaurant industry began last March, there have been efforts aplenty to quantify the damage such public health mandates have caused. Over the last 12 months various restaurant casualty headcounts have been developed. Some were based on anecdotal evidence while other tallies were derived from more substantive information. In a few instances figures generated to justify lobbying efforts in favor of restaurant relief have even turned out to be somewhat overstated. Now better, more reliable information is beginning to emerge. Datassential, a market research firm that does work in the food service field, released its findings on restaurant shutdowns as of late March. Using numbers gleaned from Firefly, the firm’s proprietary database, Datassential reports that 10.2% of all restaurants in operation at ....
Off The Menu: Restaurants face challenges this holiday season Updated Dec 12, 2020; If there’s one thing that most any restaurant owner wants for Christmas this year, it’s some good news. Ten months of scrambling to survive have left nerves frayed and financial resources depleted, and, while the rollout of apparently effective vaccines offers eventual hope, the near term outlook is admittedly bleak. With the arrival of winter and a dramatic surge in COVID-19 cases over the last several weeks, the business climate for restaurants has once again become challenging. Cold weather has reduced the feasibility of outdoor dining, and necessary public health measures have, in many jurisdictions, resulted in new indoor capacity restrictions. ....