As the world grapples with the effects of climate change and environmental degradation, sustainability has emerged as a crucial issue across industries. And the restaurant industry is no exception. As Earth Day fast approaches, now is the perfect time for restaurants to take a hard look at their operations and take the necessary steps to …
5 Sustainable Practices You Can Implement in Your Restaurant Read More »
Get ready to explore the exciting 2023 world of the restaurant industry, where innovation and adaptation are key to staying ahead of the curve. Did you know that according to the National Restaurant Association, the restaurant industry is projected to generate $1.2 trillion in sales in 2030? With so much at stake, it’s no surprise …
Are you struggling to keep your employees motivated and engaged? Employee engagement is a crucial factor that can make or break a business. According to the National Restaurant Association, turnover in the restaurant industry is typically high, with an average rate of 73%. In today’s competitive job market, showing appreciation to your employees is essential …
8 Ways to Show Your Employees Appreciation and Boost their Engagement Read More »
As we are closing in the season of love with Valentine’s Day just a week away, consumers are now hunting for the perfect restaurant and gift to celebrate. Businesses in the retail and F&B industries are getting ready to take advantage of this special date, historically one of the highest revenue seasons within the year. …
Win Over Your Customers’ Hearts With Product Affinity Read More »
As the generation with the most buying power, Generation Z (born between 1997 and 2012) is a crucial demographic for marketers to understand and appeal to. It has an estimated global buying power of $360 billion in 2022, more than double what was estimated three years ago. To build loyalty with Gen Z customers, businesses …
In the highly competitive restaurant industry, customers have a plethora of options to choose from when deciding where to dine or order takeout. To stand out and attract more business, restaurant owners must find ways to differentiate themselves from the competition. One powerful tool at their disposal is their menu. Recent research by TouchBistro’s 2022 …
According to Business Wire, 84% of consumers say they’re more likely to stick with a brand that offers a loyalty program. Big brands such as Amazon, Starbucks, and Sephora, are amongst the most successful loyalty programs customers all over the world are subscribed to. However, businesses can still find it challenging to retain loyal and …
5 Reasons Why Customers Abandon Loyalty Programs Read More »
It costs five times more to acquire new customers than to retain existing ones. According to Bain & Company, increasing retention rates by 5% boosts profits by 25% to 95% – impressive, right? Keeping in touch with customers after the holidays can result in additional revenues and nurture positive customer relationships in the long run. …
Post-Holiday Strategies to Keep Shoppers Coming Back Read More »
Everybody loves getting a chance to win products and services from the brands they love and one way of doing this is by running a contest on social media. They allow businesses to reach larger audiences while generating buzz around your brand. According to a study by Tailwind, including contests in your strategy can help …
5 Holiday-themed Social Media Contests to Attract Followers Online and In Stores Read More »
December is finally here and shoppers are busy looking for the best deals and holiday inspiration across online and offline platforms, making it a profitable time for F&B and Retail owners alike. The National Retail Foundation (NRF) forecasts that holiday retail sales during November and December will grow between $942.6 billion and $960.4 billion in …
8 Holiday Shopping Statistics and Trends You Need To Know Read More »
