PopUp Bagels Names Mike Smith COO
PopUp Bagels welcomes industry veteran Mike Smith as Chief Operating Officer to lead their next phase of growth, putting quality and guest experience at the forefront.
Jul 28, 2026
PopUp Bagels welcomes industry veteran Mike Smith as Chief Operating Officer to lead their next phase of growth, putting quality and guest experience at the forefront.
Jul 28, 2026
Improve kitchen ticket times with practical strategies for better preparation, smoother workflows, stronger communication, smarter staffing, and effective restaurant technology.
Jul 27, 2026
TGI Fridays emerges from Chapter 11 bankruptcy under new ownership, focused on growth and stability. Discover what's next for the iconic chain and its global operations.
Jul 28, 2026
Veteran restaurant executive David Deno assumes the helm at Cracker Barrel, signaling a pivotal moment for the brand’s revitalization. Learn what this means for operators, staff, and industry leaders.
Jul 27, 2026
Noodles & Company achieves historic sales growth and operational turnaround in 2026, sharing critical lessons for restaurant owners on boosting traffic, innovation, and team culture.
Jul 27, 2026
Learn how restaurant owners can manage payroll accurately, track labor costs, reduce errors, maintain compliance, and improve workforce profitability efficiently.
Jul 27, 2026
Cicis Pizza’s systemwide sales have surged over 50%, fueled by digital innovation, modern operations, and a revamped franchise strategy. Learn what restaurant owners can take away from Cicis’ transformation.
Jul 24, 2026
Stay compliant with key restaurant labor regulations in Summer 2026, including minimum wage increases, scheduling laws, and retirement requirements.
Jul 24, 2026
Fogo de Chão has announced Daniel Duran as its new CFO, marking a strategic leadership transition designed to enhance global growth and financial innovation for the renowned restaurant brand.
Jul 24, 2026
Learn how to calculate, benchmark, track, and improve restaurant payroll percentage while balancing staffing costs, sales, service, and profitability effectively.
Jul 24, 2026
The challenges faced by the restaurant industry in 2024, from inflation to bankruptcies, and the emergence of value strategies. Learn about consumer behavior shifts and what the future holds for 2025.

The year 2024 posed immense challenges for the restaurant industry, primarily due to historic inflation rates and significant shifts in consumer behavior. After enduring two years of rising menu prices, consumers drastically reduced their visits to restaurants towards the end of the previous year and the beginning of 2024. This sudden decline in foot traffic prompted restaurant brands to rethink their strategies to attract customers back through the doors.
To combat the decrease in consumer visits, restaurant brands initiated value strategies in the second quarter of 2024. This move marked the beginning of a full-fledged value war in the industry during Q3. Executives acknowledged the intricate consumer environment and devised various tactics to navigate through the challenging landscape without compromising profit margins excessively.
Simultaneously, 2024 witnessed a staggering number of restaurant bankruptcies, impacting both legacy brands and previously successful disruptors. Establishments such as TGI Fridays, Bucca di Beppo, and Red Lobster, alongside modern disruptors like World of Beer Bar & Kitchen and Tender Greens, faced financial turmoil. The issue extended to franchisees of well-known brands like Arby’s, Pizza Hut, and Dickey’s Barbecue Pit.
The pandemic led many restaurant concepts to accumulate debt as a means of survival, but as inflation soared and consumer visits dwindled, managing debt became increasingly challenging. Consumers' worsening financial outlook further exacerbated the situation, prompting a widespread struggle across all segments of the industry.
As the industry reflects on the trials of 2024, the upcoming year poses both opportunities and uncertainties. Despite the hardships faced, 2025 could herald a season of renewal for the restaurant sector. However, given the unforeseen challenges of the previous year, industry experts are cautious in making bold predictions for what lies ahead.