We created this resource center to share information and best practices that our industry can collectively leverage to manage through disruption, and prepare for the future. Sign up here to have this information delivered to you weekly.
Local, state and federal governments are stepping in with emergency fiscal stimulus packages to help businesses during these critical times. Stay on top of specific assistance that might be offered:
Building trust and loyalty with your customers has never been more important. View strategies and tips to help you manage engagement.
Take a look at the latest trends that Punchh is seeing across the restaurant industry.
Total traffic has increased by 4.6% from the previous week.
See how restaurants and c-stores are addressing COVID-19 in public forums.
Read daily coverage on the impact COVID-19 is having on restaurants and c-stores.
SUMMARY: After widespread complaints that the Payment Protection Program’s terms were too restrictive for small businesses, the House passed the Paycheck Protection Program Flexibility Act in an overwhelming 417-1 vote. The bill extends the forgiveness period for PPP loans from eight to 24 weeks, reduces payroll spending requirements from 75% of loan funds to 60%, and extends the deadline to re-hire workers to June 30.
Guest sentiment around off-premise offerings have started to recover, following a dip around the time restaurants began reopening in early May, according to Black Box Intelligence’s guest metrics. Restaurants continue to seek out ways to modify their dining rooms to adhere to state regulations, with The Wall Street Journal reporting how social distancing measures will have a significant negative impact on restaurants trying to reopen and make a profit as a result of not being able to maximize their capacity. It has also been reported that meal kits from restaurants will continue to see increased demand as well as consumers demand for safety and value.
Learn more about how our clients & partners are meeting the needs of their customers and communities.