Market Pulse Check
Food And Beverage
Online Boost: COVID-19’s Restaurant Legacy
Some CEOs believe that restaurants won’t return to pre-pandemic models, according to Marketing Daily, an online newsletter.
In a study conducted by Cambridge Retail Advisors, 65% of retail and restaurant chains plan to reopen all locations, 25% plan to open a portion of their locations, and 10% won’t reopen at all. The study was aimed at C-level executives representing retail and restaurant organizations.
In response to pandemic closures, online sales rose to 30-40% of total profit, a jump from 10-15% in 2019. More than half of those surveyed believe the ...
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