Foodservice Sales

  • Developing a revenue management strategy for your restaurant

    August 24, 2023
    With increased costs, supply chain disruption, and labour shortages, making your restaurant as profitable as possible is paramount to your success. Do you have a revenue management strategy that works for your business? Revenue management is a system where you create win-wins for your customers and your business, offering value while protecting your margins. There are ...
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  • Getting your loyalty program up to date

    August 22, 2023
    With the continued inflation and restaurant costs, does your loyalty program still offer value to your customers and make sense for your business? As your customers’ and your restaurant’s needs change and evolve, so, too, should your loyalty program. And while those changes are not always well received initially, it’s important for restaurants to maintain ...
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  • Using social media to grow your restaurant’s profits

    August 3, 2023
    Social media and food go hand in hand as foodies search for recipes, post pics of their dishes, and connect with like-minded diners globally. Does your marketing plan include a social media strategy? If not, it’s time to get social! These platforms can help you reach an untapped audience, announce news, engage with your customers, ...
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  • Are restaurant surcharges a growing trend?

    August 1, 2023
    As restaurants continue to look for creative ways to get ahead in today’s economy, some operators are adding surcharges to the bill. While many diners balked at rising tipflation earlier this year, surcharges may be easier to swallow, as the industry starts to make changes for the better. Typically, the surcharges look like a line item ...
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  • Breakfast sales continue to rise and shine

    July 18, 2023
    As more and more Canadians return to the office, breakfast is gaining momentum for commuters. QSRs are benefiting from increased morning traffic that’s ramping up breakfast sales and boosting their bottom lines. 34 per cent of Canadians don’t want to cook breakfast for themselves, and 40 per cent say they eat outside the house in ...
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  • Are record-high food costs finally slowing down?

    July 13, 2023
    Consumers and restaurants continue to battle food inflation, but some costs have started coming down since January, albeit not to pre-pandemic levels. Sylvain Charlebois, senior director of the Agri-Foods Analytics Lab at Dalhousie University, recaps the items with the largest price reductions so far this year: Tomatoes (- 38 per cent) Cucumbers (- 31 per cent) Strawberries (- ...
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  • Restaurant prices remain on the rise

    July 7, 2023
    With so much talk in the media about inflation and rising food costs, many restaurants have increased their menu prices to try and offset their costs. Just how much have prices gone up for consumers as operators have raised rates to try and recoup some of the losses felt over the last few years? According to ...
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  • Online ordering remains a reliable source of restaurant revenues

    June 28, 2023
    Even as patios are filling up for the summer, online ordering continues to be an important revenue generator for restaurants. Diners want to eat out, but they also want the convenience of enjoying their favourite dishes from the comfort of their own homes. According to Paytronix, online orders have nearly tripled since the pandemic, so ...
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  • Setting your patio up for success

    June 7, 2023
    Canadians sure love patio season, so get your restaurant ready for that summer rush! With many restaurants seeing even slimmer profit margins, as labour and inflation continue to be a challenge, operators may be feeling the pressure to draw customers in and fill their seats. And while opening a new seating area can be a ...
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  • The future of ghost kitchens

    June 2, 2023
    We’ve seen the rise of ghost kitchens over the last few years, but do they have the appeal they once had, and will we see even more of this pandemic trend pop up in the future? Initially, some commercial realtors predicted that by 2025, ghost kitchens would make up as much as 20 per cent ...
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  • The current state of the foodservice industry

    May 15, 2023
    As the foodservice industry continues to recover through elevated food prices and ongoing labour challenges, what does it look like in today’s economic landscape? Givex’s annual survey provides insight into diner preferences and industry trends. While inflation and a possible recession have motivated many Canadians to cut back on discretionary spending, the study found that 28 ...
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  • According to experts, there’s no end in sight for food inflation

    April 24, 2023
    Food inflation continues to weigh on restaurants and consumers. We have watched food costs reach record-breaking levels in this last year and experts predict that it will continue beyond 2023, offering elevated numbers into 2025. Current inflation has surpassed previously predicted numbers for 2023, reaching 10.6 per cent in February year over year, significantly above the ...
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  • Off-premise dining continues to help restaurant revenues grow

    April 13, 2023
    As the seasons change, and restaurants get ready to open their patios and continue to fill their tables, off-premise dining is still in hot demand. Takeout and delivery helped many restaurants survive the pandemic and get back on their feet afterward, and it will continue to help the industry grow well into 2023. It seems diners ...
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  • Non-alcoholic beverages are menu must-have

    April 11, 2023
    Non-alcoholic beverages aren’t just mocktails; they can also include fancy hot drinks, slushies, milkshakes, and more. Consumers often buy these items to treat themselves, providing an opportunity for restaurants to up those cheque totals. Each category of non-alcoholic beverages has its place on the menu and offers its own advantages for your restaurant – and for ...
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  • Restaurants are branching out, developing new revenue streams

    April 5, 2023
    As restaurants continue to search for ways to find success amid inflation and labour shortages, many are exploring new revenue streams to boost their bottom lines and avoid raising menu prices. In fact, only 23 per cent of restaurants plan to increase their prices, even though 85 per cent of Canadian customers say they would ...
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