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4 Proven Strategies to Raise Check Sizes

4 Proven Strategies to Raise Check Sizes

While restaurant traffic was down in 2018, many restaurants saw flat to positive sales growth due to increases in average check size. And while many brands raised their prices between 2–­4 percent in 2018, others were able to achieve higher check growth through...
5 ways fast casuals can combat rising minimum wages

5 ways fast casuals can combat rising minimum wages

More states around the U.S. are raising the minimum wage in 2019. In total, 20 states will raise their minimum wage this year, with substantial increases of $1 in some states. For example, Maine’s increase will be 10 percent, Massachusetts’ is 9 percent, and...
N.C. State students analyze how changes in a restaurant impact traffic and sales

Is Dynamic Pricing Right for Your Restaurant Brand?

Many restaurant operators are taking advantage of dynamic pricing, but is it the right move for your brand? A few restaurants have been successful in executing dynamic pricing as a core part of their strategy, with the most well-known being Chicago restaurant Next,...
N.C. State students analyze how changes in a restaurant impact traffic and sales

Should Your Restaurant Partner with a Private-Equity Firm?

Andrea CastilloWPAndrea Have you considered partnering with a private-equity firm to grow your restaurant? For restaurant operators that want to grow and need funding, partnering with a private-equity investor can be a good place to start, as long as operators fully...
N.C. State students analyze how changes in a restaurant impact traffic and sales

Unleashing the Power of Today’s Knowledge Worker

These days, most jobs involve knowledge work, where an employee’s main contribution is subject-matter expertise, which in turn drives a growing need for individuals to take responsibility for managing their own performance. Consequently, the role of “managers” is...
5 things to consider when choosing a delivery partner

5 things to consider when choosing a delivery partner

With consumers seeking convenience, it is no secret that the delivery trend is here to stay. The strong drive towards on-demand delivery has led many third-party providers including UberEATS, Deliveroo and Just Eat to enter the market. With a vast number of delivery...
N.C. State students analyze how changes in a restaurant impact traffic and sales

How to respond when commodity prices rise

Planning and a smart approach to menu strategy can mitigate the effects. Restaurant operators may see dramatic prices increases for certain products several times a year. In 2015, the cost of eggs spiked due to avian flu, which reduced the count of table-egg-laying...
N.C. State students analyze how changes in a restaurant impact traffic and sales

Generation Z Is Entering the Workforce: Are We Ready?

Just as restaurant managers figured out how to hire and retain Millennials, Generation Z (born after 1995) is looking for job opportunities. They have been described as being smarter than baby boomers and more ambitious than Millennials. Generation Z employees look...
N.C. State students analyze how changes in a restaurant impact traffic and sales

What smaller chains should consider as they grow

Mine transactional data to understand customers and make smart decisions If you are the leader of a smaller, rapidly growing restaurant, you have to make decisions every day that may have a long-term impact on the concept’s success. Here are just a few examples: How...
Look out Millennials! RMS had its first Gen Z intern

Look out Millennials! RMS had its first Gen Z intern

Last week, we broke a record at Revenue Management Solutions and had our youngest intern at our Tampa office. Stefan Miller, from Robinson High School, joined us for a week to experience what it’s like to work at RMS. While a typical high school student may be...
N.C. State students analyze how changes in a restaurant impact traffic and sales

7 Steps to Evaluate Underperforming Restaurant Units

Small fixes can make a big difference Now that the economy is improving and the overall 2016 outlook for the restaurant industry is positive, brands are shifting focus to individual underperforming units. Many operators default to opening new units as a way to...
5 ways fast casuals can combat rising minimum wages

Revenue Management Solutions Granted Fifth U.S. Patent

Revenue Management Solutions (RMS), the industry recognized leader in providing sustainable profit building pricing solutions to clients in the foodservice and retail industries, announces the granting of U.S. Patent No. 8,417,564, A Method for Allocating Advertising...
Revenue Management Solutions Granted Second U.S. Patent

Revenue Management Solutions Granted Second U.S. Patent

Revenue Management Solutions (RMS), the industry recognized leader in providing item level price recommendations to chain restaurants in the food service industry, is pleased to announce that U.S. Patent No. 7,702,518 has been awarded to inventors Tom Kelly and...

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