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The companies say new minimum pay rates are based on flawed calculus and will raise consumer prices and limit worker flexibility. The companies say new minimum pay rates are based on flawed calculus and will raise consumer prices and limit worker flexibility. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful…

The food-delivery company plans to cut around 400 jobs, with CEO Howard Migdal saying the move is needed to stay competitive. The food-delivery company plans to cut around 400 jobs, with CEO Howard Migdal saying the move is needed to stay competitive. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners,…

Domino’s Pizza Inc. DPZ -11.65% said that its U.S. delivery business has taken a hit because consumers are cooking their own food at home to save money.The global pizza chain Thursday reported fourth-quarter sales that missed analysts’ estimates and it cut its two-to-three-year sales outlook, pointing to challenges to its U.S. delivery business that it said it expected to last. Domino’s relies on delivery sales for its U.S. business.  Chief Executive…

Food-delivery startup Wonder Group is laying off staff and scrapping its plans to roll out a nationwide fleet of food trucks, shifting to a more conventional and less expensive restaurant delivery model.The shift is a significant change for the four-year-old startup, which currently cooks food with a fleet of around 500 food trucks that deliver to households in the New Jersey and New York suburbs. The company has raised $900 million in venture capital and was valued at around $3.5 billion last year.…

Pizza-delivery drivers, who helped chains such as Domino’s Pizza Inc. DPZ -0.97% and Pizza Hut boost their sales during the Covid-19 pandemic, have become one of the $45 billion industry’s biggest problems. Chain executives said a shortage of drivers is costing them sales and frustrating customers with long wait times. Rising fuel and car-maintenance costs have made the job less appealing over the past year, workers said, as most drivers need to use their personal…

Delivery companies Grubhub and DoorDash Inc. DASH 3.02% are pushing for enactment of a bill in New York City that would amend the city’s cap on the fees they can charge restaurants—a measure the companies say is urgent as a new minimum wage for delivery workers takes effect next year.Grubhub retained a former state senator and a top adviser to Mayor Eric Adams’s 2021 campaign as it pushes for legislation introduced last month. The bill…

The world’s largest pizza chain by stores and sales said it would procure 800 Domino’s-branded Chevrolet Bolts for 37 of its own stores and hundreds of others run by its U.S. franchisees. Domino’s said it would begin deploying the branded vehicles this month, and that the company expects to order more from the General Motors Co. GM -0.63% division after the initial round. “We’ve got a long way to go, but we will have the biggest fleet of electric vehicles in…

The former chief executive of Domino’s Pizza Inc. DPZ -0.94% is joining Burger King parent Restaurant Brands QSR -0.18% International Inc. as its executive chairman, and will take a stake in the company as it seeks to improve its operations. Patrick Doyle, an executive partner at investment firm Carlyle Group Inc.,…

Domino’s Pizza Inc.’s DPZ 9.64% third-quarter revenue rose 7.1%, as higher sales from its U.S. restaurants offset a decline from international outlets due to the stronger dollar. The Ann Arbor, Mich.-based pizza chain said its top line climbed to $1.07 billion, just above analysts’ expectations, with sales from existing stores up 2% in the U.S. from a year earlier but down 1.8% overseas. The company said higher prices…

The “Save Local Restaurants” coalition said Friday it has raised around $12.7 million to fight the law, known as the FAST Recovery Act. Corporate brands have contributed $9.9 million and individual franchisees have given $2 million, with trade associations accounting for the rest, the coalition said. The coalition wants to postpone the implementation of the law, set to begin Jan. 1, and let voters decide through the state’s referendum process whether to permanently block the law in 2024. Opponents need to collect hundreds…