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Rescuing The Restaurant Business From App Decline

PYMNTS

The internet “and its many apps, online reviews, and socially viral communication speeds will continue to disrupt restaurant industry traffic, revenues, brands, and survivability even more over the next decade,” Christopher Baron of RedBaron Consulting, told Modern Restaurant Management.

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The Great Grocery Race Shifts Into High Gear

PYMNTS

The players are many — but in the last year and a half, Walmart, Amazon and Kroger have managed to pull ahead in the earliest rounds of the race in terms of the breadth and depth of their enhanced offerings for consumers. Jet will also factor in locality when deciding which products are featured in its assortment for that region.

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The community banks standing by hospitality customers

Independent Banker

State Bank of Texas, led by president Sushil Patel (center), has a niche working with hospitality customers like Reena and Arun Patel, who own and operate a La Quinta hotel in Dallas. Industry data clearly shows that recovery is underway, although some segments and regions are faring better than others. Photo: R.J.

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Winds of Change Starting to Blow at the Fed

TrustBank

The FOMC is composed of 12 members – the seven-member Board of Governors and five members drawn from the 12 regional Reserve Bank presidents. The other four voting positions are typically filled each year on a rotating basis from the remaining presidents of the other regional Reserve Banks.