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A payment system is any system used to settle financial transactions by transferring monetary value. This includes the institutions, instruments, people, rules, procedures, standards, and technologies that make exchange possible.
Online food delivery returned in 1982 when John Sylvan and Thomas Fernandez thought of SmartFood: a frozen burrito that could be cooked and eaten at home. Preparing food and having it delivered isn’t new; as a matter of fact, it’s been around for quite a while. Some might believe that […]
Type Description Examples Grocery Store Small store with a limited range of everyday items. Often open for long hours. Local grocery stores Supermarket Larger store with a wide variety of products, including non-food items. Kroger, Tesco, Safeway Hypermarket/Supercenter Combines a supermarket and department store. Sells a vast range of products. […]
Chipotle, the renowned fast-casual Mexican chain, is embarking on a new journey. The destination? The heart of small-town America. A Strategic Move: Beyond Urban Centers Chipotle has been a familiar name in bustling urban centers. It’s now setting its sights on smaller markets. This move is part of the brand’s […]
Amazon has decided to close its physical stores, even as consumers return to in-person shopping. The pandemic accelerated e-commerce, with online sales expected to surpass $1 trillion. Despite this, most consumers still prefer physical stores. Surprisingly, Amazon closed all its bookstores, 4-star stores, and pop-ups, leaving only the Amazon Style […]
Lincoln Restaurant, a beloved Washington D.C. dining institution, has introduced a new ghost kitchen brand called White House Sandwiches. The new brand offers a variety of handcrafted sandwiches, subs, hoagies, and cheesesteaks, all inspired by Lincoln’s owner and proprietor Alan Popovsky’s Philadelphia and Southern New Jersey roots. Ghost Kitchens: A […]
DoorDash, a prominent delivery operator, is shutting down the robotics company Chowbotics. This move results in layoffs and indicates a significant delay in DoorDash’s journey towards automation adoption. The acquisition of Chowbotics, known for its automated salad-making machine “Sally,” was initially seen as a promising step for DoorDash in early […]
Ghost kitchens, also known as cloud or virtual kitchens, are changing the face of the restaurant industry. These digital-only establishments, devoid of traditional storefronts, have surged, especially during the pandemic. While they existed before COVID-19, their growth skyrocketed as indoor dining became risky. These kitchens can be standalone or operate […]
Ghost kitchens, the culinary world’s answer to the digital age, are poised to redefine our dining experiences. The traditional restaurant model is undergoing a seismic shift as these virtual kitchens gain traction. Here’s how: In the long run, ghost kitchens might not replace traditional dining but will coexist, offering a […]
Restaurant Expands Summer Hours with New Ghost Kitchen Pedroso’s Pizza, a popular Austin pizzeria, is expanding its summer hours by utilizing a ghost kitchen. The ghost kitchen at Prep ATX will allow Pedroso’s to offer delivery and takeout orders from 11 am to 9 pm, seven days a week. Ghost […]
In a world where retail is increasingly digital and omnichannel, Walmart is making calculated moves. The retail giant recently announced its acquisition of Volt Systems, a software company specializing in vendor management and product tracking. This isn’t just a purchase; it’s a statement. Walmart is investing in technology that aligns […]