TAMPA, FL — The South Tampa Chamber of Commerce wants to remind diners that there’s no shortage of eateries to share a meal or enjoy take-out and delivery during Taste of South Tampa Restaurant Week 2020 in South Tampa this week.
To lure diners back to South Tampa residents following the coronavirus pandemic closures, dozens of restaurants in South Tampa are offering customers discounts on food and drinks this week.
“We’re just excited to continue to support local businesses and promote South Tampa as open for business,” said Kelly Flannery, president and CEO of the South Tampa Chamber of Commerce. “This is our call to action opportunity for us to say come into South Tampa, come experience our restaurants.”
Following mandatory restaurant closures and then limits on diners, restaurant owners, along with laid-off and furloughed restaurant workers, are struggling to recover from the economic impact of the coronavirus pandemic.
With subway and train ridership still seeing major declines from the same time last year, transportation hubs like Grand Central Terminal remain virtually empty, significantly impacting the businesses within them. More than six months into the pandemic, the Metropolitan Transportation Authority is now proposing a new rent agreement for its Grand Central tenants, in the hopes that businesses will be able to stay afloat.
Under this new proposal, the agency will take a percentage of rent from the restaurants and other small businesses in GCT that will be based on gross revenue, according to Janno Lieber, the MTA’s chief development officer and the man overseeing the plan. Lieber declined to say what that percentage will be, but said the agency is in talks with the businesses to settle on a figure.
Phil Roberts knows better than most that looks can be deceiving.
Outdoor dining, federal bailout money and takeout service have allowed him to keep the doors open at Salut, Manny’s Steakhouse, Good Earth and other Twin Cities-area restaurants he and his partners own.
But profits? Forget about it.
“It’s carnage out there,” Roberts said. “People think that if restaurants are doing takeout that things are fine. But we’re not.”
And things are likely to get worse.
Outdoor dining, which allowed many restaurants to limp through an otherwise dreary summer, will soon end. State-mandated capacity restrictions at bars and restaurants remain in place, and luring customers indoors while a pandemic continues to rage across the state could be a tall order.
Help, in the form of more aid from Washington, appears unlikely to arrive soon.
About 100,000 restaurants have shut down since March, according to the National Restaurant Association, an industry
Now Yelp, the platform that has more than 200 million crowdsourced reviews, announced Thursday that it will start flagging businesses that have been accused of racism, a new practice that some critics say could be abused by users.
In a blog post by Noorie Malik, the vice president of user operations, Yelp announced it will affix a “Business Accused of Racist Behavior” alert on accounts only when there is “resounding evidence of egregious, racist actions from a business owner or employee, such as using overtly racist slurs or symbols.” The alert will always be accompanied by a link to a news story from a credible media outlet, Malik wrote.
“As the nation reckons with issues of systemic racism, we’ve seen in the last few months that there is a clear need to warn consumers about businesses associated with egregious, racially-charged actions to help people make more informed spending decisions,” Malik
Yelp announced in a blog post yesterday that it would begin flagging businesses that have been accused of racially charged behavior on the app. Consumer alerts are already placed on businesses that see an influx of reviews based on news coverage or social media rather than first hand experience, and the new alert will specify when the allegations are related to racist behavior.
“At Yelp, we value diversity, inclusion and belonging, both internally and on our platform, which means we have a zero tolerance policy to racism. We know these values are important to our users and now more than ever, consumers are increasingly conscious of the types of businesses they patronize and support,” the brand said in the site blog post.
In order to flag these situations while also maintaining the integrity of the app, businesses that are associated with someone who has been
Del Taco Restaurants (TACO) is expected to deliver flat earnings compared to the year-ago quarter on lower revenues when it reports results for the quarter ended September 2020. This widely-known consensus outlook gives a good sense of the company’s earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 15. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management’s discussion of business conditions on the earnings call, it’s worth handicapping the probability of a positive EPS surprise.
Zacks Consensus Estimate
This restaurant chain is expected to post quarterly earnings of $0.10 per share in
After shutting down negotiations over a new COVID-19 stimulus package, President Trump said he would pass a standalone bill for $1,200 stimulus checks.
Restaurants and small businesses across the USA say they face dire situations without additional federal relief to offset the effects of the coronavirus pandemic.
Concerns have grown as another aid package for businesses and struggling Americans appears to be in limbo.
President Donald Trump quashed additional relief discussions Tuesday until after the election Nov. 3. Several hours later, Trump softened his stance, saying he’s open to approving $1,200 payments to Americans and limited programs to support the airline industry and small businesses.
As many as one in 20 U.S. small businesses face possible closure without additional assistance, the International Franchisee Association estimates.
There’s no coronavirus deal in sight: What does that mean for you?