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Tech Tracker: How digital tech is capitalizing on the hot restaurant reservations market
Tock and Google now offer experience reservations; Diibs launches as a platform for bidding on last-minute reservations
Revenues also decreased 85%, reflecting the detrimental effects from nearly 25% of its portfolio remaining closed at the end of the quarter
Joanna Fantozzi
Experience-based dining companies like Dave & Buster’s Entertainment Inc. continue to struggle throughout the pandemic. For the second quarter ended August 2, the Dallas-based eatertainment company’s same-store sales slide 87%, attributable to the company shutting down all of its stores at the beginning of the pandemic. Over the second quarter, however, Dave & Buster’s slowly reopened many of their stores until by August, the company had reopened 84 out of 115 stores, all operating under modified, shortened hours.
Despite the challenged numbers, Dave & Buster’s CEO Brian A. Jenkins said that of the stores that did reopen, most were generating revenues at about 40% of their 2019 levels, and in the first few weeks of the thir...
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