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This Week in Franchise News: 5/14/2021

Post-COVID “revenge spending,” worker shortages, minimum wage hikes, convenience store-QSR hybrid models and more in this week's news roundup.

Fast Food Franchises Joining the Push to Boost COVID-19 Vaccination Rates

McDonald’s, Krispy Kreme and White Castle are some of the fast food giants using their reach to share reliable vaccine information and promote the vaccine in the U.S.

What Is Post-Pandemic “Revenge Spending,” and What Does it Mean for Business Owners?

Cooped-up consumers are ready to splurge, but worker shortages are hampering restaurant owners’ optimism.

Chipotle Raises Minimum Wage to $15 Ahead of 20,000-Job Hiring Surge

The quick-service Mexican restaurant brand is attracting talent with premium benefits during a nationwide worker shortage.

Why Convenience Stores May Be a Major Threat to the QSR Industry

With 7-Eleven gearing up to open nearly 150 restaurant-infused locations in 2021, the foodservice franchising space has some formidable new competition.